1. Spending has surged due to the pandemic: With many states imposing restrictions on restaurants, retailers and other businesses, consumer spending spiked in order to purchase essential items. This widespread track of spending has caused credit card balances to rise. 2. Low borrowing costs help fuel growth: The Federal Reserve has kept interest rates near […]Read More

Sam Bankman-Fried and the other FTX executives and investors will likely continue to explore the opportunities in the cryptocurrency market and beyond, continuing to shape the cryptocurrency landscape. They could launch new products, expand into new markets, form new partnerships, and support new businesses. They may also look into using blockchain to create new transactional […]Read More

, depending on how negotiations between their union and representatives of major casino companies turn out. The Culinary Workers Union, representing around 50,000 people that work in resorts owned by Caesars, MGM Resorts, and other big names, has been in talks with the companies since their 2005-2006 contract expired. If a new collective bargaining agreement […]Read More

Hiring is slowing in many sectors of the economy as the global pandemic continues to effect spending, travel, and production. Despite this, some sectors are still continuing to hire, albeit at slower rates than what was seen before the pandemic. This slower rate of hiring might actually benefit the economy in the long run, as […]Read More

Starbucks has unveiled a plan to add 17,000 new locations globally by 2030. This plan is part of Starbucks’ ongoing commitment to grow its international business and provide customers with more convenient access to its products and services. The company plans to open up to 10,000 of these locations in the US, 4,000 locations in […]Read More

The “Pharmageddon” protest, which is spreading to several cities in India is leading to the potential closing of pharmacies across the country. The protest was started by the All India Organisation of Chemists and Druggists (AIOCD), who are claiming that e-pharmacy players are operating illegally and without the requisite regulatory clearances. AIOCD claims that the […]Read More

The United Auto Workers union (UAW) has announced a tentative agreement to end its strike with Stellantis, which was the single largest auto strike in the United States in more than a decade. The agreement was reached after a 10-day strike and negotiation between union leaders and Stellantis, the newly merged company between Fiat Chrysler […]Read More

In an interview with Decrypt, Sam Bankman-Fried, the CEO of FTX Exchange, admitted that his company “sure should have” done more to protect its customers’ funds after a spectacular collapse of shares from GameStop and AMC shook the markets. He underscored FTX’s fast-paced growth since early 2020 as a key factor in the company’s failure […]Read More

Live Nation, the world’s largest live entertainment company, is facing criticism by a group of senators accusing it of not fulfilling its promise to stop using hidden ticket fees. In August of 2019 Live Nation promised “fans will now know the full price of their ticket at the beginning of their purchase journey.” However, the […]Read More