November 30, 2017

Although many retailers enjoyed a sales boost during Thanksgiving Weekend, no other company can rival Amazon’s stellar start to the holiday season. The e-commerce outlet brought in 45 percent of all online purchases on Thanksgiving along with nearly 55 percent of Black Friday’s total Internet transactions. Plus, Amazon announced that Cyber Monday was the company’s biggest sales day ever, boasting that customers had purchased “hundreds of millions of products” throughout the weekend.

Along with putting Amazon’s huge influence with customers Continue reading

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November 17, 2017

Since Uber’s founding in 2009, the ride-hailing service has relied on tens of thousands of drivers that it considers to be independent contractors. Although this policy has been controversial from the start, executives claim it is a vital component of the company’s historic growth rate. After all, the money that Uber saves from paying employment benefits allows it to charge lower fares. That explanation simply isn’t good enough for many critics, however, who claim the company is depriving drivers of Continue reading

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November 9, 2017

This week a group of investigative journalists released an enormous cache of leaked documents called the Paradise Papers. Like last year’s Panama Papers incident, these records detail the offshore financial activities of some of the world’s richest people and companies. But while 2016’s leak focused mainly on the tax avoidance strategies of foreign entities, the Paradise Papers are full of names that will be familiar to Americans. The video below provides a quick overview of this complex story. Tomorrow, we’ll Continue reading

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October 31, 2017

In the past year we’ve featured a few stories about the Consumer Financial Protection Bureau and how it aims to keep consumers safe from predatory business practices. From collecting consumer complaints to limiting the power of payday lenders, the CFPB was formed to put regular people on somewhat equal footing with big companies. Still, not everyone sees the relatively new government agency this way. Opponents claim the CFPB has too much power to regulate businesses, thus harming both companies Continue reading

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October 27, 2017

Since its founding in 2012, the women’s apparel seller LuLaRoe has grown into a powerful brand despite never stocking its clothes in stores. Instead, the company directly sells items to a team of independent consultants who find customers on their own. These representatives can eventually receive bonuses if they find new consultants to recruit, thus expanding the number of LuLaRoe sellers as well as customers. If you ask executives at the company, this direct selling strategy fits the mold Continue reading

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September 5, 2017

marshall-astorSince Hurricane Harvey made landfall in Texas a couple of weeks ago, the region has been hit with devastating floods that have upended the lives of millions. And although the waters are finally starting to recede in cities like Houston, that just means the serious cleanup work is about to begin. The financial forecasting firm Moody’s Analytics now estimates that Harvey inflicted as much as $108 billion in damage to the region. Thankfully, dedicated volunteers have been working around the Continue reading

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August 15, 2017

crocsWhether you love them or hate them, the foam clogs made by the Colorado-based Crocs are certainly distinctive. They can’t be called “unique,” however, at least according to the U.S. Patent and Trademark Office. A recent ruling from the government agency rejected the patent that Crocs has held on its signature shoes since 2006. Apparently another party had registered a similar design a year before, thus invalidating the original trademark.  

The Patent Office’s decision may finally bring an end Continue reading

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July 24, 2017

wedding-dressFrom now until the end of October, wedding season will be in full swing in the U.S. All over the country thousands of engaged couples are either ready to tie the knot or caught deep in the throes of the planning process. Of course, anyone who has taken part in a wedding knows just how agonizing they can be to organize. Whether it’s last minute cancellations from guests or caterers who can’t find the venue, weddings have a unique way Continue reading

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December 8, 2016

JaminGrayIn 2014 a New York appeals court nearly changed the way that lawmakers deal with cases of insider trading. The dispute centered around two hedge fund managers who passed along confidential information between tipsters like a game of telephone. While the pair had been convicted in their first trial, the decision was eventually overturned upon appeal. This set a precedent for insider trading cases in which the prosecution had to prove that the tipster directly received some sort of compensation Continue reading

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June 23, 2016

Starbucks has long reigned as the king of coffee shops, providing millions throughout the world with their caffeine fix every day. But according to a new lawsuit, those who prefer a latte for their morning pick-me-up may want to take their business elsewhere. The complaint alleges that Starbucks’ latte recipe skimps on steamed milk, ultimately leaving customers with a drink that is smaller than advertised. Although the Seattle-based chain denies these claims, this week a federal judge upheld the suit Continue reading

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