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McDonald’s Customers are Starting to Balk at Higher Prices
McDonald's (MCD) had a juicy first quarter, but fat sales and profits aren't guaranteed this year as consumers begin to push back on higher prices for things like Big Macs
Kobe Bryant’s Legacy Lives on as Nike Announces the Return of the Kobe Brand
The tragic passing of the legendary Kobe Bryant, his daughter Gigi, and the helicopter crew in 2020 sent shockwaves through the world. As fans mourned the loss of the basketball
This Brilliant Pink Diamond Sold for About $60 Million
A stunning pink diamond has sold for nearly $60 million, more than twice the expected price. As reported by CNN, the massive rock sold for 453.2 million Hong Kong dollars,
CNN Chairman and CEO Chris Licht is Out
Chris Licht, the CEO and chairman of CNN, has announced his departure from the company after a brief one-year tenure marked by significant missteps. The news was shared with CNN
Netflix’s Ad-Supported Plan Surges to 23 Million Monthly Users
Netflix's ad-supported tier has witnessed a substantial growth, reaching over 23 million monthly active users, according to Amy Reinhard, the streaming service's President of Advertising. This marks an increase of
Wayfair Lays Off 13% of its Workforce Weeks After Telling Employees to Work Harder
Online home goods retailer Wayfair is set to lay off 1,650 employees, equivalent to 13% of its global workforce, as the company faces challenges in sustaining its earlier success during
McDonald’s Reportedly Tells U.S. Staff to Work From Home Over the Next 3 Days So it Can Deliver Layoff Messages Remotely
McDonald’s is closing its U.S. offices and telling U.S. and some international staff to work remotely between Monday and Wednesday as the fast food giant prepares for layoffs. As reported
Birkenstock is Now an $8 Billion Company
The renowned cork-soled shoemaker, Birkenstock, is set to make its highly anticipated debut on the New York Stock Exchange (NYSE) under the ticker symbol BIRK. The company announced that it
YouTube Accused of Failing to Tackle Fake Elon Musk Livestream Scams
Popular video sharing and social media platform, Youtube has received knocks for failing to tackle a network of cyber-criminals streaming fake Elon Musk videos to scam unknowing viewers.The criminals behind
Tesla Reportedly Hired a PR Firm to Monitor Employees on Facebook
Tesla reportedly paid a consultancy firm to monitor employees' Facebook interactions when some workers wanted to form a union at the company's factory in Fremont, California.CNBC cited invoices and "other
FIFA and EA Sports Lock Horns
The battle line appears to be drawn as FIFA takes on EA Sports video game in soccer's new rivalry.For three decades, the Switzerland-based soccer body, FIFA has enjoyed a flourishing,
Crypto Billionaire Novogratz Breaks Silence, Calls Luna ‘Big Idea That Failed’
Mike Novogratz broke his silence on the TerraUSD meltdown, calling it a “big idea that failed” and warning that the tough environment for cryptocurrencies will continue.The founder of Galaxy Digital
New Porsche Mistakenly Put on Sale at Bargain Price in China
Potential car buyers in China have found that an online advert for a luxury sports car was just too good to be true. As reported by BBC, a Porsche dealership
Brazilian Court Fines Apple $19m For Selling iPhone Without Chargers
Apple keeps on losing court battles in Brazil over its decision to stop shipping iPhones with a charger. As reported by The Nigeria Lawyer, a São Paulo state court has
Toblerone Can No Longer Claim to be Swiss-Made
Toblerone bars, sold in over 100 countries, can no longer be called Swiss chocolate because the brand’s US owner is moving some production out of Switzerland. As reported on CNN,
Federal Judge Allows Copyright Infringement Suit Against Elon Musk’s X to Proceed
A federal judge has given the green light for parts of a $250 million copyright infringement lawsuit to move forward against Elon Musk's X, dealing a setback to the social
Morgan Stanley CEO James Gorman to Step Down Within Next 12 Months
Morgan Stanley CEO James Gorman announced at the bank's annual shareholder meeting that he will step down from his position within the next 12 months. While the specific timing of
Spotify CEO Renews Attack on Apple After Musk’s Salvo
Spotify's CEO Daniel Ek renewed his attack on Apple (AAPL.O) on Wednesday in a series of tweets alleging the iPhone maker "gives itself every advantage while at the same time
Nike Could be Left Without Barça and Lamine Yamal in One Fell Swoop
In a surprising turn of events, Lamine Yamal, the rising star in international football, may be on the brink of changing his sponsorship allegiance from Nike to Adidas. The young
Samsung Launches New Galaxy S23 Smartphone Lineup With Improved Camera, Gaming Capabilities
Samsung has launched its latest lineup of flagship Galaxy smartphones, touting a better camera and enhanced gaming features as the South Korean tech giant tries to tempt people to upgrade