• ?? The work-from-home revolution is also a trap for women Link
    Businessweek Wed 10 Aug 2022 16:43
    , I spent a lot of time talking to women about the realities of their WFH/flex arrangements — which most people are pretty happy with! — but that society is still set up in a way that forces them to become one-woman safety nets:
  • Swatch's MoonSwatch collaboration with sister brand Omega has breathed new life into the Swatch brand Link
    Businessweek Wed 10 Aug 2022 16:38

    When the Swatch was born four decades ago, the plastic timepiece breathed new life into the staid Swiss watch industry, which was struggling to compete with cheap quartz models from Asia. By the early 1990s, Swatch sales soared to about 20 million a year as consumers snapped up the colorful designs that married Swiss-made precision with an affordable fun factor. That boost provided financial cover for the slow-motion comeback of struggling high-end manufacturers (Blancpain,

  • Toymakers are developing products just for adults after grown-ups helped fuel a surge in toy sales during the pandemic Link
    Businessweek Wed 10 Aug 2022 16:33

    Chloe Dykstra’s seven Razor scooters have entertained her throughout the pandemic. During lockdown, she also occupied herself building a Lego typewriter. Now she’s eyeing a Sea-Monkeys Aquarium pet hatching kit. Although the toys were designed for kids, that doesn’t bother Dykstra, a 33-year-old writer and producer in Los Angeles. “Sometimes taking care of yourself looks like going back to childhood a little bit,” she says.

    A cohort of shoppers like Dykstra—dubbed “kidults” by toy industry insiders—have helped US toy sales surge 37% over two years, to $28.6 billion in 2021, according to data tracker

  • Work from home was supposed to be a revolution for women. Instead, many were handed more work Link
    Businessweek Wed 10 Aug 2022 16:17
  • Shein became one of the world's top startups by turbocharging fast fashion—but its business model is becoming the biggest threat to continued success Link
    Businessweek Wed 10 Aug 2022 16:02
    Shein customers, Jaleesa King doesn’t expect the Chinese fast-fashion giant’s clothes to last longer than it takes to post a good selfie on Instagram. The 26-year-old reckons she spends as much as $500 twice a month on about 20 to 30 clothing items she’ll barely wear. “Maybe just once or twice, that’s all,” she says, laughing, as she browses Shein’s San Francisco pop-up shop, a special marketing event for the usually online-only retailer. “If I can get a good picture, definitely at least once.”

    Turbocharging fast fashion’s business model has turned Shein into the face of the industry and one of the world’s top startups. But as

  • RT @wealth: Elon Musk has an estimated $18 billion of cash after his latest Tesla share sales, but he may still need to raise more https://…
    Businessweek Wed 10 Aug 2022 15:17
  • A pair of robbers allegedly used real estate listings and open houses to target the homes of LA's rich and famous, stealing millions of dollars in designer goods Link
    Businessweek Wed 10 Aug 2022 15:07

    In a stunning crime spree, a pair allegedly stole millions of dollars in watches, bags, and other luxury items from celebrities, the fabulously wealthy, and even friends. Their trial begins on Aug. 25.

  • As grocery prices soar, food inflation is hitting people of color much more than others Link
    Businessweek Wed 10 Aug 2022 15:02

    As grocery prices soar, food inflation is hitting people of color much more than other groups.

    Almost 40% of Native American, 32% of Black and 30% of Latino people reported having serious problems affording food, according to a study conducted by the Robert Wood Johnson Foundation with Harvard and NPR. Meanwhile, 21% of White adults said the same.

  • These are the worst US airports for flight cancellations this summer Link
    Businessweek Wed 10 Aug 2022 14:47
  • A rough couple of months has given Mark Zuckerberg the chance to paint his social media and advertising colossus as an underdog Link
    Businessweek Wed 10 Aug 2022 14:37
    swallowing up startups in a nascent field he hopes to dominate. Zuckerberg has used those tactics to great success for more than a decade. I’m talking about his attempt to present
  • As embryos gain new 'personhood' protections, families who rely on IVF are bracing for battle Link
    Businessweek Wed 10 Aug 2022 14:07
    overturned Roe v. Wade and ended the legal right to abortion in America. The next year would be a crucial one for making partner at her law firm, and she already had a 16-month-old daughter at home. Not to mention that, after two years of infertility, followed by the difficult process of IVF and then new parenthood, she’d been looking forward to a relaxing summer: family beach trips, a vacation with her girlfriends, watching her daughter’s budding personality take shape.

  • Coinbase pledged to bring "more economic freedom to the world." But an insider trading allegation highlights some problems with the company's embrace of more volatile currencies Link
    Businessweek Wed 10 Aug 2022 14:02
    banned from engaging in activism at work, he announced, and should refrain from advocating for political and social issues in the office. Anyone who disagreed would be asked to resign, and the only workplace politics allowed in the future would be related to Coinbase’s “mission,” which was “building the most trusted and easiest to use financial products that help people access the cryptoeconomy.” This, he said, would “bring more economic freedom to the world.”

    Armstrong’s message led to some resignations, and tons of media coverage ahead of Coinbase’s public stock listing. Detractors, including former Twitter CEO

  • RT @luxury: These are the worst US airports for flight cancellations this summer Link
    Businessweek Wed 10 Aug 2022 13:47
  • RT @luxury: Britons are booking winter holidays at a faster pace than before the coronavirus crisis, though climbing household bills and a…
    Businessweek Wed 10 Aug 2022 13:47
  • The Rhine River is set to become virtually impassable at a key waypoint in Germany, as shallow water chokes off shipments along one of Europe's most important waterways (via @climate) Link
    Businessweek Wed 10 Aug 2022 13:22

    The Rhine River is set to become virtually impassable at a key waypoint in Germany, as shallow water chokes off shipments of energy products and other industrial commodities along one of Europe’s most important waterways.

    The marker at Kaub, west of Frankfurt, is

  • The crypto industry has spent a combined $2.4 billion on sports sponsorships and endorsements in the last 18 months Link
    Businessweek Wed 10 Aug 2022 13:07

    For fans of professional sports, the insistent overtures from the crypto industry have become almost impossible to miss: The names of exchanges and blockchain companies are emblazoned on team jerseys, plastered on stadiums, and beckoning from halftime TV commercials. They’re talked up by prominent players who enjoy lucrative endorsement deals.

    This nascent band of businesses has moved aggressively since last year to match the advertising muscle of beer brands, carmakers, telecom service providers, and other stalwart sports sponsors.

  • What the oil shocks of the 70s can tell us about today Link
    Businessweek Wed 10 Aug 2022 12:46
    Panic at the Pump was well received when it was first published in 2017, but it’s even more of a must-read today. There are no lines at gasoline stations these days like there were in the 1970s, and no US president would dare go on national television to counsel viewers to turn down their thermostat in winter and drive at lower speeds. But there’s plenty that resonates: Inflation is running at four-decade highs, in part because of
  • Weak digital privacy protections could turn web searches and text messages into post-Dobbs tools of oppression Link
    Businessweek Wed 10 Aug 2022 12:31

    Abortion-rights activists are warning of the consequences of weak digital privacy protections in a post-Dobbs landscape. Even before the decision, law enforcement had been honing tactics that could now be used against people seeking an abortion in states where it’s banned—or beyond.

    Academics have found that searches for

  • Price increases helped plenty of companies report growth. But it's not healthy growth, and it doesn’t really help the economy Link
    Businessweek Wed 10 Aug 2022 12:01
    Kraft Heinz. The details were different in each case—some reported sharp volume declines, and others came in unchanged—but the broad trend was crystal clear: Output growth is dead, prices have been jacked up, and revenue is, as a result, rising moderately.

  • Twitter's shareholders and employees, as well as anyone involved in future acquisitions on Elon Musk’s behalf, are all worse off because of the drama Link
    Businessweek Wed 10 Aug 2022 11:06
    Elon Musk once presented his proposed buyout of Twitter as far more than a business deal. In April he claimed the social network—tiny compared with Facebook or Instagram but beloved by journalists, politicians, and Elon Musk—was “the de facto town square” and crucial to the cause of global freedom. Musk said
  • An ambitious train line in Mexico is being built on fragile ground and threatening the environment — but AMLO is determined to complete it Link
    Businessweek Wed 10 Aug 2022 11:01

    The clear-cut through the forest in Mexico’s southeast is long (the section shown above will be 121 kilometers, about 75 miles), 40 meters (131 feet) wide, and as straight as modern engineering can make it. It’s the right of way for a train—the Maya Train, or Tren Maya, which will run for 1,554 kilometers and connect five states in the Yucatán Peninsula. This is arguably President Andrés Manuel López Obrador’s most ambitious infrastructure project, and he’s vowed, repeatedly, to have it ready by the end of next year.

  • From a state senator to a machine worker, Americans reveal—in their own words—how an abortion changed their life Link
    Businessweek Wed 10 Aug 2022 10:31
    transformational impact the ruling had on the ability of women to join the workforce, build a career, and boost their earning power over the past 50 years. “I believe that eliminating the right of women to make decisions about when and whether to have children would have very damaging effects on the economy and would set women back decades,” Treasury Secretary Janet Yellen told a
  • Dall-E has been a hit online so far, but its creators are just beginning to explore the tool’s practical implications. Link
    Businessweek Wed 10 Aug 2022 10:01
    Wall-E), the software produces original pictures from text prompts of as many as 400 characters or images that users upload. Someone might ask for a portrait of Shrek in the style of the Mona Lisa, or upload a file of the painting Girl With a Pearl Earring and ask Dall-E to imagine it as a behind-the-scenes glimpse at a fashion shoot starring its subject.

    Like many successful products that come from Silicon Valley startups, Dall-E became a phenomenon during a testing period when it was available to only a relatively small group. The hype built with online chatter from early adopters, who documented the highlights on Twitter and Reddit, giving the broader world a taste of what was to come.

  • RT @vladsavov: Smart use of AI: robot arm can restock drink shelves and, over time, learn the pace of sales and which products are most pop…
    Businessweek Wed 10 Aug 2022 09:46
  • A rough couple of months has given Mark Zuckerberg the chance to paint his social media and advertising colossus as an underdog Link
    Businessweek Wed 10 Aug 2022 09:31
    swallowing up startups in a nascent field he hopes to dominate. Zuckerberg has used those tactics to great success for more than a decade. I’m talking about his attempt to present
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