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America

Unilever recalls Dove, Tresemmé, other dry shampoos over cancer risk

Michael Grunwald Oct 27, 2022
Unilever’s recall pertains to products made prior to October 2021. The move once again raises questions about the safety of aerosols in personal-care products. …
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Business Profiles

NFT MUSIC WILL SOON PUT SPOTIFY AND APPLE MUSIC OUT OF BUSINESS

Michael Grunwald Oct 27, 2022
NFT marketplaces allow artists to easily create NFTs that consist of the music Marketing models are changing. And the rise of Web3, compounded by the increasing popularity of…
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Social Media

YouTube’s shrinking ad business is an ominous sign for the battered online ad market

Michael Grunwald Oct 27, 2022
KEY POINTS YouTube revenue declined for the first time since Google started reporting the division’s earnings separately. Alphabet’s total quarterly revenue growth…
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Business Profiles

Zara owner Inditex to transfer Russian business to Lebanese retail

Michael Grunwald Oct 27, 2022
Zara owner Inditex has reached an agreement to sell its Russian business to a Lebanese retail and real estate conglomerate, the Spanish fashion giant said on Tuesday in a statement…
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America

WhatsApp down! Users facing problems in sending, receiving messages

Michael Grunwald Oct 27, 2022
Downdetector, a website that tracks online outages across the globe, has shown a sharp spike in the number of users reporting WhatsApp’s outage. WhatsApp faced its…
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Business Profiles

Google fined Rs 936 crore for unfair business practices, second penalty in 7 days

Michael Grunwald Oct 27, 2022
Search engine giant Google has been fined Rs 936 crore for abusing its dominant position in the Android devices market and indulging in unfair business practices. By…
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Meta

Meta plans to lose even more money building the metaverse while its ads business shrinks

Michael Grunwald Oct 27, 2022
KEY POINTS Meta CEO Mark Zuckerberg sounded flabbergasted at times during a call with analysts explaining his company’s long-term bets. The company said that “Reality Labs…
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Business Profiles

Samsung Q3 profit dragged down as chip business decline by 14%

Michael Grunwald Oct 27, 2022
Samsung said that it now sees a recovery in the second half of 2023, subject to macroeconomic headwinds, led by demand from data center servers. Samsung Electronics Co.’s…
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America

Intel’s self-driving car business, Mobileye, climbs following IPO

Michael Grunwald Oct 27, 2022
Shares in Mobileye, Intel’s autonomous vehicle business, climbed 30% Wednesday following an initial public offering. The deal raised $861 million when shares priced Tuesday at…
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Business Profiles

The slowdown has come for the cloud business

Michael Grunwald Oct 27, 2022
Even cloud giants like Microsoft can't avoid the economic slowdown The economic slowdown has come for tech companies’ big cash cows: the cloud businesses that provide their…
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