Questions and Answers about
Business
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in BusinessWhat did Elon Musk do to regain his wealthiest person status in February 2023?
Answer: Elon Musk boosted Tesla’s stock price with new projects and products, such as opening a factory in Mexico, an Investor Day event, and the long-awaited Tesla Cybertruck and Semi Truck. His net worth reached $187.1 billion on Feb. 28, 2023, surpassing Bernard Arnault’s $185.3 billion. In December 2022. Musk lost his title to Arnault…
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in BusinessWhat is “Catch-and-Kill” in the world of journalism?
Answer: “Catch-and-kill” is a dubious practice some journalists use to keep political figures or celebrities from getting embarrassed. The National Enquirer has been scrutinized for suppressing stories about Donald Trump during his campaign. In one case, the company paid $150,000 for the rights to Karen McDougal’s story about her relationship with Trump but never published…
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in BusinessWhat does AMC Theatres in the US call its revamped pricing scheme?
Answer: AMC Theatres, the largest movie theater chain in the US. introduced on Feb. 6, 2023, a revised pricing scheme called “Sightline” that determines the price of movie tickets based on your seat location. Seats in the middle will be more expensive, while seats in the front row will be cheaper. By the end of…
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in BusinessWhy is the US government halting license approvals for American firms to export to Huawei?
Answer: The Biden administration is tightening Huawei restrictions by halting license approvals for American firms to export to the Chinese tech giant, the Financial Times reported on Jan. 30, 2023. Since 2019, The US government has aimed to stop the Chinese Communist Party from getting sensitive technologies with military applications through its ties with Huawei.
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in BusinessWhy did M&M indefinitely pause its “spokescandies”?
Answer: MM announced on Jan. 23, 2023, that they would take “an indefinite pause” from their “spokescandies” as they felt they were too divisive for a polarized country. Maya Rudolph is the new spokesperson for the brand._x000D_
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in BusinessWhat is the nationality of TikTok’s CEO?
Answer: While TikTok is owned by the Chinese parent company, ByteDance. Shou Zi Chew, the CEO, is a Singapore-based tech finance executive._x000D_
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in BusinessWhich historical world record did Elon Musk break in 2022?
Answer: Guinness World Records said on Jan. 10, 2022, that Elon Musk broke the record for the biggest loss of personal fortune, losing $182 billion since November 2021, according to Forbes, and blowing away the previous record of $58.6 billion set in 2000 by Japanese tech investor Masayoshi Son.
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in BusinessBefore adopting the euro on Jan. 1, 2023, what was Croatia’s currency?
Answer: On January 1, 2023. Croatia joined the eurozone as the 20th member state. Croatia’s previous currency, the kuna, had used the euro (and, before that, the German mark) as its main reference since 1994. The dinar was the currency of Croatia between Dec. 1991 and May 1994.
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in BusinessWhich countries had their debt defaulted (failed to pay their foreign bondholders) in 2022?
Answer: Sri Lanka was the first nation to stop paying its foreign bondholders in May 2022. Russia followed in June due to sanctions the West laid amid the Ukraine war. El Salvador, Ghana, Egypt, Tunisia, and Pakistan are currently considered vulnerable to default but have not yet failed to pay their foreign bondholders.
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in BusinessWhat’s Uber’s “Kill Switch”?
Answer: Senior executives at Uber ordered the use of a “kill switch” to prevent police and regulators from accessing sensitive data during raids on its offices in at least six countries: France, the Netherlands, Belgium, India, Hungary, and Romania. The Guardian found the information on Uber files, a cache of leaked confidential company data published…
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in BusinessThe American Dollar and the European Euro are the two most-traded currencies globally. What is the third?
Answer: The Japanese yen is the third most-traded currency globally. The currency fell against the US dollar to levels last seen in 1998. The Bank of Japan, on June 10, 2022, gave a rare statement that it may intervene if the weakness persists.
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in BusinessHow much does a Tesla Model Y long-range cost?
Answer: Tesla raised prices for all its car models in the United States on June 16, 2022, as the costs of raw materials such as aluminum and lithium surged due to an industry-wide shortage. The Tesla Model “Y long-range” price increased to $65,990 from $62,990. It’s the fourth price increase since Jan. 2022 for some…
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in BusinessWhat’s the world’s largest toymaker?
Answer: Lego is the world’s largest toymaker. The Danish toymaker halted deliveries to Russia in March 2022 after the invasion of Ukraine. On July 12, the company announced it’s ceasing all operations in Russia “indefinitely.”
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in BusinessWhich tech giant is buying the primary care organization One Medical?
Answer: Amazon announced on July 21, 2022, that it would acquire the primary care organization One Medical in a deal valued at $3.9 billion. The purchase is Amazon’s third-biggest acquisition, following its $13.7 billion deal to buy Whole Foods in 2017 and its $8.5 billion purchase of MGM studios earlier this year.
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in BusinessGeoffrey giraffe is whose mascot?
Answer: Geoffrey, the giraffe, is Toys”R”Us’s mascot. The toy brand went out of business in 2018 following a bankruptcy
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in BusinessWhat does the Apple Pay Later service allow?
Answer: Apple Pay Later, built into the Apple Wallet in IOS 16, allows users in the US to split the cost of an Apple Pay purchase into four equal payments spread over six weeks, with no interest and fees. Apple Pay Later is available everywhere Apple Pay is accepted – online or in-app. The service,…
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in BusinessWhich country is home to Assassin’s Creed maker Ubisoft?
Answer: Ubisoft Entertainment is France’s biggest video games developer. It’s headquartered in the suburbs of Paris, with development studios worldwide. Ubisoft’s franchises include “Assassin’s Creed,” “Prince of Persia,” and “Tom Clancy’s.” China’s largest social network and gaming firm Tencent raised its stake in Ubisoft Entertainment on Sept. 7, 2022, in a deal that values the…
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in BusinessHistorically, what was the euro’s lowest rate against the dollar?
Answer: Euro fell below 99 US Cents for the first time in two decades on Aug. 9, 2022. The euro’s all-time high of $1.18 was achieved shortly after its launch in Jan. 1999, but it then fell to a record low of 82.30 cents in October 2000. The last time the euro was valued below…
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in BusinessWhich company’s CEO was paid highest in 2021?
Answer: Expedia Group CEO Peter Kern, who earned $296.2 million last year, tops the Associated Press and Equilar’s list of top-paid male and female CEOs in 2021, published on May 26, 2022. Expedia Group is an online travel company that operates Expedia.com, Vrbo (previously HomeAway), Hotels.com, Hotwire.com, Orbitz, Travelocity, trivago, and CarRentals.com._x000D_