The US Stock Market Declines: Here is the Reason!
Google’s parent company, Alphabet and Tesla, shared their earnings reports on Tuesday, leading to a big slump in the prices of these companies’ stocks. It has significantly affected the S&P 500 and the NASDAQ composite. Both indexes saw the most decline in a single day since 2022. The border index, S&P fell 2.31% to 5,427.13,…
Vipin
Florida A&M University Halts $7.75 Million Contribution
Amid concerns about the actual valuation of stock gifts, Florida’s A&M University decided to pause a $237.75 million donation after a media outbreak. FAMU (Florida A&M University) President Larry Robinson conducted an emergency board meeting to counter the doubts regarding the legitimacy of the gift. On May 4, 2024, FAMU’s commencement ceremony was held, where…
John David
Kim Godwin Departs ABC News After Historic 3-Year Tenure
After three tumultuous years as ABC News president, Kim Godwin, ABC News’ first-ever black president, has stepped down on 5 May 2024. Godwin announced her retirement on Sunday. For the time being, the news division of Walt Disney and Co. has been appointed by one of Disney’s executives, Debra O’Connell, who will oversee the ABC…
A New Turn In Hash Money Case: Trump Under Gag Order
Judge Juan Merchan placed Trump under a gag order after he posted a comment, “Certified Trump Hater,” on his daughter’s social media handle and after the request of Manhattan District Attorney Alvin Bragg. Under the gag order, he is barred from making any public statements against court staff, jurors, witnesses, and lawyers in the district…
Walmart-Backed Ibotta Hunting For Billions Valuation
After the successful IPOs of Astera Labs and Reddit, Ibotta, a digital promotions company whose backers include Walmart, is seeking to raise as much as $472.5 million in the Initial Public Offering (IPO). The Denver-based company, which helps brands to promote through rewards and rebates, is offering 2.5 million shares for $76 to $84 each,…
US Government Plans To Waive Mass Student Loans
Ever since Joe Biden joined office in 2021, providing relief to students has been one of their top administrative priorities. He launched a widespread loan forgiveness plan in 2022, but the Supreme Court brought the entire plan down last August. However, again, the Biden administration has come up with plans that will provide relief to…
Elon Musk’s X Restores Free Blue Checks For Some Accounts
In a surprising reversal of strategy, Elon Musk, the world’s second richest man and the owner of the social media platform X, formerly Twitter, has decided to restore free blue verification checkmarks to some influential users with a large following. With this move, he ended the earlier verification process in which users had to buy…
How Baltimore Bridge Collapsed: Its Effects On US
Baltimore Bridge, also known as the Francis Scott Key Bridge, was 47 years old, spanning from the Truss Bridge to the Patapsco River and outer Baltimore Harbor. It carried the Maryland 695 route between Hawkins Point and Dundalk in Baltimore. The bridge collapsed on 26 March 2024. The bridge, which is no more, provided access…
Learning About The U.S. Easing Vehicle Emissions Rules
The EPA ((Environment Protection Policy) issued a final vehicle emission rule on 20 March 2024, with the goal of accelerating the switch to EVs (Electric vehicles). It was first proposed in April 2023, and it will be implemented in 2027, that will enable manufacturers to create a mix of gas, electric, fuel cell, hybrid, and…
Florida Governor Signs Bill Banning Homeless From Camping In Public Spaces
On March 20, Florida’s Governor, Ron DeSantis, took a firm stance on homelessness as he signed a law bill that bans public sleeping and camping on municipal properties like sidewalks, streets, and parks across the state. This law is characterized as a “law-and-order” step that helps homeless people. Under this law, people won’t be allowed…