Author: Patrick Ritter

FinanceTrending

The Real Estate Market Continues to Thrive Fueled by an Ongoing Demand for New Homes

The past year has seen a real estate boom despite several areas of the economy still struggling due to the pandemic. CBS News reports that home prices grew 15 percent by the end of 2020 compared to the year prior. According to Realtor.com, home prices have risen 14.3 percent since the onset of the pandemic, there are 50 percent fewer homes on the market, and new listings are 27 percent lower than expected for March 2021.

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Companies are Getting Creative with Hiring Processes as the Pandemic Continues to Impact Various Industries

The COVID-19 pandemic has impacted several different companies and industries in various ways. Some industries boomed throughout the year, and some are still struggling to maintain themselves. However, the effect of the pandemic on each company and industry has also had a unique effect on the recruitment of each sector.

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MarketingTrending

Google Plans to Spend $7 Billion on New Offices Across the Country

On Thursday, March 18th, Google announced that they plan to spend $7 billion on new offices and data centers across the country, creating 10,000 new jobs in the process, according to Fox Business. $250 million will be invested in New York City alone and an additional $1 billion in Google’s home state of California.

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Gap Inc. Looks to Bounce Back from a Year that Shook the Retail Industry

As the pandemic continues to take a toll on the retail industry, Gap Inc. CEO Sonia Syngal predicts a revival of the clothing sector in 2021. Syngal told the Wall Street Journal that “We do think there’s going to be this peacocking effect that happens, as people emerge from COVID.”

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UK Supreme Court Rules in Favor of Uber Drivers Following 5-Year Legal Battle

On February 19th, the U.K. Supreme Court ruled that Uber drivers must be considered workers rather than self-employed, entitling thousands of Uber drivers to minimum wage and holiday pay, according to BBC News. The ruling requires drivers to be considered workers from the time they log on to the app until they log off.

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Bezos to Step Down as CEO of Amazon

Amazon announced on February 2nd that Jeff Bezos will be stepping down from the position of CEO. The position will be turned over to Andy Jassy, chief executive of Amazon Web Services (AWS). Bezos will transition to the role of executive chair this summer, stepping away from the responsibilities of CEO while also remaining deeply involved in the company. According to NBC news, Bezos follows the continual pattern of American tech company founders stepping down from the CEO position, such as Bill Gates at Microsoft and Larry Ellison at Oracle.

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