Monday, July 26, 2021
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Luxury college housing / IKEA meatballs tainted

• Traces of horse meat were found in the Swedish meatballs famously served at furniture giant IKEA. The company stopped selling meatballs in European stores where the meat was found until inspections are conducted, according to the Wall Street Journal.

• Markets were rattled across the globe when Italian election results were inconclusive, thus leaving another fog of uncertainty over the European economy. Italian voters rejected austerity measures that had been in place by supporting parties that promised lower taxes and a removal of previous emergency reform policies, according to the New York Times.

• Large home builders such as Lennar Corp. and  Toll Brothers Inc. are buying land near large college campuses to construct upscale off-campus housing. The move diversifies the company’s projects and enters them into a market that they feel is more recession-proof than housing, according to the Wall Street Journal.

• Target Corp. is expanding outside the United States into Canada by acquiring up to 220 locations from the department store Zellars. Target hopes to compete with Walmart, which moved into Canada 17 years ago, according to the New York Times.

• New Jersey is now the biggest state to allow regulated online gambling in the nation. The change would allow casinos to run websites that let individuals make bets on casino games, according to the Wall Street Journal.

• GameStop, a video game retailer, experienced flat earnings lately due to the looming threat of streaming and digitally downloaded video games. Additionally, the company is worried that Microsoft will ban the use of online games on its new console, according to CNBC.

• The College’s Economics Club meets on Mondays at 3:30pm in the Business Building room 214. The club is a resource for students looking to network with fellow students and professionals, as well as discuss current events and career development.


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