Diesel Recalls Widen; Audi to Retrofit 850,000 Cars

Diesel Recalls Widen; Audi to Retrofit 850,000 Cars

Audi, the luxury brand of scandal-tainted Volkswagen Group, announced on July 21 that they would voluntarily retrofit up to 850,000 diesel cars with new software to improve their emissions performance. The free program will apply to markets outside the U.S. and...
At Last, Some Good News for Brick-and-Mortar Retailers

At Last, Some Good News for Brick-and-Mortar Retailers

Although retail bankruptcies are on track to become the highest since the Great Recession, there was some good news on Wall Street last week. It all started when Target raised its earnings guidance, citing “improved traffic and sales” over the past two months. The...
Snap Shares Sink Below IPO Price

Snap Shares Sink Below IPO Price

When Snap, the parent company of social app Snapchat, made its IPO on March 2, it had a banner day. When the stock market opened, Snap shares were already trading higher than their IPO price of $17 per share. It closed the day at $24.48 per share and made its founders...
France Plans to Phase Out Gas-Powered Cars

France Plans to Phase Out Gas-Powered Cars

On July 6, France made a bold announcement: it wants to end the sales of gas- and diesel-powered vehicles by 2040. After that date, automakers will only be allowed to sell electric and hybrid vehicles, and vehicles that run on other cleaner power. This is part of the...
Emerging Markets Still an Attractive Investment Opportunity

Emerging Markets Still an Attractive Investment Opportunity

Although some have said that emerging markets have slowed down over the past several years, private equity firms would beg to differ. Back in 2013, General Atlantic CEO Bill E. Ford said, “The economic growth prospects of most of the emerging market countries where...
Tinder to Offer New “Likes You” Feature

Tinder to Offer New “Likes You” Feature

If you’re a Tinder user who hates waiting for a match, the app is introducing a paid feature that will make you very happy. Tinder Gold—a paid membership service—will now allow users to see who likes them instantaneously, without you having to like that person back....
Happy Independence Day from Business Bigwigs

Happy Independence Day from Business Bigwigs

On this day when we give thanks for our freedoms and for the people who fought for those freedoms. Because the United States wouldn’t be the country it is without the vision of our founding fathers, we’re going to share the document that is the very foundation of our...
%d bloggers like this: