Alli Harvey/Getty Images for Spotify, Scott Heins/Getty Images Both Peloton and SoulCycle announced layoffs and store closures on Friday within hours of each other. The move comes as both companies struggle to overcome sales slumps and struggle to regain momentum. Experts told Insider the downsizing was inevitable, and “a reflection of hubris born from success.”…
Monthly Archives: August 2022
This is a preview of a research report from Business Insider Intelligence, Business Insider’s premium research service. To learn more about Business Insider Intelligence, click here. Business Insider Intelligence Digital disruption is rocking the healthcare industry, and key stakeholders — payers, providers, manufacturers, and medical supplies distributors — are all feeling its effects differently. Until…
Nearly nine months after Congress passed President Biden’s $1 trillion infrastructure bill, the federal government has yet to allocate any of the $42.5 billion in funding the legislation set aside for expanding broadband service in underserved communities, according to The Wall Street Journal. Under the law, the Commerce Department can’t release that money until the…
Just a few days after Apple reintroduced a battery percentage icon on the latest iPhones, developer Rony Fadel has updated his popular Batteries app with a new option to enable a similar looking battery percentage icon in the Mac’s menu bar. As on the iPhone, the battery percentage appears inside the battery icon on the…
Automakers and suppliers are breaking ground on battery factories across the United States as they race to go all in on EVs by the end of the decade. Car companies and suppliers such as LG Energy, SK Innovation, Panasonic and Samsung are investing more than $38 billion through 2026 to boost battery production in the…
P Morgan CEO Jamie Dimon looks on during the inauguration of the new French headquarters of US’ JP Morgan bank in June 2021 in Paris. MICHEL EULER/POOL/AFP via Getty Images JPMorgan CEO Jamie Dimon spoke to some of the bank’s wealthy clients on a call Tuesday, Yahoo reported. He said there’s a 20-30% chance of…
Republican Gov. Larry Hogan of Maryland. Brian Witte/AP Gov. Larry Hogan, a Trump critic, said the FBI search of Mar-a-Lago has been a “win” so far. Hogan argued that the search has ginned up GOP base supporters, who still largely back Trump. The Republican governor said he was “happy” to see the Trump search warrant…
Ben Silberstein in 2012 with his dog Zili, and him now Ben Silberstein Former IDF soldier Ben Silberstein trained a dog called Zili and died in a shootout with Palestinian militants. Silberstein took to Facebook to remember the dog but also to highlight a Palestinian girl’s death. “An Israeli dog that is killed captures more…
Olivia Troye, a former homeland security adviser to VP Mike Pence, speaks on MSNBC. MSNBC A former White House adviser said she once found classified documents “in the ladies’ room.” Olivia Troye served as homeland security and counterterrorism adviser to former Vice President Mike Pence. Her comments come days after the FBI raided Trump’s Mar-a-Lago…
New court documents have confirmed that Sony’s PS4 console sold “twice as many” units as Microsoft’s Xbox One during last-gen’s “console wars”. Confirmation comes via Brazilian court papers wherein Microsoft is defending its acquisition of Activision Blizzard in front of the Brazilian competition authority, CADE. As spotted by GameLuster and translated via Google Translate –…