Business
Pertaining to and impacting businesses, markets and the economy
April 16, 2021
In his last letter as the CEO, Bezos said "we need a better vision for how we create value for our employees.” Bezos said in 2021 Amazon would invest more than $300 million into safety projects.
April 10, 2021
Amazon workers at a warehouse in Alabama voted decisively against forming a union on Friday. 1,798 out of 2,536 employees voted against unionization.
April 9, 2021
Nike filed a lawsuit over the black-and-red, devil-themed sneakers, which carry Nike's “swoosh” logo. To end the lawsuit, MSCHF agreed to initiate a "voluntary recall and buyback" of the satanic-themed shoes as well as its previously released Jesus Shoes.
April 8, 2021
Virginia lawmakers have approved Governor Northam's request to legalize the possession and growth of small amounts of recreational marijuana starting July. The bill to legalize the sale of recreational marijuana was passed in February to be enacted in 2024.
April 8, 2021
President Joe Biden had proposed to fund his $2 trillion-plus infrastructure plan by increasing corporate taxes from 21% to 28%. Republicans and Corporations had expressed opposition to the planned increase.
April 7, 2021
In March, President Biden proposed a $2.3 trillion infrastructure plan, which included a hike in corporate tax rates. The plan proposes to increase the corporate tax rate over 15 years, from 21% to 28%, to pay for infrastructure development.
April 6, 2021
Top Democrats on the Senate Finance Committee proposed tax reforms to eliminate incentives for companies to move operations overseas. The senators are targeting provisions in the 2017 Tax and Jobs Act that govern how companies’ foreign income is taxed.
April 2, 2021
After two months of factory shutdowns early in the pandemic, the automaker industry is now experiencing shortages of critical components, including computer chips. Semiconductor chips are used extensively in vehicles, including entertainment systems, power steering, and brakes.
March 30, 2021
MSCHF's "Satan Shoes" is allegedly the unofficial design of Nike's trademark Air Max 97. MSCHF Product Studio designed the shoes with performer Lil Nas X.
March 21, 2021
From the time Ark published its previous note on January 31, 2020, Tesla's stock has risen by 400%. China's military, according to reports, banned Tesla cars from its facilities because of security concerns about the data collected by cameras installed in the cars.