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Chinese billionaire Wang Jianlin is hoping Disney will fail miserably with its new theme park set to open in Shanghai next month. Jianlin believes it will take the $5 billion park at least 10 to 20 years to turn a profit. Wang’s Dalian Wanda Group is also in the theme park business, and he says […]
Spotify just became much more competitive with Apple Music, dropping the cost of its family plan to $14.99 for up to six people in a household. Families can now subscribe to Spotify Premium for $14.99 per month and get six different Spotify accounts and profiles. Spotify introduced its family plan in 2014 but sold the […]
Over the years, we have been able to witness commencement speeches from some of the world’s most successful business minds. We have heard some memorable quotes that have inspired young graduates all over the United States. Commencement speeches are great to listen to because while the speaker is directing his or her speech to the […]
In the middle of layoffs that target thousands of current employees, IBM has also posted 20,000 current job openings. The company is in the middle of a transition from its software and services businesses to cloud-based offerings. That means firing employees who haven’t transitioned into the company’s new business while hiring workers who understand the […]
Golfer Phil Mickelson has been named in an insider trading case brought forward by the Securities and Exchange Commission Thursday morning, according to a filing. Mickelson received insider tips from sport bettor Billy Walters, one of the co-lead defendants in the case, regarding Dean Foods. Walters received his information from Dean Foods chairman Thomas Davis, the other co-lead defendant. […]
Duties on Chinese steel have increased by 500% after a spat between the US and China on Wednesday led to a quick increase in the cost of importing the product. Chinese cold-rolled steel is used to make appliances, cars, and electric motors. The cost of importing the steel occurred following a ruling by the US […]
Baseball players make a lot of money. When a player signs a shiny new contract, it’s always fully guaranteed. Giancarlo Stanton of the Miami Marlins is currently playing under a $325 million fully guaranteed contract. What exactly does Stanton get paid all that money for? Simply put; to hit home runs. This season alone he is projected to […]
When Twitter announced in January that it was considering the removal of its 140-character limit, the company’s biggest power users said they would revolt. Now, in place of removing that character limit, the company is planning to no longer include web links or photos in the character count, according to a report by Bloomberg’s Sarah […]
The Obama administration has stepped in to help negotiation terms in the Verizon strike that has lasted for more than a month. US Labor Secretary Thomas Perez said the leaders of the unions that walked off the job on April 13 have agreed “to return to the bargaining table on Tuesday” with Verizon executives “to […]
Anybody who is serious about doing well in the business world knows that they need to always be learning from those who have come before them. We all have read countless business books that each offer their own unique way of selling us on how to prosper in the crazy world of entrepreneurship. But which of […]
Gold climbed above $1,300 a troy ounce on Monday, a move that was helped along by a weak dollar and investment inflows. Gold moved up 0.7% from its previous close to end up at $1,302.13 a troy ounce. The price of gold hovered close to $1,300 earlier in the year, but failed to keep its […]
Buffalo Wild Wings just reported a wildly disappointing first quarter with same-store sales down 1.7%. That despite the fact that the end of the football season and March Madness both occurred in the quarter. Now the company is hoping that a different type of sport can help bolster sales — soccer. “Soccer is a growing […]
