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Bitcoin is again, child: Bitcoin’s worth rose to $63,000 on Wednesday, nearing its all-time peak of $69,000 again in 2021, after a tumultuous few years that noticed its worth drop beneath $16,000 on the finish of 2022. Bitcoin’s anticipated “halving” occasion, anticipated in mid-April, is probably going including to its rise in worth as folks put together to have their block rewards lowered by half for every new Bitcoin they mine. Full story.
Wendy’s strikes to quell pricing confusion: Wendy’s clarified it doesn’t plan to attempt “surge pricing” after information shops reported the quick meals large would hike costs throughout busy hours, citing CEO Kirk Tanner, who stated digital menu boards would imply extra flexibility to vary the show. A Wendy’s spokesperson stated Tanner’s remark alluded to plans to make each day modifications to in-store advertising and marketing, not enhance costs. Full story.
Past Meat kills a product, and its inventory rallies: The plant-based-meat firm’s inventory soared virtually 74% after the discharge of its This fall monetary report, which introduced plans to shift to a “leaner working construction.” The corporate stated it additionally deliberate to chop its jerky product line. The information comes after the corporate laid off 19% of its non-production employees in November and because it’s dealing with a lower in demand plus greater prices from partnerships with McDonald’s and KFC proprietor, Yum! Manufacturers. Full story.
One other dangerous week in tech: This week, Sony Interactive Leisure minimize 900 jobs, Bumble laid off 350, and Expedia parted with 1,500, including to the 45,356 tech layoffs in 2024 alone. Apple may additionally minimize jobs quickly, because it reportedly plans to finish its electrical car venture, which includes about 2,000 workers. Full story.
Robinhood presents supply drivers a brand new retirement plan: The corporate is launching Robinhood Retirement for Impartial Employees, a retirement plan for Taskrabbit, Grubhub, and Gopuff staff who seemingly don’t have 401(okay) or different retirement financial savings plans. In line with Robinhood, these gig staff will now be eligible for a match of between 1% and three% of their first yr, and might entry financial-planning recommendation from a hotline supplied by way of a partnership with GreenPath Monetary Wellness. Full story.
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