Current Events This Week

International

  • U.S. Secretary of State Rex Tillerson, pressed for harsher diplomatic and economic measures on North Korea at a recent United Nations Security Council meeting, in order to confront nuclear threats from Kim Jong Un’s regime.
  • The U.K. economy took a hit in the first quarter as consumers cut back spending, a warning sign of slowed growth in the future.

Markets                

  • The S&P 500 is within half a percentage point of all time highs and is on track to end the week up 1.6%.
  • U.S. stocks are on pace to end the month higher as investors chose to focus on strong corporate earnings as opposed to weaker economic data.

Tech

  • Didi Chuxing, China’s version of Uber, has raised $5.5 billion in efforts to expand to more international locations as well as develop its AI capabilities.
  • Amazon recently announced a new addition to its family of Echo products: Echo Look. The style assistant camera can judge outfits based on machine learning algorithms supported by data from fashion specialists. The product retails for $200.

Cornell Related

  • After being on suspension since September, Cornell permanently suspended the all-male acapella group Cayuga's Waiters for hazing.
  • Plans by company Distributed Sun to build two Solar arrays in Dryden has caused heated debate among the surrounding residents.  

Politics

  • Congress narrowly passed a bill that gave them one more week to keep the government open; by May 5th, they must try again to pass a spending bill for the fiscal year in order to avoid a government shutdown.   
  • Donald Trump agreed not to terminate NAFTA and reconsider the deal after President of Mexico Enrique Peña Nieto and Canadian Prime Minister Justin Trudeau urged him to re-negotiate rather than terminate the bill.