Business

As Congress has been deadlocked over a stimulus package, they have attracted many critics. One of them, JPMorgan Chase CEO Jamie Dimon, had some less than flattering words to describe them.

Just 36 hours before Verizon and AT&T were set to unveil their new 5G technology across the country, the CEOs of every major airline signed a request to the Federal Aviation Administration to block 5G within 2 miles of major airports.

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.

On October 5, around 1,400 workers at four different Kellogg’s plants went on strike. The strike has been ongoing ever since, and despite the strike still continuing to this day, there still has been no agreement between the Bakery, Confectionery, Tobacco Workers and Grain Millers' International Union (BCTGM), which represents the striking employees and Kellogg’s. The strike is ongoing at four different locations: Battle Creek, Michigan, Omaha, Nebraska, Lancaster, Pennsylvania, and Memphis, Tennessee. 

On Friday, March 11, Russia announced that it would be categorizing Meta as an extremist organization, which includes Facebook and Instagram, in the country after Meta’s “extremist activities.”

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.

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.

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.

On Thursday, December 9, the European Commission proposed new rules that would require companies like Uber and Lyft to pay drivers and couriers a minimum wage, a practice that so-called “gig workers.” It is estimated that this would affect up to 4.1 million workers.

Source: Thorston Wagner/Bloomberg/Getty Images By Seth Gellman Throughout the pandemic, many have turned to online shopping in order to buy goods that they didn’t feel comfortable...