• Bozoma Saint John joins Netflix as CMO

    15 days ago - By Fortune

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    Bozoma Saint John, the marketing expert who's guided brands including Apple and Uber, will join Netflix as chief marketing officer.
    “I'm thrilled to join Netflix, especially at a time when storytelling is critical to our global, societal well-being,” Saint John said in a statement to Adweek. “I feel honored to contribute my experience to an already dynamic legacy, and to continue driving engagement in the future.”
    Saint John most recently served as CMO of...
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  • After Apple's stratospheric rise, investors are facing a new threat: Simple math

    After Apple's stratospheric rise, investors are facing a new threat: Simple math

    15 days ago - By Fortune

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    The spectacular performance of Apple stock over the past half-decade created a problem for folks pondering whether to board this seemingly unstoppable express right now. Put simply, America's greatest enterprise has gotten so expensive that for the next five years, investors will be lucky to make plodding, mid-single-digit returns.
    Just over three months ago, it appeared that the Apple phenomenon was faltering when the COVID-19 selloff drove its shares...
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  • Why Apple, Google, and 91 other companies are now voicing support for the Equal Rights Amendment

    15 days ago - By Fortune

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    Since January, the fate of the Equal Rights Amendment-now ratified by the required three-fourths of the 50 U.S. states-has been tied up in court. Now, 93 companies are voicing their support for the constitutional amendment guaranteeing gender equality.
    The companies, which span tech, finance, sports and a host of other industries, this week submitted an amicus brief in the case Virginia v. Ferriero. Virginia, the most recent state to ratify the ERA, and...
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  • Shell's $22 billion Q2 write-down is just the tip of the iceberg for fossil fuels

    15 days ago - By Fortune

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    When Royal Dutch Shell warned it will write down up to $22 billion in assets in the second quarter on Tuesday, it became the largest of an expanding group of companies to face a reckoning over the brutal economics of oil and gas as the coronavirus pandemic has warped global demand.
    The record write-down for the company also provided an initial signal of what's to come, as the world's largest non-state owned oil and gas company faces an even larger...
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  • The PPP loan program is about to expire with over $130 billion left. Here's what may happen next

    15 days ago - By Fortune

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    After two rounds, multiple bills, and $670 billion, the Paycheck Protection Program is finally expiring on June 30.
    The program was roiled by controversy , hang-ups in Congress over changes to the program, technical issues , and confusing guidelines , but managed to push out billions of dollars to small businesses over the course of less than three months. The loans-which were designed to provide emergency relief to businesses with 500 or fewer...
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  • Tudor's hottest watch now comes in blue

    15 days ago - By Fortune

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    The Black Bay Fifty-Eight has been a highly in-demand watch since it was unveiled by Tudor at the Baselworld fair in March 2018 , with most authorized dealers still operating months-long waiting lists for customers to buy one.
    It's not hard to understand why. The watch's perfectly proportioned 39mm wide steel case, gold accents on the bezel and dial, and 200m of water resistance make it the closest thing you can buy to a vintage Rolex Submariner under...
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  • It is What it Is vibes on the best and worst of the tech hype cycle

    It is What it Is vibes on the best and worst of the tech hype cycle

    15 days ago - By Fortune

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    Late last week, a mysterious vibe swept social media platforms. A few dozen influential young techies added a string of emojis forming an uncanny face to their Twitter handles. A blank website featuring the emoji popped up, ominously teasing: It is What it Is.
    At typical internet hyperspeed, others jumped on the bandwagon, mostly unsure where it was actually headed. What was It is What it Is? A joke? A startup emerging from “stealth”? The hottest new...
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  • ‘Going back into recession is likely' if extra $600 in federal unemployment benefits aren't extended

    15 days ago - By Fortune

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    Jobless Americans are receiving an extra $600 per week in unemployment benefits from the federal government on top of their state benefits. But that extra $600 benefit set aside from the CARES Act expires at the end of July unless the federal government extends it.
    Once that federal unemployment bonus is gone the 19.5 million Americans actively receiving unemployment insurance would see a $600 weekly-or $2,400 monthly-pay cut. Not only will that translate...
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