Industries

Consumer

Airbnb Reinvents Itself to Regain Rizz

Photo by Raysonho via CC0 1.0

Aibnb is branching out beyond short term rentals as it faces falling travel demand and regulatory pushback from some cities.

1 min read

(Photo via WPP Media Library)

Media & Entertainment

WPP Slashes Profit Outlook After Sluggish Quarter

WPP issued a reduction of its profit outlook for the second time in consecutive quarters on Thursday, citing major headwinds.

1 min read
(Photo by U.S. Department of Agriculture under Public Domain Mark 1.0)

Autos

GM Sputters Through Latest Earnings Report

The good news is that GM generated about $3.1 billion in profit in the quarter. The bad news is that this is the only good news.

2 min read
(Photo by SpaceX on Unsplash)

Industrials

Elon Musk and the EU are Going to Space Together

The European Space Agency has contracted Elon Musk’s SpaceX to launch navigation satellites next year, The Wall Street Journal reported.

1 min read

Industries

Elon Musk’s Boring Company Gets Bite at Major Amtrak Contract

Photo by Steve Jurvetson via CC BY 2.0

Elon Musk’s Boring Company has held talks with the Federal Railroad Administration about building a multi-billion dollar Amtrak tunnel.

2 min read

Photo by smoothgroover22 under CC BY-SA 2.0

Patent Drop

Apple’s Digital Car Key Patent Hints at Additions to the Walled Garden

Apple never wants you to lose your keys again. The company filed two patents for digital car key pairing.

3 min read
(Photo by Tony Webster under CC BY-SA 2.0)

Industries

Choice Hotels Puts an $8 Billion Merger Squeeze on Wyndham

Choice Hotels International went public on Tuesday with a nearly $8 billion hostile bid to acquire Wyndham Hotels and Resorts.

1 min read
(Photo credit: CDC/Unsplash)

Healthcare

Corporate America is Fretting the Rising Costs of Employee Healthcare

Health insurance costs are expected to surge by as much as 6.5% next year, according to a recent survey from consulting firm Mercer.

1 min read

Healthcare

UnitedHealth CEO Replaced by Predecessor as Stock Plummets

Photo by Chad Davis via CC BY 2.0

UnitedHealth Group has called in its CEO to deal with a Medicare Advantage program that’s crunching margins.

2 min read

Photo by Samantha Borges via Unsplash

Media & Entertainment

The Show’s Over: Is Hollywood Moving Past Peak-TV?

A scale back in production was inevitable to achieve positive cash flow. But can Hollywood’s streaming era survive with fewer new TV shows?

6 min read
(Photo by Czapp Árpád on Pexels)

Consumer

Ikea Slashes Prices Amid Cooling Inflation

On Thursday, Ikea announced that cooling inflation means it can finally return to its customer-friendly ways.

1 min read
(Photo by Kindel Media on Pexels)

Electric Vehicles

Chinese EV Suppliers Look to Tap US Market With a Little Help From Friends

Chinese raw materials companies are cozying up with battery makers in Morocco and South Korea as a way of bypassing US restrictions.

2 min read

Healthcare

Trump Prescribes Deep Discounts for Big Pharma

Photo by Cj via Unsplash

The Trump administration promised to drastically cut prescription drugs prices in the US, where the industry makes most of its money.

2 min read

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