Facing some of the highest inflation in the world — some estimates say it’s over 500 percent — Venezuela will be pulling its largest bill from circulation this week as it prepares to introduce new, higher-value notes. The current value of Venezuela’s highest bill on the...
Quarter three, the period that ended Oct. 30, showed Lululemon store sales up 11.3 percent to $393 million. Sales tied to the company’s “Other” segment — typically sourced from sales at the outlet locations — totaled roughly $47 million in the third quarter. Revenue from...
In a global expansion plan, Starbucks looks to add as many as 12,000 store locations over the next five years, including 5,000 cafes in China (a rate of over 2.7 new stores opening every day), and that total buildout will bring the global count up...
Three Taiwanese lawmakers want those caught driving for Uber to be fined as much as NT$25 million ($780,000) and to have their licenses suspended. Uber is currently available in four Taiwanese cities and has been downloaded by over 1 million people in the nation of...
The U.S. Department of Justice, the U.S. Attorney’s Office and the FBI, along with over 40 international organizations, including Europol and Eurojust, recently dismantled a worldwide network of criminal computer servers called Avalanche. But before they could, federal prosecutors and FBI agents reported a business...
Walmart is about to find out in real time if its billions invested in leveling up its eCommerce capacity is making a dent in Amazon’s online dominance. Walmart is catching more customers with its eCommerce efforts, but its online market share dipped down to 4.1...
Fitness technology firm Fitbit is close to acquiring Pebble, the smartwatch maker, with an attendant purchase price of $34 million–$40 million. As part of the deal, Fitbit will get the Pebble portfolio of intellectual property and its operating system, which could help Fitbit expand its product...
There may be too many banking branches in the U.S., say analysts. For every 100,000 U.S. adults, there are about 32 banking branches. Bringing the U.S. branch density closer to what it is in parts of Europe (about 24 banks per 100,000 people) would save...
The U.S. federal government is on track to provide $108 billion or more in debt forgiveness for student loans during the next few years. The move was driven by an increase in enrollment in income-driven repayment plans reducing the amount borrowers have to pay back...
