The world of business is always in a flux, with multiple events and occurrences happening all the time. It’s easy to miss something amidst all the noise and confusion, which is why we’ve dug deeper to bring you the top 5 major business news stories that occurred in the USA this week.
1. Apple’s new product launch
Apple recently held its annual event, where it launched new gadgets and products, including the new Apple Watch, iPad, and Fitness+ service. Although the event was held virtually due to the pandemic, it still managed to captivate Apple enthusiasts worldwide and set a new standard.
2. Disney’s focus on streaming
Disney continues to push its streaming service, Disney+, to the forefront of its brand, with its recent move to reorganize its media and entertainment divisions. The restructuring aims to focus more on the streaming service, given the growing demand for online streaming and the economic impact of the pandemic on traditional movie theaters.
3. Ford’s recent recall
Ford recently announced a recall of around 600,000 vehicles in the US and Canada due to issues with the rearview camera. This move follows a previous recall of 2.5 million vehicles earlier in the year due to faulty door latches and includes popular models like the F-150 pickup truck and Mustang sports car.
4. The impact of the ongoing pandemic on small businesses
The pandemic continues to hurt small businesses across the US, with around 60% of small businesses stating that they may be forced to close their doors permanently. The need for government aid and business support has grown even more crucial, with small businesses struggling to stay afloat and keep their employees.
5. Tesla’s rise in the stock market
Tesla’s stock prices continue to soar, with its market value now surpassing many of the major automakers combined. The reason for this can be attributed to Tesla’s focus on electric vehicles and advancements in autonomous driving technology, as well as the company’s continuous growth despite the impact of the pandemic on the automobile industry.
In conclusion, these five major business news stories highlight the ever-changing landscape of the business world, with new tech advancements, shifting priorities, and ongoing challenges due to the pandemic. These stories not only provide an insight into the state of the industry but also offer an opportunity to reflect on the current state of the economy and what it means for businesses and consumers alike.
