The owner of the New York Mets, Steve Cohen, has been approved to operate a casino that is next to Citi Field in Queens, New York. This is one of the three projects that the State Gaming Commission’s Facility Location Board has been working on in New York City that have been selected for gambling […]
Tag: Finance
Former Amazon CEO, Jeff Bezos, created an AI Startup named ‘Project Prometheus’
In a recent announcement, Jeff Bezos, the former CEO of Amazon, announced the launch of a new AI startup named “Project Prometheus”. This project is one of the many startups that have entered the race for AI development and implementation. He will be running the company alongside fellow co-CEO Vik Bajaj, a celebrity chemist and […]
Trump Has Proposed a 50-Year Mortgage Plan
In a recent Truth Social post, President Donald Trump has proposed that a new, 50-year mortgage plan be developed for young Americans to help them with purchasing real estate. For years now, the housing market of the United States has been an issue that millions of young Americans have grappled with. With houses being so […]
Amazon signs $38 billion deal with OpenAI
On Monday morning this week, Amazon’s stock rose around 5% after announcing that they have signed a $38 billion deal with OpenAI to allow them access to hundreds of thousands of AI chips produced by Nvidia. This deal is set to last for 7 years and should provide the company more freedom with their AI’s […]
Meta Takes On $30 Billion in Debt for The AI Race
Meta, the American multinational technology company, has recently taken on a large $30 billion debt to support the company’s desire to win the race for AI technological development. Artificial Intelligence has been a new technology that all major companies have been pursuing ever since it has proven its feasibility to replace an employee and produce […]
OpenAI Expected to Burn over $100 Billion by 2029
OpenAI is expected to ramp up the power of its AI, expending over $100 billion to increase the power available. ChatGPT, one of the most famous AIs under the company, is expected to be the focus of this expansion to meet the public’s heightened demand. OpenAI is an American artificial intelligence organization that was founded […]
New York’s Financial Sector Losing Its Dominance Over the Field
New York City has been considered the world’s financial capital for years, thanks to the presence of Wall Street and The New York Stock Exchange. However, when it comes to the size of the financial workforce in the sector, a new rival has emerged in Texas. Recently, Texas now has more workers in the financial […]
The Importance of Brick-and-Mortar Stores
More often nowadays, you hear of the various in-person stores and locations that close or go out of business. The huge competition that online shopping brings has had devastating effects on the brick-and-mortar setup that many industries relied on. Despite this, these stores still offer experiences that no website can replicate, which is why they […]
America’s Tipping Culture is Flawed
In America, we tend to do things that vastly differ from other countries, ranging from our policies to the way we measure length and temperatures. These changes are confusing for most of our neighboring nations, but something in the service industry has even Americans scratching their heads. That would be the current culture of tipping […]
Inflation’s Sticky Grip
Inflation continues its persistent climb, casting a long shadow over the economic landscape for American consumers and small businesses. While the overall Consumer Price Index (CPI) rose two-point-seven percent over the last twelve months ending in June, according to the Bureau of Labor Statistics (BLS), the real pinch is felt acutely in essential sectors like […]
The Sad Story of Blockbuster’s Downfall
For many people nowadays, it’s hard to imagine watching anything without streaming. We have access to thousands of movies and tv shows across multiple streaming platforms, but it wasn’t always like that. To watch a movie at home, you would have to buy or rent a physical copy from a store, and no other company […]
Are Silver and Gold Investments Still Good?
In an ever-growing pool of stocks and investments, it can be a challenge to know where to hedge your bets. Most new financial ventures are filled with risks, and there is hardly anything that can guarantee success in the future. However, silver and gold have been valuable assets in society for centuries, and yet they […]
