Questions and Answers about
Business
-
—
in BusinessAccording to the film ‘The Apprentice,’ who was Donald Trump’s mentor?
Answer: In the film “The Apprentice,” which premiered at the 2024 Cannes Film Festival, Donald Trump is portrayed as mentored by Roy Cohn during his early days in New York’s real estate world. Sebastian Stan stars as Trump, while Jeremy Strong plays Roy Cohn. On May 21, 2024, after the film’s premiere, the Trump campaign…
-
—
in BusinessWhich US restaurant chain famously offered Endless Shrimp?
Answer: The popular US seafood restaurant chain Red Lobster is well-known for its all-you-can-eat ‘endless shrimp’ promotion. However, the promotion’s popularity contributed to the company’s financial troubles. Customers took full advantage of the endless shrimp deal, leading to higher-than-expected costs. These challenges resulted in Red Lobster filing for Chapter 11 bankruptcy on May 20, 2024.
-
—
in BusinessAs of 2024, how many billionaires are there worldwide?
Answer: 2,781 is the correct number of billionaires in 2024. This number marks a record high, with their combined wealth reaching an astounding $14.2 trillion. This is more than most countries’ GDP. Among the new faces in this ultra-exclusive club is pop icon Taylor Swift, whose Eras tour helped her cross the billion-dollar threshold.
-
—
in BusinessWhich company trades under the ticker symbol DJT on Nasdaq?
Answer: Trump Media & Technology Group Corp, which operates the social media platform Truth Social, began trading under the ticker symbol “DJT” on Nasdaq in late March 2024. This event marked a significant moment for the company, showcasing a volatile first day with shares initially surging and then stabilizing, closing up by approximately 16%. Despite…
-
—
in BusinessWhat is Krispy Kreme?
Answer: Krispy Kreme is a renowned doughnut chain known for its wide variety of glazed, filled, and frosted doughnuts. In March 2024, it made headlines by announcing a partnership with McDonald’s, aiming to sell its doughnuts at McDonald’s locations across the United States. The plan is to start the rollout in the second half of…
-
—
in BusinessWhat caused a global pause in McDonald’s services in March 2024?
Answer: In March 2024, McDonald’s faced an unexpected challenge. A global IT outage impacted several countries, leading to restaurant closures and issues with digital ordering systems.
-
—
in BusinessIn January 2024, what prompted Tesla to put the brakes on production at its German plant?
Answer: In January 2024, Tesla’s German factory in Berlin hit a speed bump due to Houthi rebel attacks causing turmoil in the Red Sea, leading to significant production halts from Jan. 29 to Feb. 11.
-
—
in BusinessIn January 2024, McDonald’s Malaysia took legal action against the Anti-Israeli Boycott, Divestment, and Sanctions (BDS) movement. But why?
Answer: McDonald’s faced backlash over its Israel branch’s decision to donate meals to IDF troops, leading to boycott calls and a lawsuit by McDonald’s Malaysia in January 2024.
-
—
in BusinessWhere has Amazon’s founder, Jeff Bezos, set up his new home?
Answer: Jeff Bezos, the mastermind behind Amazon and space exploration company Blue Origin, has decided to trade Seattle’s evergreen embrace for Miami’s sun-kissed shores. This move. announced via Instagram on Nov. 3, 2023, is a strategic play to be closer to his family, his partner, and the rocket-fueled dreams taking off from Cape Canaveral. Plus,…
-
—
in BusinessWhich of the following is NOT a major US drugstore chain?
Answer: ShopRite is a grocery store and supermarket chain. CVS, Walgreens, and Rite Aid are the go-to spots for prescription and over-the-counter meds. On Oct. 16, 2023. Rite Aid, the third-largest US drugstore chain, filed for Chapter 11 bankruptcy protection due to declining profits from prescription drug sales. It also faced increased competition from Amazon,…
-
—
in BusinessNetflix stopped mailing DVDs in what year?
Answer: Netflix announced that it would end its DVD-by-mail service on Sept. 29, 2023, after shipping more than 5 billion discs over 25 years. Launched in 1998. the service was once Netflix’s biggest money maker but became obsolete in the video streaming era. Netflix split its DVD and streaming services in 2011, creating a separate…
-
—
in BusinessWho will replace Rupert Murdoch at Fox and News Corp. after his retirement?
Answer: As of Nov. 2023, Rupert Murdoch, the 92-year-old media mogul, will be chilling in his new role as chairman emeritus of both Fox Corp. and News Corp. media holdings, with Lachlan Murdoch taking over his previous roles. And when Murdoch Sr. joins the magnificent newsroom in the sky, control of the Fox empire will…
-
—
in BusinessHow old is Mark Zuckerberg?
Answer: Mark Zuckerberg was born on May 14, 1984. Elon Musk was born 13 years earlier, on June 28, 1971. Zuckerberg shared a photo of him training with UFC stars Israel Adesanya and Alex Volkanvski at his home in Northern California on July 11, 2023. Musk has been taunting Zuckerberg on social media and said…
-
—
in BusinessWhat’s the link between Alibaba and the Brooklyn Nets?
Answer: Joseph Tsai, a co-founder and executive vice chairman of Alibaba, bought the Brooklyn Nets in 2019 and became the sole owner of the NBA team. In June 2023. Alibaba announced that Tsai would succeed Daniel Zhang as board chairman. Tsai is a Taiwan-born Canadian citizen who helped start Alibaba in 1999 with Jack Ma…
-
—
in BusinessWhat did the Church of England clergy do for the first time in 2023?
Answer: The Church of England clergy made a formal pay claim for the first time in their nearly 500-year history on June 19, 2023. They demanded a 9.5% increase in their allowance from April 2024. The trade union Unite, representing over 2,000 clergy and lay officers in the Church of England, said that many clergy…
-
—
in BusinessWho’s this guy who goes by the name xQc?
Answer: xQc, whose real name is Félix Lengyel, is a popular Twitch streamer who plays video games and hosts shows for almost 12 million followers. Many consider him Twitch’s most popular streamer. On June 17, 2023, he announced his departure from Twitch for Kick, a rival streaming platform. He signed a two-year non-exclusive contract worth…
-
—
in BusinessWhat made Elon Musk lash out at George Soros on Twitter?
Answer: [caption id="attachment_12464" align="alignright" width="150"]lt;img class=”size-thumbnail wp-image-12464″ src=”https://HowSmart.net/wp-content/uploads/2020/11/George-Soros-e1606218890351-150×150.jpg” alt=”George Soros” width=”150″ height=”150″ / George Soros. Photo: Niccolò Caranti. CC BY-SA 3.0, via Wikimedia Commons[/caption]_x000D__x000D_George Soros, a Holocaust-surviving Jewish-born investor, and philanthropist, is often the target of far-right, anti-Semitic conspiracy theories. According to a regulatory filing. Soros Fund Management LLC sold all of its 2.5 million…
-
—
in BusinessDid Soros co-buy Vice Media after its bankruptcy?
Answer: Soros Fund Management, Fortress Investment Group, and Monroe Capital formed a lender consortium to provide about $225 million in a credit bid. The bankruptcy filing was announced on May 15, 2023, as Vice Media Group faced financial difficulties and top-executive departures. Vice Media Group is known for its websites, such as Vice, Refinery29, i-D,…
-
—
in BusinessWhich financial giant bought First Republic Bank’s assets and deposits?
Answer: lt;p style=”direction: ltr;”Regulators seized troubled First Republic Bank Monday, May 1, 2023, and sold its deposits and most of its assets to JPMorgan Chase Bank. With $229 billion in assets, First Republic Bank became the second-largest bank failure in US history. It surpasses Silicon Valley Bank, which failed on March 10, 2023. Both banks…
-
—
in BusinessWhy did Bed Bath & Beyond stop accepting coupons on Apr. 26, 2023?
Answer: Bed Bath Beyond filed for Chapter 11 bankruptcy on Apr. 23, 2023. The company announced it would stop accepting coupons on Apr. 26, 2023, when store-closing sales began. The announcement came after failing to secure funding and facing years of dreary sales and losses.
