Over the course of the next seven years, the international automotive industry is projected to expand as production will increase by 21 million units to 106 million units each year. As the industry continues to recover from the global financial downturn a few years ago, China will … [Read more...]
USPS ends second quarter with net loss of $1.9 billion
The United States Postal Service (USPS) recorded a second quarter net loss of $1.9 billion, which is now the 20th of the past 22 quarters that the nation’s postal service has reported a loss, according to an issued press release. The USPS’s fiscal second quarter loss was higher … [Read more...]
Global warming will create higher costs at grocery stores
According to a new White House National Climate Assessment report, the United States is already experiencing the effects of global warming (or climate change). Financial experts say that the change is climate is causing more than environmental threats, but also a risk to your … [Read more...]
Federal Reserve weighs in on minimum wage debate, warns of job losses
This week, the minimum wage debate was been kicked in to overdrive after fast-food workers across the country began protests and former Massachusetts Republican Governor Mitt Romney argued in favor of increasing the minimum wage. After months of policy debates and reports, will the … [Read more...]
Buy your own ski resort for $1.40 in Austria
Have you ever wanted to own a ski resort? Just imagine: skiing the slopes, cuddling up by a fire, drinking a cup of hot chocolate and enjoying the sights and sounds of nature. Well, now you can for a buck and some change. The small Austrian ski resort located in the southern … [Read more...]
Federal Reserve: Skipping college will mean losing out on $800,000
Years ago, post-secondary institutions and public officials touted that if students were to attend university then they can earn $1 million more than a non-university graduate. That figure has since been disputed because the number was distorted due to the growing number of … [Read more...]
Sri Lanka’s textile, garment exports up 6.6% to $396 million
The Economics Research Department of the Central Bank of Sri Lanka published a report entitled "External Sector Performance," in which it highlighted that the South Asian country’s earnings from textiles and garments exports rose 6.6 percent to $396.2 million in the month of February, … [Read more...]
NJ Governor proposes e-cigarette tax to tackle $807 million deficit
New Jersey Republican Governor Chris Christie is proposing a new tax on electronic cigarettes, also known as e-cigs, in order to reduce the $807 million budget deficit. The Garden State would allocate the estimated $35 million in revenues into the pot of general spending. Christie … [Read more...]
Jim Rogers believes gold will hit bottom again in next two years
Jim Rogers, founder of the Rogers International Commodity Index and bestselling author of "Hot Commodities," has long been a proponent of precious metals and a staunch critic of the Federal Reserve System and its monetary stimulus. He sat down with HardAssetsInvestor.com late last … [Read more...]
Eurozone youth unemployment rate stands at 23.7% or 19 million people
Last week, new employment data in Europe was published and reported that the eurozone’s seasonally-adjusted unemployment rate was 11.8 percent in the month of March. According to Eurostat, the European Union’s statistics office, close to 19 million people remain unemployed in the … [Read more...]
U.S. Department of Defense to study bitcoin as potential terrorist threat
For close to a year now, governments, central banks and law enforcement agencies have been quite blunt in their viewpoints that bitcoin and other digital currencies are associated with illicit transactions and criminal activities, such as money laundering and terrorism financing. The … [Read more...]
Study finds people like food better if they think it’s expensive
Let’s face it: we all like going out to eat at a nice restaurant once a while – for some, more than others. Sometimes the food is worth the price, while during other occasions we ask ourselves if the meal was even worth the $30 (plus tip). Well, according to a new study, our liking of … [Read more...]
Congressional data finds 67% of Obamacare enrollees have paid their premiums
Data gathered by the United States House Energy and Commerce Committee highlights that 67 percent of Americans enrolled in the Obamacare marketplace had paid their first monthly premium (as of Apr. 15). Many critics of the Affordable Care Act (ACA) say the enrollment process isn’t … [Read more...]
Report says Toyota transferring U.S. sales group to Texas
Is Texas the true "model of success?" Latest potential news could solidify the Lone Star State as the economic hub of the United States. According to Automotive News, unnamed sources close to the situation say that Toyota Motor Sales U.S.A. is transferring its sales and marketing … [Read more...]
Federal Reserve likely to continue QE taper citing improved economy
This week, members of the Federal Open Market Committee (FOMC), including Federal Reserve Chair Janet Yellen, will hold a meeting over its monetary policy initiative. Experts suggest the Fed is signalling that it will continue with further tapering of its monthly bond-buying … [Read more...]
Federal Reserve data: Americans have more than $850 billion in credit card debt
Despite the total amount of credit card debt decreasing since the Great Recession, Americans are still drowning in it and addicted to credit. According to economic data published by the Federal Reserve, credit card debt totals nearly $850 billion – it dropped by $2.4 billion in … [Read more...]
Legalized marijuana adding much-needed revenue into state coffers
Green with envy? This past January, the states of Colorado and Washington legalized the sale of marijuana designed for both medicinal and recreational usage. The two states permit licensed shops to sell marijuana to anyone over the age of 21. The change has caused tremendous … [Read more...]
Americans not heading to stocks amid low interest rates, Fed stimulus
Finance experts and market analysts are encouraging investors to put their money into the stock market as numerous stocks are hitting record highs. Wall Street is also pleased because the Federal Reserve will likely keep interest rates low for until at least until late 2015 and its … [Read more...]
Tesla to manufacture cars in China within next four years
Speaking at a crammed Geekpark Conference in Beijing on Monday, Tesla Motors CEO Elon Musk said that the company will begin to manufacture vehicles in China within the next three to four years. Also, Tesla will begin establishing a large network of battery-charging stations in the … [Read more...]
Robert Shiller says investors should buy stocks, others warn market is in a bubble
Since the economic downturn and the beginning of the Great Recession, the United States stock market has somewhat rebounded primarily due to monthly stimulus courtesy of the Federal Reserve. Whatever the reason is for the increase in stock prices, one economist is urging investors to … [Read more...]
