Business
Why Mark Zuckerberg’s other big bet, outside the metaverse, is Whatsapp for business
Facebook’s new rebrand logo Meta is seen on smartpone in front of displayed logo of Facebook, Messenger, Intagram, Whatsapp and Oculus in this illustration picture taken October 28, 2021. Dado Ruvic | Reuters WhatsApp is already widely popular with U.S. consumers. Now Meta Platforms is turning more attention to building its small business base. The […]
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Some consumers are cutting back on restaurant spending, but CEOs say not all chains are affected
Howard Schultz David Ryder | Reuters Some restaurants are reporting weaker sales or declining traffic in the second quarter, signaling that diners are cutting back on eating out to save money. But CEOs are split on how consumer behavior is changing and whether it’s impacting their companies. McDonald’s Chris Kempczinski and Chipotle Mexican Grill’s Brian […]
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Why creating a horror movie haven on Netflix may be a smart move for the streaming giant
A button for launching the Netflix application is seen on a remote control in this photo illustration in Warsaw, Poland on April 25, 2019. Jaap Arriens | NurPhoto | Getty Images There’s a big money question haunting Netflix. In recent years, the streamer has spent big on flashy, blockbuster-style action movies like “The Gray Man” […]
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Eli Lilly says Indiana’s abortion law will lead the drugmaker to grow in other states
An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021. Mike Segar | Reuters Drugmaker Eli Lilly, one of the biggest employers in Indiana, said that the state’s newly passed law restricting abortions will cause the company to grow away from its home turf. […]
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‘I work just 5 hours a week’: This 39-year-old makes $160,000 a month in passive income—a look at his typical day
I never was the entrepreneurial type. But after losing my job as an audio engineer in 2009, I had to get creative to make ends meet. Thirteen years later, at age 39, I’ve built two online businesses that earns me a combined $160,000 a month in passive income. I also recently published a book, “How […]
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‘Stressed out’ STD clinics struggle to handle surge in monkeypox patients as U.S. outbreak grows
Dr. Emily Drwiega from the University of Illinois Health and Maggie Butler, a registered nurse, prepare monkeypox vaccines at the Test Positive Aware Network nonprofit clinic in Chicago, Illinois, July 25, 2022. Eric Cox | Reuters Dr. Ward Carpenter, co-director of health services at the Los Angeles LGBT Center, said the monkeypox outbreak across the […]
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The lesson for Main Street from the Walmart, Target inventory failures
Filip Radwanski | Lightrocket | Getty Images The retail battle narrative over the past few decades has cited one of two wars: Amazon and e-commerce against the big bricks-and-mortar retailers, and everybody big against small Main Street entrepreneurs. But in the current confusing economic environment — marked by inflation, supply chain bottlenecks and a volatile […]
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Higher prices, skimpier portions and apps — how fast-food chains are changing value deals
Fast-food chains are playing up the value of their burgers, pizzas and tacos as inflation squeezes budgets — but expect higher prices, skimpier portions and more deals enticing people to sign up for rewards programs as companies rethink their value strategies. Citing rising costs, Domino’s Pizza earlier this year raised the price of its Mix […]
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More Americans are working part-time — a potential harbinger of future jobs market instability
Commuters and tourists exit a subway car May 26, 2022 in New York City. Robert Nickelsberg | Getty Images More Americans were working part-time and temporary jobs last month, which may herald future shifts in the shape of what today appears a robust jobs market. Hiring in July easily blew past expectations, suggesting a strong […]
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SpaceX raises another $250 million in equity, totaling $2 billion so far this year
A Starship prototype stands on the company’s launchpad in Boca Chica, Texas on March 16, 2022. SpaceX Elon Musk’s SpaceX raised $250 million in a July equity round, the company disclosed in a securities filing on Friday. The venture has now raised $2 billion so far in 2022. The filing doesn’t specify the sources of […]
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