Author: Lauren
You’ve probably heard the word “gentrification” thrown around recently. And in case you weren’t quite sure, essentially, gentrification is when an area or neighborhood changes, in both price and energy, when wealthier people move in and often displace the existing residents and businesses. For some, gentrification can mean improvements, but many others simply see it as getting rid of the old and bringing in the new that no one really needs or wants. So, if you’re not sure if your neighborhood is being gentrified, here are nine signs you can look for. “The Gentrification Font” Source: @raw_jude/X Some call it…
Robert Bull is known around the U.K. and the world as a successful business owner and very ridiculously wealthy person. However, Bull, who was named one of the richest people in the world last year by the Times, has just declared bankruptcy, and apparently, owes the bank hundreds of millions of Great British pounds. Who Is Robert “Bob” Bull? Source: @saranilsen/Instagram Before diving into his current financial mess, it’s important to understand just who Bob Bull is, and maybe more importantly, how he ended up as one of the richest men in the world. Robert “Bob” Bull was raised in…
Macy’s has been one of the world’s leading retailers for decades, but the company has recently experienced some financial trouble. The retail giant has been considering selling and got an amazing $5.8 billion offer this week from a real estate tycoon. This offer is a big deal not only for Macy’s as a whole but also for its shareholders. What Is Macy’s? Source: Express Newspapers/Getty Images Most people have shopped at least one of Macy’s 783 stores around the world, but not everyone knows its rich history. The very first Macy’s was opened in New York City in 1858, and…
A popular tech company that provides AI software for drive thru restaurants has recently made a surprising announcement. Preso Automations originally said that 95% of the order it receives are fulfilled completely by its AI programming, but now, they told the world that more than 70% of the orders require the assistance of human employees. Presto’s Exact Words Source: Presto.com According to an SEC filing in November of 2023, “Currently, over 70% of orders taken by our Presto Voice solution require human agent intervention.” And the reason why this quote is so important and surprising is because previously. Presto claimed…
Artificial intelligence (AI) technology is expanding at an exponential rate. AI software is now readily available, easy to use, and can do most of what a human could do. However, while many people see these new AI technologies as fantastic tools, others are worried about how the software will affect their jobs. Will AI Take Over Human Jobs? Source: Freepik The truth is that AI has already and will likely continue to “take over” several human-based professions. In fact, the UK Department of Education released a study that reported that AI can completely automate 10%-30% of occupations. So, let’s find…
In a strange turn of events, an $800,000 diamond ring went missing at the Ritz Paris last week, but then, was found after a hotelwide search was conducted. But this story has quite a few questionable twists and turns before the wildly expensive ring was returned to its owner. The Missing Ring Source: The Diamond Store Last week, a Malaysian entrepreneur who has chosen to remain anonymous reported that their diamond ring, worth more than $800,000, had gone missing from their room at the Ritz Paris. According to the Malaysian visitor, they had left it on the nightstand the night…
For years, Airbnb has been considered not only the most popular option for vacation rentals but also as a wise investment and great way to make money for homeowners. People around the world and in the USA have been turning their homes into Airbnb apartments or house rentals, making far more in annual income than they would have simply by opting for long term renters. But the company, which is still worth a whopping $90.04 billion, is down 2.14% in the market as of December 10, 2023, and financial experts argue that it’s going to continue to fall over the…
Understanding the country’s ever-changing economy, including the housing market, inflation, deflation, and how the Federal Reserve works, is incredibly confusing for the average American. So we’re going to take on one of these important economic terms, deflation, and find out precisely what it means and how it’s affecting Americans today. Deflation is the decrease in the average price level of goods and services. It happens when the national inflation rate falls below 0%. Essentially, inflation decreases the value of currency, whereas deflation increases it. It’s vital to understand that, typically, deflation occurs within specific industries or products, while inflation is…
Costco Wholesale is one of the most popular stores on the planet. The company prides itself on offering discounted prices on everything, including food, clothing, electronics, home decor, and so much more. In order to keep its prices as low as possible, Costco simplifies the shopping experience with a warehouse-style layout, which is only available to its members. Luckily, it’s always been fairly affordable to be a member at Costco, and with the significant discounts, most shoppers agree it pays for itself in no time. However, the conglomerate recently announced that for the first time in more than five years,…
Most Americans get up every day and go to work to make the money they need to live in an ever-increasingly expensive world. And many wonder if the money they are making is “average” and, in general, what their co-patriots are taking home every year. But it’s important to understand that the average American salary varies drastically depending on several factors, including one’s age. Teens in the Word Force Source: Freepik Many teenagers in the US have jobs that they go to after school or on the weekends. For some, this is just a little extra spending money, whereas, for…