U.S. wholesale inflation in August rose 8.3% from the same month last year, marking the highest annual increase since 2010. According to the Labor Dep…
Author archives: Cristian Bustos
Ford Stops Production In India After Loss-Ridden Decade
Ford Motor Company (NYSE:F) will stop making cars in India after reporting losses of around $2 billion in a decade. It becomes the latest car manufact…
Amazon Will Pay 100% Of College Tuition For 750,000 Employees
Amazon Inc (NASDAQ:AMZN) will fully cover the college tuition of 750,000 of its hourly employees in the U.S, once they reach 90 days of employment. Th…
GameStop Stock Plunges 9% After Low Q2 Earnings
GameStop Corp (NYSE:GME)’s stock dived around 9% in extended trading on Wednesday after the video game retailer’s mixed second-quarter earnings report…
Sukone Hong, The 17-Year-Old Who Has Made $1 Million In Sales This Year
Sukone Hong is the 17-year old South Korean entrepreneur making headlines galore. He created a fashion brand whose sales have topped $1 million so far…
U.S. Growth Forecast Cut To 5.7% By Goldman Sachs
U.S. growth forecast has been slashed to 5.7%, as Goldman Sachs revised its predictions on the economic recovery for the U.S. in 2021. The investment…
Alibaba Jumps Into China’s “Common Prosperity” Bandwagon With $15.5 Billion
Chinese technology and e-commerce giant Alibaba Group Holding Ltd (NYSE:BABA) will invest $15.5 billion by 2025 in support of Chinese President Xi Jin…
Supply Chain Delays Will Spread Well Into 2022 and Possibly 2023
According to an analysis by IHS Markit, the supply chain delays seen this year will carry on into 2022 and possibly 2023. The logistics crisis is wors…
Customers Panic-Buying Toilet Paper… Again!
Amid the spread of COVID-19’s Delta variant, some American customers are panic-buying toilet paper as they fear the possibility of future lockdowns. T…
Euro Zone Inflation Up 3%, The Highest In A Decade
Euro zone inflation increased 3% in August from the same month last year and is bound to reach its highest reading in 10 years. The European Central B…