latest news in companies
MARA Finalizes Strategic Stake in French Tech Firm to Bolster AI and Cloud Infrastructure
Las Vegas, Sunday, 22 February 2026.
MARA secures a 64% stake in Exaion to expand into high-performance computing. Analysts project a potential 163% stock upside as the miner diversifies revenue ahead of February 26 earnings.
Costco Enhances Food Court Strategy with New Double Chocolate Mint Sundae
Issaquah, Sunday, 22 February 2026.
Costco Wholesale Corporation (COST) has strategically refreshed its food court lineup by introducing the Double Chocolate Mint Sundae, priced at $2.99. Rolled out nationwide in mid-February 2026, this seasonal item replaces the standard chocolate soft serve, aligning with St. Patrick’s Day trends. While the dessert features mint soft serve, cookie crumbles, and chocolate sauce, its introduction serves a broader economic purpose: acting as a high-value member benefit to drive warehouse foot traffic and retention. Interestingly, this menu expansion coincides with reports of the retailer tightening its return policies, highlighting a dual approach to managing operational costs while maintaining member satisfaction through affordable luxuries.
Netflix's 'The Rip' Surpasses 108 Million Views in Major Streaming Milestone
Los Gatos, Saturday, 21 February 2026.
Netflix’s strategy of leveraging A-list talent has delivered a resounding success as the Ben Affleck and Matt Damon thriller ‘The Rip’ exceeds 108 million views in just five weeks. This performance highlights the critical role of star power in sustaining subscriber engagement within a competitive media landscape.
OpenAI CEO Sam Altman Predicts Artificial Intelligence Will Soon Outperform Corporate Executives
San Francisco, Saturday, 21 February 2026.
Altman asserts AI will eventually execute CEO duties better than humans, predicting that by late 2028, data centers will house the majority of the world’s intellectual capacity.
Lakers Appoint Dodgers Executive Lon Rosen as President of Business Operations
Los Angeles, Saturday, 21 February 2026.
The Los Angeles Lakers have appointed veteran sports executive Lon Rosen as their new President of Business Operations, signaling a strategic alignment with majority owner Mark Walter’s vision. Rosen, who previously served as Executive Vice President and Chief Marketing Officer for the Los Angeles Dodgers, replaces long-time executive Tim Harris. This transition underscores an effort to emulate the Dodgers’ robust business infrastructure following Walter’s acquisition of the franchise at a reported $10 billion valuation. In a compelling full-circle moment, Rosen returns to the organization where he began his career as an intern during the 1980s “Showtime” era, tasked now with maximizing the brand’s potential in a rapidly evolving sports landscape.
Janel Grant Alleges WWE Sought Falsified Statement in First Public Address on McMahon Case
Stamford, Saturday, 21 February 2026.
In her first public appearance regarding sex trafficking allegations against Vince McMahon, Janel Grant revealed WWE representatives allegedly pressured her to sign a statement falsely claiming their relationship was consensual. Grant described TKO’s headquarters as filled with “intimidated people,” renewing scrutiny on corporate governance.
OpenAI Slashes Infrastructure Spending Forecast to $600 Billion as IPO Looms
San Francisco, Saturday, 21 February 2026.
OpenAI recalibrated its 2030 infrastructure target to $600 billion, effectively halving previous estimates of $1.4 trillion, marking a pivotal shift in capital strategy as it prepares for a public listing.
Microsoft Gaming Leadership Shake-Up: Phil Spencer Retires as Asha Sharma Takes Charge
Redmond, Friday, 20 February 2026.
In a seismic shift for the video game industry, Phil Spencer has retired as CEO of Microsoft Gaming after 38 years, concluding a tenure that redefined the Xbox brand. He is effective immediately succeeded by Asha Sharma, a former Meta and Instacart executive who joined Microsoft’s CoreAI division in 2024. This massive leadership overhaul also marks the surprise resignation of Xbox President Sarah Bond. While Sharma brings deep technical expertise to the role, her inaugural address notably rejected “soulless AI slop,” promising a continued commitment to human-centric creativity. This transition signals a critical strategic pivot for Microsoft (NASDAQ: MSFT) as it navigates the complex integration of its $75 billion Activision Blizzard acquisition.