Cart

0

Economy

“U.S. oil plunges 25% to trade below $13 a barrel to start another punishing week”

“June West Texas Intermediate crude CLM20, -26.62%, the U.S. benchmark, lost $4.20, or 25%, to trade at $12.69 a barrel, following a 32.3% decline for the week—its biggest such decline on record—for the commodity and a landmark plunge in the now-defunct May contract,… Continue Reading…

Business, Economy

“US payrolls plunge 701,000 in March amid the start of a job market collapse”

“Nonfarm payrolls dropped by 701,000 in March, according to Labor Department numbers released Friday that only begin to show the economic damage wrought by the coronavirus crisis. It was the first decline in payrolls since September 2010 and came close… Continue Reading…

Economy

“Layoffs Are Just Starting, and the Forecasts Are Bleak”

“Marriott International, the hotel operator, said Tuesday that it would begin furloughing tens of thousands of employees worldwide. Restaurants, coffee shops, gyms and other small businesses have begun laying off workers outright. On Monday, a flood of inquiries from newly… Continue Reading…

Banking, Economy

“Fed launches 2 emergency programs last seen in 2008 crisis”

“The first, announced mid-morning, is intended to unclog a short-term lending market for what is known as “commercial paper.” Large businesses issue commercial paper, which is essentially the equivalent of an IOU, to raise cash to meet payrolls and cover… Continue Reading…

Banking, Economy

“The Fed to start buying Treasurys Friday across all durations, starting with 30-year bond”

“In an announcement Friday, the central bank said it was accelerating to Friday purchases it announced a day before. The move comes in response to market demand that the Fed act immediately to quell what has been an extraordinarily volatile… Continue Reading…

Banking, Economy

“Citi starts bank earnings on a positive note thanks to buybacks”

“Citigroup kicked off bank earnings season on Monday with solid results that were boosted by a splurge in share buybacks. The stronger-than-expected earnings from Citi (C) suggest America’s big banks continued to chug along during the second quarter in the face of a challenging economic… Continue Reading…

Economy

“New York, California high-tax state exodus just beginning, expert warns”

” The cap on state and local tax (SALT) deductions has already begun to driveOpens a New Window. some residents away from high-taxOpens a New Window. states like New York and New Jersey, but experts say that trend is only going to intensify… The… Continue Reading…

Predictions, Opinions, & Comments, Stocks

Penny Stocks: How Much Is Needed To Get Started?

Many say penny stocks (Three dollars and under) are dangerous but if you’re a brave soul such as myself you might want to consider them as an option. If you succeed you can make some good money really quickly. That… Continue Reading…

Business, Economy, Stocks

Big Tech Companies To Be Broken Up? Anti-Trust Fight Begins

“Last month, Sen. Elizabeth Warren made headlines by releasing a plan to break up tech giants like Facebook, Google and Amazon… Americans for Prosperity, a political advocacy group backed by billionaire Charles Koch, is currently running a two-week long targeted… Continue Reading…

Business, Personal Finance, Predictions, Opinions, & Comments

The Cost Of Starting A Business, The Risks, & Examples [Created 3/22/19]

This may end up being the most important entry I’ve created on this website. If you’re curious about starting a business stick around. I’m about to reveal some of the downsides of it and what to expect. Most of the… Continue Reading…