Investing and Global Finance News

Author Archives: Tom Sanderson

Digital Markets Act is E.U.’s Attempt to Limit Big Tech

Digital Markets Act is E.U.’s Attempt to Limit Big Tech

The Digital Markets Act is the European Union’s most far-reaching piece of legislation since it passed its strict privacy laws in 2018. The law tackles the power of the leading tech companies and redefines the way app stores, digital marketing, online retail, and messaging platforms operate.

The legislation is designed to stop the biggest tech tools from using their correlated services and substantial resources to entrap users and defeat developing competitors. Practically speaking, big companies like Google will not be allowed to garner data from various services and then offer targeted ads without explicit users’ consent. Apple will have to accept alternatives besides its own App Store on its devices.

Europe is quickly emerging as an assertive controller of tech companies. If previous patterns are to be the guide, similar policies can be expected in other countries around the world. It also means that big tech is entering a new age of supervision, similar to those in health, banking, and transportation. When the law takes effect, it will come with hefty fines for violators: up to 20 percent of a company’s global revenue.

U.S. Museum Workers Unionizing Despite Labor Movement Slump

National union membership has reached historic lows; according to the Bureau of Labor Statistics, 10.3% of employed Americans are members of a union. And yet, over the past few years, workers at more than ten American art museums have formed unions to improve their wages and conditions of employment. In 2020, some 250 curators, stewards, conservators, guides,… Continue Reading

Pandemic Brings New Opportunities for Entrepreneurs

Pandemic Brings New Opportunities for Entrepreneurs

A growing number of Americans are starting their own business. The reasons behind this pandemic-driven entrepreneurial surge vary: some were laid off because of COVID and transitioned their “side hustle” to be their primary form of income; others took the time to reconsider their priorities and gave up on their grueling corporate jobs; for some,… Continue Reading

Trading Card Business Goes to Fanatics

Topps, the trading card business that paired Bazooka bubble gum and baseball cards over fifty years ago, has been bought by Fanatics, the sports memorabilia company. The sale valued Topps’s sports and entertainment sectors at just over $500 million. Topps lost its 70-year-old licensing agreement with Major League Baseball and the Major League Baseball Players Association… Continue Reading

BI Trends for 2022

It seems that automation is permeating practically every aspect of our lives. From grocery shopping to banking, communicating to cooking—automation functions and platforms are making every task easier and accessible. And business intelligence (BI) is no exception. Automation is set to be one of the biggest trends in that industry in 2022. Alongside process automation,… Continue Reading

NASDAQ Versus NYSE

What is the NASDAQ and how does it differ from the NYSE? In this video NASDAQ looks at Nasdaq is the largest digital stock market for trading securities in the world. Here we explain the basics of what sets it apart from exchanges such as the NYSE. Continue Reading

Job Gains

This article is written in an optimistic tone.  It comes with the hope that there have been significant job gains in recent times.  But it is not so straightforward because the question is, does one ask this in relation to the pandemic or as if we are in normal times? Job losses – as we… Continue Reading

Quotes for all Industries!

There are many statements and inspirational quotes from business executives. But what’s perhaps more interesting is the quotes from non-business executives.  Here we take a look at some by Yogi Berra (a Yankee baseball catcher), Gordon Ramsay (world famous chef) and Mohith Agadi (entertainment journalist). First, Yoni Berra who said: “If you don’t know where… Continue Reading

Global Economic Growth and Caution

CGTN representative discusses the recent report from the United Nations Conference on Trade and Development which “predicts a bounce back in the global economy this year with 5.3% growth which is the fastest in nearly 5 decades.” But caution is still necessary. Here’s why. Continue Reading