Klaudia Czarnocka

FCC chairman aims to revoke Obama-era net neutrality rules
Business

FCC chairman aims to revoke Obama-era net neutrality rules

Under President Donald Trump’s administration, the new chairman of the Federal Communications Commission, Ajit Pai plans on deregulating of net neutrality rules. If approved, this could change not only the world, but particularly the U.S. economy. Currently, internet service providers like Verizon Wireless and Spectrum are required by law to treat all of the internet’s…

Chinese firm Tencent purchases 12 percent stake in Snap Inc.
Business

Chinese firm Tencent purchases 12 percent stake in Snap Inc.

In deciding to purchase a 12 percent holding in Snap Inc., developer of the popular smartphone application Snapchat, Tencent Holdings Limited has confused analysts and investors as to what its intentions are. Analysts want to know what the investing holding conglomerate values in a company that has had a volatile stock price since its initial…

Amazon considers moving into the prescription drug market
Business

Amazon considers moving into the prescription drug market

Amazon, the e-commerce and cloud computing company, is looking to enter the $560 billion pharmaceutical industry in the next year or two, posing threats to current major players. The stock prices of CVS Health and The Walgreens Company dropped almost immediately after Amazon’s announcement, about 4 percent overall. Recently, analysts have claimed that they always…

Business

Trump administration considers retiring Social Security numbers

When Social Security was initially introduced as part of the New Deal in the 1930s, it was not meant to serve any purpose beyond tracking an individual’s earnings and determining their Social Security benefits. However, the unique numbers Social Security provided to every citizen were soon used as a means of verifying one’s identity. Recently,…

Passive investing practices gain appeal over active investing
Business

Passive investing practices gain appeal over active investing

Unsatisfactory performance of actively managed funds is pushing investors towards passive investing. Within the last decade, approximately $1.2 trillion has been transferred to mutual funds and exchange traded funds, or ETFs, which are designed to track large caps and popular indices such as the S&P 500. This growing trend presents the possible risk that passive…