business news
Peloton is raising subscription fees while cutting prices for its Bikes and other equipment
A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton is hiking the monthly monthly fee for its on-demand fitness content for the first time ever, while it also slashes the prices of its Bike, […]
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The war in Ukraine has caused chaos in agriculture markets, making investing a tricky proposition
The price for wheat, corn and fertilizer has shot higher since the invasion of Ukraine, putting serious pressure on the world’s agricultural system. Source
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Hong Kong’s ‘Mr. Metaverse’ on why he’s placing a big Web3 bet against Mark Zuckerberg
In the evolving metaverse economy, Yat Siu, the founder of a once little-known mobile gaming startup, is becoming known by a nickname: Mr. Metaverse. He’s pivoting his Hong Kong-based company Animoca Brands to help shape Web3 in a way that he says will offer an alternative to the tech giants — from Meta to Microsoft, […]
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Twitter can’t afford to reject Elon Musk’s takeover offer if it’s serious, Wall Street analysts say
Elon Musk offered to buy Twitter and take it private, sending shares higher on Thursday morning. Here’s what Wall Street analysts think of the proposed deal. Source
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Andy Jassy says he doesn’t own bitcoin, says Amazon could one day sell NFTs
Amazon CEO Andy Jassy told CNBC on Thursday he doesn’t own any bitcoin, but that he’s optimistic about the future of cryptocurrencies and nonfungible tokens. “I don’t have bitcoin myself,” Jassy told CNBC’s Andrew Ross Sorkin in a “Squawk Box” interview. “You know, I expect that NFTs will continue to grow very significantly.” “We’re not […]
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Are kids vital to Vegas?
@VitalVegas weighs in on whether kids should come to Las Vegas Source
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Twitter’s CEO warned of distractions days before Musk offered to buy the company
Entrepreneur and business magnate Elon Musk gestures during a visit at the Tesla Gigafactory plant under construction, on August 13, 2021 in Gruenheide near Berlin, eastern Germany. Patrick Pleul | AFP | Getty Images Days before Tesla CEO Elon Musk put in a bid Thursday to buy Twitter for $43 billion, Twitter CEO Parag Agrawal […]
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Citigroup tops earnings estimates on better-than-expected trading revenue
Jane Fraser, incoming CEO of Citigroup. Citigroup Citigroup topped expectations for first-quarter profit and revenue on better-than-expected trading results as Wall Street benefited from surging volatility tied to the Ukraine war. Shares rose 2% in trading on Thursday. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of […]
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Retail sales rose 0.5% in March amid inflation jump; import prices hit 11-year high
Customers pushing shopping carts shop at a supermarket on April 12, 2022 in San Mateo County, California. Liu Guanguan | China News Service | Getty Images Consumers continued to spend in March even as inflation rose to its highest level since late 1981, according to government data released Thursday. Retail sales climbed 0.5% from the […]
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Amazon CEO Jassy just released his first annual shareholder letter since taking over from Bezos
Amazon CEO Andy Jassy on Thursday published his first annual shareholder letter since taking over the helm from founder Jeff Bezos last year. Jassy wrote about the enormous growth Amazon experienced during the coronavirus pandemic, particularly in its core retail business, as people cut their trips to the store and relied on the e-commerce giant […]
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