inflation Companies Used Inflation as an Excuse to Jack Up Prices, and She's Got the Receipts Many businesses have posted rising profits and 70-year-high profit margins since the pandemic. But executives have also talked openly in earnings calls about raising prices, and then saying the increases were due to inflation. And Lindsay Owens and her organization Groundwork Collaborative have the receipts to prove it. She joined LX News to talk about how many businesses are seeing...
black legacy Lauren Simmons Was the 2nd Black Woman to Ever Trade on the NYSE Floor Lauren Simmons was the youngest woman ever, and only the second Black woman, to trade stocks on the floor at the New York Stock Exchange. Now she hosts the Going Public podcast, which tells the stories of companies seeking an initial public offering. Simmons says after her story inspired people who have been left out of Wall Street, she decided...
Business We Should Make More Microchips in the U.S. to Fight the Chip Shortage, Business Leader Says Auto manufacturers like Ford, GM and Fiat Chrysler had to cut vehicle production in 2021 because of a shortage of microchips, which are mostly made in Asia. Constraints on supply led to increased prices and they could go up even more. Some business groups are calling on Congress to fund a plan that would get more chips made in the...
Business Why Are Netflix and Peloton Growing Slowly? You use one subscription while you’re active, and another while you’re (most likely) sitting still. So why are Netflix and Peloton looking so similar right now? Both have experienced slower-than-expected growth of subscribers, and that has led to a dip in the companies’ stock prices, says CNBC’s Julia Boorstin.
climate change To Limit Global Warming, These Industries Need to Change Soon A recent report from the World Resources Institute says many of the world’s industries including energy, transportation and agriculture will need to make serious, systemic changes in order for the world to meet climate goals by 2030. Chloe Demprovsky from Disaster Recovery Institute International explains.
Business White Claw Summer Is Over. The Summer of Too Many Seltzers Is Here After seeing the success of early hard seltzer brands like White Claw and TRULY, many other companies are flooding the shelves with their own spinoffs - but will customers drink up?
rebound Rebound: ‘Sometimes It's Not Up to Us' New partnerships with stores like Target and Ulta, plus a marketing shift, means more demand for Mented products. But you can do everything right and still be set back because of port delays caused by the coronavirus pandemic. Mented CEO KJ Miller and her small team must navigate expansion while continuing to try and raise funds to be able to...
customer service Another Thing That 2020 Made Worse: Customer Service Getting through to a real person to handle a customer service complaint has never been easy. But it’s gotten even more frustrating during the pandemic. An unscientific survey by our partners at NBC Bay Area found that callers looking for help in Spanish were subject to the worst delays. And getting through is only the start of the headache.
rebound Rebound Roundtable: Small Business Owners Discuss Pandemic Struggles, Successes Small businesses have struggled mightily during the pandemic. In the series “Rebound,” small business owners documented their struggles during the pandemic. Now, they have come together to discuss what they learned over the past six months.
purpose over profit Meet the Founder of 4ocean, the Company Pulling a Pound of Trash From the Ocean for Every Product Sold The co-founder of 4ocean is trying to solve a global problem with his growing business: trash in the oceans. Co-founder Alex Schulze said the company is also offering stable ocean-cleaning jobs to local fishermen in countries like Indonesia, Haiti, Guatemala and here in the U.S.
