Cities looking for a chance to house Amazon’s 2nd HQ

Amazon is currently looking for a city in the US to open its second headquarters. Amazon’s move, which many are calling the business development of the century, will likely cost amazon 5 billion and result with 50,000 new jobs for the surrounding area. Jeff Bezos, Amazon’s Chief Executive Officer, started a nationwide competition when he announced that Amazon was looking for a town to house Amazon’s second headquarters. As a result, Tucson, Arizona has  read more>>

Rolling Stone Magazine for Sale

After 50 years Wenner Media has decided to sale its controlling stake in Rolling Stone Magazine. The magazine, that was founded in 1967 by Jan Wenner and Ralph Gleason, became a staple of music and pop culture. Today Rolling Stone magazine reaches 60 million readers worldwide each month, and it has an expanding digital and social media footprint. Although this may come as a shock, there were signs of changes coming to Wenner Media.  read more>>

China Announces Ban on Diesel and Gas Powered Cars

China is preparing a massive change towards electric cars. The country with the largest auto market announced its plans to ban cars powered solely by diesel and gas sometime soon. The Chinese government is following the example of countries like India, France, Britain, and Norway who have already announced plans to phase out cars powered only by fossil fuels. With this news car makers are already moving forward with plans to accommodate the world’s  read more>>

The Financial Toll of 2 Major Hurricanes on the US

Within the span of 2 weeks, US shores have been hit by 2 major hurricanes. Harvey which hit Texas and Southwest Louisiana in late August, and Irma making its way through the Florida coast. With the devastation left in their path, the question now is what is the financial toll on the US after 2 major disasters? The toll for Harvey’s destruction is estimated to be anywhere between $70 and $90 Billion, with only  read more>>

LEGO to let go of 1400 employees after 10-year boom ends

The Danish toy maker, LEGO, reported its first decline in sales in a decade in its midyear report. The 5% fall in revenues comes after the abrupt change in leadership in the company this year. Following this dip, LEGO announced that it will downsize its workforce by 8%, that accounts for more than 1400 employees. For more than 10 years LEGO had seen revenues grow above 20% annually. However, in 2016 LEGO saw growth  read more>>

Gas price spike following Hurricane Harvey

Gas prices hit an annual high this past Labor Day as refineries work to get back up and running after shutting down due to Hurricane Harvey. On Monday, the nationwide average for gas was $2.64, almost 20 cents higher that the average of $2.45 seen the previous Thursday. A report from The Energy Department stated that 8 refineries in the Corpus Christi and Houston are working on getting started after the shut down, and  read more>>

Whole Foods Acquisition leads to price cuts by Amazon

Amazon is already making changes in its Whole Foods stores. Since Monday, the price of goods at Whole Foods stores has been cut by up to 43%. The recent acquisition of Whole Foods by Amazon was expected to come with drastic changes, but now you can even buy Amazon tech at your local Whole Foods. It is common to see big changes after acquisitions, and these types of major company transactions are a vital  read more>>

Hurricane Harvey Hits Houston

After a devastating weekend in Houston, the after effects of hurricane Harvey seem like they will continue to linger into this coming week. It is predicted that Harvey will force at least 30,000 people from their homes and into shelters and lead 450,000 people to seek some sort of disaster relief. It was a tough weekend for Houston, with unprecedented levels of rain fall that left many parts of the city flooded. On average  read more>>

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