Stocks dipped on Monday as relations between Washington and Beijing cool

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 […]

Budget experts accuse Air Force of grossly exaggerating the cost of a Space Force

Budget experts accuse Air Force of grossly exaggerating the cost of a Space Force

Last week, Air Force secretary Heather Wilson released a report indicating that the establishment of a new branch of the American Armed Forces tasked specifically with space defense would cost an estimated $13 billion over five years — a figure that was widely touted throughout the media as a sign that the Trump-led initiative is […]

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

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

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

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 […]

Space Force standup would cost about the same as building one aircraft carrier

Space Force standup would cost about the same as building one aircraft carrier

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 […]

US imposes tariffs on $200 billion worth of Chinese imports

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

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 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

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 […]

Analyzing the business behind the controversial Nike Kaepernick ads

Analyzing the business behind the controversial Nike Kaepernick ads

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 […]

Economic outlook: President Trump should learn from history

Economic outlook: President Trump should learn from history

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 […]