Wednesday, June 19, 2013

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General Business - Posted 2013-06-17 17:17:00 Elon Musk's Very Big Year When you hear the name Elon Musk, you likely think of Tesla Motors. Tesla Motors (TSLA), is a company that designs, manufactures and sells electric cars and electric vehicle powertrain components. Tesla Motors, who was co-founded by Musk, has been one of the biggest stock market stories of the past year. The company, which recently paid back its federal loan nine years early, has soared from $30...Full Story General Business - Posted 2013-06-15 23:26:00 Foreign Holdings of US Debt Up $30.4 Billion in April The Treasury Department recently released their April 2013 "Major Foreign Holders of Treasury Securities" report. According to the Treasury Department, foreign entities reportedly held...Full Story General Business - Posted 2013-06-13 20:25:00 United States Posts $138.7 Billion Deficit in May According to the US Department of the Treasury, the United States posted a $138.732 billion deficit in the month of May, up roughly $12 billion from the deficit that was posted in May of last year. Full Story Posted May 27th, 2013 10:06 pm EST Most Expensive US Real Estate Listing Ever Hits The Market Got an extra $190 million kicking around? If so, there is a Greenwich, Connecticut house with your name on it, as that is ... Full Story Posted May 10th, 2013 6:51 pm EST United States Posts $112.9 Billion Surplus in April According to the Financial Management Service of the US Department of the Treasury, the United State... Full Story Posted April 16th, 2013 6:58 pm EST Foreign Holdings of US Debt Hit Another All-Time High Another month, another record high when it comes to foreign holdings of US debt. According to th... 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 2013-06-11 23:48:00 Facebook Faces Its Shareholders At First Annual Meeting Facebook held their first ever annual shareholder meeting earlier today, with CEO Mark Zuckerberg being pressed on a number of different issues, including the company's ailing share price. Full Story General Business - Posted 2013-06-10 17:36:00 Standard and Poor's Revises US Credit Outlook Standard and Poor's, which shocked the world by downgrading the United States of America's credit rating in August of 2011, revised their credit outlook on the nation from "negative" to "stable" earli...Full Story General Business - Posted 2013-06-09 17:50:00 Employment Numbers: May 2013 vs June 1985 There are a fair number of similarities between May of 2013 and June of 1985. In May of 2013, the unemployment rate in the United States was 7.6%. In June of 1985, the unemployment rat...Full Story In The News In The News Debt Ceiling U.S. Debt Clock Will Obama Win? Super Pac Definition Deficit History General Business - Posted 2013-06-07 11:05:00 May Jobs Report: 175,000 Non-Farm Payroll Jobs Added, Unemployment Rate Ticks Up To 7.6% Some were calling the May jobs report the most important in years, as it would go a long way towards determining exactly when the Federal Reserve would start tapering its $85 billion a month bond buyi...Full Story General Business - Posted 2013-06-06 23:22:00 US Household Wealth Hits New All-Time High According to a report from the Federal Reserve that was released earlier today, US household wealth increased to roughly $70.4 trillion during the first quarter of 2013, an increase of about $3 trilli...Full Story General Business - Posted 2013-06-06 02:19:00 Report: Airlines Raked in $27.1 Billion in Ancillary Revenue in 2012 According to a recently released report from Ideaworkscompany.com (link below), the global airline industry generated $27.1 billion in ancillary revenues last year, up 19.6% from the year before. Full Story General Business - Posted 2013-06-04 01:36:00 The Dow's Amazing 20 Week Streak Here is an amazing but true fact - the Dow Jones Industrial Average (DJIA) is currently in the midst of a 20 week streak of posting gains on Tuesdays. That's right - the DJIA has poste...Full Story General Business - Posted 2013-06-02 13:03:00 Federal Reserve Bank of St. Louis: Recovery in Household Wealth Not As Strong As It Seems According to the Federal Reserve, aggregate household wealth in the United States was $66.1 billion at the end of 2012, slightly lower than the pre-"Great Recession" peak of $67.4 trillion. Full Story General Business - Posted 2013-05-31 15:39:00 White House: Medicare To Remain Solvent Two Years Longer Than Expected According to a blog post released on WhiteHouse.gov earlier today (link below), the Medicare program is expected to remain solvent two years longer than expected. According to the Medi...Full Story General Business - Posted 2013-05-30 02:25:00 Report: US Foreclosure Sales Down 22% Over Last Year According to RealtyTrac.com, which bills itself as the "leading online marketplace for foreclosure properties and real estate data", a total of 190,121 US properties that were either bank-owned or in ...Full Story Net Worth Daily Net Worth Changes Updated Weekdays at 7 pm EST Five Biggest Winners Sergey Brin +$353,502,000 Jeff Bezos +$322,511,133 Mark Zuckerberg +$94,677,148 Elon Musk +$49,515,938 Vince McMahon +$4,766,717 Five Biggest Losers Warren Buffett $-43,744,540 Bill Gates $-8,419,739 Steve Ballmer $-6,665,060 Tim Cook $-233,178 Al Gore $-23,822 Net Worths Page General Business - Posted 2013-05-28 18:08:00 Report: US Home Prices Rise 10.9% According to a recently released report, US home prices increased 10.9% in March compared to the year ago period, which is the largest such gain that has been posted since the bubble days of 2006. Full Story General Business - Posted 2013-05-26 12:49:00 Surprise! Americans Turning Against the IRS The IRS (Internal Revenue Service) has never been the most popular government agency in the United States. Things have really gotten bad for the IRS in recent months, however, thanks t...Full Story General Business - Posted 2013-05-24 19:50:00 Fidelity: Average 401(k) Retirement Balance Hits Record High in Q1 According to Fidelity Investments (via Yahoo.com), the average 401(k) retirement balance for US workers hit an all-time high of $80,900 in the first quarter of 2013. The investors who ...Full Story General Business - Posted 2013-05-22 21:57:00 Tim Cook Turns In His Best Performance as CEO of Apple Tim Cook officially started his role as CEO of Apple, Inc. on August 24th, 2011. Cook had some pretty big shoes to fill, as he was taking over the role left by Steve Jobs, who is one o...Full Story General Business - Posted 2013-05-21 22:18:00 Gallup: Average Retirement Age Up 4 Years in Past Two Decades According to a recently released report from Gallup.com (link below), the average retirement age in the United States has increased by four years over the past two decades. According t...Full Story General Business - Posted 2013-05-19 15:19:00 A Look At Vice President Biden's Net Worth The White House recently released the 2012 financial disclosure reports for both President Obama and Vice President Biden. Of the two men, President Obama is far wealthier than Vice Pr...Full Story General Business - Posted 2013-05-18 01:28:00 President Obama's Financial Disclosure Report For 2012 Released President Barack Obama and the First Lady may have one of the most boring financial disclosure reports in all of Washington. According to President Obama's 2012 financial disclosure re...Full Story General Business - Posted 2013-05-16 22:44:00 Bloomberg: Bill Gates Is World's Richest Person Once Again According to the Bloomberg Billionaires Index, Microsoft co-founder Bill Gates has recaptured the title of world's richest person from Carlos Slim. Bill Gates' net worth has been on th...Full Story General Business - Posted 2013-05-16 00:31:00 CBO: United States Will Be Spending $823 Billion Per Year To Service Its Debt By 2023 The CBO (Congressional Budget Office) released their updated budget projections for FY2013 - FY2023 earlier this week. The report revealed some good news - the deficit for the 2013 fis...Full Story General Business - Posted 2013-05-14 16:55:00 CBO Now Projecting Deficit of $642 Billion for 2013 Fiscal Year According to the CBO (Congressional Budget Office), the United States should post a deficit of $642 billion for the current fiscal year. This deficit, which would equal 4% of the GDP (Gross Domestic P...Full Story General Business - Posted 2013-05-12 22:34:00 Report: Average US Household Spending 10% More Than In 2009 According to a new report, the average US household is spending roughly 10% a month more than in 2009, even after adjusting for inflation. According to Mint.com, the average US househo...Full Story General Business - Posted 2013-05-10 10:13:00 Treasury Secretary Lew: Debt Ceiling Won't Be Breached Until "At Least" Labor Day According to US Treasury Secretary Jacob Lew, the nation will likely not be forced to raise its debt ceiling until "at least" Labor Day, thanks to an upcoming payment of nearly $60 billion from Fannie...Full Story General Business - Posted 2013-05-09 02:25:00 US Stock Ownership Remains Low Despite Roaring Markets Rarely a day goes by when the three major US market indexes don't set multi-year or all-time highs. The S+P 500 and DJIA are currently breaking all-time records while the NASDAQ is the...Full Story General Business - Posted 2013-05-06 18:00:00 Al Gore - The $200 Million Man Former US Vice President Al Gore is rich. Very, very rich. Just how rich is the former VP and 2000 Democratic Presidential candidate? According to a rece...Full Story General Business - Posted 2013-05-03 15:22:00 April Employment Numbers: 165,000 Jobs Added, Unemployment Rate Drops to 7.5% The BLS ("Bureau of Labor Statistics") released the April employment report earlier this morning. According to the BLS, the United States added 165,000 nonfarm payroll jobs in April, w...Full Story General Business - Posted 2013-05-02 15:46:00 Poll: Hillary Clinton Front-runner For 2016 Democratic Nomination According to a poll that was recently conducted by Quinnipiac University, former Secretary of State Hillary Clinton has a massive lead over other potential candidates for the Democratic Presidential n...Full Story General Business - Posted 2013-04-30 18:10:00 Apple Sells $17 Billion Worth of Bonds According to Bloomberg and the Wall Street Journal, Apple completed the largest corporate bond offering on record this afternoon, as they successfully issued $3 billion of floating-rate notes and $14 ...Full Story General Business - Posted 2013-04-28 18:00:00 The Best and Worst Jobs of 2013 Are.. Careercast.com (link below, HT to WSJ.com) has released their list of the best and worst jobs of 2013. Jobs are ranked based on four "Core Criteria" - environment, income, outlook and ...Full Story General Business - Posted 2013-04-25 18:06:00 Spain's Unemployment Rate Hits 27.2% If you have been following the situation in Europe, you know that a number of countries are currently facing some very dire economic problems. Case in point - Spain. Ea...Full Story General Business - Posted 2013-04-23 20:58:00 Markets Momentarily Tank Due To Fake Tweet Earlier today, at a few minutes past 1 pm EST, the markets quickly tanked thanks to a fake Tweet that was posted on the Associated Press Twitter feed. The fake Tweet said this: "Breaking: Two Explosions in the...Full Story RECENT ARTICLES First Look at Q1/2013 GDP Data Set For This Week State Unemployment Report For March: Jobless Rate Falls in 26 States Apple Continues Its Freefall Why Gold Crashed Foreign Ownership of US Debt: January 2013 vs January 2003 President Obama and Vice President Biden Release Their 2012 Tax Returns United States Posts Deficit of $106.53 Billion in March The Federal Government's Top Ten Intragovernmental Holdings The Incredible Shrinking Labor Force Participation Rate US Economy Added 88,000 Jobs in March President Obama To Return 5% of His Salary to Treasury The Rise of Bitcoin Major Market Indexes Wrap Up Strong Q1 Final: Q4/2012 GDP Increased at Annualized Rate of 0.4% Which Countries Own the Most US Debt? Chinese Holdings of US Debt Up 8.43% in Last 12 Months All 50 States Post Unemployment Rates of Less Than 10% For First Time Since 2008 US Debt Up Over $10 Trillion Since Start of Iraq War Cyprus and the Proposed Bank Deposit Levy "Irrational Exuberance" In The Markets Now? Greenspan Says No United States Posts Deficit of $203.5 Billion in February 47.8 Million Americans Used Food Stamps in December State Unemployment Rates: Five Years Out From The Start of the "Great Recession" Unemployment Rate Drops to 7.7% US Household Wealth Increased by $1.17 Trillion in Fourth Quarter Dow Surges To All-Time High Carlos Slim Helu Tops Forbes Billionaire List For The Fourth Straight Year CBO: US Government Would Cut Deficit Spending By $340 Billion Over 10 Year Period By Switching to Chained CPI The Big Drop: Personal Income Posts Largest Monthly Drop in 20 Years BEA: US GDP Increased 0.1% in Q4/2012 Ben Bernanke: Three More Years Until Unemployment Rate Drops Below 6% Intrade: Democrats Hold Early Edge in Next Presidential Election Poll: Majority of Americans Favor Minimum Wage Increase What is Sequestration? Is It Time to Ditch the Penny? 50 Months With an Unemployment Rate of Higher Than 7% - And Counting Foreign Ownership of US Debt Hit $5.555 Trillion in December Parsing President Obama's 2013 State of the Union Speech President Obama Set To Make His Fifth State of the Union Address on Tuesday Retail Gasoline Prices Hit All-Time High For Month of February CBO: Net Interest To Total $5.41 Trillion Over Next Ten Years CBO: Federal Deficit To Shrink To $845 Billion in FY2013 Report: Gasoline Expenditures For Average US Household Topped $2,900 In 2012 Nevada, Rhode Island Tie For Nation's Highest State Unemployment Rate in December US Economy Adds 157,000 Jobs in January; Unemployment Rate at 7.9% FICO: Average Student Loan Debt Up 58% Over Last Seven Years Gallup: President Obama on Track To Become Most Polarizing President Ever The Week In the Markets: Apple Drops, Netflix Surges Apple At Risk of Losing Title of World's Most Valuable Company Report: World Unemployment To Hit All-Time High in 2013 Gallup: President Obama's Average Approval Rating During His First Term Was 49.1% President Obama Officially Begins His Second Term in The White House China and Japan Own Over $2.3 Trillion in US Debt President Obama: "We Are Not a Deadbeat Nation" Shares of Apple Now Down Over $200 From All-Time High Money Poured Into Equity Mutual Funds in First Week of January Shares of Facebook Continue To Recover Report: Treasury May Exhaust Borrowing Authority By as Early as February 15th December Employment Numbers: Unemployment Rate At 7.8% To Close Out The Year The Next Rumble Looms: The Debt Ceiling

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