business
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The country’s oldest department store is going out of business. On Thursday, Lord & Taylor executives announced the retailer has decided to close all 38 of its remaining stores, following financial hardships exacerbated by the global pandemic. “While we are still entertaining various opportunities, we believe it is prudent to simultaneously put the remainder of the stores […]
TikTok CEO Kevin Mayer has resigned just three months after being hired for the role, The New York Times reports. Vanessa Pappas, who is the general manager of TikTok in North America, will replace Mayer in the interim. Prior to his short stint at TikTok, Mayer was the chairman of direct-to-consumer & international division at Disney. “In recent weeks, […]
YoungBoy Never Broke Again is preparing his fans for Top season by continuing to lock in the grip he has on YouTube. On Tuesday, YoungBoy released the video for his latest single “Murder Business.” This visual keeps with the aesthetic that made him a superstar on the site. His muscular raps are accompanied by a lot […]
Hipgnosis Songs announced Monday that the firm has acquired a 50 percent stake in the copyright and writers share in the catalog of RZA, per Billboard. The catalog is comprised of 814 songs, and includes nearly every track from the Wu-Tang Clan, which were primarily produced by RZA. Variety reports Hipgnosis has acquired 42 catalogs […]
Pharrell and Jay-Z have just released their new track “Entrepreneur,” which is a part of Pharrell’s new Time magazine cover package “The New American Revolution.” The track focuses on inequalities Black people face in the business world, and is meant to empower Black entrepreneurs. It echoes some of the important messaging that has been circulating heavily as of late as the country sees a renewed […]
Tesla CEO and SpaceX founder Elon Musk has surpassed Bernard Arnault to become the world’s fourth richest person, Bloomberg reports. Musk cemented himself in the No. 4 spot after his net worth grew by $7.8 billion when shares of Tesla soared 11 percent on Monday. According to a proxy statement obtained by CNBC, Musk has a 20.8 percent stake in the company, which amounts to 38.7 […]
In the wake of their largest American franchisee declaring bankruptcy, Pizza Hut will be closing down nearly 300 of their restaurants in the U.S. This grim news, which had previously been forecasted, comes after NPC International filed for Chapter 11 last month. On Monday, an announcement was made in which it was said that Yum! […]
Lyft and Uber have threatened to suspend services in California if the state forces them to change the employment status of their drivers. The companies made the announcements Wednesday, just days after a California judge granted a preliminary injunction that prohibited Lyft and Uber from classifying their drivers as independent contractors instead of employees. The move was applauded […]
Over the past several years, Spotify has faced plenty of criticism for the way it calculates royalty rates, as a growing number of artists have accused the streaming giant of underpaying. Spotify CEO Daniel Ek addressed the controversy during a recent interview with Music Ally, suggesting many artists were satisfied with their streaming income, but have no incentive to say so […]
The popular social media app TikTok has been considering different ways it can separate itself from the large Chinese technology company that owns it, ByteDance, as a U.S. ban looms. One of those avenues is for American investors to buy out the app. In a statement released by TikTok, they said that keeping the app running is their main […]
