One year after the world's largest bitcoin exchange platform, Mt. Gox, shut its doors and filed for bankruptcy, and a month after Bitstamp suspended its trading services, the very first United States-based bitcoin exchange is set to open Monday. The newest peer-to-peer … [Read more...]
Cheap Gas is Here, 6 Year Low is Upon Us
Motorists rejoice, at least for now. The price of gasoline in the United States is at lowest level since Apr. 2009. In the past two weeks, the average price of U.S. gas declined 13.3 cents, which is a six-year low, according to a new Lundberg survey published Sunday. In the survey … [Read more...]
Is Samsung Still Trying to Acquire BlackBerry
Business outlets were abuzz Wednesday evening when Reuters reported that Samsung placed an offer on the table to purchase BlackBerry. A source close to the situation told the newswire that Samsung is offering between $13.35 and $15.49 per share, or $7.5 billion, to buy BlackBerry, … [Read more...]
Google Inc. Chairman Eric Schmidt Says ‘The Internet Will Disappear’
Before you know it, the Internet will cease to exist. But it's not what you think. Google Inc. (NASDAQ:GOOG) Chairman Eric Schmidt spoke during a panel in Davos, Switzerland at the World Economic Forum, where he was asked for his thoughts on the future of the Internet. He said … [Read more...]
Top Russian Official Blames West for Moscow Crisis
Are the Russian people so dedicated to President Vladimir Putin that they will actually "eat less" throughout these times of crisis? That's what one top Russian official proclaimed in Davos, Switzerland during the World Economic Forum on Friday. Russian Deputy Prime Minister Igor … [Read more...]
Bank of Canada Shocks Investors with 0.25% Interest Rate Cut
The Bank of Canada (BoC) stunned markets Wednesday when it announced a reduction of interest rates by 0.25 percent to a near record low of 0.75 percent, a move that will lower borrowing costs. BoC Governor Stephen Poloz cited the possibility of weak economic growth and the threat of … [Read more...]
ECB Pushes Ahead With Massive 720 Billion Euro Stimulus
The European Central Bank (ECB) introduced the latest round of measures to revive the lifeless eurozone economy. ECB President Mario Draghi announced Thursday it will acquire 60 billion euros ($69 billion) each month in government bonds in order to suppress interest rates and inject … [Read more...]
World’s Richest Will Control 50% of Global Wealth by 2016
The top one percent in the world today will soon own more than half of all the globe's wealth by 2016, according to a new Oxfam International reported released Monday in Davos, Switzerland at the World Economic Forum. The report is already generating immense headlines and media … [Read more...]
HealthCare.gov Sharing Your Information for Profit
Since its inception, HealthCare.gov has been marred with controversies, which then showered the Obama administration with immense criticisms. The latest one may have even more Americans dismayed. According to a new Associated Press report, which was later confirmed by the … [Read more...]
Marriott Testing Netfix Service in Hotel Rooms
Years ago, it was a special treat when hotel rooms offered cable television and perhaps even HBO. Recently, hotel chains began to provide free Wi-Fi so businessmen can access the Internet. Now, customers may be able to view Netflix throughout their stay. It was reported Wednesday … [Read more...]
25 of the Best Fool Proof Passwords… [Insert Sarcasm Here]
Jimmy Kimmel did a segment the other night in which he asked people on the street how they choose their passwords. Many of them use simple tricks, such as a name of a pet and then a birthdate. The interviewer was clever enough to get these people to actually reveal their passwords on … [Read more...]
Facebook Makes Noticeable Impact on Overall Global Economy
The social networking juggernaut Facebook is adding more than $200 billion to the international economy. Like. A new study by consulting firm Deloitte & Touche that Facebook commissioned has discovered that the social media outlet has a worldwide economic impact of $227 billion … [Read more...]
U.S. Government Hacked North Korea Prior to Sony Incident
For a couple of months now, the North Korean government was lambasted for allegedly hacking the computer data from Sony Entertainment because of its scheduled release of "The Interview." However, it is now being learned that the United States government had infiltrated the oppressive … [Read more...]
MySpace Still Kicking Butt in Social Media Niche
In the infancy days of social media, MySpace reigned king and was the go-to site for millions of people to connect with friends and share photos. The company remained complacent, however, and was eventually overtook by Facebook and an array of other social networks. After … [Read more...]
U.S. Startup Funding Biggest Since Dot-com Boom
Is it déjà vu all over again in the United States? Is the U.S. economy going through another tech boom period that may result in a complete collapse in the overall stock market? According to new data released by the National Venture Capital Association and PricewaterhouseCoopers, … [Read more...]
Shrinkflation: Coke, Pepsi Shrinking Soda Cans and Cost More
In the last couple of years, consumers have been noticing that the products they purchase are getting smaller but they still cost the same, or even more. This isn't a conspiracy. Items are shrinking in size and come with a price-tag that's the same or higher. It is known as … [Read more...]
CFPB Launches Mortgage Tool to Help Find Best Rates
With the housing market slightly recovering from its collapse a few years ago, Americans are searching to purchase a home again, but are they going about it in the right way? A new survey suggests potential homebuyers aren't. According to a study by the Consumer Financial … [Read more...]
OPEC Will Not be Slashing Oil Output to Support Prices
The Organisation of the Petroleum Exporting Countries (OPEC) will not be reducing its oil output in order to support prices as the price of oil has fallen to $45 per barrel, says one United Arab Emirates official. UAE energy minister Suhail bin Mohammed al-Mazroui told a Gulf … [Read more...]
Samsung May Introduce Windows Phone
Samsung has been keeping pace with the Apple iPhone in the global smartphone market. A part of the reason for these gains is because of Google's operating system, Android. However, Samsung is reportedly planning to launch a Windows Phone in order to reduce its dependence on the … [Read more...]
Affluent Believe ‘Poor Have it Easy’ Today
Since the financial collapse a few years ago, there have been a number of topics that have dominated political discourse: income inequality, the rich paying their fair share, the welfare system and a greater redistribution of wealth. These have been talked about incessantly, and a … [Read more...]
