Business Insights

A Disney restructuring exercise will see the firing of 7,000 employees very soon and will generate $5.5 billion in cost savings. Walt Disney Co CEO Bob Iger made the announcement on February 8. Massive Disney restructuring exercise The layoffs represent an estimated 3.6% of Disney’s global workforce. Iger also announced that the company will be […]

Can a restaurant discriminate on who should or shouldn’t come in to eat or ban children like what the Nettie’s House of Spaghetti in Tinton Falls, New Jersey did? Well, the New Jersey restaurant will be banning children under the age of 10 to dine inside the restaurant. With the ban comes both indignation and praise […]

Bill Gates burns approximately 1,700 liters of fuel per hour while globetrotting in his $70m Gulfstream private jet. But according to him, he shouldn’t be faulted for that. In an interview with a BBC reporter, Bill Gates maintained that there is nothing wrong or indecent for him to fly around the world on private jets […]

Children could be in danger when using a type of stroller from Baby Trend’s Sit N’ Stand Double and Ultra Strollers. If not careful, these babies can be injured or die. Parents are warned. The Consumer Product Safety Commission announced that there was one dead baby and another one was injured after they were accidentally […]

At Terrapin Care Station dispensary in Aurora, consumers can now buy weed the same way they might buy their favorite chocolates — from a vending machine. Early part of February, Terrapin Care Station installed an Automated Cannabis Experience (ACE), a large machine that facilitates the ordering of marijuana products via touch screen and dispenses them ready to […]

Users are irritated and the complaints are coming in a rush as Twitter seems to be experiencing extensive problems Wednesday and the question is whether this is due to the firing of thousands of workers. People are trying to post but instead got error messages. This is the most serious disruption in the service since […]

“Resign” is what was blatantly written on an ad released by Florida Sen. Rick Scott’s (R) campaign against President Biden whom he called a confused president. In his speech, Biden said in his State of the Union address on Tuesday night that some in the GOP want to “sunset” Social Security and Medicare. “I’m Rick […]

Boeing is planning to retrench some 2,000 employees from its finance and human resource departments this year. The company issued a statement saying, “We expect 2,000 reductions primarily in Finance and HR through a combination of attrition and layoffs. While no one has been notified of job loss, we will continue to share information transparently […]

Elon Musk, Twitter’s new CEO was found not guilty by jurors and not liable for investors’ losses in a fraud trial over his 2018 tweets claiming that he had funding in place to take Tesla private. Musk’s tweets sent the Tesla share price on a rollercoaster ride and was sued by stakeholders who said the […]

Tycoon and Microsoft co-founder Bill Gates does not consider Twitter CEO Elon Musk an authentic philanthropist, urging him to leave his Mars Exploration Musk alone and think of mass vaccination. The software developer-turned-billionaire believes Musk’s self-declared endeavor to save civilization from annihilation by taking over Mars is not a good use of Elon Musk’s fortune, which […]

The childhood home of Princess Diana is on sale. The historic family home known as Dallington Hall in Northamptonshire has hit the market for £995,000. The charming home is adjacent to Dallington Park. The home was formerly owned by Charles Spencer who lived there until he became the sixth Earl of Spencer upon his brother’s […]

A famous YouTuber set out to do all good things but in the end, is accused of exploiting people? Why can’t people see the goodness that other people do? How come there is always an ulterior motive that seems to lurk behind every good deed? Why does Jimmy Donaldson, popularly known as “MrBeast” of YouTube, […]

Popular fast food outlet, McDonald’s is planning to open 1,900 outlets in 2023, of these, more than 400 of the new Golden Arches will be in the United States or in international markets such as Germany, Canada, France, Australia and the United Kingdom. Of the 1,900 new outlets, 900 of them will be in China […]

Amid attacks and criticisms, Twitter’s CEO Elon Musk is moving forward with his plans in introducing a payments feature in the app which gives it a new revenue stream thus making it an “everything app” or rather a super app to its 126 million users. The company has applied for regulatory licenses across the US […]

Famous Twitter honcho Elon Musk expressed regret for spreading an unsubstantiated theory about the brutal assault on Paul Pelosi, husband of former speaker of the House Rep. Nancy Pelosi inside his home last October. The “theory” was disseminated to his 126 million social media followers but also read by non-followers. Sorry Pelosi? “I apologize,” Musk said. However, Musk […]