Business

Nintendo makes a CEO switch after impressive console sales
Business

Nintendo makes a CEO switch after impressive console sales

Nintendo’s current president, Tatsumi Kimishima, announced that he would hand over his role in June to a younger executive. The consumer electronics company is based in Kyoto, Japan. Kimishima was a former banker and took the position of CEO in 2015 after the death of then-CEO Satoru Iwata. Due to Kimishima’s age, flying frequently was…

Amazon stuns analysts with report of exponential revenue growth
Business

Amazon stuns analysts with report of exponential revenue growth

Amazon.com Inc. released its first quarterly report of 2018 and disclosed that it now has $51 billion in revenue and a $1.6 billion net income. These results left many stunned. Analysts predicted the company’s revenue would shrink, but instead, it nearly tripled last year’s same quarterly results and more than doubled net income. Wall Street…

Google may face issues over its handling of users’ information
Business

Google may face issues over its handling of users’ information

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
Business

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….

Trade war looms as US institutes new tariffs on Chinese goods
Business

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
Business

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’
Business

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…

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