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In Peloton competitors with gyms, health app Strava can win
More than 400 hardware devices can connect with Strava, including home-fitness and gym equipment, smart watches and cycling computers and the company says it had more than 1.1 billion activities uploaded to its platform last year. Strava When this year’s Tour de France departed the city of Brest on June 26, most of the 184…
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How delivery behemoth Maersk is navigating the worldwide container disaster
It’s a turbulent time for the shipping industry, which is dealing with surging consumer demand, a shortage of containers and bottlenecks at ports. Maersk, the world’s largest container shipping company, has seen higher volume and record profits as shipping rates have skyrocketed. The Danish shipping firm, whose customers include Walmart and Nike, announced in May that…
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Lordstown Motors confirms DOJ probe into SPAC deal and preorders
Workers install door hinges to the body shell of a prototype Endurance electric pickup truck on June 21, 2021 at Lordstown Motors’ assembly plant in Ohio. Michael Wayland / CNBC Embattled electric vehicle start-up Lordstown Motors has confirmed the Justice Department is investigating its business, including the SPAC deal that brought the company public last…
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Sq. is constructing a decentralized monetary enterprise with Bitcoin
Jack Dorsey creator, co-founder and chairman of Twitter and co-founder and CEO of Square arrives on stage at the Bitcoin 2021 Convention, a cryptocurrency conference held at the Mana Convention Center in Wynwood, Miami on June 4, 2021. Florida. Joe Raedle | Getty Images Payment company Square launches a business that focuses on “decentralized financial…
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The Phoenix Suns enviornment will likely be referred to as the Footprint Middle
Footprint Center outside Source: Suns Legacy Partners & Footprint The Phoenix Suns have a new arena name after agreeing terms and conditions with engineering company Footprint, the parties announced on Friday. The downtown Phoenix complex will be called the Footprint Center. Footprint is an environmentally conscious technology company that aims to eliminate single-use plastic. The…
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Retailers welcome attire inflation after a stagnant decade
Retired retail manager Terry Lundgren told CNBC on Friday that rising inflation will not be a stress point in the apparel market. Lundgren, former chairman and CEO of Macy’s, said the industry is indeed welcoming a “modest” 5% increase in consumer prices after a decade of “nonexistent” apparel inflation. “This is not a big problem…
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AMC settles ‘Strolling Lifeless’ lawsuit with filmmaker Frank Darabont for $ 200 million
Wanderer from “The Walking Dead” Source: AMC AMC Networks has resolved a lengthy legal battle with filmmaker Frank Darabont and the Creative Artists Agency for $ 200 million over the cable owner’s longtime zombie series “The Walking Dead.” That deal comes less than a month before the start of the series’ eleventh and final season.…
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Why the most important wage increase after the pandemic is staff
Businesses across the country are in dire need of workers as economic reopening collides with a tight labor market, but the boom in wage growth for manual workers is ahead of the pandemic. Donna Kauffman, co-owner of a landscaping and construction company in Colleyville, Texas, said a tight labor market had raised her starting wage…
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Navy spouses remedy the unemployment problem with a small enterprise
Supporting a family while your spouse is in the military is not easy. Because military families typically move every two to three years, the spouses are constantly on the move, making it difficult to keep a steady job and pursue a career. “You never know what will happen, you never knew when to move or…
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Uni withdraws supply from a scholar for racist abuse by the English trio
England striker Jadon Sancho (C) is comforted by his teammates after missing a penalty in the UEFA EURO 2020 final between Italy and England at Wembley Stadium in London on July 11, 2021. Laurence Griffiths | AFP | Getty Images A university withdrew an offer from a student after racist abuse against English players after…