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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. […]
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 […]
Media outlets the world over have been reporting on Air Force documents outlining the projected costs associated with establishing a new branch of the American armed forces tasked specifically with orbital defense (Space Force), and based on the headlines, it seems like many outlets have never seen the defense budget before. According to the Air […]
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 […]
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 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 […]
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 […]
The Nike ad featuring Colin Kaepernick may have stirred some controversy, but when you break down the demographics and their markets it isn’t nearly a controversial business decision as many have made it out to be. This was a no risk-free marketing campaign for Nike, regardless of the negative backlash, and here is why. Nike […]
In the past two years, President Trump has enacted tariffs on $16 billion worth of Chinese and Canadian goods. Predictably, the Canadians countered with $12.6 billion in retaliatory duties against US exports. The Chinese followed. In addition, in his most sweeping action to date, the president slapped a 25 percent tariff on all foreign steel […]
Crude oil prices rose sharply Wednesday, driven up by a decline in the U.S. oil supply, and the expected effects of a new wave of sanctions on Iran. Iran is an influential member of the Organization of the Petroleum Exporting Countries (OPEC) and one of the worlds largest oil producers. Brent crude, a benchmark oil, crossed […]
On Sept. 7, 2018, Ivanka Trump tweeted that the “August unemployment rate in America has only been below 4% nine times since 1970. Four of these times have occurred this year.” According to the Bureau of Labor Statistics, April, May, July, and Aug. are the four months she referred to, May being the lowest at 3.8 percent. It […]
The Boeing Company revised its estimate of the number of new aircraft it expects Chinese airlines to buy between now and 2038. According to Reuters, in the next 20 years, Chinese airlines will spend about $1.2 trillion on around 7,690 new planes. The current prediction is about 6 percent higher than the previous forecast of […]
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