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General Business - Posted 2014-10-20 04:40:00
US Debt Load Approaching $18 Trillion


USA Deficit approaching 18 Trillion Dollars It's safe to say that, relatively speaking, the subject of deficit spending in the United States has become a non-issue from a political point of view.

Just a few short years ago, the nation's deficit spending led to a shutdown of the federal government. Now? Nobody really seems to care, as issues such as ISIS, ebola and immigration dominate the headlines. As the mid-term elections approach, deficit spending is...Full Story


Netflix company logo - On white background General Business - Posted 2014-10-15 21:36:00
Netflix Set To Lose Billions in Market Cap Following Q3 Earnings Report Release


Netflix, which has been one of the darlings of the stock market over the past 2-3 years, is currently undergoing a major haircut in afterhours trading.

Shares of the streaming video co...Full Story



Mitt Romney - 2012 Photo - Clear Blue Sky General Business - Posted 2014-10-13 19:48:00
Iowa Poll: Romney Only Republican Who Would Beat Hillary Clinton


According to a recently conducted poll in Iowa, former Republican Presidential candidate Mitt Romney is the only Republican who would beat Democrat Hillary Clinton if the 2016 election were to be held...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


Dow Jones Industrial - Chart - Year 2014 up to October 9th General Business - Posted 2014-10-10 20:53:00
Dow Jones Turns Negative For 2014 After Volatile Week


Many online news websites and traditional newspapers will be filled this weekend with pictures of stock traders looking flummoxed and forlorn as the Dow Jones Industrial Average turned negative for th...Full Story
NBA - National Basketball Association - Logo General Business - Posted 2014-10-08 23:05:00
NBA, Players Looking At Likely CBA Standoff Thanks To New TV Deal, Team Valuations


The NBA (National Basketball Association) recently inked new TV deals with ESPN and Turner that will reportedly pay the league $2.66 billion per year starting in 2016-17. The nine-year deal will repre...Full Story
GT Advanced Technologies - Company Logo General Business - Posted 2014-10-06 18:45:00
GT Advanced Technologies: $1.5 Billion Company on Friday, Bankrupt Today


A very unusual situation unfolded in the markets earlier today as GT Advanced Technologies Inc., trading as GTAT on the Nasdaq, filed for Chapter 11 bankruptcy. Shares of the company closed the day at...Full Story




In The News
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Yahoo - New Company Logo - Purple Color General Business - Posted 2014-10-05 18:06:00
Marissa Mayer Under Fire at Yahoo!


The "honeymoon" period is clearly over for Marissa Mayer as the former "golden child" is now under pressure to either make significant changes to her leadership strategy or step down altogether at Yah...Full Story
Economy Gears - Unemployment at 5,9% - Illustration - Concept - Idea General Business - Posted 2014-10-03 16:21:00
Unemployment Rate Declines To 5.9% in September


The BLS ("Bureau of Labor Statistics") released the "Employment Situation Summary" for the month of September earlier today.

The big data point that many in the mainstream media are tr...Full Story
Pershing Square Capital Management and Herbalife - Company Logos General Business - Posted 2014-09-30 17:39:00
SEC Charges Two Men With Insider Trading on Pershing Square's Announcement of Bearish View on Herbalife


In one of the first cases of its kind, the SEC ("U.S. Securities and Exchange Commission") has charged two men with insider trading after one friend tipped off another about a prominent hedge fund's v...Full Story




ATM Bank Machine - Illustration - Spitting Out Cash General Business - Posted 2014-09-29 04:57:00
Surprise! ATM, Overdraft Fees Continue To Surge


There are three things in life that are certain - death, taxes and increasing bank fees.

Two of the bank fees that inspire the most hatred from people - ATM and overdraft fees.
...Full Story
IPhone 6 - Logo General Business - Posted 2014-09-25 17:23:00
Apple Suffering Through Embarrassing iPhone 6 Launch


Apple's iPhone launches usually go something like this. Millions of people line up to buy their new iPhone on the first day of its release. Apple sells kajillions of the new devices. Media outlets sho...Full Story
Herbalife Company Logo General Business - Posted 2014-09-22 19:22:00
Is Carl Icahn Liquidating His Stake in Herbalife?


Herbalife was cruising towards a moderately red day today when selling suddenly picked up into the close. Shares of the company, which had closed on Friday at $44.83, traded as low as $38.63 before cl...Full Story
USA Succession Map - Survey - 2014 General Business - Posted 2014-09-20 22:53:00
Reuters: 23.9% of Americans Want Their States To Secede From The Union


According to a recent poll from Reuters, 23.9% of Americans have at least some desire for their states to leave the Union.

Reuters asked 9,000 people the following question:
Full Story




Net Worth
Daily Net Worth Changes



Updated Weekdays at 7 pm EST


Five Biggest Winners

Warren Buffett

+$868,000,000

Jeff Bezos

+$765,698,857

Mark Zuckerberg

+$735,940,103

Larry Ellison

+$623,444,346

Micky Arison

+$360,643,529

Five Biggest Losers

Vince McMahon

$-24,628,037

Stephanie McMahon

$-1,556,864



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





Oracle - Company Logo - Red Color General Business - Posted 2014-09-18 19:13:00
Larry Ellison Steps Down as CEO of Oracle


Shares of Oracle Corporation (ORCL on the NYSE) are off slightly in afterhours trading after CEO and co-founder Larry Ellison announced his intentions to step down as the chief executive of the compan...Full Story
Poof - Disappearing Baloon - Strip Comic Art - Illustration General Business - Posted 2014-09-16 18:01:00
CEO, COO and Cash Disappear From Publicly Traded German Company


A bizarre situation has unfolded at Ultrasonic AG, a Cologne, Germany based company that trades on the Frankfurt Stock Exchange.

Last last week, the CFO of Ultrasonic AG (US5 on the Fr...Full Story
United Kingdom Map - Scotland - British Pound Currency Symbol General Business - Posted 2014-09-15 23:52:00
Capital Flees United Kingdom Ahead of Scottish Independence Vote


According to multiple media reports, an estimated $27 billion was pulled out of UK financial assets by investors in August, which translated into the single largest month of outflows in the United Kin...Full Story
NFL Logo - Small Size General Business - Posted 2014-09-11 23:26:00
NFL Commissioner at Risk of Losing Job Over Ray Rice Situation


The National Football League and its commissioner Roger Goodell are currently in crisis mode following the release of a videotape by TMZ earlier in the month.

If you are unfamiliar wit...Full Story



Apple iWatch - Unveiled - White - Sport General Business - Posted 2014-09-09 05:50:00
All Eyes on Apple on Tuesday


If you are a lover of Apple products, tonight is probably like Christmas Eve for you.

Apple is hosting an event on Tuesday in which they are expected to reveal details of several new p...Full Story
The Labor Force Participation Rate - 1948 - 2014 - Chart / Graph General Business - Posted 2014-09-07 19:10:00
The Labor Force Participation Rate Continues To Evaporate


One of the most alarming statistics that presents itself in the pages of the monthly employment reports from the Bureau of Labor Statistics is the ever-dwindling labor force participation rate.
...Full Story
August 2014 Unemployment Rate - 6.1% - Illustration - Graphic - Calendar General Business - Posted 2014-09-05 22:36:00
August Unemployment Report: +142,000 Nonfarm Payroll Employment, Unemployment Rate 6.1%


The Bureau of Labor Statistics of the United States Department of Labor released the "Employment Situation Summary" for the month of August earlier today.

The United States added 142,0...Full Story
Barack Obama - American Flag Background - 2012 Photo General Business - Posted 2014-09-04 16:22:00
President Obama's Approval Numbers Continue To Deteriorate


Gallup.com recently released some new numbers regarding President Obama's approval rating and the results aren't pretty.

To start - President Obama's approval rating currently sits at ...Full Story
Man Working Overtime - Illustration - Cartoon General Business - Posted 2014-09-01 23:52:00
Gallup: 50% of Full-Time US Workers Work More Than 40 Hours Per Week


According to data from Gallup's Work and Education Survey, a full 50% of full-time US workers work at least 41 hours per week.

Here is the breakdown from Gallup's survey:

...Full Story
The United States of America - Flag - Illustration General Business - Posted 2014-08-29 19:17:00
Want To Renounce Your US Citizenship? It'll Now Cost You More


Tired of the direction that the United States is trending? Feeling so disgusted that you want to take the extreme step of renouncing your citizenship?

Well, renouncing your citizenship ...Full Story
Warren Buffett - Illustration - Thinking Green General Business - Posted 2014-08-27 04:09:00
Warren Buffett Under Fire For Berkshire Hathaway's Role in Burger King/Tim Hortons Deal


Earlier today, the deal between Burger King and Tim Hortons was officially announced.

As part of the deal, Berkshire Hathaway committed $3 billion towards the purchase of preferred equ...Full Story
Burger King and Tim Hortons - Company Logos General Business - Posted 2014-08-25 14:08:00
Burger King and Tim Hortons Talking Deal


"I'd like a Whopper with a Double Double and a chocolate glazed doughnut, please."

According to multiple media reports, Burger King and Tim Hortons are currently in advanced negotiation...Full Story




Barack Obama Playing a Round of Golf - Caricature General Business - Posted 2014-08-23 01:11:00
The Great Presidential Vacation Debate


President Obama is vacationing while the world burns. How could he?

With the midterm elections approaching, many Republicans have attacked the President in recent months, asking how the...Full Story
Los Angeles Clippers - Team Logo General Business - Posted 2014-08-19 18:32:00
Steve Ballmer Looking To Resurrect His Image as New Owner of Los Angeles Clippers


Earlier this week, former Microsoft CEO Steve Ballmer formally purchased the NBA's Los Angeles Clippers for a staggering $2 billion. The deal, which involved litigation and was months in the making, c...Full Story
Stock Market Rise - Question Mark - Composite - Illustration General Business - Posted 2014-08-17 20:32:00
Gallup: 52% of Americans Believe That Now is a Good Time To Invest in Financial Markets


Despite a bit of turmoil over the past couple of weeks, the S+P 500 and Dow Jones Industrial Average both remain within striking distance of their all-time highs.

The Federal Reserve's...Full Story
Berkshire Hathaway Logo - Small Size General Business - Posted 2014-08-14 21:55:00
Berkshire Hathaway Tops $200,000/Share For The First Time


The company, which is a conglomerate that owns the likes of BNSF, Geico and Dairy Queen, as well as stakes in IBM and American Express, finished Thursday up $3,241.00 to close at $202,850 per share. A...Full Story
King Digital Entertainment plc - Logo General Business - Posted 2014-08-12 17:38:00
Maker of "Candy Crush Saga" Crushed After Q2 Earnings Report


Let's be blunt - King Digital Entertainment plc (KING on the NYSE) is not the most popular company in the world.

The company, which is behind social games such as "Candy Crush Saga" an...Full Story
Hemp Leaf - Illustration General Business - Posted 2014-08-10 18:51:00
SEC Nabs Four For Manipulation of Medical Marijuana Stocks


The SEC ("Securities and Exchange Commission") revealed late last week that they had charged four men for the manipulation of various "microcap" stocks, including a number of companies with ties to th...Full Story
Minimum Wage Fee - Restaurant Receipt - Crop General Business - Posted 2014-08-07 13:38:00
Would You Pay a "Minimum Wage Fee" On Your Restaurant Bill?


On August 1st, Minnesota's minimum wage laws changed for the first time in nearly a decade. Minnesota has a multi-tiered minimum wage system that is based on the annual revenues of the employer. The m...Full Story
Angry Bull - Illustration - Stock Market General Business - Posted 2014-08-05 04:32:00
Bull Market Rages On, But It's Still Nothing Like 1999


If you are talking to somebody who got into investing or trading sometime after the implosion of the first "dot-com" bubble in 2000-2001, it can be hard to fully convey just how crazy things were in the late '90s. If you talk to a trader wh...Full Story


RECENT ARTICLES

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
AAA: Don't Expect Gas Prices To Drop Anytime Soon
Romney Redux? Mitt Leads New Hampshire GOP Primary Poll
IMF Cuts US Growth Outlook For 2014
Report: 71% of Americans Support Minimum Wage Increase
US Posts $130 Billion Deficit in May
Report: Global Millionaire Population Soared in 2013
May Employment Report: 6.3% Unemployment Rate, 217,000 Jobs Added
Economists Expecting 6.4% Unemployment Rate For May
Five Years Since The End of the "Great Recession"
NY Times: FBI Investigating Carl Icahn, Phil Mickelson For Possible Insider Trading Violations
Apple Agrees To Its Largest Ever Purchase As It Buys Beats Electronics, LLC For $3 Billion
Gallup: Half of Americans Think That They Will Be Able to Retire Comfortably
Gasoline Prices: 1,247 Days Over $3/Gallon and Counting
A Look at Vice President Biden's Personal Financial Disclosure For 2013
President Obama Files Financial Disclosure for 2013
Shares of World Wrestling Entertainment, Inc. Plummet Following TV Deal, Release of WWE Network Numbers
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


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