This week, the Federal Reserve's Federal Open Market Committee (FOMC) will meet. When the notes are released it'll likely be more of the same: an improved economy, a robust labor market and a slump in housing. At the end of it all, the United States central bank will refuse to confirm … [Read more...]
Burger King Move Would Generate $1 Billion in Tax Savings
This past summer, Burger King and Tim Horton's generated big headlines after the United States burger franchise announced it would acquire the iconic Canadian coffee chain. As part of the acquisition, Burger King would move its headquarters to Canada, a move that had many accuse the … [Read more...]
Poll: Most Americans Won’t Clear Debt Before They Die
The economic recovery may be revving up, but a growing number of Americans are still attached to the shackles of enormous debt levels. A new poll finds that consumers are so overwhelmed with debt that they feel they may not pay it off no matter how long they live. According to a … [Read more...]
Microsoft’s Accepting Bitcoin for Windows & Xbox Purchases
Microsoft (NASDAQ:MSFT) has now become the latest big brand to begin accepting the peer-to-peer decentralized virtual currency bitcoin. The Redmond, Washington-based company will allow customers to use the digital currency to purchase Windows, the Windows phone and Xbox … [Read more...]
IRS Conned Out of $6 Billion in Fake Child Care Credits
A new report from a government watchdog discovered that the Internal Revenue Service (IRS) paid out between $5.9 billion and $7.1 billion in bogus child care credits last year to individuals who were not eligible to receive them in the first place. According to an audit by J. … [Read more...]
Russia’s Medvedev “Russia Never Recovered from Economic Collapse”
Since the Ukraine-Russia conflict began earlier this year, the West has led the charge in applying sanctions against the Russian Federation. This has created numerous setbacks for the nation's economy and tremendous devaluation of the rouble. In retaliation, Russia has instigated … [Read more...]
Now You Can Customize Your Own Burger at McDonald’s
The iconic fast-food burger chain McDonald's (NYSE:MCD) has been experiencing a decline as its shares have fallen, same-store sales are taking a dive and millennials are abandoning the restaurant in favor of healthier options served by its competitors. McDonald's has been attempting … [Read more...]
Amazon Continues to Innovate With New ‘Make an Offer’ Feature
Amazon introduced a new option Tuesday called "Make an Offer," a program that allows customers to bid for lower prices on more than 150,000 products sold by third-party vendors. The products range from fine art to rare coins, from sports memorabilia to entertainment … [Read more...]
U.S. Economy to Grow, Inflation to Tumble in 2015
The United States economy is expected to continue to grow heading into next year, while inflation will slow down, says a new survey released by the Federal Reserve Bank of Chicago. The growth of the economy is projected to decrease the unemployment rate, according to … [Read more...]
Japan’s Economic Contraction Worse Than Forecast
Japan's economic woes continue to get worse after it was reported that the nation's third quarter contraction was actually worse than initially reported. According to Reuters, the Japanese economy declined 1.9 percent in the July-to-September period, down from the 0.5 percent figure … [Read more...]
Possible Bank of England Rate Hike Could Hurt Britons
Will the Bank of England (BOE) raise interest rates or will it continue to delay the inevitable? This has been the debated question throughout most of 2014. As Great Britain heads into the new year, millions of consumers are concerned as to whether or not BOE Governor Mark Carney … [Read more...]
Ex-governor Says Increase Gas Tax While Price is Low
Consumers are riding a wave of momentum right now amid lower gas prices. Most business analysts and government studies suggest this trend will continue into next year, too, which will permit consumers to have additional cash in their pockets. However, this may not last too long if the … [Read more...]
Experts Say Brace for Lower Gold Prices Next Year
For the second consecutive year, the price of gold has been lackluster, and heading into next year, many financial analysts forecast the yellow metal to not have much of a stellar year either. In the past month, there have been numerous predictions as to what the price of gold will … [Read more...]
Global Wage Growth Has Taken a Nosedive
The International Labor Organization (ILO) published the results of a new report that found stagnant wage growth in developed nations has actually reduced global wage growth and could very well diminish economic growth worldwide. According to the report, international wage growth … [Read more...]
Treasury Department Says Banks Need Cyber Risk Insurance
Amid a plethora of cyber infiltrations, data breaches and hacking threats, one United States Treasury Department official is urging financial institutions to adopt cyber risk insurance in order to deal with these potentially catastrophic risks. Speaking at an industry conference … [Read more...]
ECB Won’t be Adjusting Interest Rates
The European Central Bank (ECB) announced Thursday it has decided to keep its interest rates unchanged. The central bank left its primary interest rate - the cost of borrowing at its conventional loans - at just 0.05 percent. The ECB also kept its deposit rate at -0.2 percent, which … [Read more...]
Jeff Bezos Made ‘Billions of Dollars of Failures’
This year, online retail juggernaut Amazon (NASDAQ:AMZN) released its much anticipated Fire Phone. The company had high hopes for the smartphone, including CEO Jeff Bezos. Unfortunately for the corporation, it is now considered one of the biggest blunders coming out of Seattle, … [Read more...]
Nations Hit by Ebola Can Expect Poor Economic Growth in 2014
A new report issued by the World Bank Tuesday shows that the organization has modified its decreases in its 2014 gross domestic product growth estimates for the three nations that were the most affected by the outbreak of the Ebola virus. The World Bank stated that Guinea, Liberia … [Read more...]
Fed Warns Inflation Drop Could Delay Rate Hike in 2015
The general consensus on Wall Street is that the Federal Reserve will undoubtedly raise interest rates sometime in the middle of next year, citing an improving labor market and the Fed hitting its targeted inflation levels. However, due to a decline in oil prices, some economists and … [Read more...]
On-demand Cleaning Service Helpling Raises $17 Million
Moving forward, Helpling will do for home cleaning what Uber did for ride-sharing and what Airbnb did for room-sharing, says the Berlin-based Rocket Internet in regards to its on-demand cleaning service. The company announced that it has raised $16.8 million from investors in its … [Read more...]
