Saturday, 30 Nov 2024

Business

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Federal Aid for Closed Cultural Venues Will Be a Race for Cash

In December, Congress created a $15 billion grant fund for clubs and performance spaces, recognizing that thousands of cultural institutions were at risk of closing permanently because there is no safe way to attend a rock concert or Broadway musical in a pandemic. Now comes the hard part: doling out the cash. The list of […]

Energy bills to rise by up to £96 for millions as Ofgem hikes price cap

Around 15 million families will see their energy bills rise by up to £96 after the regulator hiked the price cap. The return to pre-coronavirus levels is mainly as a result of increase in wholesale costs, according to Ofgem. For six months from 1 April the price cap will increase by £96 to £1,138 for […]

Ksenia Solovieva Named Editor in Chief of Vogue Russia

LONDON — Condé Nast Russia has named Ksenia Solovieva editor in chief of Vogue Russia. She will succeed Masha Fedorova, who has decided to step down from the role, the publisher said Wednesday. Solovieva joined Condé in 2007 as beauty director of the local edition of Tatler. She was quickly promoted to deputy editor, and […]

Amazon to Pay Fine for Withholding Tips From Delivery Drivers

Amazon agreed on Tuesday to pay $62 million to the Federal Trade Commission to settle charges that it withheld tips to delivery drivers over a two-and-a-half year period, in a case that highlights the federal government’s increased interest in gig-economy workers. The F.T.C. said in an announcement that Amazon had promised its Flex delivery drivers […]

Uber Buys Drizly, an Alcohol Delivery Service for $1.1 Billion

Uber has acquired Drizly, the alcohol delivery service, in a $1.1 billion deal, the ride-hailing company said on Tuesday. The acquisition is part of Uber’s aggressive push to expand its booming delivery business during the pandemic. The deal, a mix of stock and cash, follows Uber’s recent acquisitions of Postmates, a food delivery service, and […]

Five things to watch in Reddit stocks trading mania

(Reuters) – Silver dropped more than 4% on Tuesday and GameStop Corp sank 33% in early European deals, raising questions about how long a social media-fueled trading frenzy in stocks and other assets would last. The populist trading rally, organized in online forums such as Reddit’s WallStreetBets, has helped attract a flood of retail cash […]

Silver dealers scramble to find supplies for retail buyers

(Reuters) – A retail investment frenzy in silver driven by social media has left dealers from the United States to Singapore scrambling for bars and coins to meet demand.FILE PHOTO: A quality control agent examines a 2013 enhanced silver eagle silver coin at the United States West Point Mint facility in West Point, New York […]

Lifers: Owner reveals history behind Philadelphia's famous Bassett's Ice Cream

Bassetts Ice Cream, a 150-year-old family-run business, has spanned five generations and etched itself into Philadelphia's history as the premier ice cream shop. In the second season's second episode of the AOL original series Lifers, current Owner Michael Strange's great-great-grandfather Lewis Dubois started began making ice cream in Salem, New Jersey in 1861. Bassetts was […]

Wild Workspace: Inside the stunning offices of Ceros

You may not realize it, but your office space is just as important as the work you are doing. According to Jon Fredrik Baksaas, CEO of Telenor, having a well thought out office design can improve communication, accelerate decision making and in most instances, create what he calls "an attacking mindset." And the more tailored […]

Silver Rises With Hype It’s the Next GameStop, but a Backlash Mutes Gains

After the frantic price swings of companies like GameStop and AMC Entertainment tantalized the financial world last week, everyone wondered what the army of internet investors would set its sights on next. The answer, at least briefly, seemed to be silver. Over the weekend, the precious metal experienced a surge of interest along with an […]