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February 12, 2021 Patrick Ritter

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.

Finance Trending

February 9, 2021 Staff Writer

The GameStop Stock Frenzy Explained

Investing in the stock market can be a very risky thing. Some individuals even compare it to gambling because it is hard to forecast the outcome of the stocks that one buys. For example, will the stock’s price rise or fall? Will one lose everything they invested? Or will one make enough money to retire early? It is nearly impossible to know. In recent weeks, the stock market has caught everyone’s attention in the nation and worldwide. By now, individuals across the country have probably heard of the GameStop (GME) stock frenzy. But what happened?

Technology Trending

November 18, 2020 Karina Agarwal

Could Facial Recognition Be Perpetuating Society’s Biases?

Research has found that certain facial-recognition software perpetuates society’s existing inequities based on race, class, and gender. Joy Buolamwini, an M.I.T. Media Lab researcher, discovered that the facial-recognition algorithm she was working on could not detect her face – until she put on a white mask. She soon realized that many artificial-intelligence programs are trained to identify patterns using data sets that skew light-skinned and male results. Buolamwini stated, “When you think of A.I, it’s forward-looking, but A.I. is based on data, and data is a reflection of our history.”

Finance Trending

November 14, 2020 Staff Writer

Federal Reserve Pledges to Keep Rates Low Due to Swings in COVID Cases

The Federal Reserve has promised to maintain record-low interest rates to support the United States economy in the pandemic’s worsening times. As COVID-19 cases continuously shatter record highs set by the U.S., it has left many economists convinced that the economy cannot make any sustained recovery until the epidemic is maintained and that most Americans will feel safe conducting their normal outdoor daily activities. Following the Fed’s update on its monetary policy last Thursday, the near-zero interest rates are intended to stimulate spending and inject liquidity into the economy.

Technology Trending

November 14, 2020 Staff Writer

ByteDance Competitor, Kuaishou Technology, Launches Forward in the Chinese Tech Industry

Kuaishou Technology, the owner of the Chinese social media and video sharing app of the same name, plans to file for an initial public offering on the Hong Kong Stock Exchange within the coming weeks, according to South China Morning Post (SCMP).

Trending

November 4, 2020 Karina Agarwal

The Opioid Crisis: Another Pandemic Sweeping the Nation

For quite some time, Purdue Pharma has been regarded as a symbol of corporations profiting from America’s deadly addiction to opioid painkillers. Recently, the Justice Department announced a historic $8.3 billion settlement with the company. This fine is the largest such settlement ever reached with a pharmaceutical company. As part of the agreement, Purdue Pharma has agreed to plead guilty to three felonies. However, state authorities and several families who have lost loved ones to killer drugs believe that the Justice Department’s terms, including a $225 million civil settlement with the billionaire Sackler family that once ran the firm, are far too lenient.

Finance Trending

November 1, 2020 Staff Writer

Goldman Sachs Pleads Guilty to 1MDB Scandal and Pays $2.9B Fine

Last Thursday, Goldman Sachs Group, Inc. agreed to pay a $2.9B fine to regulators for raising funds for 1Malaysia Development Berhad (1MDB), a Malaysian sovereign wealth fund tied to multiple cases of fraud and corruption. Dubbed as “one of the biggest financial scams in history,” the United States Department of Justice (DOJ) has led one of the world’s largest investment firms to plead guilty after further investigations ensued.

Technology Trending

October 30, 2020 Staff Writer

PayPal Sparks a New Cryptocurrency Trend for the Digital Wallet

The digital payment giant PayPal (PYPL) announced on October 21st that it is expanding its market by allowing its 346 million worldwide users to use their digital wallet to buy, hold, and sell Bitcoin and other cryptocurrencies. Starting in 2021, PayPal users will also use their cryptocurrency as a payment method to PayPal’s 26 million merchants.

Technology Trending

October 16, 2020 Staff Writer

Microsoft Revolutionizes Work Culture by Allowing Employees to Work from Home Post Pandemic

Coronavirus strikes again in altering the way the world functions. Microsoft Corporation has recently made an industry-changing announcement that the company will allow workers to continue working from home even after the pandemic if they choose to do so. Following a “hybrid model,” the major tech firm plans to implement the option for employees to return to the office or work from home in response to the change in the environment that the COVID-19 virus has caused.

Trending

October 16, 2020 Kristin Acheson

Regal Cinemas Remain Closed: What is the Future of the Movie Theater Industry?

Recently, Regal Cinemas, the second-largest theater chain in the country, chose to close all their theaters in the US indefinitely due to rising COVID-19 cases. This closure will affect 45,000 jobs, with 40,000 of them in the US. Movie theaters run off of foot traffic, and with the rise in online streaming services, they are already struggling.

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