It has been acknowledged for quite a while now that Canadians have been slow to adopt many of the shopping practices of their neighbors to the south. As millions of American consumers have used ecommerce, mobile shopping and in-store pickup for years now, Canadians are only slowly … [Read more...]
U.S. Consumer Spending Slides, Savings Rate Gets a Boost
Are United States consumers taking a reprieve from spending or are they just biding their time for the busy holiday season just around the corner? This question comes as new data suggests spending is down, while savings is up. The Department of Commerce released a new report Friday … [Read more...]
Reddit New Crowdfunding Platform Redditmade Has Potential
Reddit, the popular social network and news sharing community, has announced that it has launched its own crowdfunding platform, Redditmade, a new portal that can allow moderators to establish projects within its subreddit communities and give Redditors the opportunity to contribute … [Read more...]
War and Terrorism Will Start Taking Place as Cyberattacks
Major attacks are coming to some part of the world in the next decade that will wreak havoc of epic proportions and cause an immense sum of life and tens of billions of dollars in damage. This may sound like a warning for a nuclear threat, but in fact, according to a new study, … [Read more...]
Time Warner Cable Lost 184,000 Subscribers in 3rd Quarter
Consumers are continuing to cut the cord and head to the Internet for their content needs. Time Warner Cable (NYSE:TWX), the No. 2 cable company in the United States, announced its third-quarter results Thursday in which it reported a decline in video subscribers as they sought out … [Read more...]
U.S. Launches Lawsuit Against AT&T Over ‘Data Throttling’
The United States government's Federal Trade Commission (FTC) has filed a lawsuit against AT&T over allegations that the telecommunications giant sold consumers unlimited data plans but would later reduce the Internet speeds once the customer exceeded a certain amount of … [Read more...]
Lowe’s Hires Robots as Sales Reps for Holiday Season
The term robot first appeared in a 1920 Czech science-fiction play entitled "R.U.R." The play is about a factory that produces autonomous robots that look exactly like humans. At first, they are pleased to serve humanity, but as times goes by, they become rebellious and attempt to … [Read more...]
Top 10 Excuses Employees Use When Calling in Sick
We've all had times where we just didn't want to go to work today, even when we feel perfectly fine. The workforce has provided an abundance of excuses for calling in sick or missing work. A new survey by CareerBuilder has revealed the top 10 excuses for taking a day off from work. … [Read more...]
Dunkin’ Donuts New Croissant Donut That’s Not a ‘Cronut’
Last year, there was one food item that was all the rage and generating global headlines: the cronut, a fried, cream-filled croissant-doughnut hybrid developed by Dominique Ansel Bakery. The $5 cronuts were so popular that they even created a black market for those who wouldn't want … [Read more...]
25 Out of 130 Eurozone Banks Failed Stress Test
The European Central Bank (ECB) announced Monday that just 25 out of the eurozone's 130 financial institutions had failed the stress tests, a signal that the region's banking system is becoming a lot more stable and the ECB is doing its job of supervision correctly. According to … [Read more...]
Elon Musk: We’re ‘Summoning the Demon’ With Artificial Intelligence
Artificial intelligence, or AI, will eventually help us drive cars, take a trip to Mars and look after our children. Others, however, fear that this development in technology could actually tap into something a lot more evil. Elon Musk, CEO of Tesla Motors and SpaceX and one of the … [Read more...]
Microsoft Slashes Xbox One by $50 to Edge Out Competition
Need to get your gaming fix before the year is over? Now gaming consumers can get a significant discount when they acquire Xbox One and various console bundles in the United States. Microsoft (NASDAQ:MSFT) will reduce the cost of an Xbox One by $50: with the Kinect motion camera … [Read more...]
Survey Says: Middle Class is in Trouble
The issue of retirement has become a generational matter. With a substantial amount of Americans not having money for their winter years, and the newer generation foregoing the entire concept of retirement, some experts purport there is a crisis transpiring in front of our eyes. A … [Read more...]
Low Interest Rates in Canada are Concerning says Moody’s
Canadians have enjoyed low mortgage and interest rates for a longtime. Cheap borrowing costs have prompted Canadian consumers to spend more on automobiles, expensive homes and other goods on credit. This is a worrisome trend, says the Bank of Canada (BoC) and Moody’s. BoC governor … [Read more...]
Swiss Supermarket Sells Coffee Cream with Hitler’s Face on It
A Swiss supermarket chain has apologized after it was reported that customers discovered packets of cream that had the faces of former German Chancellor Adolf Hitler and former Italian Prime Minister v on top of the casings. Reports say the creamer pots weren’t sold at the Migros … [Read more...]
Big-box Stores Streamline Shipping for Holiday Season
As a growing number of consumers are skipping the crowded malls this holiday season, many of them are turning to the Internet to purchase Christmas gifts for friends, family members, colleagues and mailmen. E-commerce and shipping have become the major topics of the holiday shopping … [Read more...]
Social Security Recipients Can Expect 1.7% Increase Per Month
More than 60 million Americans receiving a Social Security check will notice an increase in their monthly benefits next year. The Social Security Administration (SSA) announced Wednesday that benefits will increase by just 1.7 percent, or about $22 per month, for the typical Social … [Read more...]
U.S. Companies Optimistic About the Economy
When was the last time you received a raise, or at least a cost of living adjustment? If it’s been some time since you've noticed an increase in your wages then you may have to wait a little bit longer. A new study by the National Association of Business Entrepreneurs (NABE) found … [Read more...]
McDonald’s & Coca-Cola Sales Tumble in Third Quarter
A plethora of third-quarter earnings are being released this week. As some companies have helped the Dow Jones erase last week’s losses with their Q3 earnings, some big corporations are tumbling in sales. McDonald’s The global fast-food juggernaut McDonald's (NYSE:MCD) reported … [Read more...]
Fed President Not Ruling Out Another Round of Quantitative Easing
Last week, the markets essentially tanked. The S&P 500 retracted its year-to-date gains, the Treasury bonds had a flash crash, the Dow Jones collapsed a few hundred points, though it regained those losses Friday, and emerging markets hurt United States investors. It was bad news … [Read more...]
