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Jun20, 2018

China’s stock market in shambles after tariff threats

Looming trade war troubles China China’s stock took a massive blow on Tuesday after President Trump amidst fear of a trade war with the United States. Over a thousand stocks fell by more than 10%, and the Shanghai Composite Index…
Jun20, 2018

GE kicked from Dow

GE faces the end of an era On Tuesday, the S&P Dow announced that Walgreens Boots Alliance will replace General Electric in the Dow Jones Industrial Average, marking the first time in 110 years that the company will not be…
Jun20, 2018

Bithumb most recent crypto exchange to get hacked

Crypto hacks continue Cryptocurrency rates fell as South Korean crypto exchange firm Bithumb gets hacked on Wednesday – the second firm in a month to be breached. Bithumb reported on Wednesday that hackers stole roughly 35 won ($32 million) in…
Jun20, 2018

Uber Releases Two New Projects

Waiting for your Uber driver just became a way of saving money on travel. Uber, the ridesharing company founded back in 2009, now offers a new feature which lets riders wait longer in exchange for cheaper fares. The new feature…
Jun20, 2018

SurveyMonkey Expected to go Public

After 20 years of existence, SurveyMonkey is finally going public. The survey-software company started during the dot-com era and has become the largest survey company in the world. The company helps their customers collect online survey data to people around…
Jun20, 2018

Trump threatens more tariffs against China

Trump tariffs trigger trade war This Monday, President Trump stated that he will impose a 10% tariff on $200 billion worth of Chinese goods. On Friday, the president announced that he will impose a 25% tariff on $50 billion worth…
Jun19, 2018

Ford Motor Co. Buys Michigan Central Station

Michigan Central Station is no longer abandoned after decades of vacancy. Ford Motor Company has purchased the 18-story building and executive chairman Bill Ford plans on upgrading. Bill Ford, the great-grandson of Henry Ford, issued the following statements: “I kept…
Jun18, 2018

Tesla making progress on Model 3

Slow and steady wins the race, right? Tesla announced on Saturday that it is finally producing 3,500 Model 3’s a week – a figure that comes closer to their original 2017 goal of 5,000 per week. Electrek received the news in…
Jun16, 2018

Oprah signs deal with Apple

Apple trying desperately to catch up to Netflix and Amazon Apple announced Friday that Oprah Winfrey has signed a multiyear deal to create original content for the tech giant. The deal gives Apple a special weapon to hopefully help the…
Jun15, 2018

Domino’s will fix potholes

Philanthropic pizza paving potholes In an attempt to help the fate of their customers’ pizza and the face of their company’s brand, Domino’s will fund the fixation of potholes in chosen cities. Anyone with access to the Internet can nominate…
Jun13, 2018

AT&T-Warner acquisition approved

AT&T-Warner trumps lawsuit On Tuesday, Judge Richard Leon approved AT&T’s acquisition of Time Warner Cable – a deal worth $85 billion, one of the biggest acquisitions in the 2000s. The acquisition created a massive six-week antitrust trial, as AT&T’s massive…
Jun13, 2018

ZTE stock tumbles after settlement

ZTE takes 1-2 punch in last week On Wednesday, tech firm ZTE resumed trading for the first time in eight weeks after the US Commerce Department issued a ban on all domestic exports to the company. Moreover, the US government…
Jun12, 2018

Delaware and New Jersey Legalize Sports Betting

Last Tuesday, Delaware became the first state outside of Nevada to offer sports betting. On this historic day, $322,135 of bets were placed, including a $10 bet on the Philadelphia Phillies by Delaware Gov. John Carney (Phillies won 6-1). This…
Jun11, 2018

Fitbit’s share value surged on Monday

Citron bets on Fitbit Wearable technology company Fitbit saw its stock rise 15% on Monday after praise from short-seller Citron Research. The firm, which recently forecasted Snapchat’s turnaround, reported that Fitbit’s stock price could increase by more than 200% in…
Jun11, 2018

American Express to roll out eco-friendly card

AMEX shows it’s not all about the money American Express announced Monday that it will soon offer a credit card manufactured from plastic trash recycled from the Earth’s oceans. Although the movement will not do much to remove plastic from…
Jun11, 2018

Crypto exchange Coinrail gets hacked

When will cryptocurrencies be regulated? Korea-based cryptocurrency exchange firm Coinrail got hacked on Sunday, losing $40 million in altcoins – coins that aren’t Bitcoin or Ethereum. Unfortunately for crypto investors, the coins were not stolen from the company itself; instead,…
Jun07, 2018

Coinbase on track to be regulated financial business

Don't sleep on crypto The cryptocurrency exchange company Coinbase reported on Wednesday that it has bought three companies that will allow it to soon become a fully-regulated company. In one deal, its parent company Key Acquisition purchased financial tech firms…
Jun07, 2018

Trade deficit reaches seven-month low

Controversial tariffs not making waves yet The Commerce Department announced on Wednesday that the trade deficit dropped 2.1% in April, making the month’s deficit $46.2 billion. This figure is down 2.1% month-to-month, with March’s deficit valuing at $47.2 billion. Both…
Jun05, 2018

Twitter Joins S&P 500

Don’t sleep on Twitter Five years after its initial public offering, Twitter will join the S&P 500. Twitter will replace Monsanto as the latest company in the S&P 500, a stock market listing of the largest companies traded on the…
Jun01, 2018

Amazon tightens policy in Australia

Make way for an Amazon-Aussie standoff Starting on July 1st, Australian consumers will face more restrictions from e-commerce giant Amazon. Consumers in Australia will no longer be able to purchase goods from Amazon’s international website (the one that most consumers…
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