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Private equity bought a nursing home, leading to staff cuts and a decline in care

Sep 8, 2022
A new investigation by The New Yorker delves into the acquisition of a Virginia nursing home and what happened next.
A new investigation published in The New Yorker detailed what happened at St. Joseph's Home for the Aged, a nursing home in Richmond, Virginia, after it was acquired by a private equity firm in 2021.
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In rural areas, the high cost of diesel is driving up the cost of doing business

Aug 30, 2022
Rural Americans often travel longer distances or use diesel-based equipment, so they are disproportionately affected by fuel prices.
People living in rural areas are feeling the squeeze of higher diesel prices because they often drive longer distances and use diesel-reliant equipment.
Andrew Caballero-Reynolds/AFP via Getty Images

AMC appeals to meme stock investors for its financial future

Aug 26, 2022
AMC sells APEs to tap into retail investors’ enthusiasm. Can it evolve beyond the meme?
Traders on the floor of New York Stock Exchange stare up at a screen that shows APE preferred share stock price.
Michael M. Santiago/Getty Images

Peloton lost more than $1.2 billion last quarter. Is the company spinning its wheels?

Aug 26, 2022
The latest earnings from the popular fitness bike company may mean the company needs to switch directions to retain customers.
The fitness company reported a massive loss last quarter, spurring questions about the need for a revamped business strategy.
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Is the red-hot job market getting a little more pink?

Aug 4, 2022
The Bureau of Labor Statistics' latest JOLTS report indicates that the labor market may be cooling off, just a bit.
The Bureau of Labor Statistics' latest JOLTS report indicates that the labor market may be cooling off, just a bit.
Frederic J. Brown/AFP via Getty Images

Between COVID and pent-up vacation demand, absent workers have businesses scrambling

Jul 27, 2022
Hire more workers or do less business — the options aren't great.
Employers across industries are getting creative as more workers take time off.
Ed Jones/AFP via Getty Images

A quarter-century after the handover, is Hong Kong still attractive as a business hub?

Jun 29, 2022
Crackdowns by Beijing and severe COVID restrictions have undermined its status. Friday marks the anniversary of the transfer of control.
The Hong Kong skyline at sunset. The territory has seen security crackdowns and severe COVID restrictions, and many residents have left in recent years. Friday marks 25 years since its return to Chinese rule.
Anthony Kwan/Getty Images

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How banks use Big Tech's deposits to fund the fossil fuel industry

Jun 22, 2022
Some tech giants have pledged to decarbonize operations. But their cash contributes to climate change, says environmentalist Bill McKibben.
Longtime environmental activist Bill McKibben says banks are worsening climate change by financing carbon-intensive projects, and much of the cash comes from tech giants.

How small should a 'small business' be? The government's answer is changing.

Jun 8, 2022
The Small Business Administration recently announced changes to its small business size standards, which govern whether a business is eligible for small business contracts and aid. That could help businesses that were near the old size threshold.
Changes to size standards mean the biggest small businesses could end up with a huge advantage over the smallest companies.
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Some companies have warned they'll earn less than expected. Here's why.

Jun 6, 2022
For some, it's about consumers spending less. For others, it's about other businesses spending less.
Snap recently lowered its revenue forecast as businesses rein in advertising.
Robyn Beck/AFP via Getty Images