The Top Trending Online Business News This Week – Oct. 19 2018
Too many things do happen in the business realm. Not a minute passes by without something new cropping up.
Be it a revolutionary gadget or a super car, there is no shortage of new stories
We try to update you with these.
Below are top trending stories for this week.
Legalizing Marijuana Has Coincided With Rise In Car Crashes
The number of car crashes in highways of the states where marijuana has been legalized has soared up to 6 percent.
Despite there being no direct correlation between these two, it is understandable as to why red flags are being raised about this issue.
This further adds to the misery, there is no way to measure if the drivers were driving under the influence of marijuana.
Nearly 30 states have allowed the use of marijuana for medicinal purposes and many others are still to follow suit.
It is still very early to predict the negatives of marijuana in road safety but the recent trends are really alarming.
Even more alarming is the fact that for all those car crashes 14 percent of the drivers who were smoking pot had children in the cars.
It is still yet unclear as to whether the use of pot is for medical purposes or recreational ones.
Jamal Khashoggi Laments The Lack Of Free Press In Final Column
One of the top viral news in the last week has been the alleged murder of The Washington DC columnist Jamal Khashoggi.
Khashoggi, who was a fierce critic of Saudi crown prince Mohammed Bin Salman is said to have been murdered and then dismembered in the Saudi consulate in Turkey.
In his last column for the The Washington Post, Khashoggi lamented about the lack of free press in the Arab World.
In that 700-word column released by his assistant Khashoggi said that the Arab world is imposing its own Iron Curtain because of the power struggle between domestic forces.
Khashoggi’s body hasn’t been found yet amid reports by Turkish authorities that Khashoggi was killed by members of the Saudi royal court.
Samsung Has Figured Out The Holy Grail Of Chipmaking
The South Korean tech giant has figured out the EUV (Extreme Ultra Violet) – a chip manufacturing technique that dramatically improves the battery life of a smartphone.
For a long time researchers have known that the EUV will be the answer to the fairly short battery life that our smartphones are subjected to.
The chips are manufactured by projecting circuitry patterns onto silicon wafers using light.
The challenges that Samsung faced before were the power of the source of light and the volume of wafers that should be processed every day.
But now those problems have been resolved and Samsung is now set to start commercializing these revolutionary chips that will reduce power consumption in a phone by 50 percent.
It remains to be seen whether this breakthrough will lead to even more expensive phones since Samsung supplies its chip technology to other phone makers.
Billions To Be Cut In Response To US Sanctions
US sanctions against Saudi Arabia may never materialize despite international outcry over the alleged murder of Washington Post columnist Jamal Khashoggi.
Washington has pledged to inflict severe punishment to Saudi Arabia for murdering and dismembering the journalist in their Istanbul consulate in Turkey.
But the oil-rich monarchy has hit back by threatening to use more effective means to navigate the sanctions.
The Saudis could stop supplying oil to the United States which will severely rock the economy of America.
Adding further insult to an injury, the Saudis could also stop buying weapons from America and instead turn to Russia as the main supplier of their weapons.
Dropping the weapon contracts will cost the United States billions of dollars that they receive as part of the weapons deal between the two countries.
Among the top viral news recently has been the murder of Khashoggi.
It remains to be seen whether sanctions will be imposed against the Arabs considering the economic repercussions it would have to the United States.
Focus On Markets Has Dropped And Records Are Being Ignored By Networks
Average highs and major falls are what have characterised the October stock market.
But news networks across the country have decided to focus on one only side of the economy — the Bad side.
The CBS Evening News and the ABC World News all decided to air negative stories about it.
They all pointed that October 10 was the worst day of the stock market and made sure nobody was given a glimpse of the good side if the economy.
News outlets focusing on negative news has been one of the most viral trends recently that many people have begun questioning credibility of the news.
A good example is The Dow that set an all time high record by rising through five straight sessions but news outlets kept quiet on that one.
This situation has worsened especially in the Trump era as outlets focus on delivering bad news to investors.