Lane Hanson

Lane Hanson

Lane Hanson is BusinessPundit's Economy Editor. He reports on major changes in the US and Global Economies.

  • OPEC still refusing to work together

    OPEC fails to reach a deal

    A meeting among the 13 member nations of OPEC on Thursday failed to reach terms that would have set a production ceiling. Following the meeting in Vienna the cost of West Texas Intermediate crude futures loss 1% to hit $48.59 a barrel. Brent crude, the international benchmark for oil prices also slipped on the news. […]

  • Bill and Melinda Gates

    Bill Gates: ‘Donald Trump isn’t known for his philanthropy’

    Bill Gates and Warren Buffett regularly approach their billionaire friends about joining ‘The Giving Pledge,’ and most of the time the people they approach join in their philanthropic endeavor. One person they don’t believe is willing to part with any of their money is Donald Trump. Even Bill Gates’ old rival Larry Ellison signed the […]

  • Elizabeth Holmes and net value of zero

    Elizabeth Holmes’ net worth is now $0

    From $9 billion startup founder and a billion on paper to a net worth of $0? Elizabeth Holmes’ stake in her own company is now worth nothing according to Forbes. The company, founded by Holmes when she was just 19-years-old, was forced last month to voice two years’ worth of blood test results taken from its […]

  • McDonalds raided by French police

    French police have raided McDonald’s over possible tax dodging

    McDonald’s offices in France have been raided by police just outside of Paris. The raid, which occurred last week, is an attempt to find evidence of tax evasion. French prosecutor’s said on Thursday that the search was conducted after a group of employees at the fast food giant filed a complaint about taking part in […]

  • 10 biggest corporate layoffs in US history

    When a company is not doing so well financially there are a number of tactics it can take to get itself back on the right track. Some of those things include filing for bankruptcy, getting rid of a few key underperforming products, or laying off a ton of its employees. Company layoffs are one of […]

  • Monsanto will reject Bayer takeover bid

    Monsanto is preparing to reject a $62 billion takeover bid

    Monsanto is preparing to reject a $62 billion takeover offer from German pharmaceutical giant Bayer, according to Reuters. Bayer announced the unsolicited offer on Monday. The offer would include a 37% premium over the $122-a-share price before the news broke. Bayer CEO Werner Baumann said on Monday, “We fully expect a positive answer of the Monsanto […]

  • Angelina Jolie teaching in London

    Angelina Jolie is the newest professor at the London School of Economics

    Hollywood actress Angelina Jolie has been named as a visiting professor at the London School of Economics. She will be teaching a new masters course on women, peace and security, the school announced on Monday. The LSE said the course will start next year and will be run by the LSE Centre for Women, Peace […]

  • Initial Jobless Claims

    Initial jobless claims fell less than expected

    Initial jobless claims fell to 278,000, beating economists’ expectations of 275,000. Jobless claims have remained below the 300,000 threshold for 63 straight weeks. The 4-week moving average was 275,750, an increase of 7,500 from the previous week’s unrevised average of 268,250, according to Bloomberg. There are no special factors listed in the report. Claims last week unexpectedly […]

  • Chinese steel is under attack by US officials

    US duties on Chinese steel just increased by 500%

    Duties on Chinese steel have increased by 500% after a spat between the US and China on Wednesday led to a quick increase in the cost of importing the product. Chinese cold-rolled steel is used to make appliances, cars, and electric motors. The cost of importing the steel occurred following a ruling by the US […]