Four things you didn’t know about what’s happening in the stock market
Volkswagen
This week, Volkswagen admitted their cars actually have a device in them that knows when they’re being tested and produces a lower amount of emissions. In actuality, they produce 10 to 40 times higher emissions than allowed by the Environmental Protection Agency. This caused a 23 percent drop in their stocks, and has opened up concerns about Germany’s economy which is largely based on manufacturing cars. CEO Martin Winterkorn resigned today.
Interest Rates
Last week, the stock market dropped in response to the announcement that the Federal Reserve might increase interest rates. The interest rate has rested near zero since 2008 in order to help the U.S. economy recover in wake of the recession. The chairwoman of FED, Janet Yellen still expects the central bank to raise interest rates before 2016.
Additionally, the Don Jones has dropped nearly 2,000 points since June. It currently rests at 16,279.
Chinese Factories
Chinese factory growth is at its lowest point since 2009. While many economists hoped for a revival in the Chinese economy, that hasn’t occurred. As such, other countries who trade very closely with China are concerned that this will lead to a “hard landing” in their economies, as well.
The decline is reportedly due to weak foreign demand and low export prices. This led all of China’s leading stocks to fall drastically over the last couple months.
Greek Depression
After elections in Greece, Alexis Tsipras was elected the Prime Minister, which allowed them to start receiving a bailout worth $96 billion. Greece’s current depression-like state is projected to continue declining for the next year. Its unemployment rate is currently 25 percent, and it has the highest poverty rate in the European Union.
The country’s banks and stock exchange were forced to close for several weeks in July, before reopening with a withdrawal-cap.
More Stories
USF admin’s response to suicides unclear. What we know so far.
USF’s administration will not say who or how it will prevent future suicides on campus a month after a student leapt from an upper floor balcony of the Interdisciplinary Science Building – the third suicide since fall 2022. The Oracle has asked repeatedly about which USF administrators are overseeing suicide prevention initiatives and how the […]
USF SG leaders look back on campaign accomplishments while on non-speaking terms
Student body president Cesar Esmeraldi and vice president Elizabeth Volmy reached nearly every campaign goal during their term. The one thing that didn’t persevere was their unity. The pair ended their tenure reflecting on it from separate rooms. “We’ve had a great year,” Esmeraldi said. “I’m very happy with everything we’ve built. But because of […]
USF’s ‘Take Back the Night’ allows sexual survivors to share pain, resilience: ‘Recovery isn’t easy.’
A sexual assault survivor, who was the first speaker at Wednesday evening’s “Take Back the Night,” said the hardest day of their life was not when they were assaulted – it was the day after. “When I had to call my mom and tell her how her [child lost their] virginity and tell my therapist […]
USF campus ministers offer perspective on stadium development: ‘Exciting benefit of exposure.’
Take a tranquil stroll down Sycamore Drive. It’s a quieter part of campus, hidden away from the usual hustle and bustle of USF. It’s home to an area colloquially known as “Religious Row,” a collection of on-campus religious organizations. In just a few years – with the construction of an on-campus football stadium – the […]
McKinley Drive closed down for death investigation, Tampa police say
The intersection between Fowler Avenue and McKinley Drive was closed due to a death investigation late Wednesday afternoon, according to the Tampa Police Department (TPD). A man shot himself after making a bomb threat in the parking lot of the Florida Department of Transportation (FDOT), located at 11201 McKinley Drive, according to TPD. Police said […]
USF 2024-25 A&S budget to increase student organization funding in Tampa and St. Pete
The Student Government (SG) Senate approved the 2024-25 Student Activities & Services (A&S) budget for all three campuses this Tuesday, seeing an overall increase in allocated money to student organizations. The vote was 26-0, approving the budget. Related: 2023-24 A&S budget down $5 million from last fiscal year Students pay fees in their tuition – […]