Constellation Brands Inc., an international producer of beer, wine, and spirits, is allegedly looking to sell some of its United States wine brands. According to sources close to the matter, this deal could be worth as much as $3 billion. This news comes just two weeks after Constellation’s CEO of 11 years, Rob Sands, announced […]

On October 22, YouTube announced that it plans to spend $20 million on educational videos and other education initiatives. While YouTube is well-known as a home for everything from how-to videos to informational shorts, this represents YouTube’s first investment in education-specific content. In addition to working on its own original content and developing an explainer series […]

Residents of Palo Alto, California will soon be greeting banking giant JPMorgan Chase as it makes an aggressive expansion into the heart of Silicon Valley. The move comes as JPMorgan increases its focus on digital payments and technological integration within its various platforms and services. With roughly 50,000 employees working in tech, the division’s annual […]

On Friday, General Motors announced its support of a National Zero Emissions Vehicle (NZEV) program.  The program, modeled on California’s electric vehicle efforts, would gradually increase the percentage of electric vehicles that car manufacturers must produce each year in their fleet, beginning in 2021 at seven percent.  The company said the plan would lead to seven […]

This past May, the Supreme Court released a 6-3 decision which legalized sports betting across the US. One study predicted that following the decision thirty-two states would likely offer sports betting within the next five years. While all four major sports leagues supported upholding the sports gambling ban in court, all of the league commissioners, […]

Biotechnology startup Allogene Therapeutics debuted earlier this month as one of the largest startups in the field to go public since 2009. The initial public offering started at $18 per share, before surging over 30% on the first day of trading. At the midpoint of the target range of share prices, the firm commanded a […]

The financial technology arena is heating up as unregulated cryptocurrencies, digital tokens like Bitcoin that can be used as money without the backing of any country’s central bank, breed chaos and expose a need for international regulation. The Financial Action Task Force (FATF), Paris-based global watchdog for money laundering, is set to develop the first […]

As evidenced by the large but temporary plummet in the U.S. stock market in 2010, later coined the “flash crash,” market manipulation has taken on a new and adaptive form. Earlier this month, the Department of Justice filed a lawsuit against Yuchun Mao, Kamaldeep Gandhi, and Krishna Mohan for commodities fraud and futures-spoofing. This spoofing […]

The Saudi investment conference, nicknamed “Davos in the Desert,” took a hit after three Wall Street executives and dozens of top business leaders withdrew their attendance over the disappearance and murder of Jamal Khashoggi, a Saudi critic and Washington Post journalist. Some of those leaders were Jamie Dimon of JPMorgan, Stephen Schwarzman of Blackstone, Larry […]

Last week, Canada became the first major economy to legalize recreational marijuana use to the excitement of Canadian youth and cannabis companies that intend to expand beyond medical marijuana products. Despite the excitement, shares in publicly traded cannabis companies fell following the announcement. The downturn followed months of high stock prices and growth for many […]