Finance – Page 6 – The Stillman Exchange

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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April 24, 2021 Alyssa Mar

Morgan Stanley Reveals Archegos Loss as Profits Soar to Record-Breaking Highs

Despite a nearly one-billion-dollar loss from the Archegos scandal, Morgan Stanley revealed record-breaking first-quarter profits for 2021, crushing analysts’ expectations.

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April 10, 2021 Ariel Go Jr

U.S. Economy Makes Progress Amid COVID-19 Pandemic, Adding 916,000 Jobs in March

In response to COVID-19, the United States had to implement measures to slow the spread of the virus such as social distancing and a partial economic shutdown, actions which have had a major impact on the U.S. economy, including people’s livelihoods and jobs. The immediate effects that the pandemic has had on the U.S. labor market have been evident in both the unemployment rate and payroll employment numbers. In the early months of the pandemic, the unemployment rate soared, peaking at 14.7% in April 2020, the highest point since the Great Depression. More than 20 million jobs were lost in April as well, which was a record number of jobs lost in a period of one month.

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April 10, 2021 Patrick Ritter

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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April 10, 2021 Staff Writer

President Biden Proposes Raising the Corporate Tax Rate to 28%

To fund his $2 trillion infrastructure plan, President Joe Biden has proposed to raise the corporate tax to 28%. According to the New York Times, corporations will be required to pay fifteen years of taxes at the 28% rate. This is an increase from President Trump’s previous tax cuts, which decreased the corporate tax from 35% to 21%. Not all companies will be taxed the same amount, however.

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April 8, 2021 Ryan Visnovec

Hybrid and Electric Vehicles in 2020-21

Hybrid and electric vehicles hit a stumbling block as 2020 brought annual growth of the industry below zero to -4%. In a year defined by the pandemic and economic shutdowns, it is no surprise that a rapidly growing industry would falter.

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April 8, 2021 Ryan Visnovec

1 Billion Streaming Accounts

If the pandemic was good for one thing it was catching up and binging on all that content you previously put off. By the end of 2020, streaming subscriptions rose to about 1.1 billion, according to the Motion Picture Association on Thursday.

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March 28, 2021 Alyssa Mar

Elon Musk Announces That People Can Now Buy A Tesla with Bitcoin

Last Tuesday, Tesla CEO Elon Musk announced that it is now possible to purchase Tesla vehicles with Bitcoin in the U.S. The self-proclaimed “Technoking” revealed this news through Twitter and tweeted, “You can now buy a Tesla with Bitcoin.” The payment procedures have also been updated on the support page on Tesla’s website with further information on the transaction.

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