Thursday, September 23, 2021

NYC terminates contracts with Trump Organization

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fter the devastating terrorist attack on the Capitol incited by our ex-President who had a blatant disregard for the facts, the City of New York plans to terminate future business contracts with him, along with several private businesses.

How One Subreddit Changed the Stock Market Forever

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Many have debated the effect of social media platforms on the stock market for years. One subreddit, WallStreetBets, known as a forum for many to discuss stock options and their gains/losses in a more lighthearted tone, has become central in a movement that is rocking Wall Street.

Musk Passes Bezos, Becomes Richest Man in World

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On January 7th, Elon Musk officially passed Jeff Bezos as the holder of the title richest man in the world.

Stock Market Largely Unaffected by Impeachment Proceedings

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As the Capitol was swarmed by insurrectionists, the stock market didn’t bat an eye. Many thought that they would panic, but that was not the case. While rioters stormed the capitol, the market was still hitting record highs.

Salesforce to Acquire Slack in $27.7 Billion Deal

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Salesforce, a company that primarily deals with digital customer service, is set to buy Slack for 27.7 billion dollars. Salesforce just recently passed 20 billion dollars in their annual revenue. With their recent increase in revenue, they are willing to take a gamble in buying Slack.

Porsche Invests in E-Fuels and Electric Vehicles

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On top of their ambitious goal to have half of all models by 2025 electrified, Porsche is looking to develop “e-fuels” to replace gasoline in nonelectric vehicles.

Is Your Bank Contributing to Global Warming?

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Anyone who deposits money in a bank can reduce the amount of funding companies contributing to global warming get. The key is to switch from keeping money in a bank that gives fossil fuel companies money to one that does not.

Facebook sued by FTC and 48 Attorneys General

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On Wednesday, December 9th, the FTC announced that they were suing Facebook in the District of Columbia. In addition, 48 attorneys general are suing in conjunction, from 46 states, Guam, and the District of Columbia. The FTC alleges that Facebook has a track record of anticompetitive business practices that break antitrust laws.

Locally Owned Businesses to Buy From This Holiday Season

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Instead of buying something from a chain, a gift from a small business can arguably be way more special and personalized, so here’s a list of some great locally owned businesses to buy from this holiday season.

Elon Musk Becomes Second Richest Man in World

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Elon Musk officially surpassed Bill Gates on November 24th to become the second richest man in the world as Tesla’s value reached more than $500 billion. As President-Elect Joe Biden, a clean energy advocate, officially starts his transition, Tesla shares rose once again, a common pattern throughout the year.

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