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Business

Why Airlines Make Flights Longer on Purpose

Business

In the 1960s it took five hours to fly from New York to Los Angeles, and just 45 minutes to hop from New York to Washington, DC. Today, these same flights now take six-plus hours and 75 minutes respectively, although...

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Congress Is About to Ban the Government From Offering Free Online Tax Filing. Thank TurboTax.

In one of its provisions, the bill makes it illegal for the IRS to create its own online system of tax filing. Companies like Intuit, the maker of TurboTax, and H&R Block have lobbied for years to block the IRS from...

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MCDONALD’S BITES ON BIG DATA WITH $300 MILLION ACQUISITION

Business

Mention McDonald’s to someone today, and they’re more likely to think about Big Mac than Big Data. But that could soon change: The fast-food giant has embraced machine learning, in a fittingly super-sized way....

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New type of mobile tracking link shoppers’ physical movements, buying choices

Business

Improvements in the precision of mobile technologies make it possible for advertisers to go beyond using static location and contextual information about consumers to increase the effectiveness of mobile advertising...

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HOW WILL BREXIT AFFECT U.S. TRAVELERS?

Business

Brexit is still being negotiated, but the U.K.’s departure from the European Union will undoubtedly have a ripple effect around the world. One issue bringing the reality of Brexit into focus for Americans is travel:...

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MIT Student Put Fast Food Workers on Notice with their Mechanical Kitchen

Spyce is the exciting new restaurant created by four MIT engineering graduates with the help of Michelin-starred chef Daniel Boulud and Sam Benson.  This new Boston restaurant attempts to achieve the cost-effectiveness...

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All the Businesses Apple Wants to Disrupt — and Whether It Can

Business

Apple doesn’t want you to see it as just a hardware company anymore. The maker of the iPhone on Monday announced four new efforts aimed at growing its services revenue as demand for its flagship phone levels...

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Impressive Interview

Business

Recently, a student asked one of us for advice on job interviews. She will be graduating from college soon and is actively seeking a position in her area of expertise (finance). She’s applying for jobs and a few...

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GOOGLE EMPLOYEES UNCOVER ONGOING WORK ON CENSORED CHINA SEARCH

Business

Google employees have carried out their own investigation into the company’s plan to launch a censored search engine for China and say they are concerned that development of the project remains ongoing, The Intercept...

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Google Pay Study Finds It Underpaid Men For Some Jobs

Business

When Google conducted its annual pay equity analysis for 2018, the tech company found something nobody expected: It was underpaying men for doing similar work as women. The underpayment — which flips the typical...

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Big Cities No Longer Deliver for Low-Skilled Workers

Business

Urban jobs that once offered a middle-class life to those without a college degree are disappearing. David Autor, a labor economist at the Massachusetts Institute of Technology, has a record of attacking the biggest...

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Curbs on A.I. Exports? Silicon Valley Fears Losing Its Edge

A common belief among tech industry insiders is that Silicon Valley has dominated the internet because much of the worldwide network was designed and built by Americans. Now a growing number of those insiders are...

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Trying to get people to agree? Skip the French restaurant and go out for Chinese food

Here’s a new negotiating tactic: enjoy a family-style meal with your counterpart before making your opening bid. When people in a business negotiation share not just a meal but a plate, they collaborate better and...

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A world without brick-and-mortar stores? Even avid online shoppers say, ‘no, thanks’

Business

It has been dubbed the “retail apocalypse” — the widespread shuttering of brick-and-mortar stores across America in the wake of online shopping’s skyrocketing popularity. But how do consumers...

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China Announces Punishments for Intellectual-Property Theft

Business

China announced an array of punishments that could restrict companies’ access to borrowing and state-funding support over intellectual-property theft, a key sticking point in its trade conflict with the U.S. News of...

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Paying for Popularity Can Be Fraud

Business

Pay-for-download The internet age has allowed the perfection of this particular fraud: I start a company to sell e-widgets over the internet. I produce e-widgets and sell them for $10. I pay my buddy $10 million to buy...

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Senior Citizens Are Replacing Teenagers as Fast-Food Workers

Business

The sullen teenager grinding through a restaurant shift after school was once a pop culture cliche—as American as curly fries. Nowadays, Brad Hamilton, the teen played by Judge Reinhold in “Fast Times at Ridgemont...

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Lowe’s shuts 51 stores in U.S. and Canada

Business

Home improvement chain Lowe’s Companies Inc (LOW.N) announced the closure of another 51 underperforming stores in the United States and Canada on Monday as it strives to compete with rival Home Depot Inc (HD.N) in a...

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Social media data used to predict retail failure

Business

Researchers have used a combination of social media and transport data to predict the likelihood that a given retail business will succeed or fail. Using information from ten different cities around the world, the...

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Hedge funds burned by short trade as America’s malls refuse to die

Business

For traders betting on the death of America’s malls, being right and making money are proving to be two very different things. Reminiscent of Michael Burry of “The Big Short” fame, these hedge funds have piled...

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EU COMMITTEE APPROVES NEW RULES THAT COULD ‘DESTROY THE INTERNET AS WE KNOW IT’

An EU committee has approved two new copyright rules that campaigners warn could destroy the internet as we know it. The two controversial new rules – known as Article 11 and Article 13 – introduce wide-ranging new...

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Why Big-Box Retailers Target And Kohl’s Are Going Small

Business

While many retail companies are closing stores or closing up shop altogether, some big-box retailers are boosting business by opening new, smaller stores in strategic locations. Target in particular is finding new...

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Tears ‘R’ Us: The World’s Biggest Toy Store Didn’t Have to Die

Business

The early tale of Toys “R” Us brims with ambition, energy, and no small amount of ruthlessness, as creation stories often do. Charles Lazarus had gone from high school straight to the U.S. Army, where he served as a...

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The 10 skills you need to thrive in the Fourth Industrial Revolution

Five years from now, over one-third of skills (35%) that are considered important in today’s workforce will have changed. By 2020, the Fourth Industrial Revolution will have brought us advanced robotics and...

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Leadership During Exponential Times – Part 2

Business

Meet Sue Siegel Sue Siegel is the CEO of GE Ventures. She heads GE’s growth and innovation business comprised of GE Ventures, GE Licensing and New Business Creation (NBC). GE Ventures is the venture capital arm of...

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Leadership During Exponential Times – Part 1

Business

Beth Comstock’s Eight Principles of Exponential Leadership Beth has an extraordinary mindset as a leader at GE. “These days, I think you have to be constantly thinking about what’s next, what’s new and...

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Turn People into Your Secret Weapon for Business Success

Business

The American economy that once thrived on manufacturing is in transition, and more and more it’s evolving into a digital-services economy. That means companies must adapt – or risk withering away. “Services have...

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9 Key Lessons Derived From 150 Startups

Business

by Peter Diamandis This week, I had a chance to sit down with my brilliant friend Bill Gross, the CEO and Founder of Idealab. Bill is a startup guru… to say the least. Over the last 25 years, within Idealab, Bill has...

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Key Hiring Lessons From Amazon, Uber, Groupon, Etc.

Business

By Peter Diamandis If you want to create a successful, hyper-growth company you’ve got to get one thing right – hiring. To kick off my series of blogs on “Hiring, Culture, and Experimentation”, I had...

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Looking for the Perfect Job? You May Have Already Found It

Business

What’s your passion? Family? Gardening? Rock climbing? Now think about where your job falls in your list of passions. For many, a job is just a means to an end – it provides money for an education, an SUV, a house...

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What’s Missing in the Millennial Skillset?

Business

One thing is clear: millennials – those born after 1980 – are the world’s future, and they’ve already made significant contributions. Social media alone wouldn’t be what it is today without millennial...

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