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General Business - Posted 2014-04-23 00:42:00 David Einhorn: "We Are Witnessing Our Second Tech Bubble in 15 Years" David Einhorn of Greenlight Capital is one of the most respected hedge fund managers in the world. Einhorn's opinion is so respected, in fact, that stocks have moved by as much as 20% in a single trading session based entirely on Einhorn's comments about the company. Earlier today, Greenlight Capital's Q1 letter to its investors was circulated throughout the media. Greenlight Capital revealed new positions in c...Full Story General Business - Posted 2014-04-21 21:29:00 Netflix To Raise Prices Netflix released their Q1 earnings after the closing bell earlier today. The streaming video company, which is responsible for hits such as "House of Cards" and "Orange is the New Blac...Full Story General Business - Posted 2014-04-18 23:55:00 Poll: The Best Long-Term Investment Is.. According to a recently released Gallup.com poll, Americans once again believe that real estate is the best long-term investment. Let's take a look at the results of a Gallup poll that...Full Story Posted March 26th, 2014 6:36 pm EST Mark Cuban Not Sweating His Lack of Involvement in Box IPO Earlier this week, Box filed for an initial public offering. The offering, which will seek to raise $250 million, will va... Full Story Posted February 4th, 2014 3:53 am EST Vince McMahon a Billionaire Once Again Vince McMahon is a billionaire once again. McMahon, who currently serves as the Chairman and CEO... Full Story Posted January 30th, 2014 5:24 am EST Parsing Obama's 2014 State of the Union Address A few days ago, President Barack Obama made his fifth State of the Union address to the nation. ... Full Story Posted April 6th, 2011 7:04 pm EST What is the Debt Ceiling? There is currently a fierce debate underway in the United States over the country's "debt ceiling". ... Full Story General Business - Posted 2014-04-15 22:40:00 Belgian US Debt Holdings Continue To Spike As of February 2014, the three largest foreign holders of US debt were China, Japan and - Belgium? According to numbers that were released by the Treasury Department earlier today, Belg...Full Story General Business - Posted 2014-04-13 21:09:00 Herbalife Back in Spotlight Following Rumored Government Probe The markets were having a typically sleepy spring afternoon on Friday when rumors of a possible FBI/Department of Justice criminal probe against Herbalife (a multi-level marketing company that sells n...Full Story General Business - Posted 2014-04-11 22:41:00 The Obamas Earned $481,098 in 2013 If you are interested in such things, President Obama published his 2013 federal income tax return on Whitehouse.gov earlier today. The Obamas, who jointly filed, reported total income...Full Story In The News In The News Debt Ceiling U.S. Debt Clock Will Obama Win? Super Pac Definition Deficit History Find us on Google+ General Business - Posted 2014-04-11 01:10:00 United States Posts Deficit of $37 Billion in March According to the "Monthly Treasury Statement of Receipts and Outlays of the United States Government" from the Bureau of Fiscal Service of the Department of the Treasury, the United States posted a de...Full Story General Business - Posted 2014-04-08 13:18:00 "Tax Freedom Day" To Fall on April 21st This Year According to the Tax Foundation, "Tax Freedom Day" will fall on April 21st this year, three days later into the year than in 2013. What is "Tax Freedom Day"? "Tax Freedo...Full Story General Business - Posted 2014-04-04 16:32:00 March Employment Report: 192,000 Jobs Added, Unemployment Rate Remains Unchanged The Bureau of Labor Statistics ("BLS") released the March 2014 employment report earlier today. Heading into today's report, the general consensus was that the US economy added a littl...Full Story General Business - Posted 2014-04-02 17:17:00 Retail Salespersons, Cashiers Top List of Most Common Jobs in the United States The Bureau of Labor Statistics ("BLS") released their "Occupational Employment and Wages" report for May/2013 earlier this week. According to the BLS, retail salespersons and cashiers ...Full Story General Business - Posted 2014-04-01 17:41:00 April: Typically One of the Strongest Months for the Stock Market Another day, another all-time high for a major North American market index, as the S+P 500 closed up 0.70% to finish at yet another all-time high. The DJIA is just 50 points behind an all-time high, w...Full Story General Business - Posted 2014-03-30 20:11:00 Revenues Rising: Cabrera, Trout To Receive $400 Million+ In Two New MLB Deals Spring has arrived, which means that Major League Baseball (MLB) is set to swing back into action. Normally I stick to writing about the stock market and economics in general on this s...Full Story General Business - Posted 2014-03-28 14:29:00 Poll: Just 26% of Americans Support "Obamacare" Earlier this week, President Obama revealed that 6 million people had signed up for "Obamacare", meeting a (lowered) projection by the Congressional Budget Office and Obama Administration. This comes ...Full Story Net Worth Daily Net Worth Changes Updated Weekdays at 7 pm EST Five Biggest Winners Mark Zuckerberg +$901,497,672 Elon Musk +$550,007,249 Warren Buffett +$433,300,000 Larry Ellison +$240,226,262 Sergey Brin +$152,274,000 Five Biggest Losers Jeff Bezos $-135,106,015 Vince McMahon $-5,163,943 Marissa Mayer $-607,836 Stephanie McMahon $-326,439 Net Worths Page General Business - Posted 2014-03-26 16:02:00 Internet Explodes After Facebook Announces Buy of Oculus VR Let's be straightforward - the only person that seems to like the purchase of Oculus VR (the maker of the Oculus Rift, which is a virtual reality headset) is Mark Zuckerberg himself. I...Full Story General Business - Posted 2014-03-25 17:46:00 Facebook Purchases Oculus VR For $2 Billion Facebook revealed after the closing bell today that they have purchased Oculus VR for around $2 billion. The deal reportedly includes $400 million in cash and $1.6 billion in shares of...Full Story General Business - Posted 2014-03-24 22:30:00 Bloomberg: Foreign Buyers Slowing Down Their Purchases of US Debt The bad news? Foreign purchases of US debt are noticeably slowing. The good news? US investors are stepping up and picking up the slack. According to Bloomberg.com, for...Full Story General Business - Posted 2014-03-23 14:21:00 Study: 1 in 10 Long-Term Unemployed Get Hired Every Year According to a new study led by Alan Krueger, just 10% of the long-term unemployed re-enter the work force each year. In the latest jobs report (February), the Bureau of Labor Statisti...Full Story General Business - Posted 2014-03-21 23:48:00 Berkshire's Billion Dollars is Safe Berkshire Hathaway's billion dollars is officially safe for another year. The Quicken Loans / Yahoo! Billion Dollar Bracket Challenge offered people the chance to win a billion dollars...Full Story General Business - Posted 2014-03-20 18:31:00 Federal Reserve Releases Results of Latest Bank Stress Tests Earlier today, the Federal Reserve released the results of their most recent round of bank "stress tests". Of the 30 banks that were included in the test, only one (Zions Bancorp) was ...Full Story General Business - Posted 2014-03-18 15:39:00 January State Unemployment Report: 43 States Post Unemployment Rate Decreases Earlier this week, the Bureau of Labor Statistics ("BLS) released the state unemployment numbers for the month of January. According to the BLS, a total of 43 states and the District o...Full Story General Business - Posted 2014-03-17 16:25:00 Russia: $138.6 Billion in Current US Debt Holdings The situation in the Ukraine continues to develop on a daily basis, with Russian President Vladimir Putin recently signing a decree that recognizes the independence and sovereignty of the Republic of ...Full Story General Business - Posted 2014-03-16 18:03:00 Ukraine, Fed Uncertainty Set To Weigh on Markets This Week There are two main factors that are set to weigh on the markets this week - the continuing situation in the Ukraine and the Fed meeting that is set to take place later this week. Crime...Full Story General Business - Posted 2014-03-14 01:45:00 Report: Record Number of Million Dollar US Households in 2013 According to a new report from the Spectrem Group (HT to CNN Money), a record number of US households had a total net worth of at least $1 million in 2013, even after excluding their primary residence...Full Story General Business - Posted 2014-03-12 17:25:00 United Kingdom Raises Its Minimum Wage The United Kingdom will be raising its minimum wage to £6.50/hour in October according to Business Secretary Vince Cable. The move comes after the Low Pay Commission recommended ...Full Story General Business - Posted 2014-03-11 01:10:00 Mark Zuckerberg's Net Worth Continues To Soar Into The Stratosphere Forbes recently published its list of the world's richest people, with Microsoft co-founder Bill Gates topping the list with a reported net worth of $76 billion. Forbes noted at the ti...Full Story General Business - Posted 2014-03-07 22:29:00 February Employment Report: Unemployment Rate Rises to 6.7% The "BLS" (Bureau of Labor Statistics) released their February Employment Situation summary earlier today. 175,000 non-farm payroll jobs were added in February while the national unemp...Full Story General Business - Posted 2014-03-05 23:11:00 Gallup: President Obama's Approval Rate Continues To Hover In The Low 40s According to Gallup.com, President Obama's national approval rating currently sits at 42%. During President Obama's successful re-election bid, his approval rating increased all the wa...Full Story General Business - Posted 2014-03-03 19:06:00 Forbes: Bill Gates Is Once Again World's Richest Billionaire After spending a couple of years in second place, Bill Gates is now the world's richest billionaire once again. Earlier today, Forbes published their list of the world's richest billio...Full Story General Business - Posted 2014-03-01 19:26:00 Warren Buffett: "America's Best Days Lie Ahead" Earlier today, Berkshire Hathaway released its Q4 and annual reports for 2013. Included in the annual report was Warren Buffett's letter to shareholders, which is a must-read document for anybody who ...Full Story General Business - Posted 2014-02-27 05:24:00 Bitcoin Proves Resilient in Face of Mt. Gox Closure Bitcoins have proven resilient in the face of one of the most tumultuous weeks of the crypto-currency's brief history. Earlier this week, Mt.Gox, formerly one of the world's largest Bi...Full Story General Business - Posted 2014-02-25 01:54:00 Bitcoin Exchange MtGox Goes Offline It seems as though MtGox, formerly the world’s largest Bitcoin exchange, has halted trading and gone offline. MtGox (which stands for Magic: The Gathering Online eXchange) was establis...Full Story General Business - Posted 2014-02-22 17:51:00 Whoops! WhatsApp Suffering Extended Outage Following Facebook Deal Both WhatsApp and Facebook have some serious egg on their faces today following an extended outage to the WhatsApp service. Earlier in the week, Facebook shocked practically everyone b...Full Story General Business - Posted 2014-02-20 02:59:00 Facebook Breaks The Bank in WhatsApp Buy "Shocker." "Unbelievable". "Mind-boggling". These were just some of the words that were used to describe Facebook's purchase of WhatsApp today. The deal, which was announced shortly after the close of trading...Full Story RECENT ARTICLES Gallup: Unemployment/Jobs The Most Pressing Issue for Americans Once Again Many Americans Continue To Turn Sour on Russia and Vladimir Putin Gallup: 29% of US Adults Under The Age of 35 Still Live With Their Parents "Clean" Debt Ceiling Bill Likely To Be Passed Netflix, Tesla Motors Continue To Roll 113,000 Jobs Added in January CBO: Federal Deficit To Drop to $514 Billion in 2014 Facebook Turns 10 Super Bowl XLVIII By The Numbers Facebook Surges After Reporting Q4 Earnings "Divided", "Troubled", "Deteriorating" - Americans Describe The State of the Nation HSBC Speaks Out on Cash Withdrawal Controversy Hillary Clinton Currently 2/1 To Win 2016 US Presidential Election Netflix: The Party's Not Over Quite Yet Average of 23,052,388 US Households Participated in Food Stamp Program Each Month in 2013 Super Bowl Frenzy: 30-Second Commercials Reportedly Going For $4 Million Hillary Clinton Surges In Hypothetical Presidential Battle Against Gov. Chris Christie Nestor Inc. Soars After Traders Confuse It For Nest Labs Gov. Chris Christie Under Siege in New Jersey National Unemployment Rate Fell To 6.7% in December Despite Big Nonfarm Payroll Miss US Consumer Spending Hits Five Year High Janet Yellen Expected to Be Confirmed as Chairwoman of the Federal Reserve This Week NFL (Barely) Sells Out This Weekend's Playoff Games Chinese Holdings of US Debt Up 11.51% in Past Year Time To Celebrate: Stocks Roared Higher in 2013 Warren Buffett's Big Year Don't Mess With The Google Santa Rally: Markets Higher on Mix of Good News Surprise! GDP Grew 4.1% in Q3 Bitcoin Down Over 50% From Highs Facebook To Join S+P 500 This Week Hedge Funds Set to Underperform Stocks This Year - Again Could 113th Congress Become Least Productive in Modern History? Federal Reserve: US Household Net Worth Hit New All-Time High in Q3 Bitcoin Stumbles Following Chinese Crackdown National Unemployment Rate Dropped to 7.0% in November Elon Musk Tops List of Highest Paid CEOs in 2013 Amazon Prime Air: Delivery Within Thirty Minutes - By Drone? CNN/ORC Poll: Chris Christie Early Frontrunner For 2016 Republican Presidential Nomination "Alt-Coins" Surging Thanks To Bitcoin's Amazing Run Nasdaq 4,000 Switzerland Votes Against Capping Executive Pay President Obama's Approval Rating Continues To Tumble Maria Bartiromo Leaving CNBC For Fox Warren Buffett on Stocks: "They're in a Zone of Reasonableness" Bitcoin Breaks $500 Berkshire Hathaway Acquires Large Stake in Exxon Mobil Gallup: Congressional Approval Rating Hits All-Time Low of 9% Labor Force Participation Rate Continues To Shrink Planned Stock Offerings From Fantex Take Hit After Injuries This Past Weekend Bitcoins Continue To Go Parabolic October Unemployment Numbers: 204,000 Jobs Added, Unemployment Rate Ticks Up to 7.3% Tesla Motors Drops 14.5% Following Q3 Earnings Release All Eyes on Twitter Can Healthcare.gov Be Fixed by End of November? President Obama's Approval Rating Hits All-Time Low No Taper Yet? Federal Reserve Expected To Continue Bond Buying For Foreseeable Future Jeff Bezos, Bill Gates Added To Their Fortunes on Friday Elon Musk, Reed Hastings Warn Investors About High Share Prices Foreign Holdings of US Debt Drop For Fifth Consecutive Month

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