Joseph LaFave

About the author

Joseph LaFave writes about finance, maritime issues, healthcare, the National Guard, and conflicts around the world. Before becoming a journalist, he worked as an EMT in Florida and as an ESH engineer for Lockheed Martin supporting several DoD and NASA satellites. He holds a Bachelor of Science degree from Florida State University and a Master of Science in Management from Southern New Hampshire University.

Shares of Facebook drop after massive data breach

Social media superpower Facebook announced on Friday that millions of the company’s users have been victims of a data breach. According to Reuters, hackers cracked login codes for “up to 50 million” accounts in what is being called the worst security incident in the company’s history. “This is a very serious security issue, and we’re […]

In spite of sanctions, India to continue buying crude from Iran

India will continue to purchase Iranian crude oil, despite the sanctions from the United States. According to a report from Reuters, the announcement was made by Iranian foreign minister Mohammad Javad Zarif shortly after meeting with Indian diplomat Sushma Swaraj. “Our Indian friends have always been categorical in terms of their intention to continue economic […]

Somalia to get $80 million grant from the World Bank

The World Bank announced on Wednesday that it would send $80 million in grants to Somalia to help the African country enact economic reforms. According to Reuters, this is the first time in almost 30 years that the World Bank has approved any type of funding for the Somalia government. In 1991, the World Bank officially […]

US doubles aid to Rohingya Muslims in Myanmar humanitarian crisis

The United States will be doubling its financial aid to the Rohingya Muslims. According to a report from Reuters, around 700,000 Rohingya Muslims have been displaced from their homes in Myanmar. Nikki Haley, the U.S. ambassador to the United Nations, made the announcement earlier this week. The crisis began in 2017 after Rohingya allied groups […]

Stocks dipped on Monday as relations between Washington and Beijing cool

American markets fell on Monday as the trade war between Washington and Beijing escalated. Both countries implemented tariffs on the other’s exports, and according to a report from CNBC, additional sanctions may still be levied on additional Chinese goods. Worries were further compounded over the weekend when the Chinese government backed out of the upcoming […]

S&P 500’s tech sector goes through historic shake-up

Some of the most important technology stocks listed on the S&P 500 are going through a major shake-up on Monday, September 24. Mega-corporations such as “Alphabet Inc., Facebook Inc., Netflix Inc.,” will be moved from the technology and consumer discretionary sectors and placed into the new comprehensive “communication and media stocks” sector. According to a […]

Despite wobbly week, majority of marijuana company stocks are in the green

Stocks in marijuana companies climbed on Wednesday, with Tilray, a medical marijuana firm, hitting an all-time high of $214.06. (According to Yahoo Finance, the company’s stock hit $300 at one point but eventually fell after the stock’s volatility forced regulators to temporarily forbid trading of the company’s shares.) By Thursday, however, Tilray was dropping quickly. […]

Port of Wilmington becomes largest UAE run company in US

Gulftainer, a “port management” and logistics firm based out of the United Arab Emirates (UAE) agreed to a 50-year, $600 million deal to run the Port of Wilmington in Delaware. According to a press release from Gulftainer, this agreement, which was announced on Wednesday, will be “the largest operation ever run by a UAE company in […]

US imposes tariffs on $200 billion worth of Chinese imports

On Monday, President Trump announced a new wave of tariffs on Chinese imports. Robert E. Lighthizer, the United States Trade Representative (USTR), has been ordered to place new tariffs on approximately $200 billion worth of Chinese imports at a rate of 10 percent, according to an official statement from the White House. The new tariffs are set to […]

As coffee prices drop, some growers turn to farming coca

Coffee aficionados around the globe cringed because the price of coffee is still at historic lows. According to Reuters, the World Coffee Producers’ Forum announced on Monday that the industry is currently facing an economic crisis due to the decline of coffee prices, meaning many farmers are “operating at a loss.” Some of the farmers […]

Venezuela and China sign agreements, opening up the South American country’s oilfields

Venezuela and China signed valuable deals and cooperation agreements on Friday, some of which give China access to the South American country’s coveted oil fields. According to Reuters, Venezuela’s president Nicolás Maduro traveled to Beijing on Wednesday in search of an “economic agreement” to boost Venezuela’s collapsing economy, “I am going with great expectations and […]

Following iPhone announcement, Apple leads tech skyward

Apple’s stock rose almost two and a half percent a day after the tech juggernaut announced it’s latest iterations of the iPhone. According to Reuters, Apple’s climb pushed the rest of the tech sector up, with technology firms seeing a rise in shares across “all three major U.S. stock indexes on Thursday.” Apple’s competitors Alphabet […]