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>>
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>>
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>>
It’s hard to find qualified individuals in today’s job climate. Labor Department estimates it can cost on average one-third of a new hire’s annual salary to replace him or her and that those costs increase the higher up you go, some say even more. The Society for Human Resources Management concluded that it could cost up to 5 times a bad hires annual salary to replace them. But how do you know what a read more>>
US officials are looking at China’s intellectual property policies which have given rise to counterfeit goods, pirated software and theft of trade secrets. This comes from the top US trade official Robert Lighthizer, who believes that these issues have enough merit for an investigation. It is estimated that the rise in pirating and counterfeiting has cost the US economy $600 billion annually.
Intellectual property is the best value driver for any business. Having access to read more>>
Tesla recently announced that it will be raising $1.5 billion in equity in order to find production of its newest vehicle. They plan on raising this capital through the issuance of junk bonds. Although Tesla is valued higher than both G.E. and Ford Motor Co., they have yet to make an annual profit. Most investors in Tesla are riding on hopes that the Model 3 will be a mass-market hit.
Tesla has recently made some read more>>
SoftBank CEO Masayoshi Son recently confirmed that he is interested in pursuing a deal with Uber. However in a sudden twist he also revealed that he is not opposed to working with Lyft, Ubers only significant competitor. SoftBank has already in a number of ride sharing companies around the world including Didi Chuxing (China), Ola (India), Grab (Southeast Asia), and 99 (Brazil). However it has yet to gain a foothold in the U.S. market.
While read more>>
Oil futures plummeted Monday as investors begin to worry about OPEC members’ commitment to output cap agreements. This concern prompted a meeting in Abu Dhabi, among OPEC’s key members, to discuss the issue. Investors eagerly await news from the meeting, as the negations made at the meeting will likely result in significant price fluctuations, and thus heavy trading of crude oil futures. The meeting concerns certain members’ commitment to the output cap agreed upon read more>>