GREY Journal Daily News Podcast

Amazon CEO Andy Jassy highlights the role of attitude in achieving success. He began his career at Amazon in 1997 and played a significant role in establishing Amazon Web Services (AWS), which generated $13.5 billion in annual operating profit by 2020 and constituted over 63% of the company’s total operating profit. Jassy identifies key components of a successful attitude as hard work, commitment,...

Billion-dollar exits increase in 2023, with 11 U.S. venture-backed startups going public or being acquired at valuations over $1 billion, more than double the number from last year. Google plans to acquire cybersecurity company Wiz for $32 billion, potentially the largest acquisition of a venture-backed startup. This month sees momentum in exits, including SoftBank's $6.2 billion purchase of Amper...

Point Roberts, Washington, faces economic challenges as a U.S. exclave dependent on Canadian visitors. Tariffs from trade disputes have strained local businesses, leading to concerns about the town's survival. The five-square-mile area experiences decreased Canadian tourism, affecting commerce and prompting reports of harassment linked to nationality. Community leaders emphasize the need for elect...

Companies can enhance employee retention by offering higher salaries, as this approach reduces turnover costs and creates workforce stability. Psychologist Adam Grant highlights that replacing an employee may cost a company up to twice the employee's annual salary. Retaining employees can yield similar salary increases as switching jobs, with recent data showing a 4.6% increase for those who stay...

A fire at an electrical substation near Heathrow Airport caused a major power outage, leading to flight cancellations and disruption for thousands of travelers. The incident occurred before midnight on Thursday, prompting airport officials to halt operations for safety. The London Fire Brigade responded with 10 fire engines and 70 firefighters; they contained the fire and will conduct ongoing safe...

Apple TV+ incurs annual losses exceeding $1 billion despite having 45 million subscribers. The company allocates over $5 billion yearly to create original content, contributing to a total of over $20 billion spent since 2019. Apple TV+ captures only 0.2% of overall U.S. viewership. Competitors like Netflix and Disney+ surpass Apple TV+ in subscriber numbers, with Netflix at over 300 million and Di...

The Boston Celtics reached a sale price of over six billion dollars, marking a historic moment in sports. Bill Chisholm, managing partner at Symphony Technology Group, agreed to purchase the team for $6.1 billion, pending NBA Board of Governors approval. This sale exceeds the previous record of $6.05 billion set by the Washington Commanders in 2023 and the NBA record of $4 billion established by t...

The Federal Reserve maintains its benchmark interest rate while projecting two potential rate cuts within the year, despite persistent inflation concerns. Economic growth forecasts decrease to 1.7% for 2025, and inflation expectations rise to 2.7%, above the target of 2%. Eight Federal officials express caution regarding rate reductions. Fed Chair Jerome Powell links tariff impacts from the previo...

Federal Reserve officials kept interest rates steady at a target range of 4.25% to 4.5%. The Federal Open Market Committee confirmed this decision, unchanged since December. Chair Jerome Powell stated that the Fed would wait for more clarity on economic policies, especially regarding tariffs. Analysts noted that the current rate maintenance was anticipated and highlighted the need for clearer guid...

On March 19, 2025, President Trump fired two Democratic commissioners from the Federal Trade Commission (FTC), Alvaro Bedoya and Rebecca Kelly Slaughter. The dismissed officials plan to challenge their firings in court, asserting their legality. This action strengthens Trump's control over the FTC, which enforces consumer protection and antitrust laws, and allows for new appointments that align wi...

USDA proposes budget cuts affecting various programs. These cuts could lead to increased grocery prices due to reduced support for food safety and agricultural programs. Additionally, the decreased funding may result in higher risks of invasive species infestations, which pose threats to crops and ecosystems. Stakeholders express concern about the potential impact on food supply and market stabili...

Job switching shows limited financial benefits, with recent data indicating narrowing salary growth for both job stayers and switchers. Federal data reveals that salaries for employees who remained in their positions increased by 4.6% in early 2025, while those who switched jobs saw a slight rise of 4.8%. This change marks a drop from early 2023, when stayers experienced a 5.5% increase compared t...

European nations consider the fate of $300 billion in frozen Russian assets to support Ukraine's military and reconstruction efforts. The funds currently remain frozen, with concerns about potential violations of international law and financial market instability. These assets, primarily held in European Union member states, originated as reserves for the Russian central bank. G7 nations have fund...

Four Seasons launches a $200,000 private jet tour featuring stays at luxury hotels from 'The White Lotus.' This package includes private jet transport, upscale accommodations, and tailored experiences over several days. Guests will visit Maui, Palm Beach, and Sicily. This initiative serves as a marketing strategy, with Four Seasons collaborating with the show's creators prior to the release of Sea...

US shoppers increased spending by 0.2% in February following a 1.2% decline in January, according to the Commerce Department. Retail growth occurred in grocery stores, home and garden outlets, and online shopping. Sales fell at auto dealerships, restaurants, and electronics retailers. The growth reflects a cautious spending approach amid stock market declines and uncertainties related to tariff th...

Chinese food and beverage brands are expanding in Southeast Asia, offering alternatives to American chains like Starbucks and McDonald's. The Mixue Group has become the largest food and beverage chain globally by outlet count, with over 45,000 stores, including more than 2,600 in Indonesia. The brand provides affordable items, such as a $1.10 cup of brown sugar milk tea. By December, over 6,100 Ch...

Apple plans to launch a live translation feature for AirPods in 2025. This feature enables two users, each with AirPods linked to iPhones, to converse in different languages. One user speaks in their native language, and the listener's iPhone translates the speech into the listener's language, delivering the translation as audio through the AirPods. The listener can then respond in their own langu...

Changes to student loan repayment plans create uncertainty for borrowers. Recent adjustments by the Trump administration impact individuals managing repayments. A court ruling halted several Biden-era programs, leading to the removal of online and paper applications for income-driven repayment plans. This affects those who lost jobs and could have qualified for reduced payments. Confusion arises a...

Toll text scams are increasing, with a 900% rise in searches for "toll road scams" in three months. The prevalence of these scams has quadrupled between January and February. Hackers bypass security features on devices, prompting users to respond to harmful links. Reporting these messages provides temporary relief, as scammers quickly shift to new numbers. The FBI documented over 2,000 complaints...

President Donald Trump announced a potential 200% tariff on European wine, champagne, and spirits in response to the European Union's planned tariff on American whiskey, which may take effect by April 1. Trump criticized the EU for its taxation and tariff policies, asserting that the EU aims to undermine the U.S. If the EU does not withdraw its tariff proposal, the U.S. will impose significant tar...

U.S. inflation slowed in February, with the consumer price index increasing by 2.8% year-over-year, a decrease from the previous month's 3%. Core prices, excluding food and energy, rose by 3.1%, down from 3.3%. Despite these declines, inflation remains above the Federal Reserve's 2% target, and experts anticipate ongoing higher inflation levels due to implemented tariffs. Monthly consumer prices o...

The great wealth transfer, totaling $124 trillion, will occur by 2048, shifting wealth from Baby Boomers to their heirs. A report from the Bank of America Institute estimates nearly $100 trillion of this transfer will benefit women, with approximately $47 trillion going to younger women through inheritance and $54 trillion to surviving spouses, mostly women. By 2030, women in the U.S. are expected...

Annual inflation in the U.S. decreased to 2.8% in February, down from 3% in January and 2.9% in December. The U.S. Bureau of Labor Statistics indicates that core prices increased at half the rate seen in January, largely due to falling airfare, shelter costs, and auto insurance. Core goods rose by 3.1% year-over-year, the slowest since April 2021, influenced by higher medical care, used cars, and...

U.S. inflation has slowed, with the consumer price index rising 2.8% in February, down from 3% in January, marking the first decline since September. Core prices increased by 3.1% year-over-year, showing the lowest rate in nearly four years. The Federal Reserve's target remains at 2%. Ongoing tariffs on steel and aluminum, implemented on March 11, may maintain high prices. These tariffs contribute...

MrBeast, also known as Jimmy Donaldson, operates a highly successful YouTube channel with 372 million subscribers. His chocolate brand, Feastables, has outperformed his media business, generating $251 million in sales and over $20 million in profit last year. In contrast, his media business reported $246 million in sales but suffered an $80 million loss due to high production costs for the Amazon...