Money & The Economy

U.S. stocks plunged Monday morning over fears of a possible global coronavirus pandemic. The Dow Jones dropped 997 points, or 3.4%, when markets opened Monday, CNN reported. The S&P 500 and Nasdaq also fell 3.2% and 4.3%, respectively. The Monday morning plunge puts the Dow on pace for its biggest one-day drop since mid-August when it dropped 800 points after ...

A Virginia-based GOP group launched a website Wednesday that provides voters information about how their respective states will fare if Vermont Sen. Bernie Sanders’s climate policies are put into action. One of the resources featured on the Green New Deal Stats website is an interactive map highlighting what industry leaders believe the so-called Green New Deal (GND) will do to ...

A judge approved Sprint and T-Mobile’s multi-billion dollar merger Tuesday, effectively creating the country’s largest wireless company as the country tries to compete with China on 5G. The $25 billion deal is expected to allow the combined company to provide services to more than 100 million subscribers. Sprint and T-Mobile are independently the third and fourth largest companies in the ...

The plans introduced by most 2020 Democratic presidential candidates to maintain solvency for government entitlement programs would ultimately lower wages for American workers, a study found. The Tax Foundation, a right-leaning think tank based in Washington, D.C., released a study Tuesday finding that most of the plans pushed by the current crop of Democratic presidential candidates would stifle economic growth ...

An outbreak of the novel Coronavirus (2019 nCoV) is already having a negative impact on China’s automotive industry and has the potential to disrupt the North American auto industry as well, according to an alert published by LMC Automotive, a leading independent automotive global forecasting and market intelligence company. In the alert, LMC ‘s base case scenario expects the epidemic to continue ...

Tech giant Huawei is accusing American telecommunications company Verizon of violating several patents as the Chinese company tries to stay relevant inside the U.S., a lawsuit filed in Texas Thursday shows. Verizon Communications violated 12 patents on digital communications and other technology, Huawei said in a copy of the lawsuit. The lawsuit was filed after negotiations failed to produce a ...

President Donald Trump will sign the historic US-Mexico-Canada Trade Agreement (USMCA) during a South Lawn ceremony Wednesday morning. The agreement embodies the long-overdue overhaul of the flawed North American Free Trade Agreement which was anything but a free trade agreement and is responsible for shipping a massive number of American jobs to other countries. The ceremony is scheduled to start ...

SAN FRANCISCO – As the excitement of football builds in the Bay Area, sports fans around the city, state and nation, seek out team adorned gear to show support as the Super Bowl nears. Another group paying close attention to sports-related items, is the men and women of U.S. Immigration and Customs Enforcement’s Homeland Security Investigations (HSI), San Francisco, and ...

Thirty miles west of Cleveland along the Lake Erie shoreline sits a town named Lorain, Ohio. Famous for being the birthplace of Toni Morrison, Lorain was once a bustling steel town that drew people from all over the country for manufacturing work. Even the high school football team was named “The Steelmen.” But today, like many Rust Belt towns, Lorain ...

Here, we revisit three frequently-asked questions about debt relief to dispel confusion, sharpen your understanding, and provide some guidance to those who are considering embarking on a debt relief plan. 

Oil prices are staying low after Iran fired several missiles at multiple air bases in Iraq that housed U.S. troops. Analysts say a massive uptick in oil production in recent years is to thank for the low prices. The average price of a gallon of gas is staying steady at $2.60, while global oil prices are hovering around $70 a ...

Running a business in the digital era means one thing only – you must be online. Your business must be online so people can see it and buy whatever you are offering. Your product or service can be the best one in the world, but if you don’t build proper infrastructure and online presence, no one will be able to ...

In view of the fact that global wealth is growing and that more people besides just high net worth individuals are looking offshore for their banking needs, we managed to have an interview with Luigi Wewege. He is the SVP and Head of Private Banking at Caye International Bank in Belize. Offshore accounts are on the rise, as is the ...

The gig economy has come under increasing scrutiny by both liberals and conservatives, and rideshare apps like Uber and Lyft are no exception. The policy patterns and battles over ridesharing will inevitably be felt in other sectors of the economy. As the gig economy becomes more widespread, conservatives will have to be ready to adapt to  the trends of 21st ...

President Donald Trump announced Tuesday that he’ll sign the first phase of a long-awaited trade deal with China in January at the White House. “I will be signing our very large and comprehensive Phase One Trade Deal with China on January 15,” Trump told his Twitter followers. Phase one of the deal will put a temporary end to a yearlong ...