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General Business - Posted 2014-07-27 06:42:00 Will Bill Ackman Ever Capitulate on Herbalife? The Herbalife story has been one of the most interesting sagas of the past couple of years in the stock market. On one side are short sellers (led by Bill Ackman and Pershing Square Capital) who believe that the company is "fraudulent", a "pyramid scheme" and a "criminal enterprise". On the other side are big (Carl Icahn and formerly Daniel Loeb/Third Point LLC) and small investors who b...Full Story General Business - Posted 2014-07-25 17:25:00 SEC Lifts Trading Halt on Cynk Technology, Shares Crater 85% Shares of Cynk Technology Corp. (CYNK on the Pink Sheets) re-opened for trading on Friday following a two week halt by the SEC (Securities and Exchange Commission). The shares predicta...Full Story General Business - Posted 2014-07-24 21:01:00 Mark Zuckerberg Adds Another $1.56 Billion To His Net Worth Shares of Facebook hit an all-time high on Thursday after a Q2 earnings report that was warmly received by investors. Remember when the company had a mobile advertising problem? That p...Full Story Posted June 19th, 2014 10:07 pm EST Las Vegas: Democrats Currently The Favorites To Win in 2016 According to Las Vegas, the Democrats are currently the favorites to win the 2016 US Presidential election. Here are the ... Full Story Posted May 25th, 2014 5:19 pm EST Los Angeles Clippers Likely To Fetch $1 Billion+ in Sale The NBA is going to force a sale of the Los Angeles Clippers due to recent remarks by the team's dis... 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 ra... 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 2014-07-23 17:27:00 Puma Biotechnology Illustrates The Dangers of Holding Biotech Short Positions Overnight Holding biotech companies in your portfolio, either long or short, is a high risk/high reward game. If you are holding a biotech position long, you run the risk of the company falling ...Full Story General Business - Posted 2014-07-21 21:52:00 Tuesday Promises To Be An Interesting Day For Herbalife Shareholders Whether you are a shareholder of Herbalife or just an interested observer, Tuesday promises to be an interesting day for the company. Bill Ackman, head of Pershing Square Capital Manag...Full Story General Business - Posted 2014-07-20 03:00:00 Will Google Be The First Trillion Dollar Company? It's a question that people have been asking themselves for decades now - which will be the first publicly traded company to command a trillion dollar valuation? Back in the late '90s d...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 2014-07-16 16:47:00 Gallup: 17% of Americans Believe Immigration is Nation's Biggest Issue According to Gallup.com, 17% of Americans now believe that immigration is the country's most important problem. This is up precipitously from 5% in June and 3% in January. The issues o...Full Story General Business - Posted 2014-07-13 22:43:00 SEC Suspends Trading in Cynk Technology On Friday morning, the Securities and Exchange Commission (SEC) halted trading in shares of Cynk Technology (symbol CYNK). The SEC said that they were suspending trading in CYNK "because of concerns r...Full Story General Business - Posted 2014-07-11 17:01:00 The Financial Impact of Lebron James Signing With the Cleveland Cavaliers The sports world, for the second time in four years, was put on hold over the past 11 days as Lebron James decided where he would next "take his talents". Lebron James, along with Chri...Full Story General Business - Posted 2014-07-09 23:49:00 Shares of Cynk Technology Keep Going.. and Going Cynk Technology Corporation (CYNK) is making a mockery of the stock market, if that is even possible. On June 16th, 2014, shares of Cynk Technology Corporation closed at just 6 cents p...Full Story General Business - Posted 2014-07-09 03:54:00 How An Embarrassing Soccer Loss Could Change Brazil's Future In case you have been living under a rock (or really, really don't like soccer), Germany throttled Brazil 7-1 in the semi-finals of the World Cup on Tuesday. Losing 7-1 in the World Cu...Full Story General Business - Posted 2014-07-07 18:53:00 Report: Gun Sales Down 7.6% In First Half of Year According to a new report from research firm CRT Research, gun sales in the United States were down 7.6% in the first half of 2014 compared to the same time period in 2013. The reason ...Full Story General Business - Posted 2014-07-05 03:11:00 Report: "Millennials" Make Up 40% of Unemployed in United States Despite the fact that the national unemployment rate in the United States is falling, the employment situation continues to remain dire for younger adults in the country. According to ...Full Story Net Worth Daily Net Worth Changes Updated Weekdays at 7 pm EST Five Biggest Winners Mark Zuckerberg +$88,820,357 Steve Ballmer +$33,325,299 Bill Gates +$31,799,116 Paul Allen +$10,000,000 Elon Musk +$9,620,386 Five Biggest Losers Jeff Bezos $-2,904,953,997 Warren Buffett $-425,621,875 Larry Ellison $-160,150,841 Sergey Brin $-100,211,849 Micky Arison $-91,894,745 Recent Updates LeBron James, July 11th, 2014 - James announced his intention to sign with the Cleveland Cavaliers. Micky Arison, July 11th, 2014 - Lebron James decided to leave the Miami Heat, which will result in a diminished value for the club. Jeff Bezos, 2014-05-15 - Donated 4,124 shares of Amazon to a non-profit organization Elon Musk, 2014-05-09 - Received 15,213 Shares of Solarcity (SCTY) as part of pro-rata distribution from Draper Fisher Jurvetson Fund X, LP (103 shares) and Valor Equity Partners II LP (15,110 shares) Mark Zuckerberg, 2014-05-08 - Converted 3,999,000 shares of Class B shares of Facebook to Class A shares Sergey Brin, 2014-05-06 - Sold 83,334 Class A Google shares and 77,570 Class C shares of Google Bill Gates, 2014-05-06 - Sold 4.65 million shares of Microsoft (MSFT) Bill Gates, 2014-05-02 - Sold 4.03 million shares of Microsoft (MSFT) Reed Hastings, 2014-05-01 - Gifted 10,000 shares of Netflix from Hastings-Quillin Family Trust Bill Gates, 2014-05-01 - Sold 3.47 million shares of Microsoft (MSFT) Net Worths Page General Business - Posted 2014-07-01 19:24:00 Over $3 Million in Donations Made To Pay Down US Debt Through First Seven Months of 2014 Fiscal Year The Bureau of the Public Debt accepts donations from the general public to help pay down the US debt. The Bureau of Public Debt accepts "gifts" of the following types: -...Full Story General Business - Posted 2014-06-29 22:31:00 President Obama's Approval Rating Continues To Hover In Low 40s It's safe to say that President Obama's second term hasn't gone very well for him. It seems as though there is a new scandal every couple of weeks, plus President Obama seems to be getting attacked fr...Full Story General Business - Posted 2014-06-25 15:43:00 Real GDP Decreased 2.9% in Q1/2014 The Bureau of Economic Analysis of the US Department of Commerce released some shocking news earlier this morning - real gross domestic product decreased by a startling 2.9% in the first quarter of 20...Full Story General Business - Posted 2014-06-22 21:49:00 Dow 17,000 Likely Coming This Week Another milestone for the DJIA (Dow Jones Industrial Average) is likely coming this week - 17,000. The DJIA closed at 16,947.08 on Friday afternoon, setting yet another all-time high. ...Full Story General Business - Posted 2014-06-21 17:59:00 AAA: Don't Expect Gas Prices To Drop Anytime Soon Will gasoline prices start to taper off as the summer stretches on, as has happened in most previous summers? According to AAA, don't count on it. The average cost of a ...Full Story General Business - Posted 2014-06-19 19:31:00 Romney Redux? Mitt Leads New Hampshire GOP Primary Poll Would 2012 Republican Presidential candidate Mitt Romney run for President again? Romney has been fairly resolute in his stance that he is not interested in running for President again,...Full Story General Business - Posted 2014-06-17 00:02:00 IMF Cuts US Growth Outlook For 2014 Earlier this week, the IMF (International Monetary Fund) cut their expectations for US economic growth in 2014 from 2.8% to 2.0%. The cuts were of little surprise thanks to the economy...Full Story General Business - Posted 2014-06-15 04:30:00 Report: 71% of Americans Support Minimum Wage Increase According to a recent CNN/ORC poll dubbed "The American Dream Poll", a full 71% of all Americans would support raising the federal minimum wage. The minimum wage has become a hot button...Full Story General Business - Posted 2014-06-11 17:17:00 US Posts $130 Billion Deficit in May The federal government posted a $130 billion deficit in May, down slightly from the $138.7 billion deficit that was posted in May of 2013. Through the first eight months of the current...Full Story General Business - Posted 2014-06-09 17:57:00 Report: Global Millionaire Population Soared in 2013 According to a new report from the Boston Consulting Group, the world's millionaire population grew dramatically last year. As many lower and middle class families continue to struggle...Full Story General Business - Posted 2014-06-06 18:26:00 May Employment Report: 6.3% Unemployment Rate, 217,000 Jobs Added The May employment report was released by the Bureau of Labor Statistics ("BLS") earlier today. The numbers came in more or less as expected in May, as the economy added 217,000 nonfar...Full Story General Business - Posted 2014-06-05 02:09:00 Economists Expecting 6.4% Unemployment Rate For May The Bureau of Labor Statistics ("BLS) will be releasing the May jobs report this Friday at 8:30 am EST. After a fairly nutty month in which the national unemployment rate dropped 0.4% ...Full Story General Business - Posted 2014-06-02 22:10:00 Five Years Since The End of the "Great Recession" According to the National Bureau of Economic Research, the "Great Recession" officially ended in June of 2009. The "Great Recession", which lasted from December of 2007 to June of 2009...Full Story General Business - Posted 2014-05-31 01:54:00 NY Times: FBI Investigating Carl Icahn, Phil Mickelson For Possible Insider Trading Violations According to the New York Times (link below), federal investigators are currently investigating whether Carl Icahn, golfer Phil Mickelson and legendary sports bettor William "Billy" Walters may have v...Full Story General Business - Posted 2014-05-28 21:32:00 Apple Agrees To Its Largest Ever Purchase As It Buys Beats Electronics, LLC For $3 Billion Apple Inc. has agreed to purchase Beats Electronics, LLC for a reported $3 billion. The purchase price reportedly includes $2.6 billion now and an additional $400 million that will vest over time. Full Story General Business - Posted 2014-05-25 16:04:00 Gallup: Half of Americans Think That They Will Be Able to Retire Comfortably According to a recent Gallup.com poll, 50% of nonretired American adults believe that they will be able to live comfortably in retirement. This number is notable as it marks the first ...Full Story General Business - Posted 2014-05-22 15:11:00 Gasoline Prices: 1,247 Days Over $3/Gallon and Counting 1,247 days and counting. According to multiple media reports released over the past couple of days, the average price for a regular gallon of gasoline in the United States has remained...Full Story General Business - Posted 2014-05-20 18:27:00 A Look at Vice President Biden's Personal Financial Disclosure For 2013 The White House released the personal financial disclosures for both President Obama and Vice President Biden earlier this week. One of the things that has always stood out about Joe B...Full Story General Business - Posted 2014-05-18 16:33:00 President Obama Files Financial Disclosure for 2013 President Barack Obama and Vice President Joe Biden filed their personal financial disclosure last week. These disclosures give a glimpse into the state of the President and Vice President's finances ...Full Story General Business - Posted 2014-05-16 14:55:00 Shares of World Wrestling Entertainment, Inc. Plummet Following TV Deal, Release of WWE Network Numbers Shares of WWE (World Wrestling Entertainment, Inc.) are getting destroyed today (no, I'm not going to use "slammed" or "bodyslammed", as that has been done to death by the media today) after the company signed a new TV deal and released som...Full Story RECENT ARTICLES Belgium's Holdings of US Debt Continue To Soar, Russia Still Selling Student Loan Debt Hits All-Time High of $1.11 Trillion United States Posts $106.85 Billion Surplus in April Japanese Debt Hits All-Time High Mitt Romney Supports Minimum Wage Increase IRS Chief: Fewer Audits To Be Conducted This Year Due To Budget Cuts Federal Reserve Bank of San Francisco: College Still a Good Investment Labor Force Participation Rate Hits 36 Year Low January 8th, 1835 Intragovernmental Holdings: $5 Trillion and Counting Donald Sterling Situation Throws NBA Into Turmoil Apple To Enact 7:1 Stock Split David Einhorn: "We Are Witnessing Our Second Tech Bubble in 15 Years" Netflix To Raise Prices Poll: The Best Long-Term Investment Is.. Belgian US Debt Holdings Continue To Spike Herbalife Back in Spotlight Following Rumored Government Probe The Obamas Earned $481,098 in 2013 United States Posts Deficit of $37 Billion in March "Tax Freedom Day" To Fall on April 21st This Year March Employment Report: 192,000 Jobs Added, Unemployment Rate Remains Unchanged Retail Salespersons, Cashiers Top List of Most Common Jobs in the United States April: Typically One of the Strongest Months for the Stock Market Revenues Rising: Cabrera, Trout To Receive $400 Million+ In Two New MLB Deals Poll: Just 26% of Americans Support "Obamacare" Internet Explodes After Facebook Announces Buy of Oculus VR Facebook Purchases Oculus VR For $2 Billion Bloomberg: Foreign Buyers Slowing Down Their Purchases of US Debt Study: 1 in 10 Long-Term Unemployed Get Hired Every Year Berkshire's Billion Dollars is Safe Federal Reserve Releases Results of Latest Bank Stress Tests January State Unemployment Report: 43 States Post Unemployment Rate Decreases Russia: $138.6 Billion in Current US Debt Holdings Ukraine, Fed Uncertainty Set To Weigh on Markets This Week Report: Record Number of Million Dollar US Households in 2013 United Kingdom Raises Its Minimum Wage Mark Zuckerberg's Net Worth Continues To Soar Into The Stratosphere February Employment Report: Unemployment Rate Rises to 6.7% Gallup: President Obama's Approval Rate Continues To Hover In The Low 40s Forbes: Bill Gates Is Once Again World's Richest Billionaire Warren Buffett: "America's Best Days Lie Ahead" Bitcoin Proves Resilient in Face of Mt. Gox Closure Bitcoin Exchange MtGox Goes Offline Whoops! WhatsApp Suffering Extended Outage Following Facebook Deal Facebook Breaks The Bank in WhatsApp Buy 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

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