Tag

Business Trends

All articles tagged with #business trends

"The Impact of Taylor Swift on Economics and Entertainment"
businessentertainment2 years ago

"The Impact of Taylor Swift on Economics and Entertainment"

Uber CEO Dara Khosrowshahi confirmed the "Taylor Swift effect," stating that local Uber teams plan specifically for her concerts, with increased ride demand extending to surrounding areas and hotels. Bank of America and Mastercard also noted Swift's significant economic impact, with increased household spending and business sales during her "Eras Tour" performances. However, not all companies are pleased with the hype, as Best Buy's CEO mentioned a potential negative impact on electronic goods sales. Despite the positive influence, Khosrowshahi indicated that Swift's impact may not significantly affect Uber's overall business trends due to the company's large scale.

"Exxon Mobil's Battle with ESG Shareholders: A Warning to Investors"
business2 years ago

"Exxon Mobil's Battle with ESG Shareholders: A Warning to Investors"

Exxon's resistance to shareholder activism signals a shift away from the era of corporate ESG (environmental, social, and governance) initiatives, as companies backtrack on diversity targets, minority vendor contracts, and commitments to social causes. The lawsuit filed against Exxon in Texas by shareholder activists may mark the end of the corporate ESG movement, reflecting a broader trend of companies prioritizing bottom-line concerns over progressive demands.