More than 15,000 small businesses have been helped though Goldman Sachs' 10,000 Small Businesses philanthropic program, the company tells Axios exclusively.
Why it matters: Entrepreneurship has boomed since the pandemic — as have obstacles to operate.
Why it matters: Brands and retailers are increasingly experimenting with marketing around the holiday, which lands during a typically sluggish quarter relative to Q4.
Cameron and Tyler Winklevoss's crypto exchange, Gemini, agreed to return at least $1.1 billion to its Earn customers through Genesis Global Capital's bankruptcy, or suffer more consequences.
Why it matters: New York's Department of Financial Services is trying to deliver justice to victims — over 200,000 Earn customers, including some 30,000 who live in the state.
Wendy's said Wednesday it will not raise prices when demand is at its highest in response to consumer backlash about the company's plans to test "dynamic pricing," commonly referred to as surge pricing.
Why it matters: A flurry of news articles about the fast-food chain planning to test a new pricing strategy as early as 2025 caused a public relations nightmare for the company.
Coinbase is investigating an issue impacting trading on the exchange, and which is incorrectly showing some user account balances as zero.
Why it matters: The issues on the centralized crypto exchange come on a heavy day of volatility for bitcoin, where the world's oldest cryptocurrency hit its highest levels since November 2021.
This year's most environmentally friendly car is the plug-in hybrid electric Toyota Prius Prime SE, according to a report from the American Council for an Energy Efficient Economy (ACEEE).
Why it matters: The hybrid, which can be driven using nothing but electric power, edged out ahead of the most "green" electric vehicle (EV), the Lexus RZ 300e.
Here's the good news for Donald Trump: His stake in the parent company of Truth Social could be worth more than $3 billion, which is well more than his current legal penalties.
Here's the bad news for Donald Trump: There's yet another hiccup in the belabored effort to take Truth Social public.
The Federal Aviation Administration (FAA) announced Wednesday that Boeing has 90 days to create a plan to address its "systemic quality-control issues."
Sam Bankman-Fried's lawyers are arguing for a five- to seven-year prison sentence for his fraud conviction tied to FTX — over 90 years less than what's been recommended to the judge — because of his autism.
The big picture:His lawyers contend that Bankman-Fried (also known as SBF) never intended to take anyone's money, argue that no money was actually lost, and pointed to his autism diagnosis as reasons for a more lenient sentence.
Bitcoin rallied above $60,000 on Wednesday, riding its bullish momentum to its highest levels since November 2021, as more signs emerge that cryptocurrency's "winter" has ended.
Why it matters: The digital token has gone from strength to strength in the wake of the rollout of bitcoin exchange-traded funds, which have reignited broad interest in the sector.
Disney is merging its India business with India-based Viacom18 as part of a joint venture with Reliance Industries, the company announcedWednesday.
Why it matters: The deal, which the companies are calling a joint venture valued at $8.5 billion, allows Disney to keep a small foothold in a market in which it once had much higher hopes.
Why it matters: These are people who face huge obstacles in landing jobs; that more of them are employed is a sign of a strong labor market, post-pandemic changes, and the rise of remote employment.
Ruth Gottesman has donated $1 billion to the Albert Einstein College of Medicine in the Bronx. The money will be placed in an endowment, the income from which will fund free tuition for all students in perpetuity.
Why it matters: No one but Gottesman, a faculty member and board chair at Einstein who spent her whole career at the institution, would have made this particular donation. But philanthropy by its nature is idiosyncratic, and this gift in particular has the potential to have some very welcome second- and even third-order effects.
Women opened more new home services businesses than beauty businesses in 2023, according to Yelp's report released Wednesday.
Why it matters: The trend is more evidence that the "she-conomy" — economic growth attributed to women and marked by "Barbie," Beyoncé's Renaissance tour and Taylor Swift last year — continues to expand.
