Business News

The ongoing Twitter battle seems to have come to an end with Elon Musk tweeting, “the bird is freed” last Thursday.  CNBC learned that Twitter CEO, Parga Agrawal, and Financial Chief, Ned Segal, left the company’s headquarters on Thursday and will not return. It was also reported by the Washington Post that the head of policy, trust and safety had been fired.  Here’s a brief breakdown of...

Amazon announced on Tuesday that they are introducing Venmo as a payment option.  Starting Tuesday, select customers will be able to make payments through Venmo on Amazon platforms. All U.S.-based customers will have access to the new payment option by Black Friday and the holiday season.  TechCrunch explained how Amazon users can now pay through Venmo. “To pay through Venmo, users will need to first add their...

On Wednesday, Bed Bath & Beyond announced that interim CEO, Sue Gove, would take on the position permanently.  The company named Gove interim CEO in June after Mark Tritton, former CEO, made his exit. According to Bed Bath & Beyond’s website, “Gove has been an Independent Director of Bed Bath & Beyond Inc. since May 2019. Throughout her tenure, Sue served two years as a member...

In a statement on Tuesday, Adidas officially announced the ending of its partnership with Ye, also known as Kanye West, effective immediately.  Adidas is following suit with many other companies that severed ties with West this month after a slew of antisemitic comments and hate speech. According to a statement made by Adidas, the company explained it “does not tolerate antisemitism and any other sort of...

All-purpose cleaner is expected to eliminate bacteria, not spread it. Around 37 million bottles of Pine-Sol cleaning products have been recalled due to the risk of containing bacteria harmful to individuals with compromised immune systems. No injuries have been reported yet. According to CNN Business, the following products have been recalled: Pine-Sol scented multi-surface cleaners (lavender clean, sparkling wave and lemon fresh scents) CloroxPro Pine-Sol all-purpose cleaners...

This year, the avian flu, inflation and shortages are raising the prices of turkeys and making them harder to find.  The avian flu, tragically, has wiped out 3.6 percent of the nation’s turkeys (7.3 million birds) this year, according to The New York Times. The avian flu is a highly contagious strain of the influenza virus that spreads among different species of domestic and wild birds....

Another update in the months-long journey of President Biden’s student debt forgiveness came on Friday. A United States appeals court temporarily blocked the plan from moving forward.  President Joe Biden first announced his plans to forgive up to $20,000 for borrowers across the country. Since the applications went live in mid-October, 22 million Americans have submitted the form, according to CNBC.  However, after the policy was announced,...

Apple subscribers were hit with an increased subscription fee on Monday for Apple TV+, Apple Music and Apple One…are you surprised? Rising prices have dominated the news this year and we have seen a price increase on almost everything.  Access to Apple TV+ now costs $6.99 compared to the previous price of $4.99 per month. Apple TV has a smaller library of content yet is still priced...

Beyond Meat has made headlines yet again, this time for their newest product: Beyond Steak. Beyond Meat states that its new steak substitute is made from faba bean protein and has a lower saturated fat content than beef steak and contains 21 grams of protein and no cholesterol. According to CNBC, Beyond Steak will be available at “more than 5,000 Kroger and Walmart stores, as well as...

Starbucks announced on Wednesday its plans to sell Seattle’s Best Coffee brand to Nestlé.  In 2018, the two companies set up a partnership called the Global Coffee Alliance. “Nestlé paid roughly $7.2 billion for the right to license packaged coffees, teas, and ready-to-drink (RTD) beverages from Starbucks,” according to The Motley Fool.  Nestlé already owns a long list of food and beverage companies including the Nescafe, Nespresso,...