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Bootstrapped To $1 Billion: How Lectric eBikes Is Dominating The D2C Market Out Of Arizona
How do you build a $1 billion direct-to-consumer business without relying on the traditional venture capital playbook? Forbes' Alex York sits down with Levi Conlow, co-founder and CEO of Lectric eBikes, to unpack how his company became North America’s largest e-bike brand. Despite a shrinking post-boom market, supply chain friction, and looming tariffs, Lectric continues to grow profitably by focusing on operational leverage, aggressive component negotiations, and a radically different approach...
Morocco to See MAD 1 Increase in Diesel Prices Starting Today
Agadir – Diesel costs are set to rise by approximately MAD 1per liter starting on April 16. The adjustment will bring diesel prices in some areas in Morocco from around MAD 14.50 to roughly MAD 15.50 per liter, while gasoline prices are expected to remain stable at about MAD 15.50 per liter. This latest increase followed a continued trend in rising fuel costs observed since the outbreak of recent geopolitical tensions which affect the global energy markets. Diesel prices in Morocco have s...
Mamdani, Hochul team up on pied-à-terre tax: What to know
New York Gov. Kathy Hochul (D) and New York City Mayor Zohran Mamdani (D) have proposed a new tax on property owners who have second homes in New York City worth more than $5 million, in an effort to narrow the city’s budget deficit by targeting the ultrawealthy. The “pied-à-terre tax” would be an annual…
Europe Has "6 Weeks Or So" Of Jet Fuel Left Warns Energy Agency Head
IEA Executive Director Fatih Birol painted a sobering picture of the global repercussions of what he called "the largest energy crisis we have ever faced," stemming from the pinch-off of oil, gas and other vital supplies through the Strait of Hormuz.
New Amazon fees set to go into effect for American and Canadian users
USUS MoneyNew Amazon fees set to go into effect for American and Canadian usersAmazon said the fee is temporary, but did not give an end date for the chargeGraig Graziosi in Washington, D.C. Thursday 16 April 2026 19:45 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"showBookmark":true,"articleId":"b...
Can you qualify for credit card debt forgiveness if your wages have been garnished?
MoneyWatch: Managing Your Money Can you qualify for credit card debt forgiveness if your wages have been garnished? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money secti...
See Pivot In Gold Trading: Suki Cooper
Suki Cooper, global head, commodities research at Standard Chartered Bank, joins Scarlet Fu on "Bloomberg Markets." Gold has fallen about 9% since the start of the war, with a liquidity squeeze in the early weeks of fighting leading investors to offload holdings and cover losses elsewhere. (Source: Bloomberg)
A jury declared Live Nation a monopoly. But ticket prices won't drop just yet
D.C. and 33 states now have to argue in favor of specific remedies and fines, which could be paused if Live Nation appeals. Experts say the long-term impact on ticket prices isn't clear either.(Image credit: Paul Sakuma)
Boeing hiring more than 100 factory workers a week
InternationalBoeing hiring more than 100 factory workers a weekBy Reuters -Apr 16, 2026Boeing is hiring around 100 to 140 factory workers a week, the highest pace since 2024, as the U.S. jetmaker replaces retirees and increases staffing to support higher production rates and new models, a union leader said. Boeing’s unionized factory workers in the Pacific Northwest now number more than 34,000 and are “heading higher,” Jon Holden told Reuters in his first interview as a vice president specializ...
Syrian Pound’s Decline Pressures Markets, What Are the Causes?
Syrian markets have seen a new wave of price increases in recent days, as the US dollar rose to about SYP 13,350 on the parallel market on Thursday, April 16. The increase was immediately reflected in the cost of basic goods, with clear price differences between provinces. The rise comes as the gap between the official and parallel exchange rates continues. The Central Bank of Syria is still fixing the exchange rate at 11,100 Syrian pounds, while the dollar continues to post higher levels in the...
CEO Michael Rubin details Fanatics’ growth while criticism mounts
LOS ANGELES — Michael Rubin, CEO of the sports behemoth Fanatics, offered eye-popping numbers Wednesday when discussing the success of a business that’s grown three arms: merchandising, gambling and collectibles.Originally a sports apparel manufacturer, Fanatics has amassed 140 million customers across its ecosystems, Rubin said at the CAA World Congress of Sports in Los Angeles, a conference hosted by Sports Business Journal. This coming year, he expects the company will gross $3 billion in its...
PepsiCo’s bet on price cuts, brand refreshes pays off; flags Iran war cost risks
InternationalPepsiCo's bet on price cuts, brand refreshes pays off; flags Iran war cost risksBy Reuters -Apr 16, 2026PepsiCo’s price cuts for salty snacks in the U.S. and resilient demand for diet sodas helped it top Wall Street estimates, providing a buffer against growing macroeconomic uncertainty and the threat of higher costs due to the Iran war. Affordability has taken center stage as consumer goods makers lower entry-level price points on snacks, sodas and pantry staples with middle...
Situation in global economy worsening — Russian Finance Minister
Many countries continue pursuing the imbalanced fiscal policy and continue boosting expenses and debts for the geopolitical struggle in conditions of huge budget imbalances and the record high government debt, Anton Siluanov stressed
Budget Airline Halts LA Flights as High Jet Fuel Costs Spill Into US Market
Norse Atlantic ASA, a Norwegian budget airline, has cut all of its flights to and from Los Angeles, citing high costs of jet fuel as disruptions from the war in Iran continue to tighten oil supplies and send prices soaring.
War on Iran leaves $58 billion repair bill across region – report
US-Israel strikes and Tehran’s retaliation are pushing oil and gas facility damage costs toward $50 billion, Rystad Energy projects The US-Israel war on Iran could push regional repair costs in the Middle East to as much as $58 billion, with oil and gas facilities alone accounting for up to $50 billion, according to an analysis released by energy research firm Rystad. However, the report stresses that the main constraint is not funding but limited global capacity to supply key equip...
What PIF pulling funding for LIV Golf would mean for Newcastle United and its Saudi ownership
On Wednesday, The Athletic reported that Saudi Arabia’s Public Investment Fund (PIF) is preparing to pull its multi-billion-dollar funding of LIV, the rebel golf league, according to golf industry sources.The controversial project was launched in 2021, with hundreds of millions of dollars being offered to golf’s leading names. It led to a bitter schism in the sport, with the likes of Brooks Koepka, Bryson DeChambeau, Dustin Johnson, Phil Mickelson, and Jon Rahm among those to sign up for the tou...
Why the UK is preparing for food shortages due to Iran war
The BBC's Emma Simpson explains why fizzy drinks, salad and meat could be affected by the Gulf conflict.
MetLife Stadium train tickets for World Cup games could reach $150
New Jersey’s NJ Transit has this week discussed pricing for a return rail ticket close to or around $150 for a round-trip rail ticket from New York’s Pennsylvania Station to MetLife Stadium for FIFA World Cup games.The 18-mile rail journey, which includes a stop at Secaucus station, ordinarily costs $12.90 for a return ticket — the same pricing for the FIFA Club World Cup final last summer.Advertisement
IPL 2026: Suryakumar Yadav memes break internet after another flop show
Suryakumar Yadav faced intense backlash after a first-ball duck against Punjab Kings, with fans questioning his form and approach. His dismissal left Mumbai Indians struggling early. Strong performances from Quinton de Kock and Naman Dhir highlighted missed responsibility, increasing pressure on Surya to deliver in crucial matches.
KLM cancels flights to and from UK as major airlines face fuel crisis
KLM cancels flights to and from UK as major airlines face fuel crisisKLM is set to cancel more than 100 flights due to the fuel crisis sparked by the war in IranCommentsNewsEliana Nunes News Reporter18:16, 16 Apr 2026Updated 18:28, 16 Apr 2026View ImageKLM Royal Dutch Airlines is the flag carrier of the Netherlands (file)(Image: NurPhoto via Getty Images)A major European airline is set to cancel more than 100 flights - including services to and from London - due to rising fuel costs linked to th...