Events leading up to the current baby formula crisis is summarized in the CNBC video released on June 15th 2022: In February 2022, the baby formula company, Abbott Nutrition, recalled and shut down its Michigan manufacturing plant – that produced…
In late March 2022, Uber reached a deal with taxi software companies Creative Mobile Technologies and Curb Mobility to list the iconic NYC’s yellow taxis on the Uber app. Benefits from this partnership include Uber Expand footprint in the largest…
The Digital Divide Council defined digital divide as “the gap that exists between individuals who have access to modern information and communication technology and those who lack access” leading to negative impact on economic growth prospects, increasing the education attainment…
Yes, in early April 2022, the chairman of AriZona Beverages, Don Vultaggio announced that the price of a 23-ounce can of AriZona iced tea will still be at US$0.99. It has remained unchanged since 1992! To continue to sell each…
According to the Federal Reserve Economic Data (FRED) website, April 2020 recorded the highest unemployment rate during the COVID-19 pandemic at 14.8%. As of March 2022, the unemployment rate has reduced to 3.6%, which is 0.1% higher than the pre-pandemic…
April is financial literacy month! On Wednesday, April 6th 2022, CNBC held a virtual session with 3 governors from Mississippi, New Jersey, and Nevada about the need for financial literacy in schools. Families need a sound financial foundation to better…
The CNBC video provides a succinct summary of why and how antitrust laws were enacted by the U. S. Congress to promote fair competition and to protect consumers from predatory monopolistic business practices. The main antitrust laws are the Sherman…
According to the Bureau of Labor Statistics, the all items Consumer Price Index rose 7.5% for the 12 months ending January 2022 – the largest 12-month increase since the period ending February 1982. The food and energy indexes alone accounted…
On Friday, February 18th 2022, the retail giant, Amazon is raising its “Amazon Prime” service rates for new customers from $119 per year to $139 per year. The increase also applies to the Amazon Prime Student memberships from $59 annually…