Tuesday, December 10, 2013

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General Business - Posted 2013-12-09 21:44:00 Federal Reserve: US Household Net Worth Hit New All-Time High in Q3 According to the Federal Reserve, the party continued in the United States during the third quarter of 2013, as US household net worth hit another all-time high. According to the Fed, US household net worth increased $1.9 trillion to $77.3 trillion in Q3, with a big chunk of the gains coming from a stock market that continues to surge in value. According to CNBC.com, residential real estate rose...Full Story General Business - Posted 2013-12-08 21:07:00 Bitcoin Stumbles Following Chinese Crackdown There is never a dull moment if you own Bitcoins. Earlier this week, the price of a single Bitcoin plunged over $500 following a crackdown on the crypto-currency by the Chinese governm...Full Story General Business - Posted 2013-12-06 18:26:00 National Unemployment Rate Dropped to 7.0% in November The markets roared higher earlier today after the BLS ("Bureau of Labor Statistics") announced that the US economy had added 203,000 non-farm payroll jobs in the month of November. In ...Full Story Posted October 3rd, 2013 8:36 pm EST Twitter To Trade Under TWTR Symbol Earlier today, Twitter, Inc. made its initial public offering (IPO) filing available to the public. The company revealed ... Full Story Posted October 2nd, 2013 5:54 pm EST Shares of Tesla Drop on Downgrade, Car Fire Shares of Tesla Motors, Inc. (TSLA) dropped over 12 points (-6.24%) to close the regular session at ... Full Story Posted October 1st, 2013 11:02 pm EST More Problems Arise For JC Penney Shares of the beleaguered retailer JC Penney continued to sag today, as the stock ($JCP) closed the ... 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 2013-12-04 16:18:00 Elon Musk Tops List of Highest Paid CEOs in 2013 Earlier today, Time Magazine released their "Top 10 of Everything 2013" compilation of lists. One of the more interesting lists, at least for me, was the "top 10 highest paid CEOs of 2...Full Story General Business - Posted 2013-12-02 19:24:00 Amazon Prime Air: Delivery Within Thirty Minutes - By Drone? In an interview with "60 Minutes" on Sunday night, Amazon CEO Jeff Bezos revealed that his company is working on something unbelievable - "Amazon Prime Air". According to Bezos, "Amazo...Full Story General Business - Posted 2013-11-30 16:42:00 CNN/ORC Poll: Chris Christie Early Frontrunner For 2016 Republican Presidential Nomination According to a recently released CNN/ORC poll, Chris Christie is the early frontrunner for the 2016 Republican Presidential nomination. The CNN/ORC poll asked Republican and Republican...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 2013-11-28 15:05:00 "Alt-Coins" Surging Thanks To Bitcoin's Amazing Run Are crypto-currencies such as "Bitcoin" simply in mania mode right now, or is there a paradigm shift taking place that will continue to drive the price of these coins even higher? The p...Full Story General Business - Posted 2013-11-26 19:00:00 Nasdaq 4,000 The NASDAQ closed above 4,000 today for the first time since the "dot com" bubble started to burst in 2000. On September 7th, 2000, the NASDAQ closed at 4,098.35. At the time, the "dot...Full Story General Business - Posted 2013-11-24 15:52:00 Switzerland Votes Against Capping Executive Pay Swiss voters have rejected a proposal that would have capped executive pay by a decisive margin. The proposal, also known as the "1:12 referendum", would have meant that executives wou...Full Story General Business - Posted 2013-11-23 00:57:00 President Obama's Approval Rating Continues To Tumble What do recent CNN/ORC, CBS News, ABC News/Washington Post, Quinnipiac University, National Journal Heartland Monitor and NBC News/Wall Street Journal polls all have in common? All of t...Full Story General Business - Posted 2013-11-20 21:48:00 Maria Bartiromo Leaving CNBC For Fox It was revealed earlier this week that long-time CNBC personality Maria Bartiromo will soon be leaving for Fox. Maria Bartiromo, affectionately known as the "Money Honey", spent 20 yea...Full Story General Business - Posted 2013-11-19 19:25:00 Warren Buffett on Stocks: "They're in a Zone of Reasonableness" Earlier today, during an interview with "CBS This Morning", Warren Buffett was asked to comment on current stock valuations. According to Buffett, chairman of Berkshire Hathaway Inc. a...Full Story General Business - Posted 2013-11-17 15:55:00 Bitcoin Breaks $500 How high will Bitcoins go? Earlier today, the price of one Bitcoin surged past $500 for the first time in its short history. As of the time that this article was written, one unit of th...Full Story Net Worth Daily Net Worth Changes Updated Weekdays at 7 pm EST Five Biggest Winners Mark Zuckerberg +$453,241,665 Warren Buffett +$283,850,000 Sergey Brin +$203,442,000 Bill Gates +$145,240,504 Larry Ellison +$137,272,150 Five Biggest Losers Jeff Bezos $-179,560,252 Vince McMahon $-6,752,849 Net Worths Page General Business - Posted 2013-11-14 21:14:00 Berkshire Hathaway Acquires Large Stake in Exxon Mobil When you are the most successful investor to have ever lived, people tend to follow your moves pretty closely. Earlier today, in its quarterly Form 13F filing, Berkshire Hathaway revea...Full Story General Business - Posted 2013-11-13 18:43:00 Gallup: Congressional Approval Rating Hits All-Time Low of 9% In a new poll that was released from Gallup earlier this week, just 9% of people surveyed said that they approved of the job that Congress was doing. According to Gallup, this is the l...Full Story General Business - Posted 2013-11-12 21:19:00 Labor Force Participation Rate Continues To Shrink When the October job numbers came out, the markets momentarily buckled before surging higher. In the end, the markets focused on the +204,000 nonfarm payroll jobs number (much higher t...Full Story General Business - Posted 2013-11-11 17:50:00 Planned Stock Offerings From Fantex Take Hit After Injuries This Past Weekend The greatly maligned plan from Fantex to offer "tracking stocks" in athletes took a big hit this past weekend as both Arian Foster (Houston Texans) and Vernon White (San Francisco 49ers) went down wit...Full Story General Business - Posted 2013-11-10 00:21:00 Bitcoins Continue To Go Parabolic In April of this year, the price of one Bitcoin hit $230. At the time, Bitcoins were getting unbelievable exposure from the mainstream media, and many people quickly hopped on the bandwagon. After tra...Full Story General Business - Posted 2013-11-09 17:24:00 October Unemployment Numbers: 204,000 Jobs Added, Unemployment Rate Ticks Up to 7.3% How did the partial government shutdown impact the employment numbers? We received our answer in the October jobs report that was released by the Bureau of Labor Statistics ("BLS") earlier today. Full Story General Business - Posted 2013-11-06 18:28:00 Tesla Motors Drops 14.5% Following Q3 Earnings Release Sooner or later, every momentum stock will stumble. Tesla Motors has been one of the biggest stock market stories of the past 12 months. The company, which develops and sells electric ...Full Story General Business - Posted 2013-11-04 21:35:00 All Eyes on Twitter Twitter Inc. is set to list its shares on the New York Stock Exchange this week. The initial public offering from Twitter is one of the most hotly anticipated new listings of the year....Full Story General Business - Posted 2013-11-03 19:04:00 Can Healthcare.gov Be Fixed by End of November? Democrats and Republicans likely universally agree with this statement - the initial launch of Healthcare.gov has been a complete, unmitigated and embarrassing disaster. Healthcare.gov...Full Story General Business - Posted 2013-11-01 02:29:00 President Obama's Approval Rating Hits All-Time Low According to a recently conducted NBC/WSJ poll, just 42% of the American public believes that Barack Obama is doing a good job as President of the United States. This is President Obama's lowest appro...Full Story General Business - Posted 2013-10-30 09:33:00 No Taper Yet? Federal Reserve Expected To Continue Bond Buying For Foreseeable Future The Federal Reserve is poised to reveal the status of their $85 billion/month bond buying campaign later today at 2 pm EST. Remember four to five months ago when it seemed like a virtu...Full Story General Business - Posted 2013-10-27 18:51:00 Jeff Bezos, Bill Gates Added To Their Fortunes on Friday Thanks to strong earnings reports from Amazon.com and Microsoft, the fortunes of Jeff Bezos, Bill Gates and Steve Ballmer all soared on Friday. Amazon.com had a particularly good day o...Full Story General Business - Posted 2013-10-26 20:40:00 Elon Musk, Reed Hastings Warn Investors About High Share Prices It's quite something when the CEO of a company warns investors about getting too carried away and driving shares of their company too high, but that's exactly what Elon Musk and Reed Hastings have don...Full Story General Business - Posted 2013-10-25 04:32:00 Foreign Holdings of US Debt Drop For Fifth Consecutive Month Earlier this week, the Treasury Department released the "Major Foreign Holders of Treasury Securities" report for the month of August. The main data point that stood out in the report?...Full Story General Business - Posted 2013-10-23 00:15:00 September Employment Numbers: 148,000 Jobs Added, Unemployment Rate Drops to 7.2% Thanks to the partial government shutdown, the BLS ("Bureau of Labor Statistics") wasn't able to release the September employment numbers on time last month. Now that the government ha...Full Story General Business - Posted 2013-10-21 19:38:00 Game Changer: Netflix To Pass HBO in Paid US Subscribers Netflix reported their Q3 earnings earlier today, with the company managing to surpass even the rosiest of expectations. Shares of Netflix traded over 6% higher during the regular session as investors...Full Story General Business - Posted 2013-10-19 16:55:00 US Debt Total Breaks $17 Trillion Mark for First Time For the first time in the history of the nation, the United States has more than $17 trillion in debt. According to the Treasury Department, the current public debt outstanding of the ...Full Story General Business - Posted 2013-10-18 00:52:00 Gift Contributions To Reduce the US Debt Down Dramatically in 2013 Did you know that you can make "gift contributions" to help pay down the US debt? The US government makes it VERY easy to pay down some of the public debt outstanding, should you feel s...Full Story General Business - Posted 2013-10-16 18:17:00 Crisis Averted? Senate, House Set To Vote on Reid/McConnell Deal The Senate and House of Representatives are set to vote later today on a deal that would allow the country to avoid a historic debt default. House of Representatives Speaker John Boehn...Full Story General Business - Posted 2013-10-15 18:43:00 Fitch Places United States on Rating Watch Negative Earlier today, Fitch Ratings placed the pristine AAA credit rating of the United States on Rating Watch Negative. Fitch noted that there are a number of different factors that may "individually or collectively result in a downgrade" of the ...Full Story RECENT ARTICLES Senate Leaders Reportedly Close To Deal 92 Debt Ceiling Increases Since 1940 and Counting Markets Surge on GOP Short-Term Debt Ceiling Increase Plan Poll: Americans Like IRS, Cockroaches and Witches More Than Congress Government Shutdown Stumbles Into Its Second Week Oops! Traders Run Up Shares of Bankrupt TWTRQ, Thinking That It's Twitter, Inc. Treasury Department: US Default Could Be "Catastrophic" How Did The Markets Perform During The Last Federal Government Shutdown? Countdown to Shutdown The JC Penney Madness Continues Treasury Secretary Lew: Government Will Run Out of Cash By October 17th Without Debt Ceiling Increase Twitter Likely To Choose NYSE For Upcoming IPO Here Comes The Hedge Fund Advertisements Blackberry Dishes Blast of Bad News To Its Shareholders Late Friday Afternoon United States Census Bureau: Median Household Income Dropped For Fifth Straight Year in 2012 AAA: 1,000 Days of $3+/Gallon Gas And Counting Larry Summers Withdraws Himself From Fed Chairman Consideration Twitter Files To Go Public Alcoa, Bank of America and Hewlett-Packard To Be Dropped From Dow Jones industrial Average Bloomberg: Cost of Textbooks Up 102% Since 2001 August Employment Report: 169,000 Jobs Added, Unemployment Rate Drops to 7.3% September Taper? August Jobs Number Could Begin Bond Buying Drawdown Hedge Funds Piling Into JC Penney US Labor Market Continues To Struggle August Swoon: Market Turns In Its Weakest Month Since 2012 Treasury Secretary Lew: Debt Ceiling Must Be Raised By Mid-October Bill Ackman Says "No Mas", Will Dump Entire Stake in JC Penney Tel Aviv Stock Exchange Hit By Typo The $18 Billion Retirement Announcement Nasdaq Seizes Up, Shuts For Over Three Hours How Does President Obama's Current Approval Rating Compare To Those of Past Two-Term Presidents? Google Goes Down, Global Internet Traffic Drops By 40% DJIA Posts Its Biggest Weekly Loss Since June of 2012 The $20 Billion Tweet United States Posts $97.6 Billion Deficit in July President Obama's Approval Rating Continues To Erode Japan: 1 Quadrillion Yen in Public Debt and Counting Tesla Surges (Again) After Earnings Beat What Does Jeff Bezos Have In Mind For The Washington Post? The Part Time Problem - Millions of Americans Stuck With Part Time Work July Employment Numbers: 162,000 Jobs Added Federal Reserve Downgrades US Economic Growth to "Modest" Many Fast Food Workers To Walk Off The Job This Week Gallup: Economy Still The Most Important Problem in the United States All Eyes on Zuck: Facebook Soars After Q2 Beat Netflix Dips After Reporting Q2 Earnings Larry Ellison, Elon Musk Top List of Highest Compensated US CEOs Moody's: US Aaa Sovereign Rating Upgraded To Stable Report: Just 41% of World Believes That US Is Leading Economic Superpower Foreign Holdings of US Debt Dropped To $5.6784 Trillion in May From The "Could You Be Any More Obvious?" Files - LEAP United States Posts $117 Billion Surplus in June IMF Lowers Global Growth Outlook Bumped Up: Most Economists Believe That Fed Tapering Will Now Begin Sooner Than Expected June Jobs Report: 195,000 Nonfarm Payroll Jobs Added, Unemployment Rate Unchanged at 7.6% All Eyes on June's Payroll Data Shares of Blackberry Continue To Plunge Gallup: President Obama's Approval Rating Down 11 Points Since December Markets Close Out Strong First Half of Year State of the Industry: Boston Globe Will Likely Sell For Fraction of 1993 Sale Price

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