Adek Berry/AFP/Getty Images Indonesia is relocating its capital city from Jakarta to East Kalimantan, a province on the island of Borneo. Jakarta is currently sinking by up to 6.7 inches per year, making it especially vulnerable to sea-level rise. The city also suffers from some of the world’s worst air quality, a problem that’s prevalent […]
Peloton’s IPO filing is a huge milestone for direct-to-consumer brands. Here’s the marketing playbook it used to get there.
Peloton On Tuesday, fitness company Peloton released the documents it had previously filed confidentially for an initial public offering. It’s not just the buzzy bike maker’s losses that have been on the rise — its advertising expenses have been on the upward trajectory as well, up by 114.1% year-over-year between 2018 and 2019. Peloton is arguably […]
Philip Morris and Altria Are in Talks to Merge
With Altria’s investment in Juul, a combination of the tobacco giants would dominate the international market for e-cigarettes. Source: NYT > Business – Sheila Kaplan
Elle Varner Details Latest EP ‘Ellevation,’ Opens Up About Her Artistry & Timely Return to R&B
Back in 2012, Elle Varner was fresh on the scene for avid R&B fans that had never heard a voice like hers. That year she dropped Perfectly Imperfect, an 11-track album that showcased her range, her stunning vocals and her knack for eccentricity. Accompanying her vocals was her unforgettable natural hair and colorful personal style. […]
Jim Cramer breaks down recession fears — ‘I think the yield curve linkage is wrong’
"Until we get some tangible signs that the economy’s picking up, you’re going to have to get used to the market," Jim Cramer says. Source: Business News –
Chinese Currency’s Drop Isn’t Entirely in Beijing’s Control
There’s evidence that the government has been trying to prop up the renminbi, not weaken it drastically. Source: NYT > Business – Matt Phillips