Business

Companies cashing in as Americans return to offices

As Americans slowly revert to pre-pandemic life and head back to the office, some companies are finding ways to cash in. One example is the newly announced collaboration between QuickCollect Solutions, a provider of grocery pickup solutions that is powered by Bell and Howell, and supermarket chain Lowes Foods to expand the Lowes Foods To […]

Business

Ride share prices for Uber, Lyft continue to spike nationwide amid driver shortage, high demand

Hailing a ride is becoming increasingly expensive for consumers. As ride-share companies like Uber and Lyft combat driver shortages, prices for rides have spiked 40% nationwide, according to data from Rakuten. The surge is hitting big cities like New York, Los Angeles and Chicago especially hard. Industry analysts say with the economy rebounding and travel […]

Business

Tesla to launch high-end Model S ‘Plaid’

It is delivery day at Tesla. The anticipated event introducing the Tesla Model S Plaid takes place Thursday, rescheduled from June 3. The delay was due to the Plaid needing “one more week of tweak”, according to Tesla CEO Elon Musk said in a tweet. Musk claims the Model S Plaid is the “quickest production […]

Business

Bitcoin and other cryptos may be coming to your 401(k) plan soon

Some workers will soon be able to add cryptocurrency investments to their 401(k) plans as part of a new first-of-its-kind partnership between exchange operator Coinbase and investment platform ForUsAll. The new retirement account dubbed the Alt 401(k), allows investors to use up to 5% of their contributions for buying, holding, and selling over 50 cryptocurrencies. […]

Business

Consumer prices surge 5% annually, most since August 2008

U.S. consumer prices increased in May at the fastest annual rate in nearly 13 years as the economic comeback from COVID-19 lockdowns continues to build momentum. The Labor Department said Thursday that the consumer price index in May rose 5% year over year, hotter than the 4.7% increase that was anticipated. The reading was above […]

Business

Facebook could unveil new Apple Watch competitor by next summer

Facebook could unveil a new smartwatch similar to the Apple Watch by next summer, according to reports. The watch, which Facebook has yet to officially announce, will be a handy accessory for content-creating Facebook and Instagram users, as it will apparently feature two detachable cameras for taking photos and videos that can then be shared […]

Business

JBS paid $11 million to resolve ransomware attack

JBS USA Holdings Inc. paid an $11 million ransom to cybercriminals who last week temporarily knocked out plants that process roughly one-fifth of the nation’s meat supply, the company’s chief executive said. The ransom payment, in bitcoin, was made to shield JBS meat plants from further disruption and to limit the potential impact on restaurants, […]