Bitcoin and Ethereum are both down significantly

What is the future for cryptocurrencies? At their highest points, Bitcoin and Ethereum were valued at $20,000 and $1,400, respectively. Since then, they have slid to $6,250 and $290, respectively. These 68 and 79 percent decreases have exemplified the rapid fall and distrust of cryptocurrencies – even the most popular ones. The exploding growth of […]
  • Ben Norman
  • August 15, 2018
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Google is spending $600 million on data center

Data development Google announced that it will invest $600 million into its data center outside Charleston, South Carolina. The data center is integral to Google’s company, as it is one of their only data centers. It helps operate some of its flagship programs like Gmail and Google Drive, which many consumers use and love. Google […]
  • Ben Norman
  • August 15, 2018
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MoviePass changes policy again

Has MoviePass finally found the solution? MoviePass, the subscription-based movie ticket service has changed its offerings once again, and it thinks that it has finally solved its expenses problem. The company originally offered one movie a day for $10 a month, but this cost them heavily with consumers that actually took advantage of the daily […]
  • Ben Norman
  • August 9, 2018
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Paper straw producer acquired

All about the paper The only US producer of paper straws, Aardvark Straws, was acquired by manufacturer Hoffmaster Group on Monday. As cities and companies start leaning away from plastic straws, the demand for paper straws has skyrocketed. Aardvark was not able to produce the demanded amount of straws under their previous financial structure, so […]
  • Ben Norman
  • August 8, 2018
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Wilbur Ross allegedly siphoned millions of dollars from associates

Commerce conundrum According to a report by Forbes, Commerce Secretary Wilbur Ross may have illegally siphoned over $120 million from business associates in the past. Forbes sat down with over 20 of Ross’s associates from his private equity firm WL Ross & Co., who all reported the amount of money Ross stole from them. In […]
  • Ben Norman
  • August 8, 2018
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Elon Musk considering taking Tesla private

Tesla tossup Elon Musk announced on Tuesday that he is considering taking the company private, as he loathes having to constantly answer to investors. In fact, Elon Musk even tweeted that he had secured funding to make it go private “at $420.” Although nothing has been confirmed, investors are still shaking at the thought of […]
  • Ben Norman
  • August 7, 2018
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Brookstone files for bankruptcy

Bankrupt Brookstone Technology and furniture retailer Brookstone announced on Thursday that it will file for Chapter 11 bankruptcy. The company reported that it will close all of its mall stores but will keep its airport locations. Brookstone is still looking for a buyer and has received a $30 million loan to operate while it waits. […]
  • Ben Norman
  • August 3, 2018
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Sweethearts manufacturer will close

Not so sweet ending The parent company of the manufacturer that makes Necco and Sweethearts announced over the weekend that has closed abruptly. Round Hill Investments, the parent company, reported that it will sell its Necco brands to another manufacturer and close its factory in Revere, Massachusetts, effective immediately. This comes after their $17 million […]
  • Ben Norman
  • July 30, 2018
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Italy’s UniCredit hopes to merge with France’s Societe Generale

Will there be a new super-bank in town? The Financial Times reported on Tuesday that two of Europe’s largest commercial banks could potentially merge soon. Italy’s UniCredit hopes to acquire Societe Generale in one of the biggest bank acquisitions of all time. However, a deal is far from definitive. UniCredit did not comment on the […]
  • Ben Norman
  • June 6, 2018
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