Category: Business & Finance
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Secrets to Recession-Proof Businesses
In the ever-evolving business landscape, finding a venture that can withstand the test of time and economic downturns is a holy grail for aspiring entrepreneurs. Fortunately, the data from the Bureau of Labor Statistics reveals a surprising truth – there are several businesses that not only boast impressive success rates but also offer the potential…
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How New York City Became the Economic Capital of the World and What it Means for the Future
New York City is arguably the most economically important metropolis in human history. That’s a big statement, considering it competes against ancient powerhouses like Rome. Even today, it’s not the largest, wealthiest or most populous city. Yet it laid the foundation for the world’s biggest economy. New York City’s sprawling borders now produce a gross…
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The Rise and Fall of Elizabeth Holmes and Theranos: How She Fooled Investors and Put Lives at Risk
Elizabeth Holmes founded Theranos as a 19 year old Stanford dropout with the goal of revolutionizing healthcare through new blood testing technology. She had an ambitious vision of being able to test for hundreds of conditions from a single drop of blood. This article will explore how Theranos and Elizabeth Holmes were able to gain…
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How LEGO Rose From The Ashes To Become a Billion Dollar Empire
LEGO, the beloved toy company known for its iconic bricks, has an origin story filled with fiery disasters and family feuds, yet it still managed to rise like a phoenix to become the massive global brand it is today. Humble Beginnings For A Tenacious Carpenter It all started with Ole Kirk Christiansen, born in 1891…
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2023 Set to See Worst Year for Bankruptcies Since the Great Recession
The year 2023 is on pace to finish as the worst year for corporate bankruptcies since the end of the global financial crisis. This year has already seen the two largest bankruptcies in American history outside of the Great Recession. If these numbers have you feeling uneasy about the economy, prepare yourself – 2024 is…
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The Rise and Fall of Sprint, the Forgotten Mobile Carrier Giant
Remember when Sprint was one of the big three mobile carriers? Just 10 to 15 years ago, Sprint had tens of millions of subscribers and pulled in tens of billions in revenue. But by the end of the decade, Sprint was bleeding customers and revenue while T-Mobile was rising from the ashes. This article explores…
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Can There Be Not Enough Money? Deflation Explained
Money is a fascinating and complex topic that often leads to heated debates. Some argue that the money supply needs to grow along with the economy, while others claim that limited money like gold or Bitcoin is sufficient. In this article, we’ll explore whether the total amount of money in an economy can be too…