Whenever a new industry arises the potential benefits in can have on the surrounding economy are seemingly endless; from becoming an additional source of tax revenue, to the creation of the jobs necessary to support and manage the growth of…
On Thursday Tyson Foods, the largest meat processor in the United States, announced it had raised its stake in plant-based protein maker Beyond Meat. Beyond Meat is owed by Kellogg, the world’s largest cereal maker.
Based in Los Angeles,…
Not to long ago billionaire Richard Branson and Denver startup Boom unveiled the prototype for a supersonic passenger plane; hoping to one day build an airliner which would cruise at 1450 mph whilst accommodating 45-55 passengers.
On Sunday, Venezuelan President Nicolas Maduro announced the creation of a new cryptocurrency. Called the Petro, the new virtual currency will be backed by Venezuela’s oil, gas, gold and diamond reserves. The announcement has highlighted just…
On Tuesday, Arby’s Restaurant Group announced a deal to buy Buffalo Wild Wings (Bdubs) for more than $2.4 billion in cash. Arby’s was founded in 1964, and is the second-largest sandwich restaurant brand in the world.
The deal has Arby’s …
On Thursday, the Department of Energy (DOE) announced the release of 500,000 barrels of crude oil from an emergency stockpile in an attempt to prevent gasoline prices from rising because of the disruptions caused by Harvey. Senator Edward Market (D-MA) had asked the Energy Department to tap into the reserve early Wednesday. The Gulf […] Alex Took No comment
On Tuesday, Germany’s federal government cleared the release of $1.19 billion of funding to help cities tackle diesel pollution. The money will be invested in the hopes of finding traffic solutions to lower air pollution. The German government has said that it wants access to the funds to be as simple as possible, light […]Read More
On Thursday it was announced that Tesla had completed construction and installation of the world’s largest lithium ion battery in Australia. According to the South Australian government, the completion of installation puts the company on track to meet the 100 day deadline in which the battery packs will be turned on. The project is a […]Read More
Over the weekend what has been dubbed the “Paradise Papers” were released. The International Consortium of Investigative Journalists (ICIJ) and 95 of their media partners explored more than 13 million leaked files, making it a global instigation into the offshore activities of some of the world’s most influential companies and people; exposing a number […]Read More
On Saturday President Trump made an appeal to the Saudi kingdom, tweeting, “Would very much appreciate Saudi Arabia doing their IPO of Aramco with the New York Stock Exchange. Important to the United States!” Trump’s tweet came hours before he was set to set to depart for his 11 day tour in Asia, and […]Read More
The international money transfer company TransferWise recently announced it has raised $280 million in new investment. The London based startup’s funding round was led by asset manager Old Mutual Global Investors and Silicon Valley venture capital firm IVP. Previous backers, who also reinvested as part of the fundraising, include venture firm Andreessen Horowitz and billionaire […]Read More
The United States and South Korea are expected to begin joint military exercises on August 21st, despite pressure from North Korea and China to halt the exercises; sparking concern that the drills could dramatically increase tensions with North Korea. The exercises have traditionally been held twice a year, since 1968, typically angering North Korea […]Read More
On Friday, Illinois Republican Governor Bruce Rauner vetoed legislation that would have raised the state’s minimum wage, incrementally over a five year period, from $8.25 to $15. Rauner had said that he believed the hike in wage to be too severe. Illinois Chamber of Commerce expressed their support for the governors veto. The bill […]Read More
On Monday, the CEO’s from Intel Corp, Merck & Co Inc and Under Armour Inc resigned from President Donald Trump’s American Manufacturing Council. The chief executive of drugmaker Merck & Co, Kenneth Frazier, said he made the decision to leave the advisory council because of the president’s reaction following the violence between white […]Read More
On Tuesday, three days after the state government shutdown, Governor Chris Christie signed a budget deal for the state of New Jersey. Governor Christie shut down beaches and other state services last Friday, after Christie and Democratic Assembly speaker, Vincent Prieto, hit a budget standoff centered around just how to restructure insurer Horizon […]Read More
Education Secretary Betsy DeVos recently announced plans to suspend two Obama era regulations designed to protect student borrowers and hold for profit colleges accountable for deceptive tactics. Last month, the California Assn. of Private Postsecondary Schools filed suit in federal court in Washington, DC, to block the borrower defense rules from going into effect. […]Read More
© 2016 Bloomberg News Silas Gbandia and Isis Almeida (Bloomberg) — In July 2014, Adrian ... Read More
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©2016 Bloomberg News Joseph Ciolli (Bloomberg) — The Standard & Poor’s 500 Index ... Read More
©2016 Bloomberg News Luke Kawa (Bloomberg) — Ever since the Federal Reserve began to ... Read More