As businesses around the world face unprecedented challenges due to the pandemic, staying on top of the latest breaking news can mean the difference between success and failure. In this article, we will review the top breaking business news stories happening right now that you need to know, as well as insights and commentary on each event.
1. Global Tech Companies’ Revenues Soar During Pandemic
As more people worked remotely and shopped online due to the pandemic, global tech companies such as Apple, Amazon, Facebook, and Google’s parent company Alphabet, have seen their revenues soar. With people relying on social media, e-commerce and digital entertainment increasingly, the pandemic accelerated the already growing shift towards digital lifestyles.
2. Biden Administration’s Infrastructure Plan
President Joe Biden’s proposed infrastructure plan includes $2.3 trillion in spending over eight years, with the bulk of it going towards transportation, broadband, and upgrading water and sewer systems. The plan represents a significant investment in infrastructure since the Eisenhower Administration and aims to improve the competitiveness of the U.S. economy.
3. The Rise of ESG Investing
ESG (environmental, social and governance) investing is growing in popularity as investors increasingly demand that their portfolios reflect their personal values. The pandemic has focused attention on issues such as climate change and racial justice, which has led to more people investing in companies that prioritize social and environmental responsibility.
4. Companies Requiring Vaccinations for Workers
Several companies, including Delta Airlines and Microsoft, are now requiring their employees to be vaccinated against COVID-19. The move has caused controversy, with some employees pushing back against mandatory vaccination policies. However, these requirements are likely to become more common as companies strive to ensure the safety of their employees and customers.
5. Cryptocurrency Goes Mainstream
Cryptocurrency, once seen as a niche technology, is now gaining mainstream acceptance. Many companies, including Tesla and PayPal, have begun accepting Bitcoin as payment for goods and services. Moreover, institutional investors, such as mutual funds and insurance companies, are starting to invest in cryptocurrency and blockchain technology.
In conclusion, keeping up with breaking business news can be critical for your success as a business owner, investor, or professional. Whether it is the rise of ESG investing or the adoption of cryptocurrency, these news stories are sure to have wide-ranging effects on the business world. By staying informed and adapting to new trends, you can stay ahead of the curve and make informed decisions that will benefit your business.
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