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Money & The Economy

News on Finance, Money, markets and the economy

Tips From an Army Special Agent to Avoid Scams

Even the most innocuous data posted to a social media feed can be married up with other publicly available information to provide online criminals the tools they need to exploit members of the military or general public, an Army special agent said. Special Agent Deric Palmer, program manager for the Digital Personal Protection Program, part of the Major Cybercrime Unit ...

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Graham On US-China Trade War: ‘Until They Feel The Pain, They’re Not Going To Stop’

South Carolina Republican Sen. Lindsey Graham said Sunday that U.S. consumers would have to be willing to feel some pain in order to make China finally end its unfair trading practices.  Graham commended Trump for labeling China a currency manipulator, something he said Bush and Obama weren’t willing to do.  China announced on Friday a 25% tariff on American automobiles ...

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Overstock CEO Resigns Amid Fallout Over ‘Deep State’ Comments

The CEO of online retailer Overstock.com resigned abruptly Thursday amid fallout from his remarks last week about taking part in an FBI “deep state” operation against Russian national Maria Butina. Patrick Byrne said in a statement to shareholders that he is resigning because his presence at Overstock could complicated “all manner of business relationships.” Overstock’s shares fell sharply last week ...

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What Business Structure Should I Choose?

The first step to starting a business can be a little tough and somewhat frightening. However, if you do your best and adopt an honest approach, you are more likely to push ahead and succeed. You don’t have to attend courses, seminars, or conferences to help you decide whether to set up your own business. Your vision, faith, willpower, passion, ...

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How Will Facebook Libra Cryptocurrency Affect Bitcoin in the Long-term?

The announcement of Libra cryptocurrency by Facebook is bad news for Bitcoin! Libra has a good chance of getting wider adoption, something Bitcoin has been struggling to achieve in ten years, because of its unique design. The most notable of Libra’s design is its centralized design with Facebook hands off the coin. It has also roped in top brands such ...

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Government Report Shows American Airlines Most Likely Carrier to Leave You Waiting on the Tarmac or to Cancel Your Flight

American Airlines

WASHINGTON – The U.S. Department of Transportation (DOT) today released its August 2019 Air Travel Consumer Report (ATCR) on air carrier data compiled for the month of June 2019 which gives low marks to American Airlines for long delays after passengers have already boarded and for flight cancellations. Tarmac Delays In June 2019, airlines reported 49 tarmac delays of more than three ...

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Small Businesses Stay Strong in America’s Heartlands

Entrepreneurship remains strong in rural areas, despite a nationwide drop in self-employment over the past 30 years, according to data gathered by SCORE, mentors to America’s small businesses. 80% of rural small business owners believe the quality of life and cost of living are superior to urban or suburban areas, although they struggle to find funding, to hire the right ...

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Ride-Hailing Company Uber Reports $5 Billion Dollar Loss

Uber Technologies, Inc. announced Thursday that it lost over $5 Billion last quarter, and experienced its slowest revenue growth ever. The world’s largest ride-hailing company disclosed the loss along with second-quarter results that included $3.1 billion in quarterly revenue, up only 14% from last year and its slowest reported growth ever, The New York Times reported. “We think that 2019 ...

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New York Times Stock Falls 20% After Weak Earnings Projection


The New York Times stock dropped 20% Wednesday after the company said ad revenue would decline in the third quarter of 2019. The company said it expects both its print and digital ad revenue to decline in the high single-digits next quarter, Business Insider reported. “We expect the second half of 2019 to be somewhat more challenging for digital advertising than ...

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Cutting Staff, Spiking Prices: NYC Restaurants Struggle Under $15 Minimum Wage

New York City’s $15 minimum wage, which began to take effect Dec. 31, 2018, was meant to bolster earnings and quality of life, but for a lot of residents, it’s doing the opposite. Democratic New York Gov. Andrew Cuomo signed legislation in 2016 to increase the New York York State’s minimum wage to $15.00/hr. The lowest minimum wage in NY ...

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It’ll Cost One Investment Firm Roughly $1.4 Billion To Own 1/6 Of US Newspapers

New Investment Media Group agreed to spend more than $1 billion Monday on a deal that would unite two of the largest newspaper chains in the country as the journalism industry struggles to survive. The group acquired Gannett Co. for $1.38 billion, with the merged entity expected to own more than one-sixth of all daily newspapers, including USA Today, analyst ...

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Federal Reserve Cuts Benchmark Interest Rate For The First Time In A Decade

The Federal Reserve cut its benchmark interest rate Wednesday for the first time since 2008, and the president had strong feelings about the central bank’s decision. Federal Reserve Chair Jerome Powell called the action a “midcycle adjustment to policy,” a phrase that caused chaos in the markets as analysts thought he was saying he was acting to stave off recession, ...

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Hacker Steals Data Of Over 100 Million Capital One Credit Card Users And Applicants

A software engineer is in custody for the suspected hacking of the data of at least 100 million Capital One credit care users and applicants, according to federal prosecutors Monday. The 33-year-old Seattle woman, Paige Thompson, stole 140,000 Social Security numbers, 80,000 bank account numbers and over a million Canadian social insurance numbers spanning from 2005 applications to 2019 applications, ...

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14 Professions That Are in Decline

The new economy has caused a steady decline in the number of job openings in many of the traditional occupations as digital technology and automation continually replaces these workers.  According to the Bureau of Labor Statistics, these occupations are requiring less and less workers on an annual basis. This information is accurate as of 2016 – 2026.  Administrative Assistants Surprisingly, ...

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