Could Pinduoduo Be the Best Chinese Stock to Own?

China-based social e-commerce platform Pinduoduo (NASDAQ: PDD) stock has been a rocket ship since its blowout Q3 2022 earnings report. Unlike China’s largest e-commerce and internet company JD.com (NYSE: JD), Pinduoduo incorporates an interesting twist to e-commerce by adding a true social element to purchases. It’s kind of a cross between Amazon (NASDAQ: AMZN), eBay…

Labor Dept. Investigation Finds McDonald’s Franchisee Violated Child Labor Laws

Opinions expressed by Entrepreneur contributors are their own. The Labor Dept. found child labor violations involving more than 100 minor workers at 13 Pittsburgh, PA, McDonald’s locations. The franchisee allowed 14- and 15-year-old employees to work outside permissible hours, according to the U.S. Department of Labor’s Wage and Hour Division. Labor listed the violations in…

Apple Lets Developers Charge Up to $10,000 For Apps

Opinions expressed by Entrepreneur contributors are their own. Apple announced Tuesday that it would be adding 700 new pricing tiers for apps on its App Store, with prices starting at $0.29 and going up to $10,000. High-end pricing tiers will be available “upon request” by developers. NurPhoto | Getty Images This change comes as Apple…

Report: Hundreds of Layoffs Set to Hit PepsiCo

Pepsi is set to be the latest company inciting a round of massive layoffs, according to a new report by the Wall Street Journal. The company (which oversees soft drinks like Gatorade and Pepsi as well as popular snack brands like Lays and Doritos) reportedly will target hundreds of employees in the beverage division in…