The world of business is always evolving, with new stories emerging every day that impact the business landscape. This week, NBC Business News covers some of the most impactful stories from the world of business. In this article, we take a closer look at the top 5 stories that have caught our attention.
1. Apple’s Record Quarter
One of the biggest stories this week is Apple’s record-breaking quarter. The tech giant reported sales of $111.4 billion in the first quarter of 2021, record-breaking growth for the company. The strong sales performance was driven by the release of the iPhone 12, which boosted Apple’s revenue significantly.
2. GameStop Shares Surge
Another story that has taken the business world by storm is the surge in GameStop shares. The struggling video game retailer’s stock price has skyrocketed, largely due to the actions of a group of amateur traders on Reddit. While the story is still developing, it has sparked discussions around the power of online communities and the impact they can have on the stock market.
3. NYC to Divest from Fossil Fuels
New York City made headlines this week with the announcement that it would be divesting from fossil fuels. The city has pledged to divest $4 billion from fossil fuel companies within the next five years, becoming one of the first major cities to take such significant action in the fight against climate change.
4. Boeing’s 777 Grounded
Boeing has been in the news again this week, with its 777 planes being grounded following a failure of one of the engines. While no injuries have been reported, the incident has raised concerns about the safety of the 777 and has led to calls for inspections of the engines used by the planes.
5. Tesla’s Bitcoin Investment
Finally, Tesla made waves this week with its announcement that it had invested $1.5 billion in Bitcoin. The move sent Bitcoin soaring to a record high, and sparked discussions around the viability of the cryptocurrency as an investment vehicle.
In conclusion, these stories demonstrate the ever-changing nature of the business world, and the impact that small events can have on large companies and industries. From record-breaking sales to major shifts in investment strategies, these stories offer important insights into the state of the global economy. It will be interesting to see how these stories continue to develop, and what further impacts they may have in the months to come.
