Google Building the City of the Future

Google continues to be the leader of innovation. The company that created the most used search engine, and driverless cars is now planning on building the city of the future. Sidewalk, a company owned by Google has started planning a major project aimed at transforming a Toronto neighborhood into the city of the future. It has already pledged $50 million for the initial phase of the project, and Alphabet, the parent company of Google,  read more>>

Samsung hits highs and lows

 

Following the record high profit reports for the 3rd quarter of 2017, Samsung’s Co-Chief Executive Officer Kwon Oh-hyun has announced his resignation. The leadership struggles seen this year for Samsung are troubling. In August, the heir to Samsung, Lee Jae-yong, was convicted of Bribery and Corruption and sentenced to 5 years in jail. He was running Samsung, one of Koreas largest family owned companies when he was convicted. Following the scandal, Samsung appointed 3  read more>>

Kobe Steel Scandal

Japan’s Kobe Steel has admitted to falsifying quality data for some of its products for up to a decade. It is said that the corruption has affected up to 500 firms worldwide. Kobe, which is Japan’s 3rd largest steel producer, is now facing considerable financial trouble as the number of potentially affected clients increases. Firms that have had direct and indirect dealings with Kobe Steel are now looking at the products they manufacture to  read more>>

Nordstrom sale falls apart

 

This past June the Nordstrom family, which holds a majority stake in the high-end department store announced that it was looking to sale its controlling stake. However, this past Monday, Nordstrom stock fell 7% as reports have come out stating that the family has had troubles securing financing for the buyout following the bankruptcy filing by Toys R Us. This is yet another example of old school retailers struggling with the emergence of new,  read more>>

Amazon Now Wants to Deal Drugs…

Analyst have been speculating recently that Amazon’s next big move would be pharmaceuticals. An analyst report from Leerink, a boutique investment firm specialized in the health care business, said that Amazon will certainly enter the prescription drug distribution sector in the coming years. Following the report stock prices for Walgreens and CVS, the major market share holders in prescription drug dispensing, fell by nearly 5%. The drop continued into Monday as both fell an  read more>>

Adidas passes Nike’s Jordan brand

Adidas became the second-best seller of footwear in the US. It passed Nike’s Jordan brand which tracks separately from other Nike brands. This is good news all around for Adidas, its sales grew 20% thru the second quarter of 2017 and its stock is up 50% this year. Although Nike still sells more than Adidas over all, the decrease in its major Jordan brand is a telling sign. Nike has only had a rise  read more>>

Don’t Glorify the Shooter, Pray for the Victims & the Families

Today, unfortunately, there are many people dead and even more hospitalized after Stephen Paddock, the 64-year-old gunman, opened fire at a country music festival in Las Vegas. While Jason Aldean was performing at the open-air festival, the gunman shot out his hotel window and fired onto the unsuspecting festival crowd from the 32nd floor of the Mandalay Bay Resort and Casino. The gunman proceeded to fire hundreds of bullets with his rifles, late Sunday  read more>>

I Stand for the Flag

 

It’s been a few days since the NFL decided to protest the American flag. Before Sunday, it was a few pro football’s players’ choice to kneel in protest while the national anthem was being sung before kickoff, but that escalated when entire teams knelt and stood locked in arms in protest of our country. Although I am strongly against their actions, I do believe that they have a constitutional right to protest. However, I  read more>>

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