The robot jobpocalypse is already here, if you listen to media reports. Big Tech companies are beefing up their AI division while cutting jobs everywhere else; and AI has been directly blamed for at least 4,600 job cuts last year, with experts predicting the ultimate fallout could number in the millions of workers. But Elon … Read more
There’s an interesting shift taking place in the power dynamic between ‘major’ music rightsholders and DIY aggregators on the world’s largest subscription music streaming service, Spotify. Spotify published its earnings for Q4 and FY 2023 last Tuesday (February 6), revealing that its Premium Subscriber base grew to 236 million paying users in Q4 2023 … Read more
In life, planning for the unavoidable is a responsible step towards ensuring peace of mind for yourself and your loved ones. Two common options for doing such planning may involve prepaid funeral plans and life insurance policies. While both serve the purpose of providing financial help during very hard times and covering your loved … Read more
Uber Eats spent 60 seconds of valuable Super Bowl air time telling people that in order to remember the food and drinks it can deliver, you might have to forget something else to make room. In the ad, Jennifer Aniston forgot about her whirlwind romance on “Friends” with David Schwimmer. Rapper Jelly Roll forgot his … Read more
Although Gen Zers and millennials are generally regarded as anti-capitalist consumers who claim to distance themselves from overconsumption or blind consumerism, there are two things that will stop them in their tracks when making a decision to purchase: celebrities and influencers. Celebrities and influencers create a “coolness” factor that makes it all but irresistible for … Read more
Diamondback Energy Inc. surged more than 10% after agreeing to buy fellow Permian Basin driller Endeavor Energy Resources LP in a $26 billion deal that’ll create the largest explorer focused exclusively on the western hemisphere’s busiest oil field. The agreement swells the value of recent shale takeovers to roughly $150 billion as oil executives scramble … Read more
Are you interested in getting a permanent life insurance plan because you want lifetime coverage for yourself? Well! You might find yourself confused between the options of whole life insurance vs indexed universal life. Both of them are types of permanent insurance which share certain commonalities but also have significant differences between them. Understanding … Read more
Private equity giants have given rainmakers a fresh dose of motivation to deliver cash returns during a deal drought. Carlyle Group Inc. last week followed the lead of larger rivals KKR & Co. and Apollo Global Management Inc. by tying the pay of dealmakers and senior employees more closely to investment outcomes. The firms will … Read more
Private equity funds last year returned the lowest amount of cash to their investors since the financial crisis 15 years ago, according to Raymond James Financial Inc., hampering buyout firms in their efforts to launch new investment vehicles. Distributions to so-called limited partners totaled 11.2% of funds’ net asset value, the lowest since 2009 and … Read more
Online betting on the Super Bowl surged this year, with many gamblers waiting until right before the kickoff to place their wagers, according to a company that tracks the location of internet gamblers. Data released Monday from GeoComply shows that the number of verification checks it carried out over the weekend increased by more than … Read more