Consumers use the internet for a majority of their daily routines, sometimes not giving a second thought about what personal information they are sharing with online businesses and service providers. As Facebook Inc.’s leaders are currently in the hot seat for leaking the data of 87 million users to Cambridge Analytica, the political consulting and…
Current administration poses risk to marijuana investment
With the legalization of recreational marijuana use in eight states, potential investments within this new industry are on the rise. Cannabis businesses are expanding and going public, showing themselves to be good potential investments. However, there are concerns over investing into these types of business because of the classification of marijuana under the current administration….
Climate change increasingly crucial for future of world economics
As the average temperature and water levels increase around the globe, more and more countries are taking steps to combat the effects of climate change. The 2015 Paris Agreement brought over 190 countries together to discuss an agreement that aimed at mitigating the effects of climate change on a global scale. On a more national…
Trade war looms as US institutes new tariffs on Chinese goods
Recent rhetoric from President Donald Trump over tariffs and a possible trade war with China has the market worried. This is not the first time tariffs have been used in trade wars. The Tariff Act of 1789 was the second piece of legislation crafted by the founding fathers. Tariffs were the United States’ greatest source…
Facebook faces federal scrutiny over Cambridge Analytica scandal
British news platform Channel 4 broke a story about the way Cambridge Analytica used data analysis to advertise to targeted groups of people to gain electoral success in political elections all around the world. Shortly after the investigation broke on Channel 4, an ex-employee of Cambridge Analytica, Christopher Wylie, revealed to The New York Times…
SEC charges Theranos CEO Holmes with ‘years long fraud’
The U.S. Securities and Exchange Commission recently charged Theranos CEO Elizabeth Holmes and the company’s former President Ramesh Balwani with an “elaborate, years-long fraud in which they exaggerated or made false statements about the company’s technology, business, and financial performance,” according to Wired. To resolve the claims against her, Holmes has agreed to give up…
Video game industry continues to grow as it attracts new investors
Millennials are contributing to the expanding trend of online gaming and streaming. Consequently, corporations are trying to use this trend as a method to make a profit. An article written by Kimberly Chin and published by Markets Insider stated that esports, multiplayer video games played competitively by professional gamers for spectators, are growing in popularity…
Dropbox files for $500 million IPO in greatly anticipated offering
The file-sharing and storage company Dropbox recently filed for an initial public offering with the Securities and Exchange Commission, marking the approach of one of the most anticipated IPOs in the technology industry. It is seeking to raise $500 million from its IPO, intending to use the money for a variety of purposes, including potential…
Toys R Us may soon liquidate operations and close US stores
Toys R Us Inc., the iconic U.S. toy retailer, announced that it may have to liquidate its operations if it cannot negotiate a deal with creditors to pull it out of bankruptcy. The company’s struggles reflect a growing problem in the toy industry as demand for traditional toys declines. The closure of Toys R Us…
Critics argue that technology companies should be broken up
As technology becomes a more ubiquitous presence in our lives, and technology companies grow to enormous sizes, some have asked whether these giants of industry should be broken up. According to The Wall Street Journal in particular, Apple, Facebook, Inc., Alphabet Inc. and Amazon.com have become dominant in their respective areas, creating virtual monopolies and…