Business

Online marketing CEO Braden Wallake posts crying selfie announcing layoffs — gets roasted

The CEO of an online marketing firm was lambasted on social media after he posted a “cringeworthy” selfie on LinkedIn that showed him crying as he announced layoffs. Braden Wallake, the CEO of Columbus, Ohio-based marketing services firm HyperSocial, took to LinkedIn to announce the firings in a lengthy, blubbering ramble to employees. It is …

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Japan’s Toshiba boosts profit on devices, auto sector demand

TOKYO — Toshiba reported a 44% improvement in profit in the last quarter as the Japanese technology giant worked to revamp its brand image and reassure investors about its management. Tokyo-based Toshiba Corp. said Wednesday that it recorded a 25.9 billion yen ($192 million) profit in the April-June period, up from 18 billion yen the …

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Dems’ spending bill hammers Americans with billions in new taxes

Tax experts are still trying to work out exactly what the so-called Inflation Reduction Act — a 755-page patchwork of giveaways, carveouts, and subsidies which purports to ease inflation by reducing the deficit and hiking taxes — will cost average Americans. However, they agree on one thing: It’s likely to be a lot. “Everyone is …

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Elon Musk reacts to $80B IRS overhaul in Inflation Reduction Act: ‘Seems high’

Billionaire Elon Musk is among those raising their eyebrows over the roughly $80 billion overhaul of the Internal Revenue Service included in the Democrat-backed spending bill that passed the Senate on Sunday. “Seems high,” Musk, the world’s wealthiest individual, tweeted. Musk’s reaction to the IRS funding was in response to a report by the Washington …

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Billions Pour Into Bioplastics as Markets Begin Ramping Up

MARK GILLISPIE, Associated Press CLEVELAND (AP) — In a world increasingly troubled by the persistent harm that plastic — manufactured in petrochemical plants — has had on the environment, companies are investing billions of dollars to ramp up production of plastics made from natural, renewable materials that can be safely composted or can biodegrade under …

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GoodRx stock rockets after earnings as company says snag with large grocer has been resolved

Shares of GoodRx Holdings Inc. popped nearly 50% in after-hours trading Monday after the company, which offers services for people looking to compare prescription drug prices, topped expectations with its latest results and indicated that a previously disclosed issue with a major grocer has since been “addressed.” The company reported a second-quarter net loss of …

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