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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 […]

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, […]

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, […]

Fire of a magnesium-parts plant suspends Ford’s F-Series

  • Ben Norman
  • 9 Days ago
  • 0
When the Meridian Magnesium Products of America’s main factory in Michigan was set ablaze by afire two weeks ago, so were the jobs and future sales of Ford and its employees. Magnesium parts have a high demand due to their light and sturdy attributes, which allow car manufacturers to increase fuel efficiency while keeping costs […]

Tesla loses major executives during struggles with Model 3

  • Ben Norman
  • 9 Days ago
  • 0
Tesla has lost a couple of their major executives in the past week, foreshadowing a rapid decrease in stock price that has already started to creep up after concerns about the success of the Model 3. First, Tesla’s director of field performance engineering Matt Schwall left his position to join Waymo, a self-driving car technology […]

Carolina Panthers bought by hedge fund founder for $2.2 billion

  • Ben Norman
  • 10 Days ago
  • 0
The Carolina Panthers are officially the most expensive franchise NFL team in history. After being purchased for $2.2 billion by David Tepper, the founder of hedge fund Appaloosa Management, they have eclipsed the Buffalo Bills as the NFL team with the highest purchase price. In 2014, the Bills were purchased for $1.4 billion, nearly a […]

Are you willing to pay $999 for an iPhone?

  • Crystal Ng
  • 23 Days ago
  • 0
iPhone X is not selling well because of its high price. Apple’s earnings report show an increase. Perhaps it’s because of how frequent each generation of iPhones are getting released, or maybe because of the increased number of competitions in the market, the latest iPhone, the iPhone X, seems to be lacking behind in the […]

Is Amazon making its profit off Prime members?

  • Crystal Ng
  • 25 Days ago
  • 0
Amazon’s earnings in the first quarter is twice of its earnings before. The company plans to increase its Prime membership fee by 20%. Towards the end of last month, Amazon has announced that its earnings have exceeded expectations, reaching an astronomical sum of $1.6 billion. That is twice of its earnings before. With that said, […]

How does tax liability affect the value of Bitcoin?

  • Crystal Ng
  • 1 month ago
  • 0
The changes in the value of Bitcoin has been explained by tax burdens. The $20 billion downdrafts in the past two weeks may be because of the selling of $1 billion of Bitcoin. Once again, investors are startled by the sudden fluctuations of the largest cryptocurrency, Bitcoin. Unlike the usual, however, the changes in the […]

Will wealth loss lead to the end of one’s life?

  • Crystal Ng
  • 2 Months ago
  • 0
Chicago researchers found that sudden wealth loss increases mortality rate. Majority of the affected individuals belong to the middle-age group. The Journal of the American Medical Association published a finding on Tuesday. It confirms what we have known for some time now. Apparently, losing a fortune really can end one’s life. This came from a group […]
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