Apple is doubling down on its manufacturing presence in the United States. The company announced Monday it’s bolstering a previously announced investment by an additional 20% and adding another 20,000 new jobs. The company said that its investment — now increased to $430 billion — comes as its contributions have “significantly outpaced” its original 2018
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Saturday Night Live made a surprising announcement about an upcoming host, who happens to be none other than businessman, Elon Musk.
Continue ReadingSimone Biles, the most decorated gymnast ever and one of the world’s greatest athletes, is leaving endorsement powerhouse Nike for a deal with Athleta, the athletic clothing unit of Gap Inc. Biles is a significant signing for Athleta’s marketing efforts. She’s the first woman to capture five all-around gymnastic world championship titles, and the winner
Continue ReadingWhen JPMorgan Chase agreed to finance a breakaway competition of some of the world’s richest soccer clubs, it expected some heated discussions. But America’s biggest bank didn’t foresee this: Following massive blowback from fans, the sport’s governing bodies, UK Prime Minister Boris Johnson, French President Emmanuel Macron and even the British royal family, efforts to
Continue ReadingBitcoin and other cryptocurrencies were deep in the red early Friday, selling off over worries that the US government will hike taxes in the near future. Bitcoin dropped below $50,000 per coin for the first time since early March. Bitcoin was down more than 9% at $49,759 early Friday, according to trading platform CoinDesk. The
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There may be a new way to cash-out at store registers in the near future, as Amazon is experimenting with payments made by waving your hand.
Continue Readingccording to the Bureau of Labor Statistics, nearly 10% of American families struggled with unemployment last year–double the number from 2019 when 4.9% of families coped with unemployment.
Continue ReadingGoldman Sachs has just 49 Black executives and senior managers in its US workforce, accounting for about 3% of the total. In a sustainability report published Tuesday, the investment bank revealed data on the racial and gender composition of its US workforce for the first time. The numbers reflect a very low rate of Black
Continue ReadingFresh Acquisitions, the parent company of a restaurant chain that owns several buffet-style concepts, including Old Country Buffet, filed for bankruptcy. The Chapter 11 filing more than a year into the pandemic illustrates the struggles the industry faces, particularly ones that are reliant on buffets. Furr’s Fresh Buffet, Ryan’s, Old Country Buffet, Tahoe Joes Famous
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It has been a turbulent week for Bitcoin — and it’s only Monday. After the cryptocurrency suffered a flash crash on Saturday — plummeting some 14% — it is trying to regain some of the lost ground.
Continue ReadingMcDonald’s is partnering with BTS, the massively popular Korean pop band, for its next celebrity meal — and this time it’s going global.
Continue Readingover for GameStop CEO George Sherman. The video game retailer and meme stock announced Monday that Sherman will be stepping down on July 31 — or earlier if a successor is found.
Continue ReadingDollar General plans to hire 20,000 workers this spring as the discount chain continues its expansion during the pandemic.
Continue ReadingWall Street has been riding high as America’s vaccination program exceeded expectations, lifting prospects of a speedy economic recovery. But a potential major disruption to that campaign overshadowed optimism on Tuesday and investors hit the brakes.
Continue ReadingOne of the world’s oldest and most prestigious newsrooms will be led by a female editor for the first time. Alessandra Galloni will be the next editor of Reuters News, the company announced on Monday. Galloni will succeed Stephen Adler, who said in January that he planned to step down in April. Reuters conducted what
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There’s a new member in the pantheon of the worst-named companies in history. Introducing “Kyndryl.”
Continue ReadingLee Delaney, CEO of BJ’s Wholesale Club, died unexpectedly on Thursday. He was 49. The warehouse chain shared the news in a release on Friday, noting that Delaney passed of “presumed natural causes.” “We are shocked and profoundly saddened by the passing of Lee Delaney,” said Christopher J. Baldwin, executive chairman of BJ’s board of
Continue ReadingSpring has arrived, and America’s services sector is positively booming. As some pandemic restrictions are relaxed and vaccines are put in more arms, pent-up consumer demand is getting released — and that’s helping economic activity in the services sector roar back, according to the Institute for Supply Management‘s monthly report. For March, the group’s index
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