Donald Trump won’t face the corporate death penalty after all. A New York judge on Friday spared the ex-president that worst case punishment as he ruled in a civil case alleging Trump fraudulently misrepresented financial figures to get cheaper loans and other benefits. Still, Trump got slammed hard, facing big cash penalties, outside supervision of his companies and restrictions … Read more
One major problem for automakers as they transition to electric vehicles is that traditional cars still generally cost less. That matters to everyday car shoppers trying to make ends meet. In China, however, EVs are actually more affordable than gas guzzlers. And increasingly, Chinese EVs are being exported to markets around the world and sold … Read more
Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximize their income and reduce their touring costs. This week began with big news out of … Read more
Jimmy Donaldson aka “MrBeast,” the YouTuber with 239 million subscribers and multiple businesses that bring in between $500 million to $700 million in revenue, isn’t going beast mode with his money, he said. Despite the success of his YouTube channel and various other businesses, Donaldson doesn’t consider himself a rich person, he said in an … Read more
Our take: The Hilton Honors American Express Surpass® Card offers some solid benefits for both frequent and casual travelers alike, and it even provides some harder-hitting perks for bigger spenders like a free annual reward night and Diamond elite status for big spenders. However, people looking for a hotel card with more automatic benefits may … Read more
The verdict is in: ESG is now branded a “dirty word”–and even those who are in favor of DEI policies are now talking about the need for a rebrand. It’s true that capturing so many different concepts under an alphabet soup of acronyms is convenient and lazy. For years, it has allowed both sides to … Read more
Last year alone, David Mitchell paid $16,525 for 12 little bottles of Pomalyst, one of the pricey medications that treat his multiple myeloma, a blood cancer he was diagnosed with in 2010. The drugs have kept his cancer at bay. But their rapidly increasing costs so infuriated Mitchell that he was inspired to create … Read more
One day after Ford CEO said union activity was making him reconsider where the company puts its plants, the United Auto Workers union is threatening a strike at the company’s largest and most profitable factory. The union said Friday that nearly 9,000 workers at the Kentucky Truck Plant in Louisville will strike on Feb. 23 … Read more
Primary Wave Music has announced a partnership with Y.M.C.A hitmakers Village People. The agreement covers the group’s brand, as well as name & likeness rights, plus master recordings and publishing assets. A price for the transaction has not been disclosed. Founded in 1977, Village People have sold more than 100 million records worldwide. Y.M.C.A … Read more
Nike’s CEO John Donahoe blamed himself on Friday while saying the company was laying off more than 1,500 people—cuts that Donahoe said would “reignite our growth.” In a widely reported memo announcing the 2% cut to Nike’s workforce, Donahoe added that he didn’t take the decision to lay off thousands of employees lightly and put … Read more