Peter Mondrose
Peter Mondrose is the Editor-In-Chief at BusinessPundit. He received his degree in Economics in 1998 and a second degree in Journalism in 2004. He has served as a financial adviser, market trader, and freelance journalist for the last 11 years. When he's not investigating market conditions and reporting on workplace news, he can be found traveling with his wife, dog, and laptop. He can be reached at OnlineDegree.com.
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GoPro surges after Red Bull invests in the company
GoPro shares surged by 7% after the company announced a new investment from energy drink company Red Bull. The extreme sports camera equipment company has watched its stock plunge by 45% this year. Its shares are still trading 90% below its all-time high since going public in 2014. Red Bull is getting GoPro stock as […]
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One of China’s billionaires wants Disney to fail miserably in Shanghai
Chinese billionaire Wang Jianlin is hoping Disney will fail miserably with its new theme park set to open in Shanghai next month. Jianlin believes it will take the $5 billion park at least 10 to 20 years to turn a profit. Wang’s Dalian Wanda Group is also in the theme park business, and he says […]
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Golfer Phil Mickelson was unknowingly involved in insider trading
Golfer Phil Mickelson has been named in an insider trading case brought forward by the Securities and Exchange Commission Thursday morning, according to a filing. Mickelson received insider tips from sport bettor Billy Walters, one of the co-lead defendants in the case, regarding Dean Foods. Walters received his information from Dean Foods chairman Thomas Davis, the other co-lead defendant. […]
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Could soccer be Buffalo Wild Wings’ saving grace?
Buffalo Wild Wings just reported a wildly disappointing first quarter with same-store sales down 1.7%. That despite the fact that the end of the football season and March Madness both occurred in the quarter. Now the company is hoping that a different type of sport can help bolster sales — soccer. “Soccer is a growing […]
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NBA ‘League Pass’ sets a new record for subscribers and views
The NBA revamped its “League Pass” digital streaming service and changes to the platform helped generate a record number of digital subscriptions, game views and total minute viewership during the 2015-16 season. Among the platforms newest features was the ability for fans to purchase access to individual out-of-market games. NBA League Pass domestic and international digital […]
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Microsoft and Facebook celebrate equal pay day by closing the wage gap
April 12 is equal pay day and both Microsoft and Facebook are using this time to announce that they have officially closed the gender pay gap at their respective companies. The tech industry has been traditionally slanted towards men and with it has traditionally arrived larger salaries, an issue that has moved to the forefront […]
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Gary Woodland took off his pants to hit a shot then learned an important product endorsement lesson
PGA Tour golfer Gary Woodland became an internet sensation when he decided to take off his pants to hit a shot at the Honda Classic. Woodland was wearing white pants and he realized they would become covered in mud if he stepped into the water to hit an awkward shot. At a recent event to […]
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Canadian island will accept Americans if Donald Trump wins
A Canadian island has invited Americans to move and eventually become citizens if Donald Trump wins the US Presidency. “Hi Americans! Donald Trump may become the President of your country! If that happens, and you decide to get the hell out of there, might I suggest moving to Cape Breton Island!” says the Destination Cape […]
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Nike has dropped Manny Pacquiao for his anti-gay ‘animal’ comments
Nike has dropped Manny Pacquiao after the famed boxer said gay people are “worse than animals.” In a statement, Nike said it found Pacquiao’s comments “abhorrent.” “Nike strongly opposes discrimination of any kind and has a long history of supporting and standing up for the rights of the LGBT community,” the statement read. “We no longer […]
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Giphy just closed a $55 million series C funding round
Giphy has closed a $55 million Series C funding round, valuing the company at $300 million post-money. The newest round of cash was led by Lightspeed Venture Partners with participation from General Catalyst Partners, RRE, Betaworks, Lerer Hippeau Ventures, CAA, and other existing Giphy investors. Giphy launched in 2013 with the goal of becoming the […]
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Elon Musk says Tesla ‘over-engineered’ the Model X SUV
Tesla CEO and founder Elon Musk says the Model X SUV was “over-engineered” and “there was some hubris with the Model X” which led to delays in delivering the vehicle. According to the Tesla CEO, everything from the seals around the windows to the construction of the second-row seats proved to be hurdles. The tech […]
