Imagine this: Macy’s just found out someone hid up to $154 million in expenses over the last few years. This mistake was made by a single employee, now gone, who was in charge of accounting for small package delivery costs. The company found out while preparing quarterly results, which showed sales
In a Virginia court, Google is defending itself from the U. S. Department of Justice's claim that its ad tech business is a monopoly. Judge Leonie Brinkema will decide the case by the end of the year. The Justice Department wants Google to sell parts of its ad tech, which earns billions yearly. Both
San Francisco's soon-to-be mayor, Daniel Lurie, has started seeking help from tech giants and business leaders to give his city a much-needed facelift. Among his advisors are OpenAI's Sam Altman and former Twitter CFO Ned Segal. The tech heir, who also founded Tipping Point, aims to make San Francis
Rumble, a video platform with a conservative following, is making headlines for its bold new treasury strategy. The company recently announced that it'll allocate a portion of its excess cash to buy bitcoin, with a cap of $20 million. This move isn't surprising, given the growing interest in cryptoc
The digital economy's growth in China has led to significant job polarization. This means there are more high-skilled and low-skilled jobs, with fewer mid-skilled ones. Researchers have analyzed provincial data from 2010 to 2020 to understand why this happens. They used a method called fuzzy set qua
Earlier this month, Macy's stumbled upon a significant financial hiccup. One of their employees, in charge of small package delivery expense accounting, had been intentionally hiding expenses. This sneaky maneuver led to an underreporting of costs, amounting to anywhere between $132 million and $154
Business leaders are letting out a collective sigh of relief after President-elect Donald Trump picked Scott Bessent to lead the Department of Treasury. Bessent, a 62-year-old hedge fund executive, faced some internal debates before securing the role. His global investment experience and bipartisan
The US Supreme Court has chosen not to review a case brought by major tobacco companies against the Food and Drug Administration (FDA). The companies were arguing that the FDA’s rule requiring graphic health warnings on cigarette packages and ads violates their First Amendment rights. The FDA's rule
A big decision is coming up for Google. A judge in Virginia, U. S. , will soon decide if Google's advertising technology is a monopoly. This isn't just any judge, but Judge Leonie Brinkema, who’s expected to give a written ruling by the end of the year. If she finds Google has done something illegal
In a tale that's unfolding across the United States, Amazon workers are waking up to the power of unity. They're joining forces with the Teamsters Union to fight for better pay, safer conditions, and reasonable hours. Amazon, feeling the heat, is scrambling to escape its duties. The company has been
