Tuesday, May 7, 2024

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.

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.

Pharmaceutical and Biotechnology Stocks Increase After Vaccine Announcements

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The stocks of several pharmaceutical and biotechnology companies rose after they announced the successes of their COVID-19 vaccine trials. And some have already submitted them for emergency approval from the FDA. These vaccines have been considered to be at least 90% effective. The stocks and investors of these companies will have obviously benefited financially as a result of these announcements.

Cyber Monday Breaks Records

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As one of the most important days for shoppers and companies alike, Cyber Monday has generated millions annually in recent years. Some of the best sales are released, and consumers often jump on the purchase.

Pelotons Rise in Sales as Lockdown is Reinstated

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After months of lockdown due to the COVID-19 pandemic, people have been looking for new ways to exercise without going to gyms. Many turned to Pelotons, or exercise bikes where an instructor can teach an online exercise class to any who would like to join.

Amazon Buys MGM in Blockbuster Deal

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By Nathan Weiss With Jeff Bezos at the head, Amazon has continued to rage on in the business world. From its roots as the world's...

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 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.

Why Gas Prices Are Skyrocketing

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In the last few weeks, gas prices have surged across America, leading drivers to look for an explanation. Regular gas prices reached $4.25 a gallon this week.

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.

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