The Dow Jones Industrial Average fell by almost 800 points Tuesday, to close at 25,027, continuing a shaky start to the week prompted by confusion over a thaw in U.S.-China trade relations. The Dow finished the day down 3.06 percent. The S&P 500 lost 3.2 percent of its value, and the Nasdaq fell by 3.8 […]
Category: Business
GM Slashing 15% Of Salaried North American Workforce
General Motors said Monday it is cutting 15 percent of its salaried North American workforce, ending production of some slow-selling vehicles and halting production at several plants. The largest U.S. carmaker also said it will halt production at facilities in Lordstown, Ohio, Hamtramck, Michigan, and Oshawa, Ontario. Further plants in White Marsh, Maryland, and Warren, Michigan will […]
Best Black Friday Deals Online
Love it or hate it, Black Friday deals are here to stay. Throughout Black Friday 2017, retailers saw over $7.9 billion in sales online alone, according to Adobe Analytics. Last year, Adobe also reported that the highest Black Friday discounts were on computers, TVs and toys. And, the weekend between Thanksgiving and Cyber Monday 2017, […]
Dow Jones Falls Over 600 Points As Market Continues Slide
The Dow Jones Industrial Average slid 602 points or 2.3 percent in a volatile and light trading session due to the Veterans Day holiday. The Nasdaq Composite fell over 206 points or nearly 3 percent, while the S&P 500 lost 54.79 points or nearly 2 percent. Ten of the sectors in the S&P 500 fell led […]
Retirees Donated More To Dems Than GOP
Donors who marked “retired” as their occupation gave 52 percent of their $326 million in total contributions through Oct. 17 to Democrats, and only 48 percent to Republicans, The Wall Street Journal reported, citing data from the nonpartisan Center for Responsive Politics. This is the first time since the Center for Responsive Politics began tracking donations in […]
These Saving Accounts Offer The Best Interest Rates
With the average annual percentage yield on savings accounts in the U.S. at less than one percent, most customers have to be willing to deposit significant sums of money in order to see any meaningful growth to their savings. Though these accounts often do not come with the services provided by traditional banks, such as […]
Microsoft Takes Over Amazon As Second Most Valuable
Microsoft overtook Amazon to become the second most valuable tech company in the United States on Friday. The change in rankings was the result of a drop in Amazon’s stock value, Reuters reports, after a weaker-than-expected quarterly report from the online retailer wiped out $65 billion worth of market capitalization. Microsoft, meanwhile, saw a positive quarterly report […]
Stock Market Continues Slide To Negative 2018
Stocks fell sharply on Wednesday as growing Wall Street pessimism pulled two major U.S. indexes in negative territory for 2018. The Dow Jones Industrial Average lost 608 points Wednesday, a 2.4 percent drop that wiped out the index’s gains on the year. Standard and Poor’s 500 index fell 3.1 percent, also sliding below its 2018 […]
Mega Millions Jackpot Climbs To $1 Billion
As the Mega Millions jackpot drawing increased to an eye-popping $1 billion on Friday, it seems more and more Americans are deciding they “have a feeling,” too, an impulse sending lotto tickets flying off shelves nationwide in advance of the next drawing. In California alone, nearly $5.7 million worth of Mega Millions tickets were sold […]
Mega Millions Jackpot Reaches 900 Million
The prize for Friday’s Mega Millions jackpot has climbed to $900 million after no one won it Tuesday. The projected prize would be the second-largest payout in U.S. lottery history. A lone winner taking the cash lump sum would receive about $513 million. Mega Millions announced that Tuesday’s jackpot of $667 million would have been […]
Grocery Store Refuses To Sell Products With NFL Logo
Pepsi’s slogan may have once been “The Choice of a New Generation,” but one grocery store owner has chosen to no longer sell its products because they feature the NFL logo. A Facebook post from S&Z Grocery in Athens, Alabama, stated the store would not sell the products until the logo is removed. “This may cause […]
Dow Jones Drops Over 800 points
U.S. stocks dropped sharply Wednesday as a massive selloff in the biggest tech stocks drove markets to lows not seen since this winter. The Dow plunged 831 points, losing 3.15 percent of its value. It was the second-biggest drop of the year for the Dow, which on Feb. 5 lost over 1,100 points in a […]