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  • Gray Phillips
  • 1 year ago
  • 0

CEO of Etsy Steps Down

The online commerce company Etsy announced on Tuesday that its current chief executive would be replaced. The handmade and eclectic goods website reported lower first quarter profits than expected and it’s facing pressure from investors. Once the leader in handmade items, Etsy must now compete with Amazon.com Inc.’s newly release marketplace. Despite a recent lower […]
  • Gray Phillips
  • 1 year ago
  • 0

Greece Agrees to Changes in Return for Bailouts

In an effort to finally pull Greece out of its financial slump, a deal made Tuesday requires the country to make domestic economic changes in return for much-needed bailout payments. Greece’s international creditors agree to financially help Greece on the condition that they raise taxes and lower social spending and pensions. The over €7 billion […]
  • Gray Phillips
  • 1 year ago
  • 0

Pacific Crest Lowers Amazon Rating

Pacific Crest lowered the stock rating of Amazon from overweight to weight after this week of trading. They believe the well-performing internet company has reached a peak and they are expecting a slow in gains. In the past 12 months, Amazon’s stock raised 53 percent with 22.5 percent in 2017. The S&P 500 only had […]
  • Gray Phillips
  • 1 year ago
  • 0

Can Trump Change First Quarter Economic Slump?

Among hopes that the Trump administration would improve economic activity, the U.S. economy in the first quarter grew more slowly than it has in three years. It is too soon to tell how effective Trump’s promise to improve economics, however, recent levels of activity do not paint a positive picture. In the worst performance since […]
  • Gray Phillips
  • 1 year ago
  • 0

Delta Removes Passenger for Restroom Use

Another airline scandal has erupted after a YouTube video of a man being kicked off of a Delta Airlines Flight for using the restroom went viral. On April 18th Kima Hamilton of Milwaukee boarded a plane home and soon realized that he needed to use the bathroom. The Unlikely Disturbance Hamilton was initially told that […]
  • Gray Phillips
  • 1 year ago
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Will Congress Overhaul Financial Regulations?

This week has pitted Democrats and Republicans in the U.S. House and Senate against each other over a Republican bill to dismantle the Dodd-Frank Act. The legislation is a major part of enacting Republicans’ plans to overhaul the financial rules put in place during the recent economic crisis. Jeb Hensarling, the House Financial Services Committee […]
  • Gray Phillips
  • 1 year ago
  • 0

Flying Taxis and the Future of Uber

The future for Uber is all about looking up as the company announced its plan Tuesday at its Elevate Summit in Dallas, Texas to introduce series of aerial taxis to be tested for use. The project will be a collaboration with Aurora Flight Sciences to create the initial vehicles by 2020. The two companies are […]
  • Gray Phillips
  • 1 year ago
  • 0

McDonald’s Masters Change with Big Mac

Several changes in the classic McDonald’s menu benefited the company’s business by a surprising amount. Earnings this past quarter were higher than predicted with a global rise in same-store sales of 1.3 percent and an increase of growth of 4 percent. The menu changes and promotions made by CEO Steve Easterbrook put McDonald’s ahead of […]
  • Gray Phillips
  • 1 year ago
  • 0

Qatar Airways San Francisco Plan Raises U.S. Questions

Qatar Airways announced Monday that it plans to add San Francisco as its twelfth U.S. destination. Additionally, another 11 tentative destinations were announced to be added in the future. The San Francisco service was said to begin sometime in 2018 although specific details were not revealed. The lack of details leaves many doubtful that the […]
  • Gray Phillips
  • 1 year ago
  • 0

Detroit Receives Largest Investment by an Auto Supplier in 20 Years

Monday marked the groundbreaking of Flex-N-Gate Corp’s $95 million manufacturing facility in Detroit, Michigan. The facility will bring approximately 400 to 700 jobs to the city by mid-2018 and is widely considered the largest investment in Detroit by an auto supplier in 20 years. The Illinois-based company, which produces headlamps, bumpers, and other front-end parts […]
  • Gray Phillips
  • 1 year ago
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Britain Spends a Day without Coal for the First Time in 135 Years

A major turning point for energy resources occurred Friday when Britain’s National Grid announced 24 hours had passed without the use of coal energy. This is the first time in the 135 years since the world’s first coal-power plant, Thomas Edison’s Holborn Viaduct station, was built in London that the island has spent a full […]
  • Gray Phillips
  • 1 year ago
  • 0

Small Logging Town in Oregon for Sale

What is small town charm worth? In western Oregon, it is about $3.5 million, or the asking price for most of Tiller, a former logging town in the Umpqua National Forest. The price for this quaint settlement includes more than 256 acres of land in 29 parcels with a range of zonings, as well as […]