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General Business - Posted 2015-01-27 02:47:00 CBO: US Deficit Expected To Be $468 Billion in 2015 The CBO ("Congressional Budget Office") released a report titled "The Budget and Economic Outlook: 2015 to 2025" earlier today. According to the CBO, the United States is expected to post a deficit of $468 billion in the 2015 fiscal year, down slightly from the $483 billion deficit that was posted last year. According to the CBO, a stronger economy will keep deficits at a relatively stable level (between $465 b...Full Story General Business - Posted 2015-01-24 18:07:00 Analysts Chop Expectations For Euro; Some See Parity With US Dollar in Near Future With the Euro hitting 11 year lows against the US dollar this past week, many analysts and investors are falling over themselves to lower their targets for the single currency. Earlier...Full Story General Business - Posted 2015-01-22 20:42:00 European Central Bank Unveils Details of Quantitative Easing Program The European Central Bank (ECB) revealed earlier today the details of their 60 billion EUR/month quantitative easing (QE) program. The program, which "is designed to fulfil the price s...Full Story Posted November 18th, 2014 8:28 pm EST Institutional Funds Flock To Alibaba Alibaba Group Holding Limited (BABA on the NYSE), the Chinese e-commerce giant, has been on fire since going public in mid-Se... 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 el... 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 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 2015-01-20 04:52:00 Report: Support for Mitt Romney, Jeb Bush Drops According to a recently released NBC News/Wall Street Journal poll, support for both Jeb Bush and Mitt Romney has dropped since the two men revealed their Presidential ambitions earlier this month. Full Story General Business - Posted 2015-01-16 18:10:00 Explosive Move in Swiss Franc Causes Havoc and Steep Losses The story of the week was the Swiss National Bank's decision to halt its program of limiting the Swiss franc's rise compared to other currencies, especially the Euro. Maintaining this ...Full Story General Business - Posted 2015-01-13 20:27:00 US Energy Information Administration: US Households To Save $750 on Gasoline This Year According to the EIA (US Energy Information Administration), US households are projected to save $750 on their gasoline bills in 2015. Oil prices have been plummeting since November of...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 2015-01-13 04:29:00 Report: Congress Finished 2013 With A Median Net Worth of $1.03 Million Let me tell you something that you already know - most members of the US Congress are rich. According to a new report that was released earlier today (link below), the median net worth...Full Story General Business - Posted 2015-01-09 18:26:00 December Employment Report: 252,000 Jobs Added, Unemployment Rate Falls to 5.6% Heading into today's December jobs report, expectations were for 240,000 new jobs to be added and for the unemployment rate in the nation to drop to 5.7%. The major brokerage houses' expectations for ...Full Story General Business - Posted 2015-01-07 21:31:00 WSJ: Only 38% of Americans Would Have Enough Savings To Pay For Unexpected Bill According to a WSJ article that was released earlier today titled "Most Americans Don't Have Savings To Pay Unexpected Bill", just 38% of Americans would have enough money in savings to cover an unexp...Full Story General Business - Posted 2015-01-04 20:48:00 Hillary Clinton Out in Front of Practically Every 2016 Presidential Election Poll The Republicans have the House and the Senate but can they also win back the White House in 2016? While Hillary Clinton has not formally announced her intention to run in 2016 as of yet...Full Story General Business - Posted 2015-01-02 18:45:00 US Debt Load Increased By $790 Billion in 2014 The US economy finally seemed to turn a corner in the second half of 2014 and the major market indexes turned in another positive year. That's the good news. The bad ne...Full Story General Business - Posted 2015-01-01 18:58:00 Pop The Champagne: Stocks Up Again in 2014 Despite some weakness at the end of the year, the three major US market indexes all ended 2014 in the green. Here is how things ended up turning out for the DJIA, NASDAQ and S+P 500 in...Full Story General Business - Posted 2014-12-30 17:37:00 President Obama's Approval Rating At Highest Level Since Summer of 2013 It will likely be a bit more of an upbeat New Year's Eve in the White House this year after Gallup revealed that President Obama's approval rating has hit its highest level since August of 2013. Full Story Net Worth Daily Net Worth Changes Updated Weekdays at 7 pm EST Five Biggest Winners Warren Buffett +$993,300,000 Mark Zuckerberg +$743,165,016 Jeff Bezos +$660,751,097 Steve Ballmer +$273,267,452 Bill Gates +$260,752,754 Five Biggest Losers Sergey Brin $-92,282,846 Micky Arison $-48,548,167 Marissa Mayer $-7,421,081 Les Moonves $-3,078,000 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. Mark Cuban, January 22nd, 2015 - Dallas Mavericks valued at $1.15 billion by Forbes Tim Cook, January 22nd, 2015 - Disposed of 875,000 shares of Apple (456,575 were withheld by Apple to satisfy tax withholding requirements) Bud Selig, January 22nd, 2015 - Given title of Commissioner Emeritus Elon Musk, 2015-01-20 - SpaceX sold a 10% stake in their company to Google and Fidelity Investments for $1 billion. 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 Net Worths Page General Business - Posted 2014-12-27 18:06:00 Everything is Good: Mastercard Reports That US Holiday Retail Spending Was Up 5.5% With the major US market indexes at all-time highs and the US economy having just turned in the strongest quarter of annualized growth in over a decade, many Americans are feeling that their fortunes ...Full Story General Business - Posted 2014-12-23 18:07:00 DJIA Closes Above 18,000 For The First Time The Dow Jones Industrial Average (DJIA) delivered an early Christmas present to investors earlier today after the index closed above 18,000 for the very first time. The index, which cl...Full Story General Business - Posted 2014-12-21 16:51:00 Gasoline Prices Down More Than $1.25/Gallon Since May Good news for anybody that is planning on doing a considerable amount of driving over the near future - gasoline prices in the United States are now the lowest that they have been since May of 2009. <...Full Story General Business - Posted 2014-12-19 19:58:00 President Obama on Sony: "They Made a Mistake" Earlier today, President Obama said in a White House press conference that Sony had "made a mistake" by cancelling the planned Christmas Day release of "The Interview". While Obama said that he was "s...Full Story General Business - Posted 2014-12-16 21:39:00 Russia in Turmoil As Oil Continues To Drop in Price Earlier this week, Russia's central bank elected to hike their interest rate to 17% in order to attempt to slow and eventually reverse the stunning drop of the ruble. This was the latest chapter in a ...Full Story General Business - Posted 2014-12-14 15:55:00 United Arab Emirates: OPEC Output Likely To Remain Unchanged Even If Oil Continues To Drop According to the United Arab Emirates' energy minister Suhail Al-Mazrouei, OPEC is unlikely to consider a production cut even if oil drops to $40/barrel in the short-term. Despite the ...Full Story General Business - Posted 2014-12-11 02:46:00 The Great Oil Crash of 2014 Continues Oil continued to plummet earlier today as the "Great Oil Crash of 2014" continues unabated. The price of a barrel of crude oil (Brent, January 15 contract) now trades at $64.66 after su...Full Story General Business - Posted 2014-12-07 19:10:00 November Employment Report: 321k Jobs Added, Unemployment Rate Remains Stable at 5.8% The Bureau of Labor Statistics ("BLS") released the employment report for the month of November on Friday morning. The BLS revealed that the US economy added 321,000 non farm payroll j...Full Story General Business - Posted 2014-12-05 04:17:00 $2.7 Trillion Owed To Social Security - And Counting Here is a fact that many people aren't aware of - the US government borrows money from programs such as Social Security to fund its operations. Let's say that Social Security takes in ...Full Story General Business - Posted 2014-12-02 15:59:00 United States Debt Clock Passes $18 Trillion For The First Time Another "landmark" was achieved earlier this week after the United States debt clock officially moved past the $18 trillion (that's trillion with a T) for the very first time. As of th...Full Story General Business - Posted 2014-12-01 17:32:00 Report: Black Friday Weekend Spending Down 11% According to the National Retail Federation, consumer spending on "Black Friday weekend" (Friday to Sunday of the Thanksgiving weekend) was down a staggering 11% from last year. The NRF estimates that...Full Story General Business - Posted 2014-11-29 17:24:00 Oil Prices Continue To Plunge As OPEC Squares Off Against Shale-Oil Producers Oil prices continued their freefall on Friday after OPEC revealed that they would not be cutting their 30 million barrels per day of production. This announcement came as a surprise to many, as oil pr...Full Story General Business - Posted 2014-11-27 23:48:00 Chinese Holdings of US Debt Down 2% From Year Ago Two things have been fairly constant over the past 15 years or so - the United States has spent far more than it has brought in and China has had a voracious appetite for US debt. Over...Full Story General Business - Posted 2014-11-26 01:38:00 Average NHL Franchise Value Up $300 Million+ Over Past Decade Forbes released their list of the most valuable franchises in the NHL earlier today. The Toronto Maple Leafs currently lead the pack with a franchise value of $1.3 billion. This 10-fig...Full Story General Business - Posted 2014-11-23 05:31:00 Google: Pay Us And You Won't See As Many Advertisements Google, the ubiquitous search engine/software/self-driving car/robotics/home analytics/etc company that has a stranglehold on the online search market, is reportedly testing out a new service called "...Full Story General Business - Posted 2014-11-20 22:49:00 President Obama Reveals Sweeping Overhaul of Immigration System In a controversial move that has brought howls of outrage from the Republicans, President Obama revealed details of his sweeping immigration reform during a televised speech to the nation earlier toni...Full Story General Business - Posted 2014-11-17 21:21:00 A Look at Bill Ackman's Portfolio As Of September 30th, 2014 Bill Ackman of the Pershing Square Capital Management hedge fund has certainly had an interesting couple of years. There has been his very public campaign against Herbalife. There have...Full Story General Business - Posted 2014-11-17 05:19:00 Gallup: Democratic Party's Favorability Rating Falls To All-Time Low Just days after losing control of the Senate to the Republicans, the Democratic party is having a bit more dirt kicked on them, courtesy of new poll results from Gallup.com. According ...Full Story General Business - Posted 2014-11-14 05:11:00 Microsoft Replaces Exxon Mobil As World's Second Most Valuable Company Thanks to a dramatic drop in oil prices, Exxon Mobil has now slipped to #3 on the list of the world's most valuable companies. Taking over the #2 position is Microsoft, which now has a...Full Story General Business - Posted 2014-11-11 19:27:00 State Unemployment: Georgia Leads Way With Unemployment Rate of 7.9% The list of the states with the highest unemployment states has changed dramatically over the past year or two. After the economic meltdown and subsequent deflation of the US economy, states such as Nevada and California led...Full Story RECENT ARTICLES NFL: Business Continues To Grow Despite Scandals Report: 30 Second Super Bowl Ads To Cost $4.5 Million America Heads To The Polls on Tuesday Washington Post "Election Lab": Republicans Have 95% Chance of Winning a Senate Majority Hiccup? Facebook Falls 8% After Releasing Q3 Earnings Report Gallup: Ebola Now a Top 10 Issue For Americans CBO: Net Interest Payments on Federal Debt Expected To Hit $800 Billion By 2024 US Debt Load Approaching $18 Trillion Netflix Set To Lose Billions in Market Cap Following Q3 Earnings Report Release Iowa Poll: Romney Only Republican Who Would Beat Hillary Clinton Dow Jones Turns Negative For 2014 After Volatile Week NBA, Players Looking At Likely CBA Standoff Thanks To New TV Deal, Team Valuations GT Advanced Technologies: $1.5 Billion Company on Friday, Bankrupt Today Marissa Mayer Under Fire at Yahoo! Unemployment Rate Declines To 5.9% in September SEC Charges Two Men With Insider Trading on Pershing Square's Announcement of Bearish View on Herbalife Surprise! ATM, Overdraft Fees Continue To Surge Apple Suffering Through Embarrassing iPhone 6 Launch Is Carl Icahn Liquidating His Stake in Herbalife? Reuters: 23.9% of Americans Want Their States To Secede From The Union Larry Ellison Steps Down as CEO of Oracle CEO, COO and Cash Disappear From Publicly Traded German Company Capital Flees United Kingdom Ahead of Scottish Independence Vote NFL Commissioner at Risk of Losing Job Over Ray Rice Situation All Eyes on Apple on Tuesday The Labor Force Participation Rate Continues To Evaporate August Unemployment Report: +142,000 Nonfarm Payroll Employment, Unemployment Rate 6.1% President Obama's Approval Numbers Continue To Deteriorate Gallup: 50% of Full-Time US Workers Work More Than 40 Hours Per Week Want To Renounce Your US Citizenship? It'll Now Cost You More Warren Buffett Under Fire For Berkshire Hathaway's Role in Burger King/Tim Hortons Deal Burger King and Tim Hortons Talking Deal The Great Presidential Vacation Debate Steve Ballmer Looking To Resurrect His Image as New Owner of Los Angeles Clippers Gallup: 52% of Americans Believe That Now is a Good Time To Invest in Financial Markets Berkshire Hathaway Tops $200,000/Share For The First Time Maker of "Candy Crush Saga" Crushed After Q2 Earnings Report SEC Nabs Four For Manipulation of Medical Marijuana Stocks Would You Pay a "Minimum Wage Fee" On Your Restaurant Bill? Bull Market Rages On, But It's Still Nothing Like 1999 Berkshire Hathaway's Cash Pile Tops $55 Billion Japan Continues To Inch Closer To Becoming USA's Largest Foreign Creditor Once Again Twitter Surges Following Release of Q2 Earnings Report Will Bill Ackman Ever Capitulate on Herbalife? SEC Lifts Trading Halt on Cynk Technology, Shares Crater 85% Mark Zuckerberg Adds Another $1.56 Billion To His Net Worth Puma Biotechnology Illustrates The Dangers of Holding Biotech Short Positions Overnight Tuesday Promises To Be An Interesting Day For Herbalife Shareholders Will Google Be The First Trillion Dollar Company? Gallup: 17% of Americans Believe Immigration is Nation's Biggest Issue SEC Suspends Trading in Cynk Technology The Financial Impact of Lebron James Signing With the Cleveland Cavaliers Shares of Cynk Technology Keep Going.. and Going How An Embarrassing Soccer Loss Could Change Brazil's Future Report: Gun Sales Down 7.6% In First Half of Year Report: "Millennials" Make Up 40% of Unemployed in United States Over $3 Million in Donations Made To Pay Down US Debt Through First Seven Months of 2014 Fiscal Year President Obama's Approval Rating Continues To Hover In Low 40s Real GDP Decreased 2.9% in Q1/2014 Dow 17,000 Likely Coming This Week

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