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The World Bank is asking the Federal Reserve to wait until 2016 before it raises rates. According to Bloomberg, the bank’s chief economist Kaushik Basu said on Wednesday that the economy is sending mixed signals. The World Bank also cut its forecast for US growth to 2.7% in 2015 from an original estimate of 3.2%. […]
The next time you sit down for a $20 bowl of spaghetti with unlimited breadsticks or pony up your cold hard cash for a $15 steak that isn’t really an Australian favorite in any stretch of the imagination, you might want to consider how some massive U.S. dining establishments are milking you out of your […]
A new report released by the Bureau of Economic Analysis on Wednesday shows how each state grew its GDP in 2014. The map demonstrates how U.S. growth keeps shifting further West, specifically in the Southwest where a growth rate of 4.3 percent was experienced. In Texas, residents helped the state’s GDP grow by 5.2 percent, […]
The Organization of the Petroleum Exporting Countries (OPEC) has left its demand growth forecast for crude oil unchanged. The organization on Wednesday said that it expects the current oversupply in the market to ease over the coming quarters. In the organization’s monthly market report, OPEC said oil demand growth in 2015 will remain unchanged at 1.18 million […]
The US Department of Education revealed on Monday that it would forgive $544 million in student loan debt from the now-bankrupt for-profit chain Corinthian Colleges. During a press conference, Secretary of Education Arne Duncan also said the department is going to create a plan that will forgive the debt for students who were defrauded by […]
Monsanto is determined to acquire agribusiness competitor Syngenta and the company is willing to add $2 billion in guarantees to the purchase. The company has now throw in cash and stock worth $447 per Syngenta share, a 45% premium over the company’s 52-week average share price. A person close to Syngenta told Reuters that Syngenta’s […]
If you are planning to take a road trip this summer you are in luck, gas prices are expected to remain close to their six-year lows throughout the travel season. AAA spokesperson Michael Green claims that OPEC’s decision Friday to keep production levels steady, at 30 million barrels a day, was expected, but “it is […]
Lumber Liquidators Holdings Inc. has come under fire by the U.S. Environmental Protection Agency for its home testing methods. The company was recently found to be using laminate flooring from China that contains an excessive level of formaldehyde, a known carcinogen. Lumber Liquidators sent thousands of do-it-yourself tests to people who’d purchased the products. The product is […]
When we think of ‘Stockholm Syndrome” our thoughts often focus on someone being taken hostage and eventually sympathizing with their captor. Bank of America Merrill Lynch thinks that very same scenario is now happening to investors. According to BOAML, the captor is the Central Bank. The bank’s European Equity Strategy has issued a note saying […]
For many years the number one problem among college students was depression. In an ever growing competitive atmosphere, the biggest concern in higher education has shifted to anxiety. According to a recent study by the Center for Collegiate Mental Health at Penn State, of the 100,000 college student observed, more than half of students seeking help at […]
American companies in April 2015 announced plans to buyback $133 billion of their own shares, a move that one Goldman Sachs analyst is calling a “questionable use of cash.” Stock buybacks can be troublesome because companies often initiate them as a signal that shares are undervalued and that there is nothing else they want to […]
Hedge fund manager Jim Chanos wants us to know that the gas and oil industries are on the verge of a major disaster. The famed businessman warns that companies are working more inefficiently than ever to produce an ever increase demand for their products. “[W]e’re just seeing that … these guys like Exxon and Chevron […]
