U.S. Retail Sales Up Slightly in April, German Economy Grows
Online retailers helped to boost retail sales in April
The U.S. Census Bureau announced a 0.1% increase in U.S. retail sales in April, to $408.0 billion, representing also a 6.4% increase ...
President Obama on JP Morgan: ‘This Is Why We Passed Wall Street Reform’
A few hours after a top JPMorgan Chase executive was let go following a stunning $2 billion trading loss, President Obama told the hosts of ABC’s “The View” that the ...
Memo to the EU: Just Kick Greece Out Already
More of this awaits if the Greek problem is not fixed soon
Watching the Eurozone implode these days is like watching an old Dracula movie. A woman wanders down this dark path while ...
California Drowns in Debt but Preserves High-Speed Rail
Gov. Jerry Brown: Caviar on a ramen budget?
California is in trouble, with an estimated $16 billion worth of debt that Governor Brown is struggling to bridge. He is proposing to slash ...
Stocks Headed for a Brutal Week as Greece weighs on Market Investors
The Eurozone crisis will drag global stocks down this week
Stock futures are lower this morning as Greece continues to unravel politically. News from the Eurozone will likely drag ...
Greece Likely Headed for New Elections as Tsipras Exits Coalition Talks
With the failure of the major political parties to reach agreement on a coalition government, it seems that Greece will soon be headed for new elections.
They are likely to yield no ...
Facebook Co-founder Renounces U.S. Citizenship as IPO Approaches
If it looks and smells like tax evasion...
Eduardo Saverin, a Facebook co-founder has reportedly given up his U.S. citizenship as the company’s Initial Public Offering (IPO) approaches.
While ...
Paul Krugman Wishes He Had Been Wrong as the EU Rejects Austerity
Amid the stunning rejection of austerity in the Greek elections, Sarkozy’s loss in the French elections, and even Merkel’s losses in regional elections, it seems that Paul ...
Yahoo CEO Scott Thompson Resigns After Resume Scandal
Yahoo CEO Scott Thompson has finally resigned
It was just a matter of time before Scott Thompson, CEO of Yahoo was forced out after it was disclosed that he embellished his resume.
Thompson ...
Futuristic Hotel to be Built in a Disused Mine Quarry in China
This luxury hotel will be one of a kind
This week I came across a report on plans for a mind-bending futuristic hotel to be built in a disused mine quarry in China. The architect’s ...
Jobless Claims Report Surprises on the Upside
Job Numbers are still treading water in a choppy recovery
First-time claims for unemployment benefits surprised on the upside in the week ending May 5, as pessimistic expectations trailed ...
Greece’s Impending Exit from the Eurozone
Alexis Tsipras represents Greece's anti-austerity faction
The last week has featured frantic post-election efforts by the Greek political parties to form a governing coalition.
First ...
Jobless Claims Continue Falling
The jobs trend is now strongly positive
First-time claims for unemployment benefits continued falling in the week ending March 31, suggesting job growth in March.
The number of first-time ...
ADP Report Says 209,000 Jobs Were Created in March
The ADP report shows 209,000 jobs were created in March
Payroll processing firm ADP released its jobs report Wednesday showing an increase in jobs at U.S. businesses of 209,000 in March. ...
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