BUSINESS

BUSINESS

Samsung Set To See 52% Jump in Profit

South Korean multinational electronics technology company Samsung reportedly said it expects to post a 52% jump in profit for the 2021 last quarter, amid the global chip shortage. The world’s biggest memory chip maker estimates that it made $11.5 billion in the period. That would be its highest fourth-quarter operating profit in four years. The company’s earnings were boosted by […]

BUSINESS

Oil Prices Settled Lower Amid Supply Concerns

Oil prices settled lower on Friday, as the market weighed supply concerns from the unrest in Kazakhstan and outages in Libya against a U.S. jobs report that missed expectations and its potential impact on Federal Reserve policy. Brent crude settled down 24 cents, or 0.3%, to $81.75 a barrel, while U.S. West Texas Intermediate (WTI) crude was down 56 cents, […]

BUSINESS

Guyana Gone Coconuts

Guyana has rachet up their export in coconuts selling more than $2.5 billion worth of coconut and coconut byproducts last year, representing a $600 million increase compared to the $1.9 billion exported in 2020. In a recent press release, the Ministry of Agriculture said that virgin coconut oil exports stood at $685 million while export earnings for dried coconuts totaled […]

BUSINESS

Bitcoin Prices Tumble Amid Market Uncertainties

Bitcoin prices have tumbled to their lowest level in months following remarks from the US Federal Reserve. The cryptocurrency dropped in value from $47,000 earlier this week to less than $42,000 per digital coin. This move come minutes after a meeting of the Federal Reserve, which suggested it may raise interest rates. The fall in prices has seen Bitcoin hitting […]

BUSINESS

Turkey’s Annual Inflation Rate At An All-Time High

Turkey’s annual inflation rate has leaped to a 19-year high and is set to turn the country’s economic activities topsy turvy. Prices hit an unprecedented 36 percent high last month as the cost of transport, food, and other staples ransacked household budgets. Normally, one would expect the country’s central bank to raise interest rates to help cool inflation, but Turkey […]

BUSINESS

Apple Is Ripe For The Pick

Apple (AAPL) officially has a market capitalization of $3 trillion. The tech giant passed the $182.86 mark at the beginning of the week, making it the first publicly traded company in history to hit such a market valuation. Apple’s rise to a $3 trillion market cap, which is based on its stock price, comes less than two years after its […]

BUSINESS

American Workers Exit The Job Market In Millions

Americans quit their jobs at an all-time monthly high of 4.5 million people, at the end of November. That figure surpasses the previous high reached in September when 4.4 million people left their jobs. Leisure and hospitality companies, such as restaurants, bars, and hotels, saw the greatest number of employee exits, with more than 1 million workers quitting in November […]

BUSINESS

Starbucks Move To Have Its U.S. Workers Vaccinated

Starbucks is taking the bull by the horns by demanding that all its U.S. workers be vaccinated against COVID-19 or be tested weekly as of February 9, in keeping with a federal mandate as the Omicron variant advances across the country. According to press reports, Starbucks Chief Operating Officer John Culver told the company’s domestic workforce of roughly 220,000 employees […]

BUSINESS

Will Apple Go Crypto?

Apple’s CEO Tim Cook is talking cryptocurrency, but will the head of the tech giant lead his company into the crypto world? He has said in prior reports that he personally owns cryptocurrency. However, he suggested that any foray of Apple into that area would be from a technology perspective, but not from a treasury decision. “It’s something we are […]

BUSINESS

DoorDash Calls For All Hands On Deck

DoorDash is requesting that all of its employees, from its top CEO to its lowest rank employee, make a delivery at least once a month.  However, some employees are peeved about this move by the company. In the New Year, the on-demand food delivery company will reinstate a program called WeDash, which it had paused during the pandemic. DoorDash launched […]