For years, we have been told that one of the best investments to make in the stock market is to pick the right investment adviser, someone who provides advice about securities and is then paid by the client. But some people are simply not big advocates for the investment adviser … [Read more...]
Industry experts urge consumers to avoid retail credit cards
It’s a common occurrence for anyone who has ever shopped at a department store. You’re walking around a clothing store, you see a nice looking pair of pants and decide to add that to your initial pursuit of seeking out socks. You have finished your trip and walk over to the cashier. … [Read more...]
Russia may be on the verge of banning bitcoin, again
The bitcoin situation in Russia has left many wondering as to what exactly is going on. Earlier this year, the Russian government and central bank noted that bitcoin and other digital currencies would be prohibited, but then a few months later one Bank of Russia official said it … [Read more...]
420,000 websites are compromsied by Russian hackers who access over 1 billion passwords
In a series of historic Internet heists, it has been discovered that Russian hackers have stolen approximately 1.2 billion usernames and passwords from 420,000 websites as well 500 million email addresses. Security experts have described the incident as proof that big and small … [Read more...]
Video gamers reality altered, they ‘hear screams and explosions’ following long playing sessions
With the exciting realism that comes with today’s generation of video games – as well as our advanced television sets and audio equipment – it’s quite difficult for the average kid or young adult to refrain from playing a video game filled with violence, blood and adventure. It may … [Read more...]
Los Angeles County residents call police because Facebook is down
Over the years, there have been many instances of Facebook (NASDAQ:FB) being down for maintenance or crashing leaving millions of users stranded. Although individuals can get their social media fix from Twitter, Instagram or Google+, users insist that Facebook is their primary choice. … [Read more...]
‘Sandwich Generation’ delaying retirement to care for their parents
In today’s economy, it appears as if retirement has become a long forgotten concept, a desire to spend your winter years doing what you please, spending the fruits of your labor and completing a bucket list. For today’s Baby Boomers, however, they’re getting “sandwiched” and can’t … [Read more...]
FINTRAC regulations won’t be fully implemented until next year
Late last week, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) published a regulatory scheme for Money Services Businesses (MSBs) that work with bitcoin and other virtual currencies. The specifics are being discussed, but it’s believed that it won’t become … [Read more...]
Overstock.com will be paying their staff bonuses in bitcoin
Overstock.com, the online retailer who is leading the pioneers today in accepting bitcoins from customers, is in the midst of planning to offer its employees bonuses paid out in bitcoin. This has been a growing issue for quite some time now and Overstock.com has yet again remained … [Read more...]
CFPB report finds checking overdraft fees cost more than item purchased
More than one-third of Americans maintain an overdraft account because of forgetfulness and a paucity of funds. The average overdraft and non-sufficient fund (NSF) fees cost roughly $225 each year. A new report suggests that paying overdraft fees can actually cost more than the cost … [Read more...]
Wikipedia is accepting donations in bitcoin
If you wish to support Wikipedia you can now do so with bitcoin. The online encyclopedia announced in a blog post that it is accepting bitcoin contributions to help support the Wikimedia Foundation. Partnering with Coinbase for this new endeavor, readers can now help the … [Read more...]
Tax-free weekend for back-to-school shopping coming up
If you’re gearing up for the busy (and expensive) back-to-school shopping season then perhaps you should commence this weekend and take advantage of the upcoming tax-free weekend that states, cities and counties are offering to consumers. It is estimated that families across the … [Read more...]
Canada’s National Research Council hit by alleged Chinese cyber attack
The computer systems at Canada’s National Research Council (NRC) have been hacked by a “highly sophisticated Chinese state-sponsored actor,” which was discovered by Communications Security Establishment Canada, according to Canada's chief information officer, Corinne … [Read more...]
National security employees owe $730 million in back taxes
The Government Accountability Office (GAO), the congressional non-partisan watchdog agency, discovered that national security workers with high-level security clearance owe millions in unpaid taxes. In fact, nearly one-third (31 percent) of those workers already maintained tax … [Read more...]
Alan Greenspan says stocks are likely to see a ‘significant correction’
Former Federal Reserve Chairman Alan Greenspan believes some elements of the stock market, particularly those in equities, will see a “significant correction” and eventually experience a decline after soaring to record highs over the past couple of years. The 88-year-old Greenspan … [Read more...]
Rep. Steve Stockman: New York regulations could crush bitcoin industry
Texas Republican Congressman Steve Stockman is enthusiastic about bitcoin. Since announcing his bid for the senate to unseat incumbent John Cornyn, his campaign has incorporated bitcoin into its financing model, a move that established a precedent for other political hopefuls. He’s … [Read more...]
One-third of Americans facing debt collectors over unpaid bills
Although government statistics suggest that the economy may be improving, debt still remains an important factor in millions of households across the country. In total, U.S. household consumer debt is reaching $12 trillion, a number that has actually increased three percent from last … [Read more...]
Health will be biggest retirement expense, says future retirees
When we think of our days spent in retirement, we usually daydream about sitting in a boat with a fishing rod, traveling overseas or going camping with our grandchildren. However, the reality of it all is that it may be spent looking after our health, according to a new poll that … [Read more...]
Marc Faber: Social media stocks in a bubble, investors must diversify portfolio
The Federal Reserve’s aggressive monetary policy initiative of low interest rates and money expansion has created a lucrative environment on Wall Street that consists of bubbles and massive speculation. One of these sectors that has fallen victim is the technology industry, … [Read more...]
SEC names former Treasury, Fed adviser Mark Flannery as chief economist
The Securities and Exchange Commission (SEC) announced in a press release Monday that it has named Mark J. Flannery as the newest chief economist and director of the Economic and Risk Analysis division (DERA), a section that offers interdisciplinary scrutiny to help bring up to date … [Read more...]
