It’s easy to see why Adam Aron is so popular with the meme stock crowd. The eccentric AMC Entertainment Holdings CEO is refusing to take a pay increase in 2023. A few days before the new year, he tweeted that he and his leadership team plan to freeze their salaries as the struggling movie theater chain attempts recovery from pandemic lockdowns.
“No increase for those at…
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A lawyer representing Facebook’s parent company Meta called on a judge to “crack the whip” against a Black South African whistleblower on Monday, requesting a gagging order to prevent him from speaking to the media.
The whistleblower, Daniel Motaung, was paid $2.20 per hour to be a Facebook content moderator in Kenya. He was fired by Facebook’s outsourcing partner,…
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When Sam Bansfield first started working as a material handler at General Electric’s Lynn, Massachusetts plant in 2012, she remembers the noise—the loud clanking of her coworkers in the piece-making wing of the jet engine factory.
Nowadays, she says, the place is painfully quiet. “You can hear everybody,” she says. “There’s no machines running. There…
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A version of this article was published in TIME’s newsletter Into the Metaverse. Subscribe for a weekly guide to the future of the Internet. You can find past issues of the newsletter here.
When Deepica Mutyala partnered her beauty brand with Mattel to launch the first ever South Asian CEO Barbie doll—made in Mutyala’s image—she wanted to make sure it was authentic. Growing up in Sugar Land, Texas, she’d had to navigate both colorism within her South Asian community and Western beauty standards outside of it. (She recalls wearing blue contact lenses and hig…
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The Federal Reserve raised interest rates by a quarter percentage point and signaled six more such hikes this year, launching a campaign to tackle the fastest inflation in four decades even as risks to economic growth mount.
Policy makers led by Chair Jerome Powell voted 8-1 to lift their key rate to a target range of 0.25% to 0.5%, the first increase since 2018, after two years of holdin…
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At least seven large companies filed for Chapter 11 bankruptcy protection in less than 48 hours, a breakneck pace of restructurings that included once-hot digital-broadcaster Vice Media LLC and KKR & Co.-backed Envision Healthcare Corp.
That’s the largest number of filings on record during a two-day period since at least 2008, according to Bloomberg-compiled data on companies wi…
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Dave Horesh always liked the nice round prices on his company’s website: $25, $50, $100 for custom-made fabric banners and pennants in a rainbow array of felts. But by October, vendors for materials like thread, felt, ink and brass grommets had raised prices multiple times in the course of the year, turning a “slow drip” of increased costs into a troubling conundrum. So co-fou…
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Even as our country continues to move past the worst effects of the COVID-19 pandemic, supply chain issues persist, there is growing inflation, labor and wage pressure, and rising interest rates. While Americans work to make sense of all this—and plan around it—lack of financial literacy makes it difficult for many. Over the long run, this lack of knowledge puts the American Dream a…
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Silicon Valley entrepreneur and philanthropist Nicole Shanahan emerged this weekend at the center of a rift between two of the world’s richest men, Sergey Brin and Elon Musk.
Shanahan and Brin have been married for over three years but announced in June they plan to divorce, citing “irreconcilable differences.” The Wall Street Journal reported this weekend that Musk and …
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