The longstanding Keystone XL pipeline could face delays and opposition once again. Late last month, the United States Senate voted in favor of approving the Keystone XL pipeline. The Republican-led Senate voted 62-36 to avoid the Obama administration's review Keystone, which was … [Read more...]
Staples Shares Tumble on Office Depot Merger
Investors woke up Wednesday to news that Staples has agreed to purchase Office Depot in a massive $6.3 billion deal, which would include cash and stock. If the merger is approved, it would unite the two largest office supply retailers in the United States. The proposal, one that … [Read more...]
Should You be a Gold Bull or Bear in 2015
Is gold a bear or a bull in the near-term? It all depends on who you ask. For the past two to three years, gold has been involved in a precarious situation. Last year, it started off the year strong, which may have been a hint that it would exponentially climb again. That did not … [Read more...]
Did Cutting Unemployment Benefits Create 1.8 Million Jobs?
It has long been argued by free market economists that unemployment benefits deter individuals from seeking out jobs. This line of reasoning is what has prompted governments to institute certain rules and regulations behind attaining jobless benefits and keeping them for as long as … [Read more...]
Comcast Change Customer’s Names to ‘Asshole’ and ‘Dummy’
When you decide to call your cable, telephone or Internet provider for customer service, don't be surprised the next time you open your bill and find that your name has been changed to something rather insulting. This is what happened to one Spokane, Washington couple, who canceled … [Read more...]
Consumer Spending Falls to Lowest Level Since 2009
We reported last week that not even lavish holiday spending could save fourth-quarter gross domestic product numbers. Well, it seems that the lure of Christmas shopping couldn't prompt consumers to whip out their wallets and rev up the United States economy. The Department of … [Read more...]
Q4 GDP Slow Down Temporary or Sign of Things to Come
Holiday sales, widespread travels and the Christmas spirit couldn't save the United States economy in the fourth quarter of last year as the gross domestic product took a dive, surprising many analysts who expected higher growth. According to the Department of Commerce, the U.S. … [Read more...]
Online Streaming Steals More Time Warner Cable Subscribers
Time Warner Cable (NYSE:TWX) has reported yet again that it has lost cable subscribers. This has been the trend for many cable companies as its younger customer base persists in cutting the cord and signing up for online streaming services like Netflix or Hulu. The New York-based … [Read more...]
Tim Hortons Corporate Inversion Brings Pink Slips
Just six weeks after the controversial deal between Burger King (3G Capital) and Tim Hortons was completed, it was announced by the iconic Canadian coffee chain that it would be laying off scores of employees from its corporate headquarters in Oakville, Ontario. In addition to its … [Read more...]
Fed May Signal Mid-year Rate Hike Despite Growing Doubts
A struggling labor market, falling oil prices, low inflation and less-than-stellar labor market. These may be reasons as to why a central bank in today's economic environment may refrain from raising interest rates, but the Federal Reserve may continue to hint that it's boosting rates … [Read more...]
‘Bitcoin Gets Big Boost’ Regulated Exchange Open Today
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...]
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...]
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...]
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...]
