International

Britain’s Digital Secretary Intervenes During Huge Arm-Nvidia Deal

California-based company Nvidia plans to acquire British semiconductor giant Arm Holdings for $40 billion dollars. Forbes reports, “Nvidia announced last September that it reached a deal with Softbank to acquire U.K. based semiconductor and software design company Arm Ltd. for $40 billion, making it one of the biggest acquisitions in tech.” Britain’s Digital Secretary, Oliver Dowden has published a Public Interest Intervention Notice (PIIN) due to his concerns about the transaction.

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International

UK Treasury and Bank of England Consider Digital Currency

The Bank of England and the Treasury announced they were creating a task force to consider the potential risks and benefits associated with implementing a central bank digital currency (CBDC). The task force will be jointly led by Sir Jon Cunliffe and Katharine Braddick. Sir Jon Cunliffe is the Bank’s deputy governor for financial stability. Katherine Braddick is the Treasury’s director general of financial services.

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FinanceTrending

S&P 500, Dow Soar as Retail Booms

After a year like 2020, in which nearly all stocks reached previously unprecedented lows, many investors could not flip their calendars fast enough come January 1st. While changing dates did not necessarily change stock prices or the severity of the pandemic, fortunately, many stocks have rebounded in a big way in the second quarter of 2021. That trend continued this past week, as the S&P 500 and Dow Jones Industrial Average continued their relentless uphill climb amidst a country undergoing large-scale economic recovery.

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TrendingUncategorized

J&J Asks Other Companies to Join Investigation of Blood Clotting After COVID-19 Vaccination

Recently, federal healthcare agencies have advised Johnson & Johnson to cease administering their COVID-19 vaccine temporarily. According to Reuters, this advice was given after six women under fifty developed blood clotting following the shot. Business Insider reports that the women were between the ages of eighteen and forty-eight and now suffer from a blood clot in the brain called central venous sinus thrombosis (CVST). Overall, 6.8 million Americans have had the J&J vaccine.

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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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