It was a very turbulent day for US stocks yesterday as the Dow saw an unprecedented 1,000 point decline when the market opened on Monday and finished the end of the day with a loss of almost 600 points. Much of the problems come from fears about the economic slowdown in China though a comeback nearly managed to restore the losses. The 588 point decline was the worst seen on the Dow since August 2011 and comes amid markets around the world reacting to the problems with the Chinese economy for … [Read more...]
Happy Black Friday
November 28, 2021 By
The United States of America, as suggested once by the great David F. Wallace, is ostensibly nothing more than one giant shopping mall. So grab the credit card, fill that SUV up with gas, and fight for that parking spot near Macy’s that finally opened up after several laps around the lot and countless times of second guessing yourself and asking, “Why the hell am I at the mall today?” The answer to that question: the deals. Department and retail stores across the country will unleash a … [Read more...]
Increased Jobs A Good Sign
July 2, 2022 By
According to a report issued by a research arm of the largest payroll service in the country, the private sector has increased hiring, an indication that the economy may be growing. During these trouble times, many look to the government to offer solace and good news concerning the economy. However, on Wednesday, ADP Research Institute released a report which claims that companies in the private sector in the United States added over 280,000 employees to their payrolls in the month of June, much … [Read more...]
Gas Prices Make Summer More Expensive
June 28, 2022 By
On the calendar, June 21 2014 was the first day of summer in the United States. However there are many different unofficial starts to the normal vacation season in the country. Some classify Memorial Day as the unofficial beginning of the season, while others look to July 4th as the beginning of their summer. Usually, schools end during the month of June, and that marks the beginning of the summer holiday for children, so for many families it is recognized as the start of summer. … [Read more...]
Bank of America cuts 540 asset servicing jobs
June 26, 2022 By
Bank of America (BofA) Wednesday laid off 540 employees at its Legacy Asset Servicing division in Charlotte, according to the bank’s spokesperson Dan Frahm. It is the biggest layoff in the banking sector since 2009 in the Queen City. The job cuts have impacted at least 60 percent of employees at the division's office located in Charlotte of North Carolina. The employees have been served a 60 days’ notice, the spokesperson said. The Legacy Asset Servicing division has been a loss-making … [Read more...]
BP Interested in Natural Gas News in China
June 23, 2022 By
China’s growing natural gas demand has captured the interest of BP Plc. With the natural gas news in China indicting a strong growth the London based corporation is set to sign a $20 billion liquefied natural gas deal with the China National Offshore Oil Corporation. China has become a mammoth opportunity for energy suppliers rising to meet the demand caused by the counties rapidly expanding industrial complexes and a public eager to enjoy the benefits of new technology. From fossil fuels to … [Read more...]
Insider Trading An Issue For Golfer Mickelson
May 31, 2022 By
The long fairways with rolling hills and treacherous bunkers are laid out before you on a sunny day. The thick rough lines the tightly cut grass on each hole. The banks and curves of the greens which are difficult to read as you prepare to make a putt. These are the concerns for all golfers as they make their way to the course each and every day. These are the concerns which Phil Mickelson has every weekend when he competes in a golf tournament. Mr. Michelson is a professional golfer, a … [Read more...]
Housing Market Turning The Corner
May 24, 2022 By
It has been a long uphill struggle. In the early 2000’s, the country was flush with money. There was disposable income for all sorts of activities, extra vacations, summer homes, fancy new cars, and expensive electronic toys. One area that really took off was the housing market. The normal progression in life was to start a family and own your home. Consumers started scouring the housing market for the ideal location to raise their children. Buyers started to outnumber sellers, resulting … [Read more...]
Target Searches for New Identity
May 23, 2022 By
America’s third-largest retailer is not exactly living up to its name, as it searches for a new sales identity amidst a drop in earnings. The Minneapolis-based discount store, Target, reported a 16 percent decline in its first quarter earnings earlier this week, and experts have pointed out that the retail giant is not adapting well to industry changes. Along with an increase in online shopping, trendy chains such as H&M have given Target stiff competition in the cheap chic fashion … [Read more...]
AT&T Opting DirectTV Deal at $48.5 Billion
May 19, 2022 By
In a move guaranteed to spark more concern about the cable market AT&T has announced plans for buying Direct TV for $48.5 Billion. This would give the telecommunications giant a $95 per share while at the same time giving them a larger video subscriber base and increasing the company’s ability to compete with industry rivals such as Time Warner. Presently AT&T's own U-verse TV offering customers over 510 channels bundled with its Internet service is actually through DirecTV, but this … [Read more...]
