Today, Uber will start to trade shares on the New York Stock Exchange in one of the mostly highly anticipated IPOs ever. Although the ride-hailing service had been pushing for a $100 billion valuation, it began the day trading at $45 per share, amounting to a valuation of about $82.4 billion. This enormous windfall will create instant fortunes for those who invested early in Uber. For the company’s millions of drivers, however, it’s unlikely they will benefit that much from Continue reading

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If you’ve never seen a tiny Smart car puttering around the streets of your town, then you’re certainly not alone. The American public have taken little interest in these subcompact, battery-powered two seaters, with the German automaker selling less than 1,200 of its Fourtwo model in 2018. That’s why Smart’s parent company Daimler recently announced it would stop selling the car in the U.S. and Canada after this model year.

“Micro-cars” like these “make sense when you have small roads Continue reading

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April 30, 2019

This weekend Marvel released Avengers: Endgame, the final installment of the original “Cinematic Universe” that the company built across 22 films over the last decade. Perhaps the most anticipated movie of the year, millions of people all over the world flocked to theaters to watch the conclusion to this massive franchise. In fact, this weekend Avengers: Endgame rocketed to the No. 1 box office spot in 54 countries as it earned $1.2 billion worldwide. The movie brought in $350 Continue reading

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April 26, 2019

In 2018 Americans received as many as 48 billion unwanted robocalls from telemarketers and scammers. Although legislators have tried to put a stop to these irritating interruptions, completely stamping out unwanted or fraudulent robocalls appears to be a nearly impossible task. This video shows how the power of the Internet as well as regulatory loopholes allow robocallers to operate without much interference.

Questions:

  1. Why is it often difficult for regulators to collect penalties issued against robocall companies?
  2. Why can’t regulators Continue reading
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April 16, 2019

Last year consumers around the globe purchased more than 78 million smart speakers like the Amazon Echo. The e-commerce giant’s hit product is powered by Alexa, a voice-activated digital assistant that can respond to spoken commands. For example, ask Alexa what the weather is like and she will respond with the temperature as well as the chance for rain. In its marketing materials, Amazon says that Alexa “lives in the cloud and is always getting smarter.” But while many customers Continue reading

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April 2, 2019

In 2016 a majority of U.K. voters chose to leave the European Union, a controversial decision that led to years of confusion and infighting among lawmakers. In fact, British officials were supposed to have all the details of “Brexit” hammered out by March 29, 2019. They missed that deadline, of course, and unfortunately aren’t any closer to brokering a deal to leave the European economic community. Now the nation faces the risk of crashing out of the EU with no Continue reading

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March 29, 2019

China’s population is aging on a massive scale. Within 30 years, experts estimate that the country will be home to more than 500 million citizens over 60. As a result, China’s economy and society could face majors changes as it strives to meet the needs of seniors. This video takes a look at the massive purchasing power that the nation’s seniors will soon wield and how businesses are responding to shifting demographics.

Questions:

  1. How does Granny Sunshine’s success in fashion Continue reading
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March 15, 2019

With stories about the Boeing 737 Max 8’s potentially fatal flaws dominating the news, some consumers may start to lose trust in the safety of air travel. As this video shows, that’s what happened in the 1930s when the Hindenburg airship plummeted in flames on a journey from Germany to the U.S. Although it wasn’t the first nor the deadliest airship crash, footage of the burning Hindenburg shocked the public and destroyed almost all confidence in the budding airship industry. Continue reading

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March 14, 2019

On Tuesday we looked at how countries around the world responded to the tragic crash of Ethiopian Airlines Flight 302. Initial investigations showed similarities between this disaster and the crash of a Lion Air flight five months ago, which also involved a Boeing 737 Max 8 model jetliner. As a result, China and Indonesia almost immediately pulled the aircraft from use while countries like the U.K., India, and Egypt quickly followed suit. But not every country joined the international Continue reading

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March 12, 2019

On Sunday Ethiopian Airlines Flight 302 crashed shortly after take off, killing all 157 people on board. Although the cause of this tragedy will be under investigation for some time, many in the aviation industry were quick to blame the disaster on the model of aircraft used for the flight: the Boeing 737 Max 8. After all, this marks the second time within five months that this type of jetliner has crashed soon after taking off. In October a Lion Continue reading

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