Category: Business

CDC Approves First Cruise to Set Sail With Paying Passengers in June

The Centers for Disease Control and Prevention (CDC) on May 26 announced that it was approving the first cruise to set sail with paying passengers since the COVID-19 pandemic began. Starting on June 26, the Celebrity Edge, a subsidiary Royal Caribbean Group, will depart Port Everglades in Fort Lauderdale, Florida, setting sail on a seven-night cruise…


Australian Electric Car Charging Company to List for Over $1.4B on NASDAQ

An Australian manufacturer of electric vehicle (EV) fast-chargers based in Brisbane has announced a merger that will see the company listed on the NASDAQ for US$1.4 billion. Tritium already services a worldwide market across 41 countries and is banking on the continued expansion of the electric passenger vehicle market with expectations of 20 percent growth…


Business Is Booming for Southeast Contractors Despite Rising Cost of Construction Materials

The shortages and rising price of fuel due to the ransomware attack that temporarily halted all of the Colonial Pipeline networks were devastating to many businesses in the American Southeast. But despite the rising costs of construction materials, business is booming for Southeastern contractors. According to Stephen Smith, owner of Geneva Construction in Orlando, Florida, the…


Being on the Same Page Is Vital to Your Family’s Future

Dear Dave, My wife and I are in our 20s, and together we make about $80,000 a year. Our first baby is due in early 2022, so being debt-free has become a top priority in my mind. Right now, we have two cars. The one I drive is paid off and has a lot of…


Boeing to Pay $17 Million to Settle Plane Production Issues

Federal officials say Boeing will pay at least $17 million and take steps to fix production problems on its 737 jets including the Max. The Federal Aviation Administration said Thursday that the settlement covers the installation of unapproved sensors and other parts on some Boeing 737 NG and 737 Max planes built between 2015 and…


Lockheed Martin Trained Top Employees to Recognize ‘White Male Privileges’: Report

Lockheed Martin, the aerospace and defense giant known for developing America’s next-generation warplanes, sent its executive-level employees to learn about privileges they supposedly have as white straight males, a new report says. The three-day training session, hosted on Zoom last June for a 13-member “White Men’s Caucus,” started with a “free association” in which the term…


US Restructures Supply Chains With South Korea and Taiwan to Decouple from CCP

On May 21, 2021, U.S. President Joe Biden met with South Korean President Moon Jae-in at the White House. On the same day, Biden and Moon issued a joint statement, stating that the United States and South Korea will strengthen cooperation in areas of advanced technology, vaccines, climate issues, economics, and many others. Among these,…


US Weekly Jobless Claims Drop Sharply; Second-Quarter GDP Growth Unrevised

WASHINGTON—The number of Americans filing new claims for unemployment benefits dropped more than expected last week as layoffs subsided, with companies desperate for workers to meet surging demand unleashed by a rapidly reopening economy. Initial claims for state unemployment benefits totaled a seasonally adjusted 406,000 for the week ended May 22, compared to 478,000 in…


Bezos Bids Farewell as CEO and Addresses Criticism at Amazon Shareholder Meeting

Amazon founder Jeff Bezos on Wednesday led his last shareholder meeting as CEO, announcing the date on which he’ll pass the reins to his replacement while highlighting challenges going forward and pushing back against claims that Amazon has become too big and powerful. Bezos, the second-richest person in the world after French luxury fashion magnate Bernard Arnault,…


US Judge Rejects Bayer’s $2 Billion Deal to Resolve Future Roundup Lawsuits as ‘Unreasonable’

A U.S. judge rejected Bayer’s $2 billion class action proposal to resolve future lawsuits alleging its Roundup weedkiller causes cancer, saying in a Wednesday order that parts of the plan were “clearly unreasonable.” U.S. District Court Judge Vince Chhabria in San Francisco said the proposal “would accomplish a lot for Monsanto,” which Bayer acquired for…