The Dow Jones industrial average just did something it has never done in its 121-year history. The 30-stock average is now up more than 5,000 points in a year, marking its biggest annual-points gain ever. This following a 140-point rally Monday which sent it to an all-time high. The Dow also notched a record close […]
Category: Business
Republicans Vote To End Net Neutrality
The Federal Communications Commission (FCC) has voted to repeal its landmark net neutrality protections, capping off a months-long campaign by the agency’s Republicans to deregulate the broadband industry. The FCC voted 3-2 along party lines Thursday to scrap its 2015 Open Internet Order as Democratic lawmakers and dozens of activists protested outside. In a dramatic […]
Almost 200,000 Private Sector Jobs Added In November
U.S. businesses added a robust 190,000 jobs in November as the job market maintained a solid pace of growth amid tightening labor conditions, a private survey showed on Wednesday. The pace of hiring last month slowed from October’s 235,000 jobs after a surge of activity followed a sharp drop in jobs due to the hurricanes that slammed into […]
Tax Bill Written By Lobbyists Will Help Richest And Soar National Debt
Tax reform is taking over Washington, so much so that more than half of all registered lobbyists have disclosed working on the issue, according to an analysis from Public Citizen, a government watchdog group. There are just under 11,000 active lobbyists in the nation’s capital, according to data compiled by the Center for Responsive Politics […]
New Tax Plan Will Save Trump’s One Billion Dollars
President Donald Trump has insisted, for months, that the Republican tax plan he supports won’t benefit him. “It’s not good for me. Believe me,” he said at a Sept. 27 event in Indiana to sell the plan. “My plan is for the working people, and my plan is for jobs. I don’t benefit,” he also […]
President Trump Pushes For More Tax Cuts For The Rich
President Donald Trump just added complications to the Republican tax-reform debate. The president on Monday called for major changes to the tax plans currently working their way through Congress. In a tweet sent while he was in Asia, Trump said he is “proud” of lawmakers for getting “close” to approving a tax bill but added […]
Trump’s Mar-A-Lago Resort To Hire 70 Foreign Workers
President Donald Trump’s upscale Mar-a-Lago club received permission from the federal government to temporarily hire 70 foreign housekeepers, waiters and cooks to fill out its staff during its upcoming busy season, with its managers attesting there aren’t enough Americans qualified, willing and available to do the work. The president’s hiring of foreign workers at the […]
Self Driving Shuttle Crashes Shortly After Launch
A driverless shuttle in Las Vegas crashed Wednesday after it was launched only hours earlier. The shuttle crashed just before noon not far from the Las Vegas Strip, less than two hours after officials held an unveiling ceremony to promote the vehicle. Dozens of people had lined up to board the shuttle, but no one […]
Sears To No Longer Sell Whirlpool, Maytag, KitchenAid
Sears Holdings is cutting its century-old ties with Whirlpool and will no longer sell the company’s products, which include Maytag, KitchenAid and Jenn-Air subsidiaries, according to an internal Sears memo sent to stores last week. The memo was reviewed by CNBC. “Whirlpool has sought to use its dominant position in the marketplace to make demands […]
Dow Jones Hits Record High Of Over 23,000
The Dow Jones industrial average crossed 23,000 mark for the first time on Tuesday — just two and a half months after it breached the 22,000 milestone. Stocks boosting the blue-chip index included insurer UnitedHealth and Johnson & Johnson, which reported better-than-expected earnings. Shares have mounted their historic rally amid continued optimism on Wall Street […]
Social Security Benefits To See 2% Increase
Millions of Social Security recipients and other retirees will get a 2 percent increase in benefits next year. It’s the largest increase since 2012 but comes to only $25 a month for the average beneficiary. The Social Security Administration announced the cost–of-living increase Friday. The COLA affects benefits for more than 70 million U.S. residents, […]
Gun Stocks Rise In Aftermath Of Las Vegas Massacre
Shares of gun makers jumped more than 3% in early trading Monday after the mass shooting in Las Vegas. Storm Ruger (RGR) was up $1.85, or 3.6%, to $53.55 after the opening bell and American Outdoor Brands (AOBC), the former Smith & Wesson, rose 64 cents, or 34.2%, to $15.89. The deadly shooting at a […]