WOM

03/10/2023

Just a year back, the world looked up to Sam Bankman-Fried as a major player in the financial realm, enjoying a lavish life in his $40 million Bahamian penthouse and heading a $32 billion cryptocurrency behemoth. But, fast forward to a recent Tuesday morning, and we find him in a Manhattan courtroom, now a fallen giant, facing charges for one of the most massive financial scams the U.S has ever seen...

https://www.onmars.global/blog/from-penthouse-to-courthouse-the-downfall-of-crypto-mogul-sam-bankman-fried

03/10/2023

The San Francisco 49ers are making waves in the football world, recently edging out the Kansas City Chiefs as the top pick for Super Bowl glory. Their fantastic 4-0 streak, marked by at least 30 points in every victory and conceding a mere 58 points in total, has turned heads. It's worth noting, only the Buffalo Bills have managed a tighter defense...

https://www.onmars.global/blog/the-49ers-remarkable-4-0-start-puts-them-in-super-bowl-favorite-position

03/10/2023

Sphere Entertainment, a media and entertainment heavyweight, saw its shares skyrocket by 11% on Monday. This significant spike was hot on the heels of a triumphant debut weekend for their brand-new Las Vegas venue...

https://www.onmars.global/blog/sphere-entertainment-s-vegas-debut-rocks-stocks-with-u2-performance

03/10/2023

In a recent twist, a New Jersey appellate court scrapped a whopping $223.8 million judgment against pharmaceutical giant Johnson & Johnson. The case centered around four individuals who believed that their cancer was a direct result of asbestos exposure from J&J's talc powder products...

https://www.onmars.global/blog/johnson-johnson-dodges-223-8m-bullet-new-jersey-appeals-court-overturns

02/10/2023

Has the "Swift Effect" become the NFL's new secret weapon for skyrocketing ticket sales? Taylor Swift's surprise visits to NFL games have set tongues wagging not just about a budding romance with star player Travis Kelce, but also about the unexpected boost in sports ticket demand...

https://www.onmars.global/blog/the-swift-effect-taylor-s-touchdown-impact-on-nfl-sales

02/10/2023

The renowned German footwear brand, Birkenstock, is strutting its way to the New York Stock Exchange, aiming for a dazzling $9.2 billion valuation for its upcoming IPO. This big move involves a sale of around 32.26 million shares, each with a price tag hovering between $44 and $49...

https://www.onmars.global/blog/birkenstock-strides-towards-a-9-2b-nyse-debut

02/10/2023

China's fervent demand for major commodities is not just breaking records, but also the predictions of financial bigwigs like Goldman Sachs. This booming desire for commodities such as copper, iron ore, and oil has surpassed expectations, with year-on-year growths of 8%, 7%, and 6% respectively...

https://www.onmars.global/blog/china-s-green-economy-drives-a-demand-surge-in-essential-transition-metals

02/10/2023

The push towards renewable energy is stronger than ever, with technologies like solar, hydropower, and biofuels leading the charge in our mission to abandon carbon-heavy methods. However, making the switch isn't merely about having the latest tech. It's also about big bucks, as noted by S&P Global’s Vice Chairman, Dan Yergin...

https://www.onmars.global/blog/renewable-energy-s-financial-hurdle-investors-rethink-esg-commitments

02/10/2023

Despite the turbulence FTX experienced, many of its customers aren't willing to give up on the world of cryptocurrency. A recent documentary showcased personal tales of those impacted by FTX's downfall, emphasizing unwavering faith in the industry...

https://www.onmars.global/blog/ftx-fallout-from-chaos-comes-conviction-in-crypto-s-potential

02/10/2023

The Big Apple saw quite the spectacle as former US President Donald Trump took the stage, not at a political rally, but at a New York City court to face allegations of civil fraud. This wasn't just about him – his eldest sons, a handful of Trump Organization executives, and their companies were also in the limelight, accused of indulging in fraudulent practices for years...

https://www.onmars.global/blog/trump-s-big-apple-legal-showdown-from-white-house-to-courthouse

01/10/2023

Once a dominant force in the gaming world, FaZe Clan, which began its journey on YouTube in 2010 with Call of Duty gameplay, is now facing a storm. Its impressive journey from a gamer group to an esports powerhouse and "digital-native lifestyle and media platform" has been commendable, but recent events have cast a shadow over its future...

https://www.onmars.global/blog/faze-clan-s-stock-market-rollercoaster-from-billion-dollar-valuations-to-a

01/10/2023

European stocks took an upward trajectory this Friday, painting a slightly brighter end to a rather gloomy month and an even darker quarter. The illustrious Stoxx 600, the barometer of Europe's stock health, nudged up by a modest 0.5%....

https://www.onmars.global/blog/european-stocks-rise-yet-mark-worst-quarter-in-a-year

01/10/2023

The end of a generous pandemic reprieve. For years, federal student loans took a backseat. But now, with the loan payment hiatus ending, Moran's monthly budget must accommodate a hefty $500 payment. The implications? Fewer dinner dates and football games for him and Amelia, his wife. More concerning, the ripple doesn't just affect leisurely outings. It might even mean longer work hours, leaving less family time...

https://www.onmars.global/blog/financial-ripple-pandemic-student-loan-pause-ends-economy-braces-for-impact

01/10/2023

After a heart-stopping nine months, Damar Hamlin is back in the NFL! While playing for the Buffalo Bills earlier this year, Damar experienced a cardiac arrest. As the world watched, he fell to the ground post-tackle during a match on 2 January. Miraculously, he was brought back to life right on the field...

https://www.onmars.global/blog/damar-hamlin-s-triumphant-return-from-near-death-to-nfl-stardom

01/10/2023

Over the weekend, a curious event transpired at Amazon. Numerous Amazon patrons reported receiving perplexing email notifications, seemingly confirming purchases of gift cards they hadn't ordered...

https://www.onmars.global/blog/amazon-s-email-conundrum-gift-cards-and-alarmed-customers

01/10/2023

A recent unsettling video clip reveals a group of unidentified individuals breaking into an Apple Store in Philadelphia, making a quick escape with electronic gadgets. Amid the city's recent spike in crime, the Philadelphia Police Department unveiled surveillance footage from the heart of the city, showcasing the audacious heist at the Apple location on Walnut Street...

https://www.onmars.global/blog/bold-heist-in-broad-daylight-philly-s-apple-store-targeted

01/10/2023

In a scene straight out of a movie, Northeast Philadelphia witnessed a bold robbery on the evening of September 26. A video captured by PC Richard & Son's surveillance system gives a stark portrayal of the events that transpired. Armed with hammers, a group ruthlessly shattered the store's glass doors, rushing in to grab what they could – including televisions...

https://www.onmars.global/blog/smash-and-grab-northeast-philadelphia-store-falls-victim-to-robbery

30/09/2023

China's factories have finally clocked in some good news after a dry spell of six months! An official survey that was released on Saturday highlights a positive shift in the country's industrial landscape. Specifically, the Purchasing Managers' Index (PMI) - which essentially takes the pulse of the manufacturing giants - notched up to 50.2 in September from its previous 49.7...

https://www.onmars.global/blog/china-s-economic-pulse-quickens-factory-activity-signals-a-positive-shift

30/09/2023

In a rather exciting development, Structure Therapeutics' shares skyrocketed over 30% this Friday. The reason? Their new experimental pill designed to tackle obesity demonstrated promising results in a preliminary trial...

https://www.onmars.global/blog/structure-s-stock-soars-with-groundbreaking-obesity-pill

30/09/2023

In a lively mood at the recent California GOP fall convention, Donald Trump took the opportunity to tease his potential 2024 presidential competition, Joe Biden. Emphasizing his commanding lead in a recent poll, Trump humorously addressed his legal challenges, dismissing them as mere political tactics. While the audience enjoyed his animated speech, many criticized Trump for his choice of language, deeming it inappropriate for someone vying for the presidency...

https://www.onmars.global/blog/trump-lights-up-california-gop-convention-with-zesty-remarks

29/09/2023

During a recent speech in Arizona, President Biden experienced an unexpected interruption. A passionate climate activist, named Kai Newkirk, made his presence felt by fervently urging the president to announce a national climate emergency. This action, if taken, would set forth a series of federal actions and funding dedicated to addressing this environmental urgency...

https://www.onmars.global/blog/president-biden-s-arizona-speech-climate-crisis-takes-center-stage

29/09/2023

The Internal Revenue Service (IRS) is taking a futuristic approach to keep wealthy tax evaders in check. They've unveiled a plan to employ the prowess of artificial intelligence (AI) to sniff out potential tax gimmicks, an initiative supported by the funds from the Inflation Reduction Act...

https://www.onmars.global/blog/irs-goes-high-tech-ai-joins-the-hunt-for-tax-evaders

29/09/2023

United Airlines' pilots have landed a sweet deal, clinching a new contract that boosts their compensation by up to 40.2% over the next four years. This development positions United as the final member of the top three U.S. airlines to settle negotiations during a period marked by an industry-wide pilot shortage...

https://www.onmars.global/blog/united-airlines-pilots-soar-with-a-hefty-40-pay-rise

29/09/2023

Rumor has it, this all revolves around a certain piece of real estate in an Alpine resort, purchased by Russian bigwig Nikolai Sarkisov. And here's the twist, this hefty purchase was aided with a loan from none other than Arnault himself...

https://www.onmars.global/blog/lvmh-s-arnault-and-a-luxurious-alpine-deal-all-glitz-or-grit

29/09/2023

After a year of formalities and Elon Musk's persistence, the green signal came this summer with the Los Angeles Department of Building and Safety granting the permit on July 18, 2023. Come August 9, the land was inspected and primed for the construction which, fingers crossed, will proceed without hitches...

https://www.onmars.global/blog/retro-fusion-tesla-s-drive-in-diner-and-supercharger-heads-to-hollywood

29/09/2023

New York City's skies opened up, pouring rain so fierce it prompted a state of emergency declaration. Not the gentle drizzle you feel on a quiet morning, but the kind that floods subways, streets, and even makes a terminal at LaGuardia Airport halt its operations...

https://www.onmars.global/blog/new-york-city-drenched-state-of-emergency-declared-amidst-torrential-downpour

28/09/2023

The recent quarterly update to the S&P 500 has ushered in some fresh faces, namely Blackstone, a heavyweight in the private equity realm. This change mirrors the stringent market capitalization standards set by the index, ensuring it remains in line with the interests of investors...

https://www.onmars.global/blog/blackstone-s-grand-entry-to-the-s-p-500-what-s-the-buzz

28/09/2023

So you thought Costco was just about bulk-buy paper towels and wholesale mac and cheese? Think again! The popular bulk-goods retail warehouse has added an unexpected item to their digital shelves: gold bars. That's right! It seems that your regular weekend shopping list can now include the 1-ounce gold PAMP Suisse Lady Fortuna Veriscan bars...

https://www.onmars.global/blog/golden-opportunity-costco-cashes-in-on-bullion-buzz

28/09/2023

Oil prices soared to a high not seen since last year, following a significant drop in crude stock at a central storage point in Cushing, Oklahoma. Data revealed that these inventories dwindled by almost a million barrels in just a week...

https://www.onmars.global/blog/crude-awakening-oil-prices-skyrocket-amid-inventory-shortfall

28/09/2023

Epic Games dropped a bombshell announcement this Thursday, revealing plans to let go of a sizable 16% chunk of its staff. The gaming giant, known for its epic adventures in Fortnite, isn't just stopping there. It's parting ways with Bandcamp, the music platform it only recently brought into its fold, handing it over to Songtradr, a music-licensing mogul...

https://www.onmars.global/blog/epic-games-strategic-shuffle-layoffs-bandcamp-sale-and-superawesome-spin-off

28/09/2023

Saudi Arabia's premier soccer league is setting its sights high, looking to muscle into the big leagues of global football broadcasting. This isn't a mere whim; a cool $1 billion has already been splurged on big-name transfers this summer, making it the talk of the sports world....

https://www.onmars.global/blog/saudi-s-soccer-surge-billion-dollar-bets-and-global-goals

28/09/2023

27/09/2023

President Joe Biden joined United Auto Workers (UAW) on their strike in Michigan, becoming the first sitting president to stand shoulder-to-shoulder with picketing workers. At a warehouse located to the west of Detroit, where the strike had been ongoing for 12 days, Biden enthusiastically declared their need for a significant pay hike...

https://www.onmars.global/blog/biden-breaks-precedent-stands-with-strikers-in-michigan

27/09/2023

In a recent twist of events, Binance, the globe's most colossal cryptocurrency exchange, announced its plans to part ways with its Russian operations. They've handed the baton to the newcomer in the crypto arena, CommEX...

https://www.onmars.global/blog/binance-bids-adieu-to-russia-welcomes-commex-to-the-fold

27/09/2023

By the close of 2023, combined sales for medical and recreational ma*****na across the U.S. are projected to skyrocket to an impressive $33.6 billion. And while the Senate's recent vote was historic, this isn't the first time such a bill has been tabled...

https://www.onmars.global/blog/senate-lights-up-the-path-for-ma*****na-banking-access

27/09/2023

Indonesia is tightening its grip on e-commerce conducted through social media. The Ministry of Trade announced a move towards stricter regulations, emphasizing that social media should be used for promotions, not direct transactions. This means you can't grab your favorite sneakers off a TikTok ad or purchase a cute necklace you saw on Facebook – at least if you're in Indonesia...

https://www.onmars.global/blog/indonesia-sets-the-stage-no-buying-or-selling-on-social-media

27/09/2023

The booming Latino economy in the U.S. has become the talk of the financial town, with a staggering growth to $3.2 trillion in 2021 from $2.8 trillion the previous year. This exhilarating rise, brought to light by the Latino Donor Collaborative's recent report in collaboration with Wells Fargo, showcases an economic rate two and a half times faster than its non-Latino counterpart over the past decade...

https://www.onmars.global/blog/u-s-latino-economy-outpacing-giants-and-breaking-records

26/09/2023

Colombian superstar Shakira finds herself in the eye of a tax storm. Spanish authorities have accused the "Hips Don't Lie" singer of dodging a whopping €6.7 million ($7.1 million) in taxes for her 2018 earnings. The crux of the accusation? Shakira allegedly sought refuge in an offshore tax haven company, neatly bypassing the Spanish taxman...

https://www.onmars.global/blog/shakira-in-spain-s-financial-spotlight-tax-tangles-continue

26/09/2023

Amazon, the e-commerce giant that grew from a mere online bookstore to a colossus of retail, is in hot water. The Federal Trade Commission (FTC), with the backing of attorneys general from 17 states, launched an antitrust lawsuit against the company. Their accusation? That Amazon uses its substantial clout to inflate prices, reduce the quality of the shopping experience, and sideline potential competitors....

https://www.onmars.global/blog/amazon-in-the-antitrust-spotlight-the-power-play-underlying-the-e-commerce

26/09/2023

It seems there's a financial hiccup specifically targeting the women in the U.S. workforce. Ladies, when it comes to those pesky out-of-pocket health expenses, you're shouldering an additional $15.4 billion annually compared to the gents. This revelation springs from Deloitte Consulting's deep dive into employer-sponsored health plans...

https://www.onmars.global/blog/the-15-4-billion-question-why-are-women-s-healthcare-costs-higher