In 2017, Juul catapulted to the top of the e-cigarette market. But the company’s valuation has fallen just as quickly, as a series of crises have led to hundreds of lawsuits alleging that the company marketed its products to teens. Photo Illustration: Jacob Reynolds/WSJ
Category Archives: Business
Analysis: ‘Can Prefab Homes Fix U.s. Affordable Housing Crisis?’ (Video)
The affordable housing crisis in the United States continues to be a problem and it’s only getting worse. And in places like San Francisco, where construction costs are some of the highest in the world, overcoming the housing shortage seems impossible. However, one solution is gaining traction that could dramatically reduce the cost and time to build new housing – factory-built apartments.
Europe: An Economic History Of Iceland (Video)
Iceland’s Economy had a banking debt ten times larger than its GDP. Iceland was that one Economy which went left when everybody else went right. Whilst most thought the banks were too big to fail, Iceland thought they were too big to save. It let its largest banks go bankrupt and threw dozens of bankers in jail. And yet despite its unusual approach, its Economy recovered. Going on to enjoy a decade of unbroken economic growth and high standard of living. But why did an island just outside the arctic circle have a financial crisis? What strategies did it deploy to rack up such monumental debts? How did it recover? And does its future rely on impressive tourist growth and crypto currencies?
Travel & Culture: ‘Chá Gorreana’ Tea Plantation, The Azores, Portugal
There are few parts of Europe that produce tea. The Azores, a Portuguese archipelago, are one of them. Here, tea is cultivated and processed without the use of chemicals. Chá Gorreana, located on the largest of the islands, is Europe’s oldest tea plantation. The family-run business has been producing black and green tea since 1883. DW reporter Hendrik Welling visited the plantation to learn about the fine art of producing Azores tea.
Analysis: The Size And Scope Of ‘Google’ (video)
No other tech firm in history has managed to infiltrate and influence daily life to the same insane extent as search giant Google. The Californian company’s impact on how we work, play, and settle drunken arguments is so well documented it more or less goes without saying. What’s perhaps less well understood is just how vast the company has grown, since deciding it wasn’t satisfied simply being everybody’s omniscient online know-it-all. So today we’re on the search for just what this modern-day behemoth actually does and asking the question – how big is Google?
Analysis: ‘Why Big Tech Companies Are Leaving California’ (CNBC Video)
As Oracle, Palantir and Hewlett-Packard Enterprise move their headquarters out of California and Elon Musk moves to Texas, California is considering raising taxes on the wealthy to unprecedented levels. Experts say California needs to find more ways to reverse the trend.
Analysis: The Effects Of Chinese Tariff’s Of Up To 212% On Australian Wine
China imposed tariffs of up to 212% on Australian wine, prompting politicians around the world to criticize what they call Beijing’s “bullying.” WSJ visits a winemaker who hopes global attention will help the industry. Photo: Lisa Maree Williams/Getty Images
Analysis: Can Cheesecake Factory Recover From Covid? (CNBC Video)
Americans love The Cheesecake Factory. The restaurant known for its massive 21-page menu, dozens of dessert options and ancient Egypt-inspired decor was ranked as one of the top casual dining restaurants in the U.S. in 2019. But the eatery popular with everyone from NBA stars to cheesecake aficionados has fallen on hard times as the coronavirus pandemic has wreaked havoc on the restaurant industry. In October, The Cheesecake Factory reported third-quarter sales fell by 12% and same-stores sales were down 23% from a year earlier. So after 40 years in business will The Cheesecake Factory be able to regain its momentum and will the chain’s takeout and delivery service be enough to offset the decline of the dine-in restaurant experience?
Business: ‘LEGO – A $38 Billion Toy Empire’ (Video)
The LEGO brick may not look like much but it is the cornerstone of the $38.5 billion Danish company. Today, LEGO’s blockbuster portfolio includes collaborations with The Beatles, Star Wars, and Frozen, a mega-hit movie franchise and 8 LEGOland theme parks. A toy that was once thought of for little boys is seeing its largest growth coming from girls and adults. But in the early 2000s, the company made several missteps and came extremely close to declaring bankruptcy. Here’s how LEGO reclaimed its status as one of the most successful toy companies in the world.
Business: ‘The Costs Of Climate Change’ (Video)
Climate change is about to upend the corporate world through weather-related disasters, regulation and lawsuits. Can businesses react and adapt in time? Read more here: https://econ.st/3slTXIE
Boomers Daily 