Our Digital Revolution
Advances in the digital revolution can be dazzling. Now, data about where we are, where we’re going, how we’re feeling, what we’re saying are turning into beacons of revenue that illuminate a new commercial prospect.
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Luxury Brands Keep Increasing Prices
Luxury items are desired based on how accessible they are; the harder it is to get a luxury item then the more you want. Almost as if the brands were playing hard to get with its consumers. But when does inaccessible become too much?
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New York Fashion Week
New York City has been making substantial progress towards a return to normalcy within the past few weeks. Several city traditions such as Broadway and the Met Gala have returned after last year’s cancelations due to the pandemic. One of the most prominent events in the city includes New York Fashion Week. Organized by the Council of Fashion Designers of America (CFDA), New York Fashion week is a biannual series of runways shows and demonstrations used by designers to present their collections for the upcoming fashion seasons. Typically, New York Fashion Week brings over 230,000 visitors to the city and generates approximately 900 million dollars for the city’s economy. With a year long hiatus, designers went all out for this year’s event using unconventional and creative ways to show off their new collections.
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The Accuracy of Astrology
The origin of astrology can be traced back 2,400 years ago in Babylon. Over time it gets modified as each region integrates astrology with their religion, culture, technology, and mathematics.
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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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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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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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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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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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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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