TikTok “shopping hauls” are fuelling a costly surge in people returning online orders, with so-called “serial returners” sending back almost £7bn of items a year.

A strike by its machinists union could end soon, but the company remains in a perilous financial position.

A trifecta of problems, some that started before she took the top job, ended the reign of one of the most powerful women in American business.

(Bloomberg) — Cable companies have long contended with consumers who drop their TV bundles for streaming. But Comcast Corp. and Charter Communications Inc. are also losing subscribers on another front: broadband. Most Read from BloombergInside the ‘Utopias’ of Mexico CityOne City’s Plan to Re-Link a Neighborhood That Robert Moses DividedChicago Should Consider Furloughs, Higher Booze Tax, Watchdog SaysHow Mexico City Averted All-Out DroughtMexico Seeks to Halve Permitting Time to Attract More F

VCs are spending gobs of money on AI startups — especially those run by big names in tech — so SandboxAQ is putting its hand out again, even though it raised a whopping $500 million in early 2023. The spinout from Google parent company Alphabet is reportedly seeking to raise another round that would value it at $5 billion, sources tell Bloomberg. Its last $500 million round, completed in February 2023, had backers like Breyer Capital, T. Rowe Price funds, and Marc Benioff, Reuters reported at the time. SandboxAQ began as Alphabet’s moonshot AI quantum computing unit led by Jack Hidary, also known as a longtime X Prize board member.