Strong US jobs growth dampens talk of rate cuts
The US economy added 216,000 jobs in December and the unemployment rate was unchanged at 3.7%.
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Peloton shares surge 15% as it partners with TikTok to offer short-form fitness classes, other content
Peloton has launched a partnership with TikTok. Courtesy of: Peloton Peloton launched a partnership with TikTok on Thursday as part of its strategy to change its public perception and attract a broader array of customers as sales and profits fall. The partnership will create a new fitness hub on the social media platform dubbed “#TikTokFitness…
JetBlue Chief Executive to Step Down
The chief executive of JetBlue Airways, Robin Hayes, said on Monday that he planned to step down after nine years in the role and while in the middle of trying to carry out a merger with Spirit Airlines that could reshape the industry, if it isn’t blocked in court. Mr. Hayes will be replaced by…
A Facebook Executive Who Shared An Anti-Muslim Post Has Apologized To Employees
A top Facebook executive in India has apologized to Muslims in the company for sharing a post on her Facebook page that called India’s Muslims a “degenerate community” for whom “nothing except purity of religion and implementation of Shariah matter.” “Dear friends – The intent of my personal Facebook post was not to denigrate Islam,”…
Space Exploration 2.0: What Commercial Space Travel Means for the Economy
For decades, space exploration was the domain of governments. NASA, Roscosmos, and the European Space Agency charted the course of human activity beyond Earth, funded by taxpayer dollars and driven by national pride. But in the 21st century, a new phase has begun—Space Exploration 2.0, led by private companies like SpaceX, Blue Origin, and Virgin…
‘Every detail matters’: Boeing CEO admits mistake as investigators probe midair panel blowout
Boeing CEO Dave Calhoun said the company acknowledges “our mistake,” after a door plug on a 737 Max 9 blew out in the middle of an Alaska Airlines flight, creating a gaping hole in the fuselage and prompting a grounding of that aircraft type by federal regulations. The Federal Aviation Administration grounded the 737 Max…
Michaela Coel Turning Down A $1 Million Netflix Deal Is A Prime Example Of Knowing Your Self-Worth
Looking to salvage the deal before completely giving it the axe, Michaela tried to bargain with Netflix to at least retain five percent of her rights — eventually asking for as little as two percent. There was just silence on the phone. And she said, “It’s not how we do things here. Nobody does that,…
