Monday, July 26, 2021

Colonial Pipeline Shuts Down Amid Cyber Attack

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Many have criticized the national infrastructure in the United States in the past, arguing that it was vulnerable to cyber attacks. This vulnerability was exposed last week, as the Colonial Pipeline, a massive pipeline that transports millions of gallons of gasoline and other fuel from Houston to New York, shut down over a ransomware attack.

Facebook Oversight Ruling

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After the January 6th riot, the social media company Facebook made the decision to suspend then-President Donald Trump’s Facebook account until at least January 20 - the end of Trump’s term. The decision, along with Twitter’s decision to permanently ban Trump, has drawn ire and concerns from many. Republican lawmakers have been especially vocal about Trump’s bans from social media. In order to reach a permanent decision on whether or not to keep Trump suspended has been left up to Facebook’s Oversight Board.

Foxconn Scales Down Wisconsin Plant

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Foxconn, the Taiwanese electronics maker, announced in 2017 that they would build a massive electronics factory in Wisconsin. It was touted by then-President Donald Trump as the “eighth wonder of the world.” And there was good reason to be hyped up for it: it had a pledged investment of $10 billion and 13,000 new jobs.

ROBLOX Releases IPO Stock

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On Wednesday, March 10, ROBLOX opened up with a stock valuation of $69.50/share. Since then, share prices are up a dollar to $70.50, but it wasn’t a gradual rise.

Amazon Care goes Nationwide

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The virtual care program will go into effect across the nation by summer, but the in-person services will remain only in Washington D.C. and Washington state.

The History of Burger King’s Bad Ads

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The company made some very controversial posts on Twitter for International Women’s Day, an important holiday celebrating the accomplishments of women around the world and the continuing struggle for rights such as equal pay.

E.U. and U.S. Temporarily agree to halt Tariffs

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The United States and the European Union suspended tariffs on aircraft, wine, food, and other products as they seek a long term agreement. President Biden and EU commissioner Ursula von der Leyen agreed on March 5 to stop all tariffs for four months.

U.S. Boasts 379,000 Job Gain in February

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Charlie Ripley, Senior Investment Strategist for Allianz Investment Management, said “The ship is pointed in the right direction.”

Democrats Start Process Toward Stimulus Package

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Democrats have been racing to enact their $1.2 trillion stimulus package before early March, which is when federal jobless benefits are set to expire.

Treasury Secretary Yellen Calls Meeting to Discuss Market Volatility

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After the major upturn from Gamestop’s erratic share price, many were confused or anxious about where the story would go. One of those people is Janet Yellen, the new Treasury Secretary.

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