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Saturday, January 31, 2015
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General Business - Posted 2015-01-31 03:06:00
Mitt Romney Decides Against Third Presidential Bid in 2016

Mitt Romney speech - Circa 2012 - Clear Blue Sky Mitt Romney, who ran for President of the United States twice (2008, 2012), has reportedly decided against a third bid for the White House.

Romney surprised many earlier in the month when he revealed that he still wanted to be President and was actively considering a third Presidential bid. This shocked many as Romney had been adamant about not wanting to run for President again after losing to Barack Obama in ...Full Story

United States Budget and Economic Outlook - 2015 - 2025 - Graphic 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 p...Full Story

One Euro Coin - Illustration 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

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

The European Central Bank - Euro sign in front of the building - Photo - Sunny day 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
United States Elections - 2016 - Concept Poster 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
Swiss Franc - 100 Bill - Stock Photo 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

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Car being filled with gas at station - Gas prices 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
United States Capitol - Congress Building - Sunny Cloudless Day 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
Job Report - Illustration 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

Wallet Illustration - Credit Cards and No Cash 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
Hillary Clinton 2016 - Presidential Race Logo 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
Debt Bomb - Illustration 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
Champagne cheer - Two glasses - Vector Drawing 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

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LeBron James, July 11th, 2014 - James announced his intention to sign with the Cleveland Cavaliers.

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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

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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

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President Barack Obama - Speach - Large Green Tree in the Background 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
Mastercard Advisors - Logo 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
Dow Jones Industrial - New Logo - Year 2014 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
Gas Price - 30% Off - Illustration - Concept 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

The Interview - Movie Poster - Featuring Seth Rogen and James Franco - Sony 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
Vladimir Putin - President of Russia - Serious Expression - Visit to Prague 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
OPEC Logo - Organisation of Oil Exporting Countries 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
Oil Fields - Orange Background - Scenic Photo 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
Emplyment Numbers - Deeper Look - Illustration 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
The federal government debt - Illustration - Collage 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
18T - Eighteen Trillion - US Debt - Illustration / Concept - American Flag 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
Black Friday Sign - 11% Drop in Spending - Illustration / Concept 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

Oil Rig Illustration / Icon - Black and White 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
The Department of Treasury Building - United States of America - Sunny Cloudless Day - Photo 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
National Hockey League - NHL - Logo - Small Size 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
Google Company Logo - Standard 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
United States Immigration Reform - Statue of Liberty in front of Flag - Concept / Illustration 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
Pershing Square Capital Management - Hedge Fund - Logo 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
Democratic Party - Donkey - Illustration 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
Microsoft Company Logo - 2014 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 market capitalization of $408.93 billio...Full Story


State Unemployment: Georgia Leads Way With Unemployment Rate of 7.9%
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

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