The pandemic changed the heartbeat of urban areas across the U.S.—few more so than the Pike/Pine corridor of Seattle’s Capitol Hill neighborhood. The vibrant-at-all-hours commercial district seemed headed for disaster as the economy shut down in March 2020. People holed up in their apartments, logging on to corporate office jobs at Amazon.com Inc. and other employers that had suddenly gone remote. Restaurants and bars went to takeout. Brick-and-mortar shops tried to make a go of it online. Music venues fell silent.
MBA programs have traditionally been the finishing school for ambitious students, who hand over $100,000 for a year or two of studies that promise to jump-start high-paying careers. That venerable formula is showing signs of strain, according to executive education consultants CarringtonCrisp in London.
The company
- Epic Games Inc.’s president at the time, made a quick joke about how much money his company’s games made from Apple devices. Then he helped run a demo of Infinity Blade II, designed to showcase both Epic’s new game and the power of the latest iPhone’s chip.
It was a public demonstration of a close corporate relationship that has since disintegrated. On May 3 a federal court will begin hearing arguments in a trial centered on Epic’s claims that Apple extracts money from developers by abusing its market power, and Apple’s counterclaims that Epic breached its contract. The financial stakes could extend into the billions of dollars, and the decision may have ramifications for tens of thousands of mobile developers. On April 30 the European Commission charged that Apple’s restrictions on developers had
- Fox News’ streaming service has picked up “Cops,” the long-running reality show that was canceled last year amid heightened scrutiny of police interactions in Black communities.
The show’s 33rd season will premiere on Fox News’ streaming service, Fox Nation, on Oct. 1,
Every company has a genesis story, a tale to give customers and investors something simple to latch onto, even when the business is new or hard to understand. Tech pioneer Hewlett-Packard was started by a couple of electronics tinkerers in a garage. EBay, on its way to introducing the idea of online auctions, had a (made-up) yarn about someone looking for a better way to collect Pez dispensers. Theranos peddled its (allegedly made-up) finger-prick blood test technology with a story about founder Elizabeth Holmes being afraid of needles as a child.
- Glencore Plc in August 2019, he had two big secrets: For a dozen years, he’d paid millions in bribes to African officials and intermediaries. And he was now helping a U.S. Justice Department investigation into the company and numerous former colleagues.
Corruption isn’t exactly unheard of in the extraction and trading of commodities, especially in the developing world. But details of Stimler’s cooperation deal, obtained from the U.S. attorney’s office in Manhattan and which haven’t been reported before, offer a rare opportunity to see how it works — the scale, scope and almost routine nature of such transactions.
Homes in some of the largest U.S. cities just keep getting more expensive.
In Phoenix alone, an index that measures home prices climbed a whopping 29.3% in June from the previous year, as more people move to the city. The measure in San Diego rose 27.1%, while Seattle increased 25%. The index in nine cities jumped 20% or more.
Schmoozing won’t get you anywhere in the CFA program.
To earn the chartered financial analyst certification, Wall Street’s aspiring asset managers need to have a stone-cold mastery of skills like valuing stocks and analyzing financial statements — not after-hours networking drinks that are hallmarks of an expensive MBA program, an alternative path to getting a job.
- Apple Inc. introduced its App Store in 2008, the company’s founder and chief executive Steve Jobs had a message for iPhone app developers. “We are not trying to be business partners,” he
- Barclays Capital in New York when he was tapped to build a business around inflation swaps, contracts that let traders bet on a rise in consumer prices. Ashton says he was a “good enough” trader—the real job was to build a new market by being “an evangelist for the product.”
He became one even though, until recently, he expected inflation to be low and stable. Correctly so: In recent years, the U.S. consumer price index has often grown below 2% annually. Ashton says his measured outlook irritated his bosses at Barclays, who viewed it as an impediment to drumming up business. He thought it didn’t matter: Inflation was an ever-present risk, he was inventing ways to insure against it, and low inflation made it cheap to do so. But while the market grew, and Ashton in 2009 founded an advisory business for hedging large or unusual inflation risks, he remained a voice in the desert crying out that he had rain boots for sale. “The lack of interest was amazing,” he says. “It’s...
In a now-famous 1994 clip from the Today show, Bryant Gumbel asks his fellow hosts, “What is internet, anyway?” They fumble through various answers before a technician behind the camera explains. The hosts still appear confused.
The current crypto discourse feels similar, with everyone jumping to enlighten everyone else, even when they themselves might not fully grasp it. Most eyes glaze at the first mention of “blockchain.” Crypto has already minted entire industries—and whole new ways of getting rich—while most people still can’t tell a token from a Pokémon. There’s Bitcoin and Ethereum and Dogecoin and SafeMoon and Chainlink and Solana and Polkadot and Polygon and Cardano and and and?…
At a small table in an empty retail storefront in Baltimore, Nicole Foster pores over blueprints with her husband, Dwight Campbell, and architect Evan Wivell. For years, Foster and Campbell had made plant-based ice cream from scratch for their lactose-intolerant children. It turned out the public liked it, too. Could
- Amazon.com Inc. is facing a unionization effort at a fulfillment center in Canada, just months after defeating a similar drive in the U.S.
The Teamsters, through a local chapter, filed an application with the Alberta Labour Relations Board to hold a vote on unionizing workers at the company’s facility in Nisku, a suburb of the province’s second-largest city, Edmonton.
Frackers in America’s largest oil field are letting massive amounts of natural gas spill into the atmosphere. Scientists and activists are trying to find the leaks and get them plugged before they cook the planet further.
Before the pandemic, the London street where I live was a rare patch of calm in a noisy city. When the lockdowns of 2020 arrived, that situation flipped like a switch.
When Broadway shut down in March 2020, the cast and crew of the musical Six dispersed, some returning to homes as far away as London, others hanging out in New York City and teaching classes over Zoom. Only the show’s set stayed in place, lit by a single ghost light in the Brooks Atkinson Theatre, a block from Times Square.
For Sipps Maswanganyi, a safari guide with 20 years of experience in the African bush, it was one memorable sighting that sold him on electric safari vehicles.
“I could hear this buffalo panting heavily deep in the bushes,” recalls Maswanganyi, head guide at
When Bitcoin plunged on Tuesday, El Salvador’s President Nayib Bukele tweeted a version of the three words that have become a mantra for meme stock traders: Buy the dip.
This past year, those three words have ricocheted across social media any time a meme asset slumps. AMC shares in freefall? “Buy the dip,” Redditors insist. Crypto taking a slide? Cue a flock of “buy the dip” tweets. A celebrity SPAC is spiraling downward? Telegram groups alight with prods from hopeful buyers.
- rising across the country, the U.S. is struggling to curb the latest, delta-driven surge, as hospitalizations and deaths have steadily climbed. But at least so far, the economy has proved highly resilient. There are many reasons for this, ranging from generous stimulus checks to the Federal Reserve’s commitment to buying bonds and holding interest rates low.
But some interesting new data on the overlap of electoral politics and economic dynamism suggest another reason: The geography of America’s economic engine is heavily concentrated in counties that Joe Biden won in 2020. These counties are much
- Nir Kaissar is a Bloomberg Opinion columnist covering the markets. He is the founder of Unison Advisors, an asset management firm. He has worked as a lawyer at Sullivan & Cromwell and a consultant at Ernst & Young.
In an American economy of winners and losers, it’s clear where Marc Lore falls. He founded two e-commerce startups and sold them for $550 million and $3.3 billion before spending the last five years running
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