Business News

'Jurassic World' sequel stomps its way to $150…

"Jurassic World: Fallen Kingdom" beat expectations to open with an estimated $150 million in ticket sales in U.S. and Canada theaters over the weekend

Online sellers consider how to comply with sales…

While this past week's Supreme Court sales tax ruling will create more obligations and expenses for many small online retailers, owners are already thinking about how they'll comply

London First CEO On Brexit and Business

Jasmine Whitbread sits down with Fortune's Claire Zillman to talk about how businesses and citizens of the United Kingdom are reacting to Brexit.

Asian stocks fall, oil gives up some gains after…

Asian stock markets have fallen and oil prices gave up some of their gains after Chinese regulators freed up extra money for bank lending amid a trade dispute with Washington

Brandon Morrow

Check out this week's Fantasy Baseball Fearless Forecast

TGI Fridays To Overhaul Menu

According to Business Insider, TGI Fridays is making some major changes. In February, the chain announced it had reached the halfway point in its efforts to completely revamp its menu. It's a mission it plans to complete by the end of 2018. At that point, the chain had rolled out 30% new menu items and improved 20% of its existing options. According to CMO Stephanie Perdue, Fridays is "stepping away from casual dining.

This CEO Says That Data and A.I. Are at the…

Intel CEO Brian Krzanich thinks that data is playing the same key part in the world's economy that oil historically did.

US stocks finish mostly higher as energy…

US stocks rise as energy companies and oil prices surge after major oil producers agree to produce more oil, but not as much as investors feared

Weekahead: German data, trade tribulations

Germany's economy will be put through its paces this week as it releases a raft of data, including consumer sentiment. As Ciara Lee reports, it comes as trade fears weigh on share markets and prompt traders to ask 'what's next?' in the global tariffs row.

China Cuts Some Banks' Reserve Requirements In…

According to a report by Reuters, China's central bank said that it would cut the amount of cash that some banks must hold as reserves by 50 basis points, releasing 108 billion dollars in liquidity, in order to accelerate the pace of debt-for-equity swaps and encourage lending to smaller firms. On Sunday, the People's Bank of China said that the latest cut in some banks' reserve requirement ratios, currently 16 percent for large banks and 14 percent for smaller banks, are scheduled to take effect on July 5th. Reuters reports that China’s policymakers have sought debt-for-equity swaps since late 2016 in order to reduce pressure on firms already struggling with their debts.

Clovyr Hopes To See Customers From 'Across The…

Cofounder and CEO Amber Baldet predicts the demand for decentralized apps will be similar to that of websites.

Global markets, oil rise as OPEC mulls output…

Global stocks and oil prices are higher as investors monitor OPEC's discussion on increasing crude production.

Dow snaps losing streak, Nasdaq falls

The S&P 500 and Dow Jones Industrial Average climbed on Friday, but losses in the technology space kept the Nasdaq in check. Roselle Chen reports.

Amazon's Focus Is 'Microtrips"

E-commerce giant Amazon is now chasing "microtrips." Microtrips are trips that take five minutes or less. Business Insider reports that Amazon's physical retail strategy is coming into focus. The company is focusing on convenience. One example is the new Whole Foods Lockers, where customers can come and pick up their online Amazon purchases.

'OWB Tractorcade' to celebrate antique tractors

Nordstrom Hopes Technology Helps Pave a Path to…

The retailer’s testing new ways to serve customers at its first store in NYC.

Ashley Madison

Where do the cheaters live you ask? Well according to a report shared with USA TODAY from infidelity website Ashley Madison, data from last year revealed that the city with the most member signups per capita was Seattle!! It also found that women signed up the most in the month of July...

Venture Capitalist Swears By Management Theory…

Venture capitalist John Doerr subscribes to a management principle that's just celebrated its fiftieth birthday. According to Business Insider, it's this: getting the most out of people comes from setting more difficult goals for them instead of easier ones. The theory belongs to University of Maryland psychology professor Edwin Locke, Locke published his work in 1968. Doerr later wrote about it in his own book, "Measure What Matters," which explains the thinking behind the Objectives and Key Results goal-setting process famously used by companies like Google, MyFitness Pal, and Intel. The theory explains that hard goals "drive performance more effectively than easy goals," and that "specific hard goals 'produce a higher level of output' than vaguely worded ones." About 90% of the upwards of a thousand studies that have been conducted on Locke's theory confirm that productivity is bettered by creating well-defined goals. Doerr says employees are often encouraged to simply create goals for the sake of having them, resulting in diminished enthusiasm. He points to a two-year Deloitte study that found no single factor has more of an impact on building enthusiasm than "clearly defined goals that are written down and shared freely."

Movie business thriving in Hudson Valley