After two years of watching movies on small screens, the reopening of cinemas following COVID-19 closures has been a welcome change of pace. For many, watching favorite actors on a larger than life screen has been a much-missed experience. For some, having a chance to…
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 25% the nation’s supply –…
Two companies, Lunar Outpost and AstroForge, just received a combined $25 million to develop technologies for off-Earth mining. Lunar Outpost is developing lunar rovers to retrieve minerals from the Moon. AstroForge is looking to mine elements from near-earth asteroids. The companies are looking to mine…
Retail giant Target has announced plans to reduce an excess stock of inventory. At the end of April, the company had $15.1 billion in inventory, which is 43% higher than a year earlier. The increase in inventory is a result of a combination of easing…
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 taxi market in U.S. Address…
In the wake of rising oil and gas prices globally, Saudi Aramco, the company that manages the oil supply of the Kingdom of Saudi Arabia, has recently surpassed Apple as the most valuable company in the world. Saudi Aramco is now estimated to have a…
Thinking about heading to Munich for Octoberfest this year? If so, get ready to pull out your wallet. Your costs could be a lot higher than for a similar trip last year. Indeed, in today’s inflationary economy, prices are rising on just about everything. So,…
In February 2022, the US Women’s National Soccer Team reached an agreement with the US Soccer Federation to settle a lawsuit filed in 2019 over equal pay. Despite having a consistently better record and winning two consecutive World Cups, the women’s team players were paid…
