Nothing happens on Friday. This means more internet surfing, more texting your group chats about what you’re getting into this weekend, and more talking with your coworkers. So read this before throwing down at the water cooler and you might finally be able to impress that new marketer that joined last month.
Everyone likes you when you’re 23
The Dow Jones Industrial Average (DJIA) hit another milestone this past Tuesday by reaching 23 thousand. That continues its 9 year bull run and has risen over 17% just this year. That is about 10% higher than your average annual gain in the stock market. There was mass excitement earlier this year when the DJIA passed 20 thousand, but then the Trump Train kept chugging along past 21 and 22, opening at 23,163 this morning. We’ll find out how much more steam this train has as investors Thursday were reminded that all good things come to an end from the 30 year anniversary of Black Monday where the Dow plummeted over 22% in one day. [via Market Watch]
Is Amazon Coming to Your City?
Amazon is like a hot girl at the bar: everyone is trying their best to impress her. More than 100 potential mates have submitted their applications in hopes that their city will be the home of Amazons second headquarters. And what does Amazon have to offer you might ask? Only a minor 50,000 new jobs and a measly investment of about $5 billion. The deadline for applications was this past Thursday and applicants have ranged from large cities such as NYC and Chicago to smaller cities such as Maumee Ohio. Who knows… Amazon might be coming to a city near you.[via Bloomberg]
NAFTA all this time?
One of Donald Trump’s main campaign promises is that he would renegotiate the North American Free Trade Agreement, and if they didn’t get what they wanted then they would terminate it to get a much better deal for US workers. Well… now we’re at the end of round four and still the three countries cannot agree. This is mostly based on US proposals that certain percentages of manufactured products must be made by US workers and that the agreement is signed on sunset clause of 5 years. NAFTA is viewed in some eyes as a reason why the US has lost many manufacturing and technology jobs to other countries overseas in the past 24 years. Others see globalization, cheaper labor, and lower safety standards abroad as the reason for the jobs have left. While unlikely, the hope is that this New NAFTA will bring those jobs (and more) back. Only time will tell. [via CNN]
Last month, China banned residents from trading on crytocurrency exchanges. This had a large effect as most coins across the board dropped in value. Arguably the two most popular coins, Bitcoin and Ethereum, dropped to $3,000 and $200 respectably. Since the Chinese ban both of these currencies have rebounded over 40% with Bitcoin seemingly setting record highs each day. This test from China is a perfect example that the operation of blockchain technology doesn’t depend on one country or currency. Like the Dow, there still seems to be a lot of gas left in the tank for Bitcoin and other alt coins to increase in value this year. Like the great Lil Wayne said, the sky is the limit. [via Forbes]
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