The Rising Social Costs
Chris Kempczinski, the CEO of McDonald's, stated that the fast food chain is struggling with violent crime, homelessness, and drug overdoses in its Chicago outlets and urged business and elected leaders to find solutions.
Go Deeper (2 min read)Home Sellers Are Getting Scarce
As the housing market cools, more homeowners are delaying their sales, causing the biggest drop in active property listings in more than two years. Due in part to a slowdown in homebuyer demand brought on by higher mortgage rates, homeowners are choosing to stay put.
Go Deeper (2 min read)Tech's Cyber Threats
Uber's internal communications were momentarily hampered by a security breach, providing one of the most glaring examples of how digital businesses with access to the best expertise and resources can still be repeatedly compromised.
Go Deeper (2 min read)Robinhood, Broken Promises?
The Menlo Park, California-based financial services firm Robinhood Markets, Inc. offers commission-free stock trading, exchange-traded funds, and cryptocurrencies using a mobile app that was launched in March 2015.
Go Deeper (9 min read)JPMorgan Moves Further Into FinTech
To counter threats from fintech companies like Stripe and Block, JPMorgan Chase has agreed to buy a payments startup named Renovite.
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Is Inflation Here To Stay?
Markets are surging upward after the Fed's rate rises in the first part of the year devastated them.
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Manufacturers Gradually Moving Out Of China
In order to diversify and increase manufacturing, Apple supplier Foxconn has inked a $300 million memorandum of understanding with Vietnamese developer Kinh Bac City.
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Nubank, South America's Champion
David Vélez, Cristina Junqueira and Edward Wible launched Nubank in 2013 after becoming dissatisfied with the Brazil's banking services. The company secured a $2 million seed investment from Sequoia Capital and Kaszek Ventures.
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Banks Roar Back While Fintech Lenders Struggle
Bank stocks have posted strong outperformance against the S&P500 in recent weeks after a dramatic sell-off in the first half of 2022.
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The Complex Dynamics Of The Streaming Market
Last week, Walt Disney announced a better-than-anticipated 26% increase in revenue thanks to record performance at its theme parks sector and the addition of more new subscribers to its main streaming video platform Disney+.
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Shopify's Growth Comes To A Halt
Shopify's platform is now being avoided by companies hurt by rising prices and decreasing consumer spending, which is impeding its efforts to correct previous errors in overestimating e-commerce demand.
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