Business News

It wasn’t that long ago, so most everyone probably remembers the Reddit fueled Wall Street battle for GameStop that happened earlier this year. Thanks to very large number of people trying to bump up the chain’s value, GameStop’s stock value is actually ten times higher right now than it was at the beginning of 2021. One might think this was actually a good thing for the company, having good value after the debacle that was 2020, but unfortunately, this stock increase has very little to do with the actual performance of the business. This is made pretty clear by GameStop’s fourth quarter and 2020 fiscal year results.

Chick-fil-A is taking a leap into the delivery future with its recent enlistment of help from Refraction AI. This company uses robotics to lower a business’ last-mile delivery cost. The popular fast food focuses on offering delicious chicken sandwiches and will begin using Refraction’s services in late June in the Austin area.

In the midst of this global health crisis which has now turned into a financial crisis for the foreseeable future, General Motors (GM) is offering a deal to consumers in order to stay afloat as well as increase aggregate demand, which is almost too good to pass up.

It is always a little difficult to imagine a company going on without the one who started it all, but Microsoft has announced that Bill Gates himself has stepped down from its board of directors in order to “dedicate more time to his philanthropic priorities including global health, development, education, and his increasing engagement in tackling climate change." Gates served as the chairman of the board since 2014.

It wasn't too long ago when you were simply able to book a flight online, go to the airport, check-in for your flight, (be overcharged for your checked baggage, in the process), zip through security and board your flight to your destination. Most people have been through this process countless times and never thought twice about the worries or possibility of getting seriously ill. Because of Coronavirus (Covid-19), however, the times have changed, dramatically. Just as after 911, air travel, amongst many other industries will never be the same.

This probably shouldn’t come as a surprise to anyone: as games become more and more advanced in scope and graphics, chances are it is going to take more workers, more time, and more money to make them. Simple economics: the more complex a product is, the more it costs to produce, and usually, the more it costs to buy as a consumer. Whether or not games will be more expensive for consumers to buy anytime soon remains to be seen, but for now, Jim Ryan, President of Sony Interactive Entertainment, is convinced that production of next gen games will be more expensive, though only slightly.

Some states are reopening, and some are extending lockdowns. Either way, the future of the world’s biggest consumer economy looks shaky at least. With this point universally understood, the chairman of the Federal Reserve, Jerome Powell, has stepped in to say that the Fed is prepared to print as much new money as needed in order to stabilize the economy as it currently stands on unstable grounds. According to The Washington Times, “Federal Reserve Chairman Jerome H. Powell said Wednesday that Congress might need to spend more on coronavirus relief to pull the nation out of an economic crisis that has cost more than 20 million jobs.”

In the midst of one of the largest health and financial crisis of a generation, Tesla manufacturing plants have had to suspend production indefinitely in order to flatten the curve via social distancing so that we come out of the present and invisible threat of COVID-19, aka the coronavirus.

If you still needed any evidence that proved the Coronavirus is out to ruin good entertainment, consider the fact that Netflix has gone out of its way to create a $100 million fund to support all of the people that are out of work, thanks to the virus shutting down film and TV production across the board.