Tuesday, Nov 9 to Monday, Nov 15, 2021 GE, Johnson & Johnson, and Toshiba have all announced plans to split Source: Bloomberg GE will break itself into 3 companies focused on healthcare, engines, and energy, respectively. J&J will break into 2 companies: one focused on drugs and medical devices, and another focused on consumer products. Japan’s Toshiba also announced that it will…

Tuesday, Nov 2 to Monday, Nov 8, 2021 China’s Evergrande sold its private jets to raise much needed cash Source: WSJ Evergrande had raised over $50 million by selling 2 of its private jets, narrowly missing default on its U.S. Bonds. The property developer recently owned at least 4 planes; the 2 Gulfstream jets it recently sold were its smaller aircrafts…

Tuesday, Oct 26 to Monday, Nov 1, 2021 Facebook changes name to Meta Source: Bloomberg Facebook is changing its name to Meta in effort to disassociate themselves from social media to focus more on a computing platform and virtual reality. Meta comes from metaverse, an idea from the imaginations of science fiction novelists. …

Tuesday, Oct 19 to Monday, Oct 25, 2021 Snap Inc. expects ad revenue to decline in the upcoming holiday season Source: BBG Supply chain bottlenecks and challenges has prompted companies to hold back on their ad spending for this upcoming holiday season. Executives expect a 30% rise in ad revenue in Q4, while analysts estimate an increase of almost 50%. This warning…

Tuesday, Oct 12th to Monday, Oct 18th, 2021 Congress passed a bill that increased the government’s short term debt limit Source: Bloomberg The vote for a bill that approved a short-term increase in the government’s debt limit was on partisan lines, and will be sent to Biden who is expected to sign the bill. This bill, if passed, would allow the Treasury…

Tuesday, Oct 5 to Monday, Oct 11, 2021 Lawmakers extend the short-term debt ceiling Source: CNBC Senate Majority Leader Chuck Schumer announced that lawmakers have decided to extend the debt ceiling. The short-term debt ceiling will be extended through early December, which will allow the debt limit to increase by $480 billion. As a result of…

Tuesday, Sept 28 to Monday, Oct 4, 2021 Inflation issues will be running through 2022 Source: CNBC Although the current pressures of inflation will eventually ease, according to Fed Chair Jerome Powell, it will most likely persist into 2022. Supply chain issues aren’t improving; in fact, margins are getting worse. Powell sees this continue until 2022. The…

Tuesday, Sept 21 to Monday, Sept 27, 2021 Evergrande, the world’s most indebted real estate developer, is on the edge of collapse Source: Bloomberg Evergrande, a Chinese real estate developer, currently has over $300 million in liabilities and 1.6 million unfinished pre-sold apartments. Creditors, which include suppliers, banks, foreign investors, and more, have said they have yet to be paid by the developer.

Wednesday, May 26 to Tuesday, June 1, 2021 Meatpacking giant JBS hit by Cyberattack Source: WSJ JBS, the world’s biggest meat company by sales, fell victim to a ransomware attack Tuesday, sending most of its US operations offline. JBS operations in Canada and Australia were affected by the attack as well. JBS says it will most…