Pinterest Hopes Late Investment in Video Content Creation Will Resuscitate its User Base

By Olivia Morley Pinterest Inc. wants its social network to be more social. After building its success on static image sharing, the company is investing in video and content creators who can lure interest from users and brands to compete with video-first competitors...

Starbucks’ hopes for a big pandemic recovery are in doubt as workers push back

Starbucks Corp. (SBUX) is raising its U.S  minimum wage to $15 an hour in an effort to remain competitive with retail peers like Walmart Inc. (WMT) and Target Corporation (TGT).  But six weeks after the October announcement, employees at one Buffalo, N.Y. store voted...

Chewy Focuses on Pet Health in an Attempt to Become More than Just a Pandemic Success Story

Angela Palumbo   Michelle Dougherty from Houston, buys everything for her dog Zito through Chewy Inc.  Not only does Dougherty buy Zito's food, pet pajamas and toys from Chewy, but she buys his prescription medication from there as well. “The site has a database...

The end of gig work? Inside Uber’s fight to preserve its DNA

For Uber, the vanguard of the app-driven gig economy, regulation that classifies drivers as employees is an existential threat and the freedom afforded by its model is fundamental. By Jo Constantz Uber Technologies Inc. is facing tectonic shifts as governments around...

Uber Faces Competition and Steep Losses with the Expansion of Delivery Business

By Angel Adegbesan With five years experience as a gig driver, Kenneth Coghill has spent the last year and a half experimenting with supplementing his work driving customers where they want to go with delivering convenience items to homes and businesses. But the...

Best Buy is overhauling its stores to keep up with online deliveries. Will it be enough to take on Amazon and larger rivals?

By: Fran Velasquez Best Buy Co Inc. (BBY) is merging its in-store shopping experience with delivery as it scrambles to meet the rising demand for online shipping.  The Minnesota-based electronics retailer began in March 2020 shifting its brick-and-mortar business...

Match Group meets the metaverse

The online dating company has already been making inroads into building out its virtual spheres, beginning with the June acquisition of South Korea-based company, Hyperconnect. The $1.7 billion dollar deal gave Match Group two platforms, Azar and Hakuna. Azar offers a...

Tesla’s Cybertruck is facing a now-or-never moment

On a stage decked out with lasers, smoke machines, and techno music, Tesla debuted in 2019 a prototype of its much-anticipated Cybertruck. But a demonstration of the futuristic-looking electric truck’s “armor glass” went awry when two windows cracked after a steel...

Omicron variant puts American Airlines 2022 bounce back in peril

By Pat Elliott Dan Devine was planning on spending the holidays in New York City for his niece’s wedding, then Omicron hit. “The venue for my niece canceled so that was it.” Devine had no other reason to go on their trip and admits he certainly did not consider it...

Beyond Meat is Gambling that its Partnership with McDonald’s Could put the Company Back on a Growth Track

Beyond Meat’s growth has gone from explosive to anemic and could collapse due to increased competition and lack of demand. Its strategy of partnering with much larger foodservice giants such as McDonald’s could help change the course for the company. Ethan Brown, a...

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.