Popular cryptocurrency Bitcoin is no longer acceptable tender at Tesla. Its mining and encryption measures involve a taxing computer process that many call an “environmental disaster.” What makes it so environmentally unfriendly? […]
Inflation has ramped up to levels not seen since 2008. The obvious concern with inflation is that as prices outpace wage increases, consumers’ buying power is weakened. Inflation presents many dangers and can destroy an economy. […]
The pandemic has people worldwide feeling nostalgic for air travel. Airlines and entertainment companies have begun offering alternatives to real travel for those who miss flying. Airplane seating is a game of incentive and asymmetry. […]
Cryptocurrencies had a wild week on the stock market when Coinbase went public. Coinbase debuted on Wednesday, soaring to great heights before settling down; while Bitcoin and Ether declined over the weekend. Why do companies offer shares on Wall Street? […]
Bernie Madoff, mastermind of a record-breaking Ponzi scheme, has died. His lawyer released a statement announcing his death, though no cause was given. Madoff conned $19 billion from investors. […]
Eating burgers and fries at home has rippled through the economy. A shortage of ketchup packets has sent the restaurant industry into a frenzy, causing packet prices to soar. How do businesses ensure supply meets demand? […]
In 1991, Disney and Pixar signed a deal that would make history. The contract they entered into changed the direction of feature film animation forever. It led to the production of Toy Story, among other films. […]
In a sign of the times, a JPG file recently sold for $69.3 million at auction. The piece, known as “Everydays—The First 5,000 Days,” is a collage of every image the artist, known as Beeple, has posted online since 2007. Art and its perceived value are shifting in the digital age. […]
Auto giants like GM and Volvo plan to phase out gas-powered vehicles by 2036. Meanwhile, Tesla’s automobiles have always been electric and startups like Rivian are supplying electric-powered pickups to Amazon. Electric vehicles are far more power-efficient. […]
A brokerage app is under fire for restricting GameStop stock trading. Robinhood and its CEO prevented retail investors from buying shares of the video game seller’s stock during its January rollercoaster. A professor for The Great Courses explains. […]
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