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Business News

Target is launching a line of plant-based food

Target is launching its own line of plant-based foods as demand continues to grow for meat and dairy alternatives. The new assortment includes more than 30 foods including vegan spreads, almondmilk creamer, oat milk, plant-based dips and meat and chicken alternatives. Target describes the new collection as “on-trend, flavorful, high-quality options at incredible value,” with…

McDonald’s is changing its coffee cups to promote the Covid-19 vaccine

McDonald’s is partnering with the White House to promote vaccination information on its coffee cups as hesitancy grows about taking the potentially life-saving shot. Beginning in July, customers in the United States will see redesigned McCafe cups and delivery seal stickers that features “We Can Do This,” a slogan created by the US Department of…

Here’s where Melinda Gates will focus her multi-billion-dollar fortune after her divorce

Together, Bill and Melinda Gates were one of the richest and most philanthropic couples in the world. After splitting, they will be two of the wealthiest individuals in the world. With decades of philanthropic involvement under her belt, Melinda Gates has become something of a philanthropic role model. And her divorce from Bill Gates opens…

Starbucks has a new Frappuccino for the summer

Starbucks is ringing in summer with a Strawberry Funnel Cake Frappuccino, its first new limited time flavor in more than three years. The new menu item taps into the trend of customers “turning to nostalgic flavors inspired by past experiences” including fairs and amusement parks, the chain said in a statement. The Strawberry Funnel Cake Frappuccino blends strawberry…

Arrest of journalists a litmus test for how Thailand treats those fleeing persecution in Myanmar

Three senior reporters who fled Myanmar for Thailand after the brutal military coup “face certain arrest and persecution” if they are deported following their arrest in Chiang Mai on Sunday, journalist groups say. The three are prominent journalists with the independent Burmese news agency Democratic Voice of Burma (DVB) and were detained in the northern…

China has recorded its slowest population growth in decades, new census reveals

China’s population grew at its slowest rate in decades in the 10 years prior to 2020, according to census data released on Tuesday — a trend that could pose serious issues for the world’s second-largest economy. According to China’s National Bureau of Statistics, the population rose by 5.38% over the past decade — or 72…

India’s Covid-19 catastrophe could make global shortages even worse

A terrifying and record-breaking wave of Covid-19 in India threatens to stall the country’s economic recovery and send shockwaves through several important global industries. Asia’s third largest economy has been struggling for weeks to control the devastating surge. Hundreds of thousands of new cases are reported every day, and economists are rethinking their forecasts for…

Bed Bath & Beyond has a plan to stop losing bargain hunters to Amazon and Target

Bed Bath & Beyond has decided it’s too expensive for some shoppers. It’s trying to change that. The chain has launched a new low-price, in-house brand to compete for bargain hunters who’ve been finding cheaper stuff on Amazon and at Target. The company also wants to expand its private label business, which is more profitable…

NBC will not air the next Golden Globes after diversity controversy

The Golden Globes will not be airing on NBC next year, temporarily ending a decades-long relationship between the network and the Hollywood Foreign Press Association, the nonprofit responsible for the awards. The network announced that it would not carry the show in 2022 after controversy surrounding the Hollywood Foreign Press Association’s lack of diversity and…

NBC will not air the next Golden Globes after diversity controversy

The Golden Globes will not be airing on NBC next year. The network announced that after a controversy surrounding the Hollywood Foreign Press Association’s lack of diversity and questions about the organization’s policies it would not air the show in 2022. “We continue to believe that the HFPA is committed to meaningful reform. However, change…

Crocs is once again donating its shoes to healthcare workers

Crocs is once again stepping up to help healthcare workers during the pandemic. The shoe manufacturer announced that this week, healthcare workers can sign up on the Crocs website to receive a free pair of the shoes. The news comes about one year after the company announced a program to donate 10,000 pairs a day…

Jeff Bezos’ superyacht is so big it needs its own yacht

Today in ultra-billionaire news, Amazon founder Jeff Bezos has purchased a modest 100-foot schooner as he looks forward to a quieter life and hours of reflection on the open seas … LOL, just kidding. The world’s richest man is reportedly buying a boat, though that word feels inappropriately sensible for the monstrosity going to Captain…

US pipeline cyberattack is a ‘wake up call’ for America

Neil Chatterjee, a top federal energy regulator, is calling on energy CEOs to step up their cyber defenses following a ransomware attack that knocked one of America’s most important pipelines offline. “This is a real wake up call,” Chatterjee, a commissioner on the Federal Energy Regulatory Commission, told CNN Business in an exclusive interview Monday.…

Teen Vogue has a new editor in chief, again: NowThis’ Versha Sharma named to role

Teen Vogue has appointed its second new editor in chief this year. Versha Sharma, managing editor of NowThis, is taking the helm of the Condé Nast brand in a position that was going to be filled in March by Alexi McCammond until the fallout over McCammond’s past racist and homophobic tweets. Sharma joined NowThis, a…

Bill and Melinda Gates have been working on their divorce since 2019, WSJ reports

Bill and Melinda Gates have been in the process of getting divorced for two years, according to The Wall Street Journal. On Sunday, the Journal reported that one factor in the demise of the Gateses’ 25-year marriage was revelations that Bill Gates had spent time with Jeffrey Epstein, a convicted sex trafficker of minors, according…

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