The presidential debate that occurred on September 29, 2020, got pretty mixed reviews from the general public and the media. The majority of the negative reviews about the debate are associated with President Trump’s tense and inappropriate behavior and his unwillingness to respond to the questions posed by the moderator.
Read More
Initial Public Offerings (IPOs) have been sizzling as of late. This strong demand for new stocks is illuminated with the debut of cloud companies such as Snowflake and JFrog. Experts say the Federal Reserve’s decision to hold interest rates at zero for the foreseeable future has ignited the demand for IPOs while accelerating the overall stock market and, in particular, high growth techs. Troy Hooper, head of IPO content at Mergermarket, stated, “IPOs are doing well and I guess that’s what happens when you have the Fed pumping money into the financial system. The money has to go somewhere.”
Read More
By 2035, California will ban the sales of gas-powered cars statewide. This executive order was signed by Californian Governor Gavin Newsom on Wednesday, September 23rd as an effort to curb the ongoing climate crisis.
Read More
It is fitting that in a year as uncharacteristic as 2020, the stock market has experienced unprecedented volatility. When Wall Street opened its doors on January 2nd, no broker could have predicted that the Dow Jones would plummet 10,000 points over the course of three months, a historic meltdown that culminated in a 37% drop from the all-time high of 29,569.58 achieved in February. Such a nosedive was largely because of the Dow’s performance on March 12th, a day that investors refer to as “Black Thursday” due to the market falling 2,300 points.
Read More
On Thursday, September 24th, 2020, the U.S. Appeals Court of the Second Circuit ruled that investors who profited from Bernie Madoff’s massive Ponzi scheme that collapsed in December 2008 must now return their profits.
Read MoreDespite oil prices just beginning to bounce back from the economic crisis caused by COVID-19, the oil industry takes on another hit as thousands of investors rush to sell their stock.
Read MoreOn August 13th, 2020, the United States, led by President Trump, helped initiate the Abraham Accords, a peace treaty between the United Arab Emirates and Israel.
Read MoreOn the 20th of September, the wildly popular Tiktok app was officially banned following an official statement by the government.
Read MoreAs America faces political and societal turmoil amidst the end of 2020, it faces a growing national ecological threat.
Read MoreJustice Ruth Bader Ginsburg passed away last Friday due to metastatic pancreatic cancer.
One of justice Ginsburg’s last words to her granddaughter were, “my most fervent wish is that I will not be replaced until a new President is installed.”