Business

“Every company is a software company.” A shift to this mindset in 2023 would benefit any company in any industry, even if it’s more than 100 years old, according to McKinsey. To remain competitive and thrive in a digital world, traditional companies are realizing they need to look, think and act like a software company. I sat down with Jeremy…

A sharp decline in the M2 measure of US money supply could be good news for policymakers in their efforts to bring high inflation under control, said James Bullard, President of the St. Louis Fed. “M2 exploded during the pandemic and correctly predicted we were going to get inflation, and now if you look at the same chart M2 growth…

Morphe Make-up, which led the social media stars’ power to rapid growth and a $2 billion valuation, said it plans to do so vicinity all of its US stores. As of Thursday, the company listed about twenty locations on its website. Forma Brands, Morphe’s parent, did not respond to a request for comment. Morphe also sells through its e-commerce site…

Ticket sales for Walt Disney Co.’s Avatar: The Way of Water has hit the $1.52 billion mark, making it the highest-grossing film released in 2022. The sci-fi epic, directed by James Cameron, grossed $33.8 million worldwide, according to an estimate by Disney on Wednesday. The result puts the film ahead of Paramount Global’s Top Gun: Maverick, the Tom Cruise action…

US prosecutors have accused a Frenchman of defrauding buyers of his non-fungible tokens Mutant Ape Planet. Aurelien Michel, 24, who lives in the United Arab Emirates, falsely promised exclusive rewards and benefits to buyers of the NFTs, which he claimed were aimed at increasing demand for the unique images and increasing their value, US said Attorney Breon Peace in Brooklyn,…

Experts are watching the new Omicron strain XBB.1.5 – dubbed “Kraken” on Twitter – for its potential to trigger the next big COVID wave, its “escape strain” characteristics and its extremely high transmissibility. The World Health Organization’s Technical Advisory Group on Virus Development is working on a risk assessment of the variant that is most communicable to date, Maria Van…

With the UK recession looming, leverage is highly unattractive for CFOs. Some countries will be hit harder by a recession than others as the global economy is expected to contract this year, but the UK is struggling. A financial times A poll released on Monday found Britain is facing a “deeper and more prolonged recession” than any other nation in…

House Republicans struggled through a long second day of unsuccessful voting on Wednesday, unable to elect their leader Kevin McCarthy as House Speaker or develop a new strategy to end the political chaos that has clouded the start of their new majority. But McCarthy not only didn’t give up, he sounded upbeat after canceling a late-night session. “No deal yet,”…

President Joe Biden said the NFL should continue to improve health protections for its players, but Buffalo Bills securing Damar Hamlin’s collapse during a game Monday doesn’t mean the game is too dangerous. “No,” Biden told reporters Wednesday after being asked if pro football was getting too dangerous. “Look, the idea you’re going to have — you’ve got guys who…

President Joe Biden’s visit to a notoriously ramshackle bridge connecting Ohio and Kentucky is an opportunity for him to demonstrate achievements and discuss the merits of bipartisanship while standing shoulder to shoulder with Senate Republican Leader Mitch McConnell rubs. The drive on Wednesday is also about hard cash. “It’s a huge bridge, man,” Biden said this week when asked about…