Gen Zers Wish for Financial Stability This Holiday Season
José Alonso Hernández works two jobs to make ends meet in San Juan, Puerto Rico while his partner, who just graduated, covers the major portion of their expenses. He primarily works at the Museum of Puerto Rican History for $10 per hour–three dollars above the...
Airbnb Wants Fees to Be More Transparent to Help Travelers, But Some Are Already Moving On
When venture capitalist Sheel Mohnot went to book an accommodation on Airbnb recently, he found that the additional fees he was required to pay tallied up to nearly the same amount as the actual booking rate. He made his displeasure known in a tweet. Disgruntled...
Axsome Therapeutics launches antidepressant in crowded market, route to success shaded by lack of communication
Antidepressant drugs have been on the market since the 1950s, but Axsome Therapeutics is betting its new treatment will have a major impact on patients and doctors. In late October, the company launched Auvelity, a prescription-only, fast-acting, oral medication aimed...
Rent The Runway aspired to be the ‘Amazon Prime of Rental.’ That dream never made any sense
Fashion rental startup Rent the Runway touted an audacious goal for about a year: become the "Amazon Prime of Rental." In March 2019, co-founder and chief executive Jenn Hyman gave CNBC anchors an idea of what she meant. "Anything that you do not use every single day,...
Dr. CVS is Coming, But the Company Will Face Crowded Competition to Build It
By James O'Donnell For JP Weiss, a pharmacy technician at a CVS store in California, he’s seen first hand that business has been booming for the healthcare giant. What he's less confident about is whether CVS is setting up its stores and employees to handle that...
Meta Bids on Virtual Reality for Daily Life—Customers Don’t Think So
Andrew Litt, a video game enthusiast based in New Jersey, is drawn to virtual reality. When he saw the Meta Quest 2 headset available on Facebook Marketplace for $150, he could not resist the deal. But after two weeks, using the headset for hours each day, it was...
New to the ad game, Netflix banks on international edge to help it cash in
By: Vita Dadoo During Netflix’s third quarter earnings call this October, analysts had their sights set on the future of streaming – with ads. Following the announcement of its ad-supported tier, analysts were eager to learn about its impact in The United States....
Airbnb sees booming third quarter as potential recession looms
Airbnb saw recording-breaking profits and revenue in its third quarter on Tuesday, bolstering the short-term rental company's belief that travel demand will continue despite a potential economic downturn. The alternative accommodations platform reported its most...
Intel Wants to Use Tax Dollars to Catch Up With its Competitors and Restore Domestic Chip Making
At dawn on a recent November day in New Albany, Ohio, thousands of construction workers dressed in hard hats and bright yellow vests clocked in at their job sites, tasked with turning what was once acres of farmland into a cluster of cutting-edge facilities. The...
Fox Corp. adds more horror titles to its streaming service Tubi, hoping fake blood will solve real problems
A screenshot from the trailer of "Swamp Zombies 2" (2018), an independent horror film streaming on Tubi. Newton Wallen fell in love with horror movies as a kid while browsing the aisles of his local video rental store. Now an independent horror film producer...
Investment Journal
Welcome to Investment Journal, a site covering the world of business right from Times Square. The site is produced by reporters at the New York City News Service and the Craig Newmark Graduate School of Journalism at CUNY. Email your comments to greg.david@journalism.cuny.edu.