Gaming the System: Arbitrage in the PS5 Console Market
Gamers looking to get their hands on the new PlayStation 5 console will be disappointed if they try to find one at a retail store. Within days of its release,…
The ‘McPlant’: McDonald’s enters the Plant Based Market
The plant based industry has become a billion-dollar industry, surpassing annual sales of over $5 billion in 2019. According to the Plant Based Food Association’s report, one-third of Americans are…
1.4 Million Jobs Added in August
Over 20 million jobs have been lost since the coronavirus pandemic began to impact the United States in early March. In March, a record 6.9 million people filed for unemployment…
Falling Rents in US Cities
Rents in Manhattan have fallen sharply in the past month. The median rent fell by 7%, marking the first time rents in the New York borough have decreased in over…
Costs and Benefits of Solar Powered Cars
A new start-up company has developed an electric car that charges while you drive. The German company, Sono, largely funded development of the car through crowdsourcing. The vehicle is almost…
U.S. Economy Contracted By More than 32 Percent
From April to June 2020, the U.S. GDP plummeted at an annual rate of 32.9 percent, the worst drop on record. As businesses closed across the country due to the…
Thousands of U.S. Workers Participate in “Strike for Black Lives”
Yesterday, tens of thousands of workers across the U.S. walked off their jobs in support of the “Strike for Black Lives.” According to organizers, the strike was held to bring…
Investors Prepare for Stock Market Volatility
During the first six months of 2020, U.S. stock markets went through their biggest quarter-to-quarter swing in more than 80 years. March saw share prices plummet as businesses across the…
Rockets’ Red Glare
As many communities canceled Fourth of July celebrations and fireworks shows, more Americans chose to celebrate at home. This shift from public celebration to private parties led to a significant…
U.S. Billionaires Have Made $584 Billion During the Pandemic
According to experts, the coronavirus pandemic has deepened economic inequality and expanded the racial wealth gap across the U.S. While the unemployment rate for white workers sits at 12.4 percent,…