At the end of February, Wall Street held its breath ahead of Nvidia’s report, fearing that controversial figures could destabilize the stock market. And it exhaled. Nvidia’s net profit for the quarter ended in January rose 80% year-over-year to $22 billion, even though operating expenses rose nearly 50% (profitability declined due to the transition to […]
The Economist writes that Boeing may have hoped that by allocating $1 million to Donald Trump’s inauguration fund, it would strengthen its relationship with the future President of the United States. However, on February 20, he delivered a verdict: “Not satisfied.” His discontent is linked to a contract the American aerospace giant signed during his […]
Entrepreneurs understand how difficult it is to run a business in the EU or UK without an account: partner trust diminishes, currency transactions get more complicated, and, ultimately, profits drop. I’ve heard many such stories, which is why, two years ago, my team and I started developing a versatile payment system that performs 4-in-1 functions, […]
🚘 ❗️ Honda Motor, Nissan Motors, and Mitsubishi Motors have signed a memorandum of understanding to explore Mitsubishi’s potential involvement in a business integration through the creation of a joint holding company. This follows Honda and Nissan’s prior agreement centered on intelligence and electrification. Mitsubishi plans to decide on its participation in the business integration […]
🙅♂️ Yesterday, December 19, the Teamsters labor union launched the largest strike in U.S. history against Amazon. This nationwide action reportedly comes after Amazon repeatedly refused to comply with the law and negotiate with thousands of workers who have joined the Teamsters union. A warning from Teamsters President Sean M. O’Brien (I’ll get to him […]
Nike #NKE exceeded earnings expectations, but the stock dropped for two reasons: the company is retracting its full-year financial forecasts and delaying its first investor day in seven years, which was set for November. On September 19, Nike announced that Elliott Hill would take over as president and CEO, starting October 14, 2024. He mentioned […]
In May, as McDonald’s battled rumors that the chain was charging an outrageous $18 for a Big Mac at locations across the country, company president Joe Erlinger wrote an open letter to Golden Arches customers trying to clarify the inflationary pressures and rising prices. He pointed to several factors contributing to the increased costs of […]
🌀 Hurricane Milton, a Category 3 storm, slammed south of Tampa, affecting a region with 3.3 million residents. Rising ocean temperatures are fueling more intense storms. Earlier this year, experts forecasted the most active hurricane season ever. While the Federal Emergency Management Agency (FEMA), in charge of hurricane relief, reports a funding shortfall, officials claim […]
NYT: From Starbucks to up-and-comers like Scooter’s Coffee, a fierce competition is brewing to create the most outrageous, calorie-packed, barely-coffee drink. Here’s what’s happening ⬇ ☕ Six years ago in Odessa, a West Texas oil town, there were around 17 coffee shops. Today, that number has skyrocketed to about 55. Starbucks alone has eight locations, […]
How does smart product placement work? References to Birkenstock across social media reached their peak last July, coinciding with the release of the blockbuster Barbie.