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Walmart and Target doing all they can to catch up to Amazon

  • Ben Norman
  • 19 Hours ago
  • 0
Can anyone keep up with Amazon? Amazon, which seems unstoppable as a retail giant, continues to grow daily. Brick-and-mortar stores like Walmart and Target are the closest competitors, and even they are struggling to keep up. Walmart, Target, and Kroger are implementing any and all strategies to stop the e-commerce giant. They have raised their […]

President Trump loosens bank regulations

  • Ben Norman
  • 19 Hours ago
  • 0
Congress reaches bipartisan agreement on bank regulations On Thursday, President Trump rolled back regulations on small- and mid-size banks. The Obama administration signed the Dodd-Frank Wall Street Reform and Consumer Protection Act (abbreviated as Dodd-Frank) to increase financial stability after the 2007-2008 financial crisis. Dodd-Frank was successful in stabilizing the economy, but critics believed that […]

President Trump may create automobile tariff

  • Ben Norman
  • 1 day ago
  • 0
Imported car tariffs may be in the near future President Trump’s most recent tariff idea after the aluminum and steel tariffs is on imported automobiles. Trump has stated that he would consider as high as a 25% tariff on all imported cars. Similar to the aluminum and steel tariffs, the President will launch a Section […]

Netflix eclipses Disney and Comcast for media net worth

  • Ben Norman
  • 2 Days ago
  • 0
Netflix is king of the media As of Thursday, Netflix is worth more than Disney and Comcast. Netflix (NFLX) rose to $153.1 billion in market value, and Disney’s (DIS) fell to $152 billion. As of Wednesday, Comcast (CMCSA) is valued at $145.5 billion. Netflix is also worth more than Time Warner, 21stCentury Fox, CBS, and […]

Mergers valued at $2 trillion total in 2018

  • Ben Norman
  • 2 Days ago
  • 0
M&A are here to stay If you’ve been keeping up with the news recently, you may be thinking, “Wow, it seems like there are a lot of mergers happening.” If that is the case, you are correct. In a little under half a year, companies have spent over $2 trillion in deals. Firms are on […]

Starbucks’s new policy towards non-paying customers

  • Crystal Ng
  • 3 Days ago
  • 0
Starbucks’s new policy allows non-paying customers to sit in their cafes and use their restrooms. A video centered on two African American men in a Starbucks in Philadelphia spiraled out of control on the internet. It caught world-wide attention not long ago. The two men, Rashon Nelson and Donte Robinson, were seen to be ushered […]

Adobe acquires e-commerce firm Magento for $1.68 billion

  • Ben Norman
  • 4 Days ago
  • 0
Adobe enters e-commerce industry In order to compete against e-commerce giants Salesforce and Oracle, Adobe bought Magento for $1.68 billion on Monday. This is Adobe’s third-largest deal ever, and it is an important one in expanding their brand. Adobe announced on Monday that they hope to grow their e-commerce platform, creating an end-to-end system with […]

Sony acquires EMI Music Publishing for $2.3 billion

  • Ben Norman
  • 4 Days ago
  • 0
There’s a new music publishing leader in town EMI Music Publishing owns the rights to over 2 million songs, including works by Kanye West, Alicia Keys, Queen, and Pharrell Williams. Sony’s own catalog already includes 2.3 million tracks, including work by the Beatles. This $2.3 billion acquisition will bump their portfolio up to 4.5 million […]

General Electric is selling its rail business

  • Ben Norman
  • 4 Days ago
  • 0
A pioneer is slowly collapsing. The company’s 111-year old branch will come to a close, according to General Electric on Monday. GE will sell its rail business to rival Wabtech for an $11 billion acquisition. The deal will give shareholders roughly a 40% stake in the combined company, and GE will have a 9.9% stake, […]

Coca-Cola unveils Bluetooth-operated soda machine

  • Ben Norman
  • 5 Days ago
  • 0
Coca-Cola still hoping to rebound from the struggling soft drink market You may know of the Coca-Cola Freestyle dispensers, in which you can choose from tens of different options of drink flavors. These options range from Vanilla Coke to Raspberry Sparkling Aquafina. On Friday, Coca-Cola announced their new Freestyle 9100 dispensers, to which consumers can […]

Tesla unveils new $78,000 performance Model 3

  • Ben Norman
  • 5 Days ago
  • 0
Model 3 production may be looking up for Tesla The original Model 3 costs roughly $35,000, and this weekend Elon Musk announced that this price will be more than doubled for the high-performance Model 3. So, what makes it worth more than double the price? According to Musk, the new Model 3 has a driving […]

Starbucks rolls out non-customer sitting policy

  • Ben Norman
  • 6 Days ago
  • 0
Starbucks shows its challengers why it is the leading coffee chain once again In the past, a consumer who wanted to go into Starbucks to hang out and talk with friends could only do so by purchasing food or a drink. As of Saturday, that is no longer the case. A few weeks ago, two […]

Campbell Soup CEO announces retirement

  • Ben Norman
  • 6 Days ago
  • 0
Denise Morrison steps down after seven years Denise Morrison, one of just 24 Fortune 500 female CEOs, announced her abrupt retirement on Friday. Neither Morrison nor Campbell gave any reasoning behind the sudden retirement, but the seven-year CEO will be missed. Keith McLoughlin, a board member of Campbell, will step in as interim CEO until […]

Holographic smartphone to be released this year

  • Ben Norman
  • 8 Days ago
  • 0
Technology is finally approaching movie-level sophistication With the creation of the Nike MAG from Back to the Future, robots that complete tasks, and now interactive holograms, the world is gradually becoming many films’ portrayal of “the future.” The RED Hydrogen One will be releasing on Verizon and AT&T later this year, the company announced this […]

Can anyone save the toy market?

  • Ben Norman
  • 8 Days ago
  • 0
Mattel, Hasbro, and others must make changes in a changing industry With the fall of Toys “R” Us, toy manufacturers are seeing their profits plummet. Mattel – the toy manufacturer that owns Barbie and Fisher-Price – has seen its shares decrease rapidly over the past few years; compared to this time in 2018, their stock […]

Zoetis acquires veterinary research firm Abaxis for $1.9 billion

  • Ben Norman
  • 8 Days ago
  • 0
Zoetis-Abaxis acquisition opens new doors for both companies On Wednesday, Zoetis – the largest animal health and service provider – announced its bid of Abaxis for $1.9 billion. Abaxis uses technology and diagnostics to predict and treat animal diseases like heartworm and Lyme disease. Diagnostics are becoming increasingly important in veterinarian health services, as (clearly) […]

PayPal acquires Swedish firm iZettle for $2.2 billion

  • Ben Norman
  • 8 Days ago
  • 0
On Thursday, the online payment system PayPal announced its purchase of iZettle, a mobile-card reader and point-of-sale analytics system, for $2.2 billion. The strategy is twofold for PayPal – first, this helps them breach the brick-and-mortar market by having a mobile card reader that is widely becoming popular in the US due to a similar […]

Senate rules to overturn FCC’s net neutrality repeal

  • Ben Norman
  • 8 Days ago
  • 0
On Wednesday, the Senate approved to overturn an attempt by the FCC to roll back the net neutrality rules created under the Obama administration. The net neutrality bill prevents Internet service providers from slowing down or speeding up certain websites, depending on traffic and popularity. Republican representatives, who are the ones most in favor of […]

Comcast’s acquisition of Fox only capable with a mountain of doubt

  • Ben Norman
  • 9 Days ago
  • 0
Comcast (CMCSA) is a global leader in cable, and it is seeking to expand its reach in media even further with the acquisition of 21stCentury Fox (FOXA) and British satellite broadcaster Sky. However, to do so, it would be digging itself into a massive financial trench. To acquire Sky, it would have to beat Disney […]

China’s OneSpace launches successfully launches rocket

  • Ben Norman
  • 9 Days ago
  • 0
China, we have liftoff. On Thursday, OneSpace, a privately-owned startup in Beijing, will become the first private company to launch a rocket into space. OneSpace plans on using its rockets for testing and research primarily, but it will also assist companies in bringing small satellites into orbit for purposes such as improving internet in planes, […]
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