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New US Tariffs Hit Mexico, Canada, EU Nations
New U.S. tariffs on imports of steel and aluminum are set to hit European Union nations, Mexico, and Canada. Tariffs of 25 percent on steel and 10 percent on aluminum will be levied on imports from the three U.S. trading partners.... More of this article »
WSOP and Other Major Tournaments – New Strategies, New Winners
The World Series of Poker is without doubt the biggest poker event on the planet, and poker players need to start refining their strategy in preparation for the huge tournament at the Rio All Suite Hotel and Casino in Nevada. The ultimate... More of this article »
How Do Golf Majors Affect the Supporting Industry?
Golf Majors have reached a fulminant increase in the past few years, however, there is a series of factors that led to this. Which are they and what plans are prepared for most golf majors? Golf Majors Influencing the Economy? When... More of this article »
Animal Incidents Puts Brake On United’s PetSafe Animal Transport
United Continental Holdings Inc. (NYSE: UAL) has announced that it is no longer taking reservations for its animal-transport service for the time being. The carrier said it will honor existing reservations without accepting new ones.... More of this article »
Online Game Streaming is Finally Ready for the Big Time
Something curious is going on with our buying habits – we’re all choosing to give up ownership. Whereas once our houses were filled with records, CDs, books and books, we now access this entertainment online. It’s simple really.... More of this article »
What Does the Future Hold for Currency Markets?
The financial sector has been turbulent in 2017, to say the least. Both traditional and cryptocurrency markets have been shaken by unexpected twists and turns, which led plenty of small-time investors to call it quits. Still, two major... More of this article »
Jerome Powell To Succeed Janet Yellen As Fed Chair
Jerome Powell has been confirmed as the 16th chairman of the Federal Reserve. The post is considered the most powerful economic position in government. Powell’s term runs for four years. Powell, 64, was nominated for the post... More of this article »
Could Oprah Winfrey Become the Next President of the United States?
The current president of the United States has the lowest approval rating after one year in office than the past four leaders of the country did. Donald Trump has a rating of just 39 percent according to the BBC. His predecessor Barack... More of this article »
Twitter Finds Thousands More Russian-linked Accounts And Bots
Twitter (NYSE: TWTR) has announced the discovery of more than a thousand new accounts linked to the Internet Research Agency, a Russian “troll farm” suspected of attempting to interfere in the U.S. political process. To... More of this article »
Researchers Find More Connections In Creative Brains
Researchers have found that the brains of highly creative people have more connections when compared to the brains of less creative thinkers. The researchers also found that the highly-creative brains were better able to fire up these... More of this article »
7-Eleven Stores Raided In Immigration Enforcement Action
Nearly a hundred 7-Eleven convenience stores across the country were raided this week in an enforcement action by federal immigration agents. The Trump administration described the action as its largest enforcement operation against... More of this article »
Roy Moore Lawsuit Tossed, Doug Jones Certified Winner
Democrat Doug Jones has been officially declared the winner of Alabama’s special Senate election, after a lawsuit by Republican opponent Roy Moore was rejected by a judge. Moore’s lawsuit attempted to delay certification of the... More of this article »
Cuba Leader Raul Castro Postpones Retirement
Cuba’s leader, Raul Castro, will be postponing his retirement and will now step down in April instead of February. Castro, 86, had originally planned to retire on February 24, 2018, the end of his second five-year term. Now, the... More of this article »
Twitter Starts Widespread Suspensions Of “Hateful” Accounts
Twitter (NYSE: TWTR) administrators have begun suspending or closing social media accounts judged to promote hate, glorify violence, or threaten others. According to the company, hateful imagery includes logos, symbols, or images aimed... More of this article »
Walt Disney Co. To Buy Fox For $52.4B
Walt Disney Co. (NYSE:DIS) has reached a deal to buy the entertainment assets of Twenty-First Century Fox Inc. (NASDAQ:FOX), the media empire controlled by Rupert Murdoch, in an all-stock transaction. Disney will give Fox shareholders... More of this article »
Latest Employment Figures Show Economy Going Strong
The latest snapshot of the American economy was released on Friday. The Labor Department’s official hiring and unemployment figures for November show that 228,000 jobs were added last month. The number beat the estimates of Wall... More of this article »
Cuba Mystery Deepens With New Findings
Doctors have discovered brain abnormalities in the U.S. embassy victims of suspected attacks in Cuba. The doctors were searching for clues to explain the hearing, vision, balance, and memory issues suffered by the victims. The damage... More of this article »
US, South Korea Launch Joint Military Exercises
The United States and South Korea have launched their biggest-ever joint air force exercise. About 12,000 U.S. military personnel are participating along with South Korean troops. The joint exercise involves hundreds of aircrafts,... More of this article »
Smartphone Use Linked To Chemical Imbalance In Brain
A small new study suggests that excessive smartphone and internet use may harm the brain chemistry of teens. The study found an imbalance of chemicals in the brain of teenagers classified as “internet-addicted.” The research... More of this article »
OPEC Planning To Extend Oil Cuts To End Of Next Year
The Organization of Petroleum Exporting Countries has reportedly crafted a deal with several non-OPEC nations, led by Russia, to extend the current oil production cuts to the end of next year. Some details of the agreement are still... More of this article »
New Study Recommends Using Caution With Energy Drinks
Energy drinks have become a popular way for people to get a boost of energy during the day. They are marketed in convenient little packages with a single serving inside so you can take them on the go, making them simple to take whenever... More of this article »
Facebook Making New Moves Against Revenge Porn
In Australia, Facebook (NASDAQ:FB) has begun testing a new system that will allow users to upload revealing photos or videos directly to Messenger without the fear of those photos being used against them later as revenge porn. Partnering... More of this article »
Lennar To Buy CalAtlantic For Nearly $6 Billion
Two of the nation’s biggest residential-construction companies have announced that they are joining forces. The Lennar Corporation (NYSE:LEN) announced that it would buy the CalAtlantic Group (NYSE:CAA) in a stock-and-cash deal worth... More of this article »
Twitter Tops Estimates For The Third Quarter
Twitter Inc. (NYSE:TWTR) beat sales estimates in the third quarter of its fiscal year. Twitter reported its net loss narrowed to $21.1 million, or 3 cents a share, in the quarter. On an adjusted basis, the company reported profit of... More of this article »
Netflix To Issue Bonds To Fund New Content
Video streaming service Netflix (NASDAQ:NFLX) has announced plans to spend up to $8 billion on new shows next year, up from a previous target of $7 billion. According to chief content officer Ted Sarandos, Netflix plans to release... More of this article »
Subscriber Losses Hammer TV Providers’ Stocks
Rising prices for traditional TV bundles are increasingly driving customers away from traditional TV. AT&T said it lost 90,000 video subscribers in the U.S. in the third quarter, a steeper drop than the same period last year.... More of this article »
Yahoo Updates Number Of Compromised Accounts
Yahoo has updated the number of accounted breached during a 2013 data theft. The company now says all 3 billion of its accounts were hacked, tripling its earlier estimate. Last December, Yahoo said that data from more than 1 billion... More of this article »
Equifax To Offer Free Credit Locking Service
Equifax (NYSE:EFX) has implemented new measures to make it easier for consumers to control access to their credit records. Equifax is implementing a new credit lock service that will be free for life. New Equifax Chief Executive Officer... More of this article »
Boeing Wins Ruling Against Bombardier Subsidies
The U.S. Commerce Department levied duties of nearly 220 percent on Canada’s Bombardier C Series aircraft sold in the United States. The Commerce department ruled that Bombardier was selling jets at artificially low prices in... More of this article »
Pfizer Files Lawsuit Against Johnson & Johnson
Pfizer Inc. (NYSE:PFE) has filed a lawsuit against Johnson & Johnson (NYSE:JNJ), accusing the company of anticompetitive practices. Pfizer claimed J&J was taking steps to block the sale of a drug called Inflectra, Pfizer’s... More of this article »
Walgreens To Make Modifications To Rite Aid Deal
Walgreens Boots Alliance Inc. (NASDAQ:WBA) is reportedly planning to modify its agreement to buy Rite Aid Corp. (NYSE:RAD) stores to resolve outstanding antitrust concerns. The companies and the Federal Trade Commission are close to... More of this article »
Women Hit Google With Pay Discrimination Suit
A lawsuit has been filed against Google, accusing the company of discriminating against female employees on pay and promotions. The lawsuit claims, “Google has discriminated and continues to discriminate against its female employees... More of this article »
Petland Puppies Linked To Illness Outbreak
A multistate outbreak of Campylobacter infections has been traced to puppies sold at Petland pet stores. The Centers for Disease Control and Prevention says that lab tests and epidemiological findings have linked the illnesses to Petland.... More of this article »
HP Enterprise Beats Expectations For Fiscal Third Quarter
Hewlett Packard Enterprise Co. (NYSE:HPE) reported better-than-expected quarterly earnings and revenue in its fiscal third quarter ended July 31. HPE said that it earned 31 cents a share for the quarter, which topped analysts’ forecasts... More of this article »
Hurricane Irma Alters Plans For Cruise Line Passengers
Hurricane Irma has intensified into a Category 5 storm, the highest designation, and is carrying winds of 180 mph. The storm is believed to be the strongest hurricane ever to hit the Atlantic outside the Caribbean and the Gulf of Mexico.... More of this article »
1.4 Million More Suspect Accounts Add To Wells Fargo’s Woes
Wells Fargo & Co. (NYSE:WFC) has raised its estimate for how many bogus accounts employees may have created by nearly 70 percent. Wells Fargo said an internal review uncovered a total of 3.5 million potentially fraudulent bank... More of this article »
Uber To End Tracking After Rides
Uber Technologies Inc. is saying it will end a controversial policy of tracking some riders for five minutes after their trip ends. The policy has been under fire since it was introduced last November. An update to the app made then... More of this article »
Ford And Domino’s Pioneering Driverless Pizza Delivery
Ford Motor (NYSE:F) has announced plans to partner with pizza maker Domino’s (NYSE:DPZ) to test pizza delivery using self-driving cars. Russell Weiner, president of Domino’s USA, said, “We are delivery experts. This is where... More of this article »
Uber’s Search For New CEO Almost Over
Uber Technologies Inc.’s search for new chief executive may be nearly over. The ride-hailing company’s board is planning to vote on the choice shortly, according to people with knowledge of the process. Over the weekend, the eight... More of this article »
Amazon Reveals Plans For Whole Foods After Merger
Amazon.com Inc. (NASDAQ:AMZN) and Whole Foods Market (NASDAQ:WFM) have announced a number of changes that will come with the closing of their merger. Amazon’s $13.7 billion acquisition of Whole Foods will close on Monday August... More of this article »
Seattle is Now a Bike-Sharing Industry Leader
Seattle, Washington has long been known for its cloudy days and great coffee. However, the city has another new distinction – bike-sharing hotspot. Less than five months ago, the city shut down its struggling bike-sharing system,... More of this article »
Analysts Say Victoria’s Secret Is Not Aware of Shoppers’ Wants
Victoria’s Secret is moving ahead with its plan to introduce more of its padded bras during the 2017 second six months. Parent company L Brands Inc. said Victoria’s Secret was maintaining its plan to push its constructed bras in... More of this article »
Walmart Same Store Sales Up, Purchases Online Increase 60%
Walmart reported on Thursday sales and earnings for its second quarter that beat Wall Street expectations, with the big-box retailer continuing to grow its business online. Fresh new digital initiatives along with an increase in the... More of this article »
Dick’s Sporting Goods Stock Hit by Poor Sports and Gun Sales
During trading on Tuesday afternoon, Dick’s Sporting Goods shares plunged after the sporting goods retailer came up short of expectations and cut its forecast for earnings. The price of Dick’s shares plunged 18% after gains during... More of this article »
Fosun and Shanghai Pharmaceuticals Bid for Arbor Stake
Shanghai Pharmaceuticals Holding Company and a unit of Fosun Group in China are amongst the bidders to acquire a stake in Arbor Pharmaceuticals LLC a U.S. based specialty drug maker, the companies announced on Monday. The bids have... More of this article »
Modest Increase in Consumer Prices Might Delay Rate Hike
Consumer prices in the U.S. rose in July just slightly as the cost of food increased but was offset somewhat by dropping prices of a host of other goods, but suggesting the existence of benign inflation that might persuade the U.S.... More of this article »
Amazon May Begin Selling Tickets to Events
Amazon might start selling event tickets, says a new report by an international news agency. The giant in e-commerce has studied the ticket sales space, which for the most part is dominated in the United States by Ticketmaster owned... More of this article »
Sales at Macy’s Drop for the Tenth Consecutive Quarter
On Thursday, iconic department store chain Macy’s announced that is comparable sales had dropped by 2.8% during its second quarter. That marked the tenth straight three-month period of declines for the department store retailer. However,... More of this article »