Russia is the world’s top energy exporter, extracting and selling billions of barrels of crude oil and natural gas; a huge amount of the national budget (and therefore the method of payment for social services, the military, and much more) is paid for on taxes on these fossil fuels. So there are few countries that Read More…
Facebook released its 2nd quarterly earnings yesterday, with some big shocks followed by a drop in stock prices. Facebook has grown at an almost unprecedented pace since inception, and now their growth problem is that almost everyone already has a Facebook account, so they need to target other opportunities outside their core browser application and Read More…
Barclay’s financial analysts are regarded as some of the best in the world; it is no coincidence that they are one of the most respected capital management firms around. Usually when they make a recommendation, there is a good reason. Today they have made a recommendation that came as a surprise; Google (), Facebook (), Read More…
Just a few years ago Gold was considered one of the safest investments one could make; politicians were arguing to resume backing US currency in Gold, “Cash For Gold” commercials and pawn shops sprouted up across every corner of the United States, and investors were putting more and more money into the precious metal as Read More…
GlaxoSmithKline, also known as Glaxo, or GSK, is one of the world’s leading pharmacutical manufacturers, producing billions of dollars of medication per year. Since 1987, they have been working on the development of a vaccine for Malaria, one of the world’s deadliest diseases. Malaria is thought to have killed more humans than any other cause Read More…
General Motors (Click Here for Quote) has doubled its year-on-year earnings, thanks mostly to a huge uptick in demand for its trucks. The auto maker has long paid off its loans from the government taken out during the financial crash, and has been rapidly expanding in foreign markets over the last few years. Specifically, China Read More…
Some of the biggest oil producers in the United States are starting to get into bigger and bigger trouble as they have been struggling to cope with the crash of oil prices in the last few years. Across the middle of the United States, between Texas and North Dakota, shale oil drilling and extraction, known Read More…
Inflation is up in the latest Consumer Price Index report, showing the first total-year increase since the financial crash. Prices increased about 0.3% in June, and 0.4% in May. This increase in prices is welcomed by many economists and analysts; raising prices is a good sign that the economy is growing. The Federal Reserve Bank Read More…
More good news for the US labor market, Jobless Claims have resumed their decent last week, after 3 weeks of climbing. This continues to signal that the US economy is beginning to see strong growth, not just recovery, in the job market after several years of being plagued by high unemployment after the 2008 financial Read More…
The Chairwoman of the Open Market Committee of the Federal Reserve Bank, Janet Yellen, announced today that the prime lending rate will almost certainly be increased this year, based off strong labor market data and economic growth around the United States. The Federal Funds Rate has been set near 0% for the past several years Read More…
We have been giving a lot of attention to Greece and China recently in our “Top Stories”, and with good reason! Greek debt has been spiraling outwards since the financial crash in 2008, but there has been severe resistance to “austerity measures” (another way of saying spending cuts, usually targeting social programs like retirement pensions) Read More…
China’s stock crash and Greece’s debt crunch have been dominating news in the last couple of weeks, but these two stories have been making large waves, it seems, because they are the global outliers, not the norm. Thanks to increasing domestic demand, and continued support from central banks, economies around the developed world have been Read More…
If you follow our news stories at the top of the page, you may have noticed that a lot of the unemployment stories we focus on are generally good; US jobless claims have been falling drastically over the last 6 months, US overall unemployment rate is the lowest it has been since 2008, and the Read More…
On Wednesday, the DOW fell over 150 points in the morning, in large part due to investor confidence being severely shaken by the massive selloff in China, and the aftershocks of the Greek referendum. Investors around the world are reeling form these two combo-shocks, we have talked about some of the causes of the Chinese Read More…
In a landslide, the Greek voters rejected the terms of the European Union bailout package on July 5th, 2015. The vote was whether or not to accept the terms laid out by European creditors, namely France and Germany, to get Greek finances in order as a condition for further loans from the European Central Bank. Read More…
The Greek financial system was nearing the brink of collapse early Monday morning as banks were closed and capital controls have been placed over government bodies as they prepare for the last round of efforts to keep themselves in the Euro Zone. Greece has pledged to hold a referendum on July 5th to approve the Read More…
The Supreme Court has voted 6-3 to uphold the Affordable Healthcare Act, commonly known as Obamacare, in a landmark decision that effectively killed the last efforts of conservative lawmakers to have the law removed. This battle has been continuing for years; almost since Obama’s inaguration speech lawmakers on both sides of the isle have been Read More…
The world’ biggest brewer is trying to stay at the top spot! Anheuser-Busch InBev has been the top dog for beer for the past few years, with its flagship beers in the United States, Budweiser and Bud Light, ranking as the most common across the nation. However, “most common beer” is meaning less and less Read More…
Walmart is not the only major retailer to be increasing their minimum wages for all employees; Ikea has increased their minimum wages for US workers for the second year in a row. Both major retailers reported much lower labor turnover rates after increasing the wages. However, Ikea, unlike Walmart, offers its wage increases based off Read More…
Over the past few years, student protest movements from around North America and Europe have been pressuring their universities to “divest”, or pull all their money out, from companies that make their money on fossil fuels. The argument has always been that the multi-million dollar endowments managed by the schools should not be complacent in Read More…