Thursday, August 11, 2022

Treasury Secretary Yellen Calls Meeting to Discuss Market Volatility

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.

NYC terminates contracts with Trump Organization

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

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

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

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

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

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?

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

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

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.

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