- 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.
American buyers are house hunting in France, motivated by a strong dollar and spare cash.
Searches for French properties by US-based buyers jumped 37% in the first five months of 2022 compared to the same period last year, according to real estate company Knight Frank, with Paris, Provence, the French Riviera and southwest France among the most sought-after areas.
David Bowie has been named Britain's most influential artist of the last 50 years for his ability to transcend music, film and fashion.
The Starman musician topped the Sky Arts list of 50 influential artists ahead of 12 Years A Slave Oscar-winning filmmaker Sir Steve McQueen and It's A Sin writer Russell T Davies, who revived Doctor Who in 2005.
- just renewed for a third season and garnered a host of Emmy nominations—including Outstanding Comedy Series, Lead Actor (for Martin and Short), and Outstanding Contemporary Costumes. Fans tune in for the chemistry between the leads, the whodunit mysteries, and the impressively curated Upper West Side styling.
- Shoe Lab started in January 2020 as a local cobbler that cleaned Adidas Gazelles for £10 ($12). Now it’s a UK-wide service that fixes up hundreds of pairs of Gucci, Balenciaga, and Louis Vuitton shoes every week.
A Las Vegas bartender coping with a recent cancer diagnosis is fearing eviction. A young professional in Tucson is skipping car payments to afford her higher rent. A researcher in Miami signed the lease for her new apartment sight unseen.
Rental costs in the US are soaring at the
- 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
For decades, US households bailed out the global economy when it needed a consumer of last resort. America’s latest spending spree has come with a sting in the tail.
Stuck at home in the pandemic, people all over the world bought more goods—TV sets, laptops, and exercise bikes, to name a few—at the expense of services such as hotel rooms and gym memberships. The shift was significantly bigger in the US than in other rich countries.
Imagine for a second life before smartphones. Simple tasks—ordering takeout, staying in touch—become frustratingly difficult, never mind dealing with emergencies. In China that’s sort of what it’s like to live without
A Las Vegas bartender coping with a recent cancer diagnosis is fearing eviction. A young professional in Tucson is skipping car payments to afford her higher rent. A researcher in Miami signed the lease for her new apartment sight unseen.
Rental costs in the US are soaring at the
- multibillion-dollar bank scam triggered violent confrontations between protesters demanding their money back and police in Zhengzhou, the capital of Henan province. That scandal is shining a spotlight on China’s troubled rural banking system.
Investigating authorities say that Henan Xincaifu Group Investment Holding Co., the main shareholder of five rural lenders, colluded with bank employees to steal about 40 billion yuan ($5.9 billion) in deposits and investments. They used online platforms to pull in depositors and fabricated lending agreements to transfer the money, the authorities say. (Xincaifu has ceased operations, and the banks involved have asked affected customers to register information with them online in order to
“Please stay clear of the flight line,” warns Keith Hyde, director of U.S. operations for Wing. Safety comes first on these two fenced-off acres at the dead end of Welcome Street in Christiansburg, Va., where Wing has since 2019 been running the first North American drone delivery service. The drones are electric vertical takeoff and landing (eVTOL, pronounced “ev-tol”) aircraft, so instead of a runway, they park on a grid of landing pads that double as charging stations. Three dozen of the pads are arranged on a gravel patch the size of a basketball court, each topped with a QR code large enough for an incoming drone to scan and confirm its touchdown location.
- Bernard Marr, 49, who has degrees in business, engineering, and information technology, is interested in topics such as artificial intelligence and digital transformation. In his online videos about the future of technology and business strategy, the gray-haired consultant and author usually wears a black suit jacket and black T-shirt to offer his take on top industry trends with a calm, instructive delivery. It’s not your typical influencer performance.
And yet 2 million people follow Marr on social media, and he’s attracted big brands looking to drive sales by partnering on his posts, including International Business Machines, Microsoft, and Alphabet’s Google. “It’s always been companies coming to me saying, ‘Do you want to work together? We’ve got these interesting stories to share, and you’ve got an audience,’” says Marr, whose social media content creation takes up a third of his working hours and contributes as much as half of his income.
While right-wing politicians and activists fight to keep all kinds of supposed messages out of children’s education, the Tuttle Twins are trying to build an online audience of budding Milton Friedmans and Friedrich Hayeks.
After at least four people drowned in basement homes during the worst storm to lash Seoul in more than a century, South Korea’s capital city is planning to phase out such dwellings that came to symbolize yawning inequality in the Oscar-winning film “Parasite.”
Seoul is considering banning construction of underground and semi-underground houses after coordination with the government, according to a statement Wednesday. Landlords will be given 10 to 20 years to remove such structures known as “banjiha” homes from existing buildings. As of 2020, about 5% or 200,000 homes in the city were basement or half-basement flats, according to the Seoul Metropolitan Government.
- Inflation and the Great Resignation have forced Amazon, Apple, and other major employers to raise wages in the past year. But for Detroit’s automakers, the bill likely won’t come due until 2023. That’s when
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
Once a week, Adrian Billings drives his white Chevy pickup from his home in Alpine, Texas, to Presidio, a city along the Mexican border. This summer he’s been taking his son Blake, who’s home from college, with him. The drive, through mountains and desert on a two-lane highway across which actual tumbleweeds roll, takes an hour and a half.
Billings is a family doctor, one of only a handful in this part of West Texas. He offers a one-stop shop for his patients’ ailments: heart murmurs, kidney stones, etc. Most of the time he works in Alpine or the nearby city of Marfa. But he makes the weekly drive to Presidio because, without doctors like him, it wouldn’t have medical care. There’s no hospital and no full-time doctor. His clinic, which opened in 2007 with the help of government grants, is the only access residents have to even a local pharmacy.
- 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
- 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.
For three days each week during the month of April in 2014, a seasoned product manager named Lulu Young, an engineering manager named Paul Connolly, and a 24-year-old jewelry salesman named Nick Molnar gathered in a bare, windowless conference room in Melbourne to hash out the features and functionality of a financial product that existed only in Molnar’s head. The goal was to appeal to two constituencies at once: online retailers, who were always eager to convert more virtual browsers into actual shoppers; and consumers, some of whom didn’t have credit cards but, Molnar thought, might still like a way to get their goods first and then pay for them over time.
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