Investing and Global Finance News

Category Archives: Economy

Grubhub Delivers New Partnership with Amazon

The last two years have not been easy for any industry. But for the food service sector, the pandemic was a particularly hard hit. Even at a time when food delivery service was at its peak, food businesses like Grubhub still suffered losses in 2021. And then as pandemic restrictions eased across the nation, demand for restaurant delivery was drastically reduced. Employee shortages and heightened government regulations also made it hard for food-based companies to recover.

That is why Grubhub recently announced a partnership with Amazon, a deal that brings together the restaurant delivery platform and Amazon Prime services.

The premium service, named Grubhub+, is now offered free to Amazon Prime subscribers. At a cost of $9.99 a month, subscribers can get any meal totalling $12 or more (not including taxes, tips, and other fees) without any delivery charge. Amazon Prime members, even those who signed up for the service when it was initially launched in 2020, will get one free year of Grubhub+. Amazon Primers can claim their Grubhub+ membership by logging into their accounts at amazon.com/prime/offer/grubhub/prime-deal. This agreement was signed for an initial one-year period; renewal will be automatic unless either party chooses to bow out. Amazon already has a stake in Deliveroo, the British food delivery service, and this deal with Grubhub is expected to infuse the platform with cash for the duration of 2023.

Neil Cole on the Difference Between Brand and Label

Neil Cole transformed the business world for more than four decades. As a trailblazing branding executive, he revolutionized the licensing industry and reconceptualized how retail and brands target an audience. As part of his branding innovation, Neil Cole founded Iconix, a company specializing in brand management with licensing rights to top names in fashion and… Continue Reading

Kevin Ulrich transitions from CEO to Chairman at Anchorage Capital Group

Kevin Ulrich, a co-founder of Anchorage Capital Group, has now transitioned to be the firm’s Chairman after more than twenty years as the CEO. Under Ulrich, Anchorage was one of the largest distressed-debt hedge funds. He pointed to ongoing client withdrawals and truculent markets as the reason for the closure of the firm’s prize investment… Continue Reading

Digital Markets Act is E.U.’s Attempt to Limit Big Tech

Digital Markets Act is E.U.’s Attempt to Limit Big Tech

The Digital Markets Act is the European Union’s most far-reaching piece of legislation since it passed its strict privacy laws in 2018. The law tackles the power of the leading tech companies and redefines the way app stores, digital marketing, online retail, and messaging platforms operate. The legislation is designed to stop the biggest tech… Continue Reading

U.S. Museum Workers Unionizing Despite Labor Movement Slump

National union membership has reached historic lows; according to the Bureau of Labor Statistics, 10.3% of employed Americans are members of a union. And yet, over the past few years, workers at more than ten American art museums have formed unions to improve their wages and conditions of employment. In 2020, some 250 curators, stewards, conservators, guides,… Continue Reading

Pandemic Brings New Opportunities for Entrepreneurs

Pandemic Brings New Opportunities for Entrepreneurs

A growing number of Americans are starting their own business. The reasons behind this pandemic-driven entrepreneurial surge vary: some were laid off because of COVID and transitioned their “side hustle” to be their primary form of income; others took the time to reconsider their priorities and gave up on their grueling corporate jobs; for some,… Continue Reading

Trading Card Business Goes to Fanatics

Topps, the trading card business that paired Bazooka bubble gum and baseball cards over fifty years ago, has been bought by Fanatics, the sports memorabilia company. The sale valued Topps’s sports and entertainment sectors at just over $500 million. Topps lost its 70-year-old licensing agreement with Major League Baseball and the Major League Baseball Players Association… Continue Reading

BI Trends for 2022

It seems that automation is permeating practically every aspect of our lives. From grocery shopping to banking, communicating to cooking—automation functions and platforms are making every task easier and accessible. And business intelligence (BI) is no exception. Automation is set to be one of the biggest trends in that industry in 2022. Alongside process automation,… Continue Reading

NASDAQ Versus NYSE

What is the NASDAQ and how does it differ from the NYSE? In this video NASDAQ looks at Nasdaq is the largest digital stock market for trading securities in the world. Here we explain the basics of what sets it apart from exchanges such as the NYSE. Continue Reading