Monthly Archives: September 2022

Gopuff execs started grilling managers about bathroom breaks after the $15 billion delivery startup adopted Amazon’s playbook

A delivery driver picking up a Gopuff bag. Hannah Yoon Former Gopuff managers say executives called out managers when employees took bathroom breaks. Gopuff had been hiring Amazon managers over the past few years to remake their operations. Current and former Gopuff managers said Amazon’s management style didn’t fit into the startup. Last year, the…

UK’s Channel 5 aired ‘The Emoji Movie’ instead of the Queen’s funeral

“The Emoji Movie.” Sony Pictures UK network Channel 5 aired “The Emoji Movie” on Monday rather than coverage of Queen Elizabeth II’s funeral. The Queen died on September 8 after a 70-year reign. “The Emoji Movie” is one of the most critically panned movies of the last five years. All of the UK’s major public-service…

The CEO of a major student-loan company says Biden’s loan forgiveness plan has ‘created all types of confusion’ for borrowers

President Joe Biden speaks about student loan debt forgiveness at the White House on August 24, 2022. AP Photo/Evan Vucci Navient CEO Jack Remondi said Biden’s student-loan forgiveness has created “confusion.” He said borrowers with FFEL loans still need additional guidance on steps they need to take to get relief. Currently, the Education Department is…

The dollar can strengthen to new highs if central banks fail to achieve a soft-landing and inflation stays elevated, Bank of America says

Spencer Platt/Getty Images BofA said Fed messaging will impact the dollar this week as the central bank gears up for an outsized rate hike.  Analysts said the dollar can only weaken if US inflation shows it is on a clear downward path.  If the Fed can’t avoid a hard landing of the economy, the dollar…

Adyen brings in Block’s Cash App Pay to drive merchant loyalty

The news: Payment processor and acquirer Adyen will let its US merchants accept online payments via Cash App Pay, per a press release. Adyen will roll out the payment method for brick-and-mortar stores next year. It’s the first merchant services provider to offer Cash App Pay since Block made it available to merchants that don’t use Square. Read the original article…

US gas prices could fall even further after hitting 6-month lows as China steps up its fuel exports, analysts say

US gas prices could be set to fall as China pushes more fuel onto the market, according to Saxo Bank. Joe Raedle/Getty Images China exported almost twice as much gasoline in August as a year ago, customs data showed Monday. Analysts said that could drive down US gas prices at the pump, already at their…