(Brands & Consumers)
Manchester United set out a dazzling Davos shop front this week, but insisted its lounge was to entertain clients and partners rather than to attract buyers for the English soccer club. United said in November it was looking at options to either get new investment or explore a potential sale, 17 years after the Glazer…
Usain Bolt, the legendary Jamaican sprinter, was reportedly caught up in a massive employee fraud scheme that resulted in over $1.2 billion in stolen funds from a wealth management company, Stocks and Securities Limited (SSL). Bolt had millions invested with SSL, his manager, Nugent Walker, told Jamaica’s The Gleaner outlet. Stocks and Securities Limited (SSL)…
Dior has named BTS star Jimin as a global brand ambassador, a move that further signals South Korea’s growing importance to the world’s biggest luxury fashion houses. Announcing the partnership via social media Monday, Dior said its appointment “solidifies” the singer’s friendship with the French label, and “continues a bond” with artistic director of menswear…
While still grappling with the fallout from a company he did take private, beleaguered billionaire Elon Musk is now facing a trial over a company he did not. As reported by Aljazeera, long before Musk purchased Twitter for $44bn in October, he had set his sights on Tesla, the electric automaker where he continues to…
Tesla has cut the price of some of its most popular electric cars by thousands of pounds in Europe and the US, in a bid to boost customer demand. The firm faces a difficult global economic outlook and increased competition from other carmakers. The price cuts are in the range of 10% to 13% in…
Apple CEO Tim Cook recommended the company cut his pay this year after shareholders rebelled. As reported by CNN, the world’s largest tech company said it would reduce Cook’s target pay package to $49 million, 40% lower than his target pay for 2022 and about half Cook’s $99.4 million total compensation that he was granted…
A Manhattan jury has said Adidas AG had failed to show luxury brand Thom Browne Inc’s use of stripes on its clothing infringed the sportswear giant’s signature three-stripe trademark. The jury found the fashion house’s parallel stripe designs were not likely to cause consumer confusion with Adidas’ products, ending a trial that began January 3….
T-Mobile is eliminating district and regional territory positions affecting hundreds of stores across the country, a move that is intended to help curb costs at the wireless provider, The Desk has learned. The positions primarily affect regional and district managers who oversee T-Mobile’s retail business, including its corporate-owned stores and authorized retailers, according to people…
The CEO of Brewdog has paid out nearly £500,000 to winners of a competition that misleadingly offered drinkers beer cans made of ‘solid gold’. James Watt said he had made ‘some costly mistakes’ with the 2021 promotion, which saw 50 of the cans hidden inside packs of craft beer. It turned out that the cans…
Beverage giants Coca-Cola and PepsiCo are under preliminary investigation at the Federal Trade Commission over potential price discrimination in the soft drink market as the agency looks to revive a decades-old, but largely dormant law banning the practice, according to four people with knowledge of the probe. The companies’ pricing strategies are being scrutinized under…
Britain’s financial watchdog has fined the UK subsidiary of Nigeria’s Guaranty Trust Bank 7.6 million pounds ($9.3m) for what it says are further failures in its anti-money-laundering systems and controls. “These weaknesses were repeatedly highlighted to GT Bank by internal and external sources, including the FCA, but despite this, GT Bank failed to take appropriate…
A federal agency is considering a ban on gas stoves, a source of indoor pollution linked to childhood asthma. In an interview with Bloomberg, a US Consumer Product Safety commissioner said gas stove usage is a “hidden hazard.” “Any option is on the table. Products that can’t be made safe can be banned,” agency commissioner…
Elon Musk was the second person ever to amass a personal fortune of more than $200 billion, breaching that threshold in January 2021, months after Jeff Bezos. The Tesla Inc. chief executive officer has now achieved a first of his own: becoming the only person in history to erase $200 billion from their net worth….
Customers of US bank Silvergate, which provides cryptocurrency services, have withdrawn over $8bn (£6.7bn) of their crypto-linked deposits. Around two-thirds of the bank’s customers pulled their deposits in the final three months of 2022. The bank has sold $5.2bn in assets to cover the cost and remain liquid. It came as three US regulators warned…
Associate Health Minister Ayesha Verrall has revealed that the Ministry of Health is now seeking public feedback on the proposed regulations in response to rising youth vaping rates as reported by 1News. “We need to strike a better balance – vaping’s useful to help people quit smoking but we don’t want kids to be starting…
Samsung Heavy Industries (SHI) has hired over 40 welders from Indonesia to work at its Geoje Island yard in South Korea as it struggles to recruit skilled workers, the company said in a press release. As reported by Oil & Gas, the contractor said that a total of 41 Indonesian welders arrived to work at…
A bride said she “cried all morning” on her wedding day after she missed the event because of a canceled Southwest flight. Katie Demko, who lives in St. Louis, told Insider that she and her fiancé, Michael, had planned a destination wedding in Belize for Friday. He went to Belize ahead of Demko, and she…
Business magnate Warren Buffett is widely regarded as one of the greatest investors of the modern-day world. His seemingly unmatched and consistent value-investing strategies have earned him the title of Oracle of Omaha. Many of his investing strategies are known, but there is one that is often overlooked yet incredibly important. It’s a lot more…
In a recent partnership between Adidas and Lexus, the hit Wakanda Forever is rendered in car form. Inspired by Black Panther and working with students at Adidas S.E.E.D. (School for Experiential Education in Design), the luxury automaker and the sportswear company have created a version of the Lexus RX 500h F Sport fit for the…
King of Beers and Official Sponsor of the 2022 FIFA World Cup, Budweiser, a product of International Breweries Plc has released the first-ever FIFA World Cup music video shot during the tournament for the theme song, “The World Is Yours To Take”. The one-of-a-kind video features American rapper, singer, and songwriter, Lil Baby along with…
Michael B Jordan has been spotted watching Bournemouth take on Chelsea at Stamford Bridge. As reported by Daily Mail, the Hollywood star is part of the consortium that took over Bournemouth – headed up by American businessman Bill Foley. The game at Stamford Bridge is the Cherries’ first Premier League game since the takeover, as…
Carl Douglas McMillon was born in 1966 in Memphis, Tennessee. When he was 16, his family moved to ‘the birthplace of Walmart’ — Bentonville, Arkansas. During the summer, McMillon worked at the Walmart distribution center unloading trucks. After graduating from the local public high school, McMillon set off for the University of Arkansas in Fayetteville….
Mary Jane Copps founded a consultancy called The Phone Lady 16 years ago to assist businesses in enhancing their employees’ phone abilities. She told Insider, “Gen Z has never had the abilities given to them.” “The telephone was mounted on the wall in every home during my growing up, and we were taught how to…
Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, says bitcoin is a good investment. The billionaire wants the price of the cryptocurrency to fall further so he can buy some more. Meanwhile, he insulted gold investors, calling them “dumb…” Mark Cuban Prefers Bitcoin Over GoldMark Cuban, shared his thoughts…
Prosecutors of the Commodities Futures Trading Commission (CFTC) that filed a lawsuit against former billionaire Sam Bankman-Fried (SBF) have alleged that the crypto exchange’s executives hid $8 billion in liabilities in fake customer accounts, Business Insider reported. SBF’s directed FTX was the world’s second-largest crypto exchange before a liquidity crunch pushed the company into bankruptcy….
Kanye West‘s termination from adidas has reportedly left the sportswear giant in a bit of a bind and stuck with a massive overstock of Yeezy sneakers. According to the Financial Times, adidas is frantically trying to figure out how to shift $530 million worth of the rapper and producer’s once hugely popular shoe. Back in…
Twitter announced that view counts for tweets are now visible on iOS and Android and that they’ll be coming soon to the web (I’ve already started to see them there). The feature lets you see how many times someone has looked at your tweet, or anyone else’s, though there are a few exceptions that we’ll…
The NFL’s “Sunday Ticket” is heading to YouTube. As reported by Yahoo Entertainment, Google and the NFL officially agreed to bring the popular service to YouTube starting next season, the league and YouTube announced in an official statement Thursday. “YouTube has long been a home for football fans, whether they’re streaming live games, keeping up…
Netflix is ratcheting up its efforts to get freeloading viewers to pay up: Starting early next year, it will start charging accounts for password sharing, instituting a system that adds fees for “extra member” subaccounts when people outside one household use the membership. After years of being relatively lax about password sharing, Netflix started testing…
Epic Games, maker of the hit video game “Fortnite,” has agreed to pay a total of $520 million to settle US government allegations that it misled millions of players, including children and teens, into making unintended purchases and that it violated a landmark federal children’s privacy law. As part of the agreement, Epic will pay…
Twitter owner Elon Musk has confirmed that he will step down as the company’s CEO, but only when he identifies a successor, directly addressing for the first time a Twitter poll he created this week in which millions of users voted for his ouster. In a tweet, Musk said he would resign “as soon as…
The Bank of England has unveiled plans to keep a lasting legacy alive with the circulation of new banknotes featuring King Charles III in mid-2024. The United Kingdom’s central bank made the first public announcement on the design in the days leading up to the royal coronation in May. Officials said the king’s picture would…
Is Elon Musk resigning as “chief Twit” or not? That’s the question remaining to be answered this Monday evening, more than 12 hours after an unscientific poll posted by the Twitter CEO resulted in 57.5% of participants voting that he should step down as head of the beleaguered social media company. The move came after…
While people around the globe were watching a thrilling FIFA World Cup final, Twitter decided to drop a bombshell and banned links promoting other social networks. The list currently includes Facebook, Instagram, Mastodon, Truth Social, Tribel, Nostr, and Post. Plus, link-in-bio tools like Linktree and Lnk.Bio are also banned — these services are commonly used…
Twitter’s owner Elon Musk is asking users of the social media platform to vote on his future as its chief executive. In a poll to his 122 million followers, he tweeted: “Should I step down as head… I will abide by the results.” The technology tycoon, who also runs Tesla and Space X, has faced…
Hard Rock International joins fans around the globe in celebration of the world-renowned soccer legend, Lionel Messi, and his first global quadrennial tournament win. As part of an ongoing partnership with the Hard Rock International “LIVE GREATNESS” campaign, Messi teamed up with the brand once again to launch a new retail collection and spin on…
New Twitter owner Elon Musk offered several of the journalists he banned from the social media website earlier this week the ability to return to the platform if they deleted the tweets he falsely claimed shared his “exact real-time” location. The move from Musk came after he posted an unscientific poll on his personal Twitter…
Popular OAP Do2dtun, has taken to his verified Instagram page to call out Nigerian entertainer, D’Banj. Although Do2dtun has not yet provided specific details about the issue, but his message is linked to the N-Power fund fraud that D’Banj was just accused of. Recall that D’banj was arrested and detained last week’s Tuesday after ICPC…
A day after Twitter crafted a new policy to explain its decision to ban an account that tracks Elon Musk’s private jet, the fallout continues. Twitter apparently suspended its open source competitor Mastodon from the service on Thursday afternoon. Just prior to its suspension, Mastodon (@joinmastodon) tweeted a link to the jet tracking account on…
Multi-billionaire Elon Musk has sold another 22 million shares, worth around $3.58bn (£2.9bn), in the electric car maker Tesla. The shares were sold on the Monday, Tuesday and Wednesday this week, according to a filing with a US financial regulator. It brings the total of Tesla stocks sold by Musk over the past year to…
Omar Bailey, the former head of the Yeezy-Adidas Innovation Lab, is gearing up to launch BIPOC-led, L.A.-based footwear prototyping lab and venture studio FCTRY LAb with an initial $6 million tranche round of financing. According to the company, the funding comes from a diverse group of venture capital firms, top professional athletes and angel investors…
Elon Musk has officially lost his spot as the world’s richest person to Bernard Arnault, the Chairman and CEO of French luxury conglomerate, LVMH Moet Hennessy Louis Vuitton as reported by The Whistler. According to the Forbes real-time billionaires list, Bernard Arnault and family are now worth $191 billion while Musk is worth $174.9 billion….
Investors withdrew as much as $3 billion from Binance on Tuesday, according to blockchain analytics firm Nansen, as a deluge of negative headlines about the cryptocurrency industry rattled users of the world’s largest exchange. Andrew Thurman, content lead for Nansen, told CNN that at its peak, Binance saw “as high as $3 billion in net…
Elon Musk joined Dave Chappelle on stage Sunday in San Francisco, home of Twitter’s headquarters where the world’s richest person recently laid off many of its employees. It went about as well as you’d expect. As reported by the CNN, the crowd at the Chase Center loudly booed Musk, who had spent much of the…
Many moto aficionados and fashionistas may not see the connection between Japanese OEM Kawasaki and German apparel brand Adidas, but the stylistic ties go back further than most believe. According to the Adidas website, “the very first ZX design was inspired by Kawasaki back in [1984].” While the ZX500 sneaker drew from Team Green’s sport…
The Federal Trade Commission has sued to block Microsoft’s $69 billion acquisition of Activision Blizzard, challenging one of the largest tech acquisitions in history. The administrative complaint filed by the FTC alleges that the blockbuster deal, which would make Microsoft the third-largest video game publisher in the world, would give Microsoft “both the means and…
A federal judge in California on Wednesday dismissed a lawsuit against reality TV star Kim Kardashian, boxing legend Floyd Mayweather Jr. and others over their role in promoting a cryptocurrency, saying it was not clear that the investors who sued actually saw the promotions. As reported by the CNN, the lawsuit filed in January claims…
PepsiCo has joined the growing list of American employers reducing headcount ahead of an anticipated recession as reported by the HCA Mag. The food and beverage giant plans to eliminate hundreds of corporate jobs throughout North America, The Wall Street Journal reported. The layoffs will impact employees in Chicago, Plano, TX and its headquarters in…
Donald Trump’s real estate company was convicted on Tuesday of carrying out a 15-year-long criminal scheme to defraud tax authorities, adding to the legal woes facing the former U.S. president as he campaigns for the office again in 2024. As reported by Reuters, the Trump Organization – which operates hotels, golf courses, and other real…
Apple has been sued by two women who allege their previous romantic partners used the company’s AigTag devices to track their whereabouts, potentially putting their safety at risk. As reported by CNN, the proposed class action lawsuit was filed in federal court in San Francisco on Monday on behalf of one woman from Texas and…
