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Business

Brick-and-mortar casinos set another quarterly revenue record

by Henry Epp
May 18, 2023
Sports wagering revenue is also up 70%, a sign of the gambling industry's strength.
The roulette wheel spins at Caesars Atlantic City in Atlantic City, New Jersey. The gambling industry raked in record profits last quarter, according to new data.
William Thomas Cain/Getty Images
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After three turbulent years, supply chains are finally back to normal

by Henry Epp
May 17, 2023
Three years after the start of the pandemic, inventories are down and supply chains are less volatile.
Shipping containers are loaded onto ships in the Port of Los Angeles.
David McNew/Getty Images
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Google is going all-in to win the AI arms race

by Matt Levin
May 11, 2023
The company's announcement of new AI product offerings this week adds new fuel to the fire.
Alphabet CEO Sundar Pichai delivers the keynote address at the Google I/O developers conference on May 10, 2023 in Mountain View, California.
Justin Sullivan/Getty Images
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Nearly half of small businesses believe the economy won’t improve in the next 6 months

by Ali Budner
May 10, 2023
When it comes to sales, inventory, hiring, credit conditions and more, small business owners are wary.
An April survey conducted by the National Federation of Independent business found that owners are struggling with inflation and other macro-economic issues.
Kena Betancur/Getty Images
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Businesses that serve TV and film productions brace for effects of the writers strike

by Lily Jamali
May 3, 2023
If it's anything like the last writers strike, it could halt production for 100 days.
Writers have been on strike for over twenty days. Streaming and AI big topics of contention between writers and major studios.
Frederic J. Brown/AFP via Getty Images
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How private equity creates a "circle of pain" in the US economy

by Kai Ryssdal and Sarah Leeson
Apr 27, 2023
Private equity "is a major driver of the enormous gulf between rich and poor in this country," says author Gretchen Morgenson.
The private equity firm Blackstone Group, led by Stephen A. Schwarzman (center) is among the top buyers in leveraged buyouts over the last several decades.
Brendan Smialowski/AFP via Getty Images
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With Tucker Carlson out, are Fox News' advertisers back in?

by Lily Jamali
Apr 26, 2023
Whether or not mainstream ad dollars return to Carlson's time slot, the cable news business model isn't likely to change much.
Fox News personalities, including Bret Baier, Martha MacCallum, Tucker Carlson, Laura Ingraham, and Sean Hannity, adorn the front of the News Corporation building in New York City.
Drew Angerer/Getty Images
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When will the tech giants' AI investments start paying off?

by Lily Jamali
Apr 25, 2023
Microsoft and Alphabet both reporting earnings this week. Expect AI to play a big role in their earnings reports.
Jeenah Moon/Getty Images
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Walmart’s store closures in Chicago highlight the challenges of urban big box retail

by Stephanie Hughes
Apr 13, 2023
Walmart says that, collectively, its Chicago stores aren’t profitable. But academics point out they’ll still leave a hole when they’re gone.
A worker collects shopping carts at a Walmart store in Chicago. The company announced the closure of half of its stores in the city this week.
Scott Olson/Getty Images
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What Tupperware’s money problems say about direct selling 

by Stephanie Hughes
Apr 11, 2023
Tupperware's stock tumbled after the company said it needed more capital in order to keep going.
Tupperware's recent stock drop is indicative of larger problems with direct-selling business models.
ustin Sullivan/Getty Images)
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