Economy

Activists protest the price of prescription drug costs in front of the U.S. Department of Health and Human Services building in Washington, D.C., on Oct. 6, 2022. Anna Moneymaker | Getty Images The Biden administration on Thursday released prices for the first 10 prescription drugs that were subject to landmark negotiations between drugmakers and Medicarea […]

An Amazon delivery drone is on display at Amazon’s BOS27 Robotics Innovation Hub in Westborough, Massachusetts, on Nov. 10, 2022. Joseph Prezioso | AFP | Getty Images Amazon and six other organizations have been selected to take part in a trial looking at expanding the use of drones in the U.K. The country’s Civil Aviation […]

Walmart raised its forecast for the year on Thursday, as quarterly revenue grew nearly 5%, the company’s stores and website drew more visits, and sales outside the grocery department improved. The discounter beat Wall Street’s expectations for sales and profits, and its shares climbed 6% in morning trading. Walmart said it now expects sales to […]

A guided tour in the center of in York, UK, on Friday, June 7, 2024. Bloomberg | Bloomberg | Getty Images The U.K. economy grew by 0.6% in the second quarter of the year, the Office for National Statistics said Thursday, continuing the country’s cautious recession rebound. The reading was in line with the expectations […]

Signage at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Friday, Aug. 2, 2024. Qilai Shen | Bloomberg | Getty Images Alibaba missed top- and bottom-line expectations for the June quarter of 2024 as it continues to face headwinds in its core e-commerce business amid rising competition and a cautious Chinese consumer. Here’s […]

Cristiano Ronaldo stands prior to the Saudi Pro League week 28 soccer match between Al-Nassr and Al-Shabab at Alawwal Park Stadium in Riyadh, Saudi Arabia on May 23, 2023.Mohammed Saad | Anadolu Agency | Getty ImagesSaudi Arabia are signing some of world soccer’s most high profile players this summer — but why is this happening… […]

Dustin Moskovitz, Asana’s co-founder and CEO.AsanaThe typical playbook for a successful tech founder looks something like this.Start a company with full ownership. Sell off significant chunks to venture investors as the business progresses. Eventually become a minority owner. Take the company public. Sell more stock over time.Asana’s Dustin Moskovitz took that playbook and completely rewrote… […]

Costco’s famous $1.50 hot dog and soda combo is more than a great lunch deal.It’s an object of corporate mythology, an inflation-proof icon and, most recently, a TikTok famous T-shirt design.A quick Google search for “Costco hot dog shirt” brings up dozens of results from retailers all over the web with designs featuring the no-frills… […]

In 2016, Mark Lemoine came home from work and told his wife Karla Lemoine he wanted to quit his job and buy a campground.There was a lot on the line: Mark made $200,000 per year working for the Michigan state government, and Karla was a stay-at-home mom. Two of their four children were in college.… […]

Our dependence on smartphones happened swiftly.Smartphone technology was invented in the early 90s, and the first iPhone launched in 2007, the first Android in 2008. By 2010, 35% of Americans owned a smartphone, according to Pew Research. During the next 11 years that percentage would climb to 85%. Saying your smartphone usage is an “addiction” can… […]