Business and Tech News - 3.25.24

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Skool Projekt Staff
March 25, 2024

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Government Shutdown Avoided

The American government will continue to function until at least the end of September. On Saturday, President Biden signed a $1.2 trillion spending package to avert a government shutdown. By averting a government shutdown, the government ensures the prospect of economic stability for both federal workers and the broader economy as a whole. 

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Missed out on Ring and Nest? Don’t let RYSE slip away!

Ring 一 Acquired by Amazon for $1.2B

Nest 一 Acquired by Google for $3.2B

If you missed out on these spectacular early investments in the Smart Home space, here’s your chance to grab hold of the next one.

RYSE is a tech firm poised to dominate the Smart Shades market (growing at an astonishing 55% annually), and their public offering of shares priced at just $1.50 has opened. 

They have generated over 20X growth in share price for early shareholders, with significant upside remaining as they just launched in over 100 Best Buy stores.

Retail distribution was the main driver behind the acquisitions of both Ring and Nest, and their exclusive deal with Best Buy puts them in pole position to dominate this burgeoning industry.

 

Trump's $454 Million Deadline

Donald Trump faces the very real possibility that New York’s attorney general will start trying to collect the $454 million that he owes in civil judgments against him unless he can come up with money to cover his bond. His bond is 120% of the $454 million judgment. Trump has been exhausting efforts to try and come up with the money he needs.

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United States v. Apple

The United States Department of Justice (DOJ) has filed an antitrust lawsuit against Apple claiming that it uses monopolistic practices to maintain its “dominance” in the smartphone market. Experts cannot agree on whether or not the DOJ has a strong case. Opinions are divided on whether the evidence indicates unfair competition.

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FAA Increases Oversight of United Airlines

The Federal Aviation Administration (FAA) said it is increasing oversight of United Airlines due to the numerous incidents they have been involved in recently. The FAA warned that some United projects may be delayed due to this increase. The move is an indication of their commitment to safety and compliance.

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Mega Millions Jackpot Hits $1.1 Billion

The Mega Millions jackpot has reached an estimated $1.1 billion for Tuesday’s drawing, while Powerball has reached an estimated $800 million for its next drawing tonight. The combined total for these jackpots is approaching $2 billion. Mega Millions drawings are on Tuesdays and Fridays, and Powerball jackpots are Mondays, Wednesdays, and Saturdays.

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Here’s how the markets closed on Friday:

 

 

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Disclaimer: This content is not intended as financial guidance. The purpose of this newsletter is purely educational, and it should not be interpreted as an encouragement to engage in buying, selling, or making any financial decisions regarding assets. Exercise caution and conduct your own research before making any investment choices.