Mars Food announced this week that the Uncle Ben’s line of rice products will soon rebrand as “Ben’s Original,” following renewed criticism that the old image perpetuated racial stereotypes. As the nation reckons with systemic racism, following months of protest, several brands have agreed...
Amazon makes it quite difficult for competitors to promote their products on the e-commerce platform, according to a story in The Wall Street Journal. Per the report, sellers on the online superstore can pay to promote their products, and have them listed at the top of search results. But in cases...
Only days after President Trump and Chinese leaders announced a tentative deal over TikTok, things are becoming muddled. On Saturday, Trump told reporters he had given his “blessing” to a deal that would result in US-based companies Oracle and Walmart becoming partial owners of the video-sharing...
Quibi, the short-form entertainment streaming service, is considering its options as it continues to miss subscriber targets. Now, The Wall Street Journal is reporting that the service, founded by DreamWorks vet Jeffrey Katzenberg and run by former HP exec Meg Whitman, is considering selling the venture. Other...
Only days after software giant Oracle announced it would replace Microsoft as the American buyer for the Chinese-based app TikTok, the Trump Administration has pulled the plug. Starting Sunday, Commerce Secretary Wilbur Ross says the popular video-sharing app will “for all practical purposes, shut down.” The White House will additionally block...
Once upon a time, seeing a movie star in a 30-second TV ad was enough to get viewers to go out and buy the product. But consumers are far more critical these days. The old advertising paradigm of slapping a well-known face on an ad and hoping it will convince...
This Wednesday, the Federal Reserve Bank revealed that it would keep interest rates near zero until the year 2023. The statement is a sign that the Fed anticipates a long, slow recovery from the coronavirus recession.  Interest rates, as set by the nation’s central bank, have been near zero since...
It was more a blizzard than a flurry on Wall Street Wednesday, as Snowflake, the data cloud upstart, experienced the largest initial public offering of any software company in history. During its first minutes of trading, Snowflake soared over 130%, and while its IPO was worth $120, the stock...
Back in June, the Justice Department failed to stop John Bolton, the former national security adviser to President Trump, from publishing a tell-all memoir about his time in the chaotic White House. But this week, it launched a criminal inquiry into Bolton and his publisher. The investigation...
Nikola, the electric truck startup, has gained a name for itself in recent years as a rising star in modern transportation. But this week, it looks like the EV disruptor could be short-circuited. Shares of the company were down 8% in pre-market trade on Wednesday,...
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