Business

Jobs Report Shows Economic Weakness

Plagued by China’s economic weakening and uncertainty in Europe, the U.S. economy only added 142,000 jobs in September, far short of predictions. Adding insult to injury, the Labor Department revised July and August jobs numbers downward. The unemployment rate, however, remained at 5.1 percent, the lowest point during Barack Obama’s presidency. Analysts typically state that any jobs report at or above 200,000 jobs created in…


The Chip Card Is Here

Credit Card with microchips now the new standard. Starting today most consumers will have to adjust to new payment methods as the deadline to transfer to a more secure credit card has arrived. Stemming from the Target security breach at Thanksgiving in 2013, credit card companies started requiring a new chip card, a credit card with a microchip embedded into the plastic that creates added…


What the Fed’s Decision On Interest Rates Means for Investors

While lower interest rates could help investors in the short term, one activist investor says this move could be disastrous to the U.S. economy. The Federal Reserve Board, led by Obama appointee Janet Yellen, has not deviated from its stance of keeping interest rates at a record low until the time is absolutely right, continuing the policies of former Fed Chairman Ben Bernanke. The argument…


Al-Qaeda Still Alive, Published American Hit List for 9/11

While America and the world commemorate the 14th anniversary of the September 11 Attacks on the World Trade Center and the Pentagon, Al-Qaeda decided to remember the day with a hit list of Americans for its minions to focus on. The terrorist group’s magazine, Inspire, published the kill list of rich and powerful people who have been involved in the American marketplace including Bill Gates,…


United Airlines Ousts Smisek, Two Others, Amid Federal Probe

United Continental Holdings, parent company to United Airlines, has begun a new era after replacing its CEO and two other executives during a flury of activity Tuesday evening. In a statement released Tuesday the company said the firings were linked to an investigation associated with payoffs to the Port Authority of New York and New Jersey. No one at the Chicago-based airline would elaborate on…


Fourth Quarter Outlook Teetering On Dim For American Economy

The American economy is teetering between stability and a drastic market crash. As the markets roller coastered throughout August, closing with record lows and recovering briefly before sharply dropping again, the outlook for the final months of the year look uncertain. All eyes are on the equities markets as investors continue to question whether the American economy is headed to another market crash. The constant…


Does Donald Trump’s Bankruptcies Matter?

Donald Trump boasted during the debate that his businesses succeeded because of bankruptcy during the GOP debate. Recent concern has been brought up because of the history of Donald Trump’s bankruptcies, especially after he proclaimed during the August 6 GOP debate that he has used bankruptcy laws to help his businesses succeed. He even went on to say that every business, every CEO, “virtually every…


Utilize Universal Life Insurance To Supplement Your Retirement Portfolio

Universal life insurance can do more than just help your family after you’re gone; it can boost your retirement income. Would you rather pay tax on the seed or the harvest? That is the question that people should be asking themselves when thinking about investing for their retirement. In most qualified retirement plans like 401k’s, IRA’s, traditional investment accounts you’re going to have to pay…


Higher Open as Stock Index Futures Point Higher

A key meeting of central bankers at Jackson Hole will keep investors attention along with some major economic data releases. On Thursday is the start of the annual Economic Policy Symposium which brings together academics, market participants and many of the leading central bankers from across the globe. U.S. stock index futures pointed to a sharply higher open Thursday.  


Stocks Rebound After Six-Day Slump, Dow Closes Up Over 600 Points

After losing more than 1,900 points in over a week, the Dow Jones Industrial average closed on a positive note with a 619 point gain Wednesday. All major US markets closed in the positive after six straight days of losses. To couple with the Dow’s 4 percent growth, S&P 500 rose 72 points, just under 4 percent, while NASDAQ jumped 191 points, or 4.2 percent….