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☆ How the businessman who blew up MoviePass tried to create a 'TikTok killer' and cost investors millions
▼ + stars: | 2024-04-01 | by ( Ashley Rodriguez | Jason Guerrasio | ) www.businessinsider.com time to read: +22 min

At Vinco, Farnsworth employed several of the same tactics that he had at MoviePass and at his earlier ventures. "Ted took these press releases and really treated them like they were works of art for him," Matt Argall, a former advisor to Farnsworth, told BI. Hudson Bay has not been served the lawsuit as of the publication of this story. "Hudson Bay's investment in Vinco Ventures was a standard, fixed price convertible loan of which millions remain unpaid," Hudson Bay told BI in a statement. "If served, Hudson Bay will seek to have these baseless, factually flawed and frivolous claims, which have been repeatedly dismissed in other proceedings against other parties, dismissed expeditiously."

Persons: MoviePass, Ted Farnsworth, Maria Bartiromo, he'd, Farnsworth, Jaeson Ma, Ted Farnsworth playbook, Ted, Barnum, John Fichthorn, I've, Shadwrick Vick, Rudy, Vick, Roderick Vanderbilt, who's, hocking, La Toya Jackson, Helios, Matheson, Brian Quinn, Farnsworth's, Michael Hartstein, Vinco, Matt Argall, Mitch Lowe, Reuters Farnsworth, David, Goliath, TikTok, We're, Argall, Elton John, Jamie McCarthy, Lomotif, Lil Nas X, Snoop Dogg, Grimes, Zash, Allan Stern, Get2it, Stern, Robert N, Scola Jr, Scola, he's, —, Lowe, Getty, Dave Kotinsky, Stringer Vinco, expeditiously, Farnsworth —, Vanderbilt, Jesse Law, Katherine Long Organizations: Fox Business, Hollywood, Business, Zash Global Media, Entertainment, Vinco Ventures, Fox, Hudson Bay, BI, Helios, Matheson, Matheson Analytics, Boston College Law School, Palladium Capital Group, Vinco, BHP Capital, Armistice, CVI Investments, National Enquirer, Reuters, AMC Theatres, AMC, Gemini Valuation, Hudson, Eightco Holdings, Elton John AIDS Foundation, 91st, EDC, Tampa Marriott, SEC, Publishing, National Examiner, Globe, The New York Times, Southern, Southern District of, Bloomberg, Bay, Vanderbilt, Federal Bureau of Investigation Locations: Hudson, Vinco, Zash, Hudson Bay, China, Syracuse , New York, Lomotif, Syracuse, West Hollywood , California, Vegas, Tampa, Argall, Boston, India, The, Miami, MoviePass, Southern District, Southern District of Florida, New York

☆ Fitness influencers swear by the 'carnivore diet'—it's 'basically a terrible idea,' doctor says
▼ + stars: | 2024-03-30 | by ( Renée Onque | ) www.cnbc.com time to read: +5 min

Here's what experts have to say about the safety and sustainability of the carnivore diet. The diet, similar in style to the Atkins and keto diets, goes by many names: carnivore diet, lion diet, high-fat diet and animal-based diet. Beef, butter, bacon and eggs — that's what some influencers swear by for the " carnivore diet ." Weight loss is one of the huge benefits that people who follow the carnivore diet claim they've experienced since adding more animal-based products to their diet. "You can think [that] if you're eating that kind of meal, you're helping bring down another tree on the other side," he adds.

Persons: TikToker @steakandbuttergal, Atkins, Walter Willett, Harvard T.H, Willett, Georgia Ede, Ede, There's Organizations: Harvard, of Public Health, Internal Medicine, Harvard Health Publishing, CNBC Locations: Chan, Europe, United States

☆ I want to have more energy, build muscle, and increase my stamina. A nutritionist said to eat more snacks.
▼ + stars: | 2024-03-30 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +4 min

She told Business Insider she wants to have more energy, build muscle, and increase her cardio stamina. AdvertisementTweak one part of a meal each week to increase varietyGina's go-to lunch is chicken, broccoli, and brown rice, she said. Then, next week try swapping the rice for quinoa, and the week after swap the chicken for fish or tofu. Bijlani advised Gina to check she's getting enough protein in each meal, as well as ensuring she's eating enough generally. If Gina doesn't eat a meal until a while after exercising, post-workout snacks should contain both protein and carbs.

Persons: —, Gina, Charan Bijlani, Bijlani, Gina doesn't Organizations: Service, Insider's Nutrition Clinic, Business

☆ The world’s best dumplings
▼ + stars: | 2024-03-28 | by ( Julia Buckley | ) edition.cnn.com time to read: +17 min

The best way to sample these dumplings is from a street vendor carting a steamer on his bicycle. KartoffelknoedelCarbtastic kartoffelknoedel ExQuisine/Adobe StockFound across Germany, kartoffelknoedel, or potato dumplings, usually accompany meat dishes. Artit_Wongpradu/iStockphoto/Getty ImagesSome dumpling purists say that the Australian dim sim is merely a bastardized version of Chinese dumplings. Joshua Resnick/500px Plus/Getty ImagesFound on Chinese takeout menus in the United States, crab rangoon are deep-fried dumplings served as a side dish. Shish barakShish barak are lamb dumplings served with yoghurt.

Persons: ., Ravioli, –, chao shou, chao, bryndzové, Lisa Wiltse, dumpling, Edward Wong, there’s, Beata Zawrzel, Mayur, Lord Ganesha, Ganesh Chathurthi, Pelmeni, Dim sims, Peng, Kimchi, Jonathan Wong, manti, speck, you’ll, Deb Lindsey, Uszka, Gyoza, Joshua Resnick, Ihor, it’s, It’s, DiAnna Paulk, Paolo Bernardotti, Shish barak Shish barak, Julia Buckley Organizations: CNN, South China Morning, Adobe, Central Asia, Kazakhstan –, Turks, Adobe Stock, Corbis, China Morning, Getty, Turkish, Fascism, Washington Post Locations: . Cheng, South, Italy, Rome, Sichuan, Central, Turkey, China, Azerbaijan, Kazakhstan, Central Asia, Mongol, Slovakia, Slovakian, Indonesian, Bandung, Hong Kong, Eastern Europe, Maharashtra, Germany, Brazil, Siberia, European, Australia, North America, Europe, Tunisian, Argentina, empanadas, Mendoza, USA, Southern, United States, Central Asian, Korea, Alto Adige, Austrian Tyrol, Kathmandu, Poland, Tokyo, rangoon, Asia, Russia, Georgia, Japan, Pennsylvania, Piedmont, Afghanistan

☆ A body-clock researcher explains why he never eats high-protein meals at night, and waits 1 hour to eat breakfast
▼ + stars: | 2024-03-28 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +6 min

Read previewScientist Satchidananda Panda has always been fascinated by what our bodies' internal clocks can do for us. AdvertisementPanda says if you're going to eat a protein-rich meal, make sure you time it so it's not too late after dark. Randy Shropshire/Getty ImagesResearch shows that late-night eating prompts the body to overproduce stomach acid. This is advice some muscle-builders and other researchers disagree with — they say drinking protein shakes at night can help with muscle growth. Advertisement"If we eat a high protein load late in the night, then our stomach produces disproportionately more acid to digest that," Panda said.

Persons: —, Panda, Satchidananda, Randy Shropshire, he's, Oscar Wong Organizations: Service, Business, Salk Institute for Biological Studies, Getty, Research, San Diego firefighters Locations: Venice Beach, Venice , California

☆ I toured Google's new $2.1 billion office in NYC and it's like an all-inclusive wellness resort — see inside
▼ + stars: | 2024-03-27 | by ( Madeline Park | ) www.businessinsider.com time to read: +7 min

Madeline ParkThe natural wood yoga studio is right around the corner from the gym and has a calming glow of light. Madeline ParkThe items at the store ranged from T-shirts ($30), jackets (~$100), tumblers ($15), and children's books. Madeline ParkThe actual cafeterias at Google's new office are the ultimate benefit and charm of working here. The coworking spacesThis coworking space is called "ROYGBIV," an acronym for the colors of the rainbow: red, orange, yellow, green, blue, indigo, and violet. The Google Office at St. John's Terminal is so big that I didn't get to explore all of it.

Persons: Madeline Park, —, Park, café, Madeline, Klara, Patricia Urquiola, there's Organizations: Google, Hudson, Service, Americano, Recreation, YouTube Locations: York City, Hudson, New York City, chai, Spanish, St

☆ I toured Google's new $2.1 billion office in NYC. Here are the 15 coolest things I saw.
▼ + stars: | 2024-03-27 | by ( Madeline Park | ) www.businessinsider.com time to read: +7 min

Madeline ParkThe natural wood yoga studio is right around the corner from the gym and has a calming glow of light. Madeline ParkThe items at the store ranged from T-shirts ($30), jackets (~$100), tumblers ($15), and children's books. Madeline ParkThe actual cafeterias at Google's new office are the ultimate benefit and charm of working here. The coworking spacesThis coworking space is called "ROYGBIV," an acronym for the colors of the rainbow: red, orange, yellow, green, blue, indigo, and violet. The Google office at St. John's Terminal is so big that I didn't get to explore all of it.

☆ A nutritionist who cut down on ultra-processed foods shares his 5 go-to grocery store snacks
▼ + stars: | 2024-03-25 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +3 min

But there are minimally processed, healthier snacks at the store if you know what to look for, he said. Experts don't fully understand why processed foods are bad for our health, but the evidence suggesting that they are continues to grow. He shared the minimally processed snacks he picks up from the store when he's hungry and in a rush with BI. Hummus and cruditésAnother healthy snack option is hummus paired with some chopped vegetables, such as carrot sticks. You can't find a less processed snack than that.

Persons: —, Rob Hobson, Hobson, dietitian Taylor Grasso Organizations: Service, Business

☆ I tried 30 of Trader Joe's seasonal spring products, and there are only a few I wouldn't buy again
▼ + stars: | 2024-03-25 | by ( Savanna Swain-Wilson | ) www.businessinsider.com time to read: +44 min

AdvertisementOther candy makers should take notes because Trader Joe's clearly knows what it's doing when it comes to chocolate. I fell in love with the lemon-and-ricotta ravioli's tasty fillingThis lemon-and-ricotta option is my new favorite Trader Joe's ravioli. These blueberry-and-lemon hand pies are the perfect pastry for the spring seasonThe blueberry-and-lemon hand pies from Trader Joe's look homemade. Trader Joe's Portuguese custard tarts totally lived up to the hypeTrader Joe's Portuguese custard tarts blew me away. If someone told me Trader Joe's lemon sheet cake came from a fancy bakery, I wouldn't question it for a second.

Persons: —, I've, Wilson, Joe's, they're, Savanna, I'm, seitan, pico, gallo, there's, Joe's didn't, Parmesan, Almond, Wilson I'm, graham, They'd, Meyer, munch, Wilson I've, Ina Garten, They're, madeleines, Florentine, Joe, Wilson It's, frosting, pasteis, nata, I'd, pretzels, Joe's dulce, dulce de Organizations: Service, Business, Wilson Locations: Savanna, Eastern Europe, Parmesan, Portugal

☆ Trader Joe’s just increased the price of a banana for the first time in more than 20 years
▼ + stars: | 2024-03-25 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Food prices have gone a bit bananas — and that includes a famously priced 19-cent fruit at Trader Joe’s. The snack-heavy grocer told CNN on Monday that it recently increased the price of the banana to 23 cents, a more than 20% increase. The 19-cent banana is a well-known deal at Trader Joe’s — so much so that it’s ranked as the favorite piece of produce by the company’s customers. However, CBS News reported that experts from the World Banana Forum in March warned that climate change and rising temperatures can drive up banana prices. Trader Joe’s noted it has been able to lower prices for some of its other produce, such as raw almonds, romaine hearts, organic tri-color bell peppers, and green onions.

Persons: we’ve, fanbases, Joe’s, romaine, Dan Bane, Sonny …, they’ve, ” Bane Organizations: New, New York CNN, CNN, Food and Agriculture Organization, United Nations, Bureau of Labor Statistics, CBS News Locations: New York

☆ Top Wall Street analysts like these dividend stocks for portfolio income
▼ + stars: | 2024-03-24 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Investors seeking some stability in their portfolios may want to consider high-quality dividend stocks, especially those with a track record of steady income payments. Here are three attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. Nonetheless, PepsiCo announced a 7% hike in its annualized dividend to $5.42 per share, effective with the dividend payable in June 2024. On March 18, Morgan Stanley analyst Dara Mohsenian upgraded PepsiCo stock to buy from hold with a price target of $190. (See PepsiCo Stock Buybacks on TipRanks)

Persons: Wall, Enbridge, Robert Kwan, Kwan, TipRanks, Gerard Cassidy, Brian Moynihan, Cassidy, Morgan Stanley, Dara Mohsenian, Mohsenian Organizations: Pepsi, Brooklyn borough New, Enbridge Energy, RBC Capital, East Ohio Gas Company, Ohio Gas, Public Service Company, Dominion Energy, Dominion, Bank of America, PepsiCo, TipRanks Locations: Flatbush, Brooklyn borough, Brooklyn borough New York City, U.S, North Carolina, TipRanks

☆ Sydney Sweeney says she hid candy in the fake pregnant belly she wore for her gory new horror movie 'Immaculate'
▼ + stars: | 2024-03-23 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +3 min

Read previewSydney Sweeney wanted to get bloody and crazy in her first scary movie, but she also made time for snacking. In a Q&A after the premiere of "Immaculate" at SXSW Film & TV Festival in Austin, Sweeney spoke about making the gory horror movie. When asked about the process of designing the habit-heavy wardrobe for the film, Sweeney revealed a behind-the-scenes detail about her costume. This story is available exclusively to Business Insider subscribers. Eventually, when Sweeney decided to make a horror movie, she knew just the one she wanted to do.

Persons: —, Sydney Sweeney, Sweeney, Michael Mohan, Mohan, Andrew Lobel's, Lobel, he'd, you've Organizations: Service, snacking, SXSW, TV, Business Locations: Austin

☆ I removed all tech, including my TV and phone, from my bedroom over 5 years ago. My sleep has never been better.
▼ + stars: | 2024-03-23 | by ( Steven Handel | ) www.businessinsider.com time to read: +5 min

Read previewWhen I had insomnia, I truly believed having the TV on in the background helped me sleep better. While the TV was initially seen as a sleep aid, it wasn't helping my insomnia overall. Something felt strangely off while I lay in bed those first few nights without my phone or the TV blaring. I experienced weird "phantom vibrations," where I felt my phone send a notification despite not having it on me. AdvertisementI certainly have no plans to bring screens or tech back into the bedroom anytime soon.

Persons: —, FOMO Organizations: Service, Business, Netflix Locations: wasn't

☆ Subway's about to become the latest chain that asks you: 'Is Pepsi OK?'
▼ + stars: | 2024-03-20 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

Under a 10-year agreement, Subway will start selling drinks including Pepsi, Mountain Dew, Tropicana, and Lipton. Subway's US stores will start making the switch in January 2025. AdvertisementCoke fans, watch out — Subway is ditching the drinks supplier in favor of rival Pepsi in the US. Subway announced on Tuesday that it had signed a 10-year agreement to supply PepsiCo drinks at its US stores from the start of 2025. This means that as well as Pepsi, Subway customers will also be able to get other beverages such as Mountain Dew, Tropicana, Lipton, and Gatorade.

Persons: Lipton, —, Arby's, Culver's Organizations: Pepsi, Subway's, Service, . Subway, PepsiCo, Subway, Tropicana, Lipton, Gatorade, Cola, Restaurant Business, Coca, Business Locations: Canada, Germany, Netherlands

☆ The French have fallen in love with American fast food. Here's why
▼ + stars: | 2024-03-19 | by ( Natalie Rice | ) www.cnbc.com time to read: +4 min

In France, a land of fine dining, Michelin stars and high standards for cuisine, there's a surprising favorite: American fast food. Expilly oversaw Popeyes' 2023 arrival in France while serving as COO of Popeyes France for French restaurant group Napaqaro. Burger King specifically has gone aggressively after the market "given the propensity for American quick service foods and concepts in France," Charles said. In 2024, McDonald's and Burger King hold more than 40% of the market, according to Euromonitor International, and now consider it their biggest one outside the U.S. French QSRs did take a hit in 2020, but the industry bounced back quickly, earning more profits in 2021 than before the pandemic, according to Euromonitor International.

Persons: Xavier Expilly, EXPM, Expilly, Popeyes, Burger, McDonald's, Andrew Charles, Cowen, Charles, Burger King, Joel Tissier, haven't, Tissier Organizations: Euromonitor, CNBC, Restaurant Brands, Canadian, Mac, Créteil, KFC, Euromonitor International, BK Locations: France, Europe, American, Burger, Paris, United States

Early analyst calls featured one firm calling for more gains for Nvidia and an upgrade to a major beverage and snacks maker. HSBC raised its price target on Nvidia to $1,050, which implies upside of nearly 20% for the chipmaker. His price target of $190 indicates upside of 15.4% over the next 12 months. — Fred Imbert 5:43 a.m.: HSBC hikes Nvidia price target ahead of GTC Conference HSBC sees more upside in store for shares of Nvidia as the chip giant defends its AI position and reaches new markets. Given this backdrop, analyst Frank Lee boosted the firm's price target to $1,050 from $880 a share, reflecting nearly 20% upside from Friday's close.

Persons: Morgan Stanley, Raymond James downgrades, Raymond James, Steve Moss, Moss, management's, Samantha Subin, Brad Lin, Lee, bode, — Samantha Subin, Dara Mohsenian, Fred Imbert, Frank Lee Organizations: CNBC, Nvidia, HSBC, PepsiCo, York Community Bancorp, New York Community Bancorp, Bank of, Taiwan Semiconductor, AI, Bank of America, Intel, GTC Conference HSBC, GTC Conference

☆ What is shrinkflation? Here’s why consumers may be getting less for their money
▼ + stars: | 2024-03-17 | by ( Lorie Konish | ) www.cnbc.com time to read: +5 min

Pixelseffect | E+ | Getty ImagesSome grocery store products are providing less for your money. At the State of the Union, he again took a stand against shrinkflation, complaining that Snickers bars have become smaller. on X earlier this month, the White House responded, "C is for consumers getting ripped off." Where consumers may see shrinkflationFor now, it's up to consumers to spot the changes companies may make to their products. Why critics say shrinkflation is the wrong focusWhile shrinkflation is now under the political spotlight, not all experts agree the emphasis is correctly placed.

Persons: Joe Biden, Cookie, Biden, hasn't, Cookie Monster, Mara Weinraub, Weinraub, Shrinkflation, shrinkflation, Veronique de Rugy, de Rugy, David Doyle, Justin Sullivan Organizations: State, Union, shrinkflation, White, Federal Trade Commission, FTC, of Labor, Finance, Social, Federal, Labor Statistics, of Labor Statistics, George Mason University, Costco, Getty Locations: U.S, California, Macquarie, Novato , California

☆ Japanese inventor who built the first karaoke machine after a colleague mocked his bad singing has died
▼ + stars: | 2024-03-16 | by ( Cameron Manley | ) www.businessinsider.com time to read: +4 min

Read previewWe have one man to thank (or blame) for the many nights we've spent yelling our favorite hits down a microphone: Shigeichi Negishi. The Tokyo-based entrepreneur, who invented the world's first karaoke machine, has passed away aged 100. Farewell to another legend: Shigeichi Negishi, inventor of karaoke, has died age 100. And so, in 1967, the world was graced with its first karaoke machine: the Sparko Box. Online retailers of karaoke hardware continue to thrive, led by Ace Karaoke and Karaoke Warehouse in the States.

Persons: —, we've, Negishi, Atsumi Takano, Matt Alt, Shigeichi, ZOpLdSisb2, Daisuke Inoue, Alt, Lady Gaga, Shigeichi Negishi Organizations: Service, Business, Japan Karaoke, Association, Getty Japan, Buffalo Wild Wings, Ace, Apple Locations: The Tokyo, Japan

☆ A 101-year-old former CEO shared his longevity advice: early retirement is 'stultifying,' and the Mediterranean diet is best
▼ + stars: | 2024-03-15 | by ( Jane Ridley | ) www.businessinsider.com time to read: +6 min

Read previewWhen I. Roy Cohen was born in 1922, his parents' farmhouse had no running water or electricity. Courtesy of I. Roy Cohen. AdvertisementHe said he learned a series of longevity lessons over the decades and shared some with BI. Courtesy of I. Roy Cohen. Courtesy of I. Roy Cohen.

Persons: —, Roy Cohen, " Cohen, Cohen, Joan, something's, munch, David Organizations: Service, Business Locations: New York

☆ A gut-health dietitian who doesn't meal prep shares the pantry staples she always keeps on hand
▼ + stars: | 2024-03-15 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +4 min

Dietitian Gabrielle Morse makes sure her diet takes care of her gut health. She stocks up on herbs, spices, sauces, legumes, and whole grains for easy, tasty meals. Morse also includes a variety of nuts and seeds in her diet for added nutritional benefits. Research shows that people who eat a wide range of plants have a more diverse microbiome, which is associated with better gut health. Herbs and spicesMaking sure she's enjoying her food is crucial for Morse, so she keeps her kitchen stocked with lots of herbs and spices for seasoning.

Persons: Dietitian Gabrielle Morse, Morse, —, Gabrielle Morse, she's, Basil Rosemary, Curry Organizations: Service, Health Clinic, Research Locations: Chile

One of their friends in Missouri had mailed them meat sticks made by Kevin Western, a Greentop local who made the snacks for fun and sold them around town. In December 2012, Maldonado and Ali started selling Chomps' first product — the original beef jerky stick — on its website. Trader Joe's placed an initial order for a million meat sticks to stock in over 400 stores. Chomps started selling meat sticks in Trader Joe's, its first national retailer, in July 2016. Building a jerky empireOnce Chomps started selling its sticks in Trader Joe's, other stores quickly followed, including Whole Foods, Target and Walmart.

Persons: Pete Maldonado, Maldonado, Rashid Ali, Slim Jims, Maldonado craved, Ali, Chomps, Here's, — Maldonado, Kevin Western, Gene Woo Kim Maldonado, you'll, —, Joe's, Rashid, Clint Boland Organizations: Facebook, taco, Whole Foods, Target, Walmart, CNBC Locations: Chicago, Long, Greentop , Missouri, Missouri, Greentop, Naples , Florida, U.S, Joe's, Naples

☆ Chomps: How we turned $6,500 into a business bringing in close to $250 million
▼ + stars: | 2024-03-13 | by ( Raffi Paul | Morgan Smith | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChomps: How we turned $6,500 into a business bringing in close to $250 millionLooking to make a healthier-for-you meat snack, friends Pete Maldonado and Rashid Ali together put forth $6,500 to launch their "side hustle" back in 2012. After four years, Trader Joe's began selling their products and sales significantly grew. In 2023, Pete and Rashid's once side-hustle has brought in nearly $250 million in retail sales.

Persons: Pete Maldonado, Rashid Ali, Joe's, Pete, Rashid's

☆ This ‘6 to 1’ trick might make your grocery shopping easier
▼ + stars: | 2024-03-13 | by ( Karla Walsh | ) edition.cnn.com time to read: +7 min

@chefwillco My 6 to 1 grocery method makes shopping cheaper and easier! Let me know how you like this grocery shopping method. The benefits of the 6 to 1 methodColeman made a fresh cheddar apple Cobb salad using his grocery hack. And you can definitely make several meals out of four proteins,” Largeman-Roth said. How to make the 6 to 1 method work for youColeman created his hack to get control of his grocery budget.

Persons: Will Coleman, Coleman, “ You’re, @chefwillco, Will Coleman “, ”, he’s, Joe’s, Will Coleman Frances Largeman, Roth, Largeman, Eva Cruz, ” Largeman, “, ” Peek, ” Coleman, Karla Walsh Organizations: CNN, Foods Locations: New York City, Dobbs, , New York, brussels, Des Moines , Iowa

☆ Why are prices still so high? Corporate greed, some say.
▼ + stars: | 2024-03-11 | by ( Tami Luhby | ) edition.cnn.com time to read: +7 min

While supply chain problems and high demand may have helped spur inflation early in the pandemic, Rosolino believes there’s another key reason why prices have soared and remained high: Corporate greed. It’s corporate greed.”Nick Rosolino feels businesses won't lower their prices as long as consumers keep spending. “Too many corporations raise prices to pad their profits, charging more and more for less and less,” Biden said. Companies are typically slower to reduce their prices when costs decline than they are to raise prices when their expenses jump. Corporate profits have contributed to inflation, though experts differ on the extent.

Persons: Nick Rosolino, Rosolino, there’s, ”, “ It’s, Nick Rosolino Reluctantly, Joe Biden, “, ” Biden, Cookie Monster, Lael Brainard, Goldman Sachs, Neil Bradley, Heather Vargas, ” Vargas, ” Heather Vargas, Heather Vargas Vargas, –, Kellogg, Gary Pilnick’s, Companies haven’t, Aaron Hackman, McKinley Conner, Aaron Hackman “, Hackman Organizations: CNN, America, White, Economic Council, Federal Reserve, Companies, Federal Reserve Bank of Kansas City, US Chamber of Commerce, of Labor Statistics, “ Locations: Maine, New Gloucester , Maine, Portland, Heights , California, Fort Lauderdale , Florida

☆ A founding partner of VC firm 776 explains why she's still optimistic about creator-economy startups as the hype cycle ends
▼ + stars: | 2024-03-11 | by ( Marta Biino | ) www.businessinsider.com time to read: +3 min

Read previewFor Katelin Holloway, the people who say creator startups are "dead" are missing the point of the creator economy entirely. "I'm not talking about the epic stars and the MrBeasts of the world," Holloway told Business Insider. This story is available exclusively to Business Insider subscribers. Holloway is a founding partner at Seven Seven Six, the early-stage VC firm started in 2020 by Reddit founder Alexis Ohanian. The end of the hype cycle around creator-economy startups is part of the intrinsic nature of venture capital — VC "loves hype cycles," said Holloway.

Persons: —, Holloway, Alexis Ohanian Organizations: Service, Business, Seven Seven Locations: —

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