Cryptocurrencies had a wild week on the stock market when Coinbase went public. Coinbase debuted on Wednesday, soaring to great heights before settling down; while Bitcoin and Ether declined over the weekend. Why do companies offer shares on Wall Street? […]
Bernie Madoff, mastermind of a record-breaking Ponzi scheme, has died. His lawyer released a statement announcing his death, though no cause was given. Madoff conned $19 billion from investors. […]
Eating burgers and fries at home has rippled through the economy. A shortage of ketchup packets has sent the restaurant industry into a frenzy, causing packet prices to soar. How do businesses ensure supply meets demand? […]
In 1991, Disney and Pixar signed a deal that would make history. The contract they entered into changed the direction of feature film animation forever. It led to the production of Toy Story, among other films. […]
In a sign of the times, a JPG file recently sold for $69.3 million at auction. The piece, known as “Everydays—The First 5,000 Days,” is a collage of every image the artist, known as Beeple, has posted online since 2007. Art and its perceived value are shifting in the digital age. […]
Auto giants like GM and Volvo plan to phase out gas-powered vehicles by 2036. Meanwhile, Tesla’s automobiles have always been electric and startups like Rivian are supplying electric-powered pickups to Amazon. Electric vehicles are far more power-efficient. […]
A brokerage app is under fire for restricting GameStop stock trading. Robinhood and its CEO prevented retail investors from buying shares of the video game seller’s stock during its January rollercoaster. A professor for The Great Courses explains. […]
Internet users drove GameStop’s stock prices up 2,000% in a matter of weeks, C|Net reported. The move was a response to short sellers betting against the video game retailer and waiting for shares to plummet. A professor for The Great Courses explains. […]
Rivian has earned $8 billion toward its electric pickup truck, launching this year, Axios reported. Electric vehicles have been gaining in popularity in recent years and have made for happy investors and owners, like Elon Musk. Electricity and cars saw milestones in the 1880s. […]
King’s Hawaiian is being sued for not making its bread in Hawaii, Hawaii News Now reported. A class action lawsuit against the company claims that its packaging, which says “Hilo, Hawaii,” is misleading. Representative plaintiffs file class action lawsuits. […]
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