While credit cards are ubiquitous in the U.S., they are far less so across Latin America, where people — especially lower-income members of the population — have historically relied on cash for payments. But the market in LatAm has shifted in recent years, and with increased digital adoption, more people are opening their minds to…
Monthly Archives: July 2022
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Alex, Natasha and Mary Ann enjoyed yet another edition of Equity Live this week, hopping on Twitter Spaces to chat everything from Musk’s meme suit to a new take on Wordle that landed Spotify’s attention. When…
In 2021, nearly 50 million Americans quit their jobs, setting a record for resignation rates. Experts call this mass exodus of the workforce “The Great Resignation.” This phenomenon of employees leaving their positions shows no signs of slowing. This year in just March alone, over 4 million American workers said sayonara to traditional 9-5 roles…
Starting a business isn’t easy, which is why it’s important to educate yourself before diving into the world of entrepreneurship. And it appears that more and more of us are making the plunge from the 9-5 to going into business for ourselves. According to Google’s Year in Search 2021, last year, more people searched for…
Cybercriminals have spotted an abandoned WordPress plugin that is vulnerable to a high-severity flaw, and are now on the hunt for any websites using it. Security firm Wordfence found that since July 4, cybercriminals have scanned almost 1.6 million WordPress site in search of the vulnerable plugin. Luckily, only a small portion of websites are…
President Joe Biden speaks about gas prices. Drew Angerer / Getty Images US gas prices have dropped for 30 days straight and are down about 9% from a month ago, AAA data shows. Growing recession concerns have sent US crude oil prices below $100 per barrel. Even with the decline at the pump, gas prices…
Shell CEO Ben van Beurden. Benoit Tessier/Reuters Europe may have to ration energy to cope with declining Russian supply this winter, says Shell CEO. Ben van Beurden predicted “significantly” higher natural gas prices if Putin cuts flows further. Emmanuel Macron has asked French citizens to reduce their energy usage to avoid a difficult winter. Europe…
FREDERIC J. BROWN/AFP/Getty Images US stocks climbed Friday as investors sifted through more earnings results and retail sales data. Citigroup reported earnings that beat estimates on the back of strong trading revenue. Data released Friday showed retail sales jumped 1% in June, more than economists were expecting. US stocks rose on Friday, trying to claw…
Photo by FABRICE COFFRINI/AFP via Getty Images The Spanish government will implement a temporary tax on banks and energy corporations. The tax is meant to combat rising inflation and utility costs, which rose due to the war in Ukraine. The government will make trains free for four months, and increase scholarship stipends for students. While…