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
New innovations are being developed every day, and companies are placing big bets on whether their products will be the future. Apple’s Vision Pro or Elon Musk’s Neuralink are two examples of that today. But what’s in common behind virtually every major decision being made at businesses small and large—and across industries: the reliance on … Read more
It should come as no surprise that big business decisions are made every single day at companies small and large. It is also well assumed that the best big decisions are ones with evidence and back them up—in the form of data. But how does data go from being raw information like surveys and click-through … Read more
Timing matters. When it comes to timing the transition to electric vehicles, several Japanese automakers may be getting it just about right—despite appearing to be late to the game at first. Rather than rush headlong into EVs, Toyota, Honda, and Mazda have focused on hybrid vehicles as a more practical transition—to great success. They’ve each … Read more
For years, Target has leaned into its faux-French nickname “Tar-jay,” marketing itself as an elevated-yet-affordable retailer. But Target’s new “dealworthy” brand, which includes items from jumbo cotton balls to boxer briefs, could call that strategy into question. The retailer introduced the budget-conscious brand on Thursday with nearly 400 products, mostly essentials and apparel, priced mostly … Read more
Three finance professors have ruffled the feathers of one of Wall Street’s most vocal hedge fund managers with a new paper. “Beyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice” estimates that “Americans could realize trillions of dollars in welfare gains” by adopting an “all-equity strategy” for their retirement savings. It’s a serious … Read more
A financially troubled former funeral home owner kept a deceased woman’s body in a hearse for two years at a house where police also found the cremated remains of at least 30 people, authorities said Friday in the latest case to underscore lax oversight of Colorado’s funeral industry. The grisly discovery occurred Feb. 6 during a court-ordered … Read more
The corporate raider Carl Icahn might be on a new streak as of today, his 88th birthday. JetBlue Airways announced on Friday that it had struck a deal to grant seats on the company’s board of directors to two representatives from Icahn’s companies. The lightning-fast JetBlue settlement came just days after utility company American Electric … Read more
Nearly four years after Harvey Weinstein was convicted of rape and sent to prison, New York’s highest court appeared torn at oral arguments Wednesday about potentially overturning the landmark #MeToo-era verdict. Weinstein’s lawyers urged the state’s Court of Appeals to dismiss the disgraced movie mogul’s 2020 conviction, arguing that the trial judge, James Burke, trampled his right to … Read more
Are you navigating the complexities of securing burial insurance as an HIV patient? Finding comprehensive coverage that respects your needs and offers peace of mind for the future can feel like an uphill battle in an uncertain landscape. This guide sheds light on the intricacies of Burial Insurance for HIV Patients, aiming to provide … Read more