By Stacey Stratton 2020 brought new challenges to the way entrepreneurs attract customers, utilize technology, and outperform their competition. Many business leaders have been pushing themselves to the limit to adapt to these changes. Unfortunately, using that approach is exhausting for the mind and body, and counterproductive in finding the most innovative ideas. If you’re…
Singer Rihanna Is Officially a Billionaire, Forbes Says
Pop star Rihanna’s net worth is estimated at $1.7 billion, making her the richest woman musician in the world, but her music is not the primary source of her wealth, Forbes magazine said on Wednesday. The Barbados-born singer, whose birth name is Robyn Fenty, derives an estimated $1.4 billion of her fortune from her 50…
Home Depot Says All Employees Must Mask Up Due to COVID-19
Home Depot became the latest national retailer to re-implement a policy mandating employees wear masks due to COVID-19. The policy will apply to vaccinated and non-vaccinated employees, the firm said this week. “Throughout the COVID-19 pandemic, our number one concern has been for the health and safety of our customers and associates,” the company said…
Service Sector Activity Gauge Hits Record High, Price Index Surges: ISM Report
A measure of U.S. service sector activity surged to a record high in July while an index reflecting prices paid by service industry businesses accelerated sharply, marking another milestone on the path to economic recovery but reinforcing concerns about inflation. The Institute for Supply Management (ISM) said on Wednesday its non-manufacturing activity index climbed from…
Despite Chip Shortage, GM Posts $2.8B Profit, UPS Guidance
August 4, 2021
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DETROIT—Despite a computer chip shortage that temporarily closed some of its factories, General Motors made a healthy $2.8 billion net profit in the second quarter. The earnings came even though GM plants cranked out 200,000 fewer vehicles than they did during the same period in 2019, the last comparable quarter before the COVID-19 pandemic. The…
GM Posts $2.8 Billion Profit, but Cautious Tone Sinks Share Price
August 4, 2021
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DETROIT—General Motors posted a healthy $2.8 billion second-quarter profit Wednesday, but its cautious outlook for the rest of the year spooked investors. The Detroit automaker made the strong profit despite a global shortage of computer chips that have forced it and other companies to temporarily close factories. While GM raised its outlook for the year,…
US Company Executives Rate Home Country as Top Stakeholder: Survey
A global pandemic, supply chain shocks, and rising geopolitical tensions has elevated the importance of national security for business leaders. A new survey showed that company executives in the United States rate home country as a top stakeholder, placing it above shareholders and customers. The day when the companies fixated only on creating long-term value…
Beijing’s Crackdown on Foreign Money Sends Stern Warning to Investors
The Chinese communist regime’s recent sudden changes in laws and regulations governing businesses across multiple industries remain a topic of discussion and debate
Foot Locker Is Buying Sneaker Retailer Atmos, Which Recently Merged With Philly Sneaker Boutique Ubiq
By Damichael Cole From The Philadelphia Inquirer Foot Locker announced Monday in a press release that it is buying two major sneaker store chains for a total of $1.1 billion. The stores are Japanese streetwear brand Atmos and California athletic retailer WSS. Just last November, Atmos merged with popular Philly sneaker boutique, Ubiq. Originally opened…
‘I Don’t Think Businesses Should Take a Political Stance:’ Whole Foods CEO John Mackey
It’s a mistake for corporations to take stances on political issues in the current delicate political climate, Whole Foods CEO John Mackey says. “I don’t think businesses should take a political stance. They should be good citizens in their communities in terms of trying to help solve social problems where they have competence to do…
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