Politicians will need to find other ways to campaign before the midterm elections as TikTok has now banned political ads. Political accounts have lost access to advertising features and monetization services (gift giving, tipping and eCommerce capabilities), reported by The New York Times. Recently, TikTok has announced several steps they are taking to try to civilize and secure its platform.” This announcement comes after online falsehood researchers...
Read MoreApple Inc.’s (NASDAQ-AAPL) newest technology advancement is an exciting one, a headset that mixes virtual reality and augmented reality. Exciting indeed, but skeptics are sure that Apple’s headset will have a lot to prove, considering the Virtual reality market is small. This headset is seven years in the making and is expected to blow away Virtual Reality headsets made by Facebook, Sony, and HTC. Bloomberg reported that...
Read More23-year-old Aiden Pleterski, also known as the “Crypto King,” is in trouble. CBC Toronto reported that Pleterski had $2 million worth of assets seized including a Lamborghini, two McLarens and two BMWs. Pleterski is being sued by former investors in a bankruptcy proceeding and two civil lawsuits after claims that over $35 million given to Pleterski’s company by 140 investors vanished. Of those 140 investors was a 65-year-old...
Read MoreThe Federal Reserve’s policy-making arm delivered the third hike in its short-term benchmark fed funds. More rate hikes are expected to come this year. Medora Lee from USA Today explained, “Although the Fed doesn’t directly control consumer interest rates, its rate increases ripple through the economy and ultimately, hit businesses and consumers and slow demand and inflation.” Economists anticipate the fed funds rate to reach 4.4% by...
Read MoreAmazon’s (NASDAQ-AMZN) first broadcast of “Thursday Night Football” attracted a record number of signups for Prime. The number of signups trumped Prime Day, Black Friday and Cyber Monday. CNBC reported, “The matchup between the Kansas City Chiefs and the Los Angeles Chargers last week was the first of 15 games Amazon will broadcast as part of a deal with the National Football League. Amazon is spending...
Read MoreThe plant-based meat company, Beyond Meat (NASDAQ:BYND), appears to be in trouble. They had an epic year in 2020 with retail sales doubling compared to prior years, but the demand for plant-based meat isn’t what it used to be. Beyond Meat was even named one of “3 Terrible Stocks to Avoid” by The Motley Fool. Many people are prioritizing saving money these days due to inflation. Beyond...
Read MoreShares of Gap (NYSE-GPS) are down after they announced the cutting of 500 jobs.The clothing company has been struggling with declining sales and the job cut looks to be a result. Gap was under fire recently when Kanye (Ye) West accused the company of falling short of their agreement with Yeezy. “Ye said Gap failed to distribute Yeezy products at its stores by the second half...
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It is a sad day for some Bed, Bath and Beyond customers. Bed, Bath and Beyond announced they will be closing around 150 stores. The company plans to cut around 20% of corporate supply-chain staff. This is all part of their plan to reduce costs by $250 million this year. According to Yahoo, “sales in the second quarter had slumped roughly 26% compared to the same period...
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