Business News – 11-30-2021

Adobe Analytics says Cyber Monday online sales have dropped by 1.4% from last year According to information from Adobe Analytics, this year’s Cyber Monday sales marked a 1.4% decrease from 2020 to $10.7 billion  So far, from Nov. 1 through Cyber Monday, consumers in the United States have spent $109.8 billion online, which is up… Continue reading Business News – 11-30-2021

Business News – 11-29-2021

Nissan plans to invest $17.6 billion over 5 years towards EVs Over the course of 5 consecutive years, Nissan plans to invest about 2 trillion yen or $17.6 billion US into efforts related to electric vehicles On November 29, Nissan said that the company would aim to roll out 23 new electric car models by… Continue reading Business News – 11-29-2021

Business News – 11-22-2021

Authentic Brands Group delays IPO to sell stake in deal, making company worth $12.7B Authentic Brands Group has canceled its plans for an IPO and instead has planned to sell significant equity stakes in its business to private equity firm CVC Captial, and other current shareholders which value the company at $12.7 Billion The CEO… Continue reading Business News – 11-22-2021

Business News – 11-19-2021

Electric aircraft produced by Rolls-Royce breaks record after topping 387 mph According to an announcement on November 19, Rolls-Royce said its all-electric aircraft had reached a maximum speed of 623 km/h or about 387 mph  The “Spirit of Innovation” is the result of a project called ACCEL, or Accelerating the Electrification of Flight  Build Back… Continue reading Business News – 11-19-2021

Business News – 11-18-2021

Blue Origin raised offer to cover $3B in lunar lander costs in lost NASA lawsuit  An offer by Jeff Bezos’ Blue Origin to cover NASA costs of an astronaut lunar lander increased from $2 billion to upwards of $3 billion Bob Smith, the CEO of Blue Origin said that the company would “add valuable competition”… Continue reading Business News – 11-18-2021

Business News – 11-17-2021

Biden Administration holds oil and gas lease sale in the Gulf of Mexico On November 17, the Biden Administration opened more than 80 million acres to auction for oil and gas drilling in the Gulf of Mexico This sale is a major reversal of Biden’s commitment to shut down any new oil and natural gas… Continue reading Business News – 11-17-2021

Business News – 11-16-2021

CEO of Lucid says the start-up will be valued like Tesla in the future Peter Rawlinson, the CEO of Lucid thinks that there’s a bright future for the company and believes that the start-up’s stock and market cap will surpass tesla and other automakers Currently, Lucid’s market cap is around $73 billion and is approaching… Continue reading Business News – 11-16-2021

Business News – 11-15-2021

To fund improvements at field, Green Bay Packers will sell $90 million of stock in NFL team The Green Bay Packers plans to sell $90 million worth of shares in the football team in order to help fund improvement sat the Lambeau Field  The offering of 300,000 shares will begin at 9 a.m. ET, Tuesday,… Continue reading Business News – 11-15-2021

Business News – 11-11-2021

Disney stock continues to fall as inflation increases Shares of Disney have continued to be negative for this year in 2021 and remain behind the S&P 500 Index Return As Disney’s3rd quarter earning swerve announced, it shows that streaming subscriber additions slowed down and costs for its content and Parks business rise GM aims to… Continue reading Business News – 11-11-2021

Business News – 11-10-2021

Crew-3 SpaceX mission to launch 4 more astronauts for NASA On November 10, SpaceX will launch the Crew-3 mission for NASA which marks the company’s 5th crewed mission in the past 18 months The crew are set for liftoff at 9:03 om ET at NASA’s Kennedy Space Center in Florida with the astronauts set to… Continue reading Business News – 11-10-2021

Business News – 11-09-2021

Investment firm will now need consent to hire white men As part of their diversity hiring initiative, leaders at one of the largest investment firms in the world, State Street Global Advisors, need permission to hire white men The investment firm aims to triple the amount of black, asian, and other minority staff in senior… Continue reading Business News – 11-09-2021

Business News – 09-17-2021

LA Clippers reach $500 million-plus deal with TurboTax  The Los Angeles Clippers have announced on September 17, that they have reached a sponsorship deal with Intuit, owner of Turbotax Intuit, which holds the rights to the arena, the new $1.2 billion arena is scheduled to open in Inglewood in 2024 with around 18,000 Survey finds… Continue reading Business News – 09-17-2021

Business News – 09-16-2021

Rolls-Royce all-electric aircraft completes maiden flight in Britain The first all-electric aircraft Rolls-Royce has ever produced has completed its first flight for about 15 minutes in the United Kingdom this week According to information by Rolls-Royce, they say the plane is the “Spirit of Innovation” and it uses a 400-kilowatt electric powertrain  In the future,… Continue reading Business News – 09-16-2021

Business News – 09-15-2021

First Non-profession astronauts to launch into orbit through SpaceX For the first time in the history of the company and the world, Elon Musk’s SpaceX prepares to launch 4 civilians into space The mission is named Inspiration4 and scheduled to lift off on Wednesday nit opening at 8:02 p.m ET Ford and Argo AI have… Continue reading Business News – 09-15-2021

Business News – 09-14-2021

CEO of Kroger says finding good workers is grocer’s biggest challenge Rodney McMullen, Kroger’s CEO has said that the country’s largest supermarket operator currently has around 20,000 job openings Kroger has announced on September 14 that they have also teamed with Instacart to increase their ability to fulfill online grocery orders  Orbital Marine Power to… Continue reading Business News – 09-14-2021

Business News – 09-13-2021

Lowe’s executive hired by Ford to lead the automaker’s software and data transformation The previous president for Lowe’s online presence, Mike Amend had been hired by Ford to oversee software, data, and technology Ford’s CEO, Jim Farley believes that improvements in the company’s tech space are key to his Ford+ turnaround plant which is designed… Continue reading Business News – 09-13-2021