The states that put Donald Trump over the top to win the presidential election were all hit incredibly hard by global competition in manufacturing. From 2000 to 2010, following China’s admission to the World Trade Organization, Ohio lost 368,000 manufacturing jobs, North Carolina lost 360,000 manufacturing jobs, Michigan lost 340,000, and Pennsylvania lost 314,000. While […]
Category: Business
Megadonors lost $112 million on losing candidates in election
Ted Cruz was a frugal spender when he ran for president earlier this year. Four super PACs supporting the Republican senator from Texas raised $45 million. But after Cruz dropped out of the race in May, some of those donors got a lot of their money back. Energy investor Toby Neugebauer donated $10 million to […]
Stock Market Soars Post Election, Corrections Coming
Donald Trump’s election has given a quick boost to stocks, with the Dow Jones industrial average touching all-time highs. Since markets closed Tuesday, the Dow and the S&P 500 are up about 3 percent — and that’s after coming back from the massive Tuesday night drop. Some market observers expect that boom to continue through […]
Stock Market Bounces Back After Initial Trump Election Drop
People celebrate during the call for Republican president-elect Donald Trump at his election night event at the New York Hilton Midtown on November 9, 2016 in New York City. at the New York Hilton Midtown in the early morning hours of Nov. 9, 2016 in New York City.(Photo: Joe Raedle, Getty Images) U.S. stocks were […]
Dow Soars After FBI Clears Clinton
Wall Street surged on the eve of the U.S. presidential election, with Democratic nominee Hillary Clinton’s prospects brightening after the FBI said it would not press criminal charges against her over the use of a private email server. U.S. stocks on Monday racked up their biggest one-day percentage gain since March 1, while a volatility […]
Elon Musk says ‘Robots will take your jobs, force government will have to pay you’
Computers, intelligent machines, and robots seem like the workforce of the future. And as more and more jobs are replaced by technology, people will have less work to do and ultimately will be sustained by payments from the government, predicts Elon Musk , the iconic Silicon Valley futurist who is the founder and CEO of […]
Samsung Stained Again: Company Issues Top Loading Washer Recall
U.S. product-safety officials announced a recall affecting 2.8 million Samsung Electronics Co. washing machines, in another stain on the company’s reputation already following the botched Galaxy Note 7 phone recall. The Consumer Product Safety Commission said the tops can detach during use. The company has received more than 700 reports of incidents and nine reports of injuries […]
Tesla Unveils Next Step In Green Energy
Hold onto your butts solar aficionados, the next generation solar roof is coming, and it looks good. During a brief event Friday night, Elon Musk presented his plan to integrate solar roofs with Powerwall power packs. But that’s not all. On Saturday Musk expanded on his talk by explaining via Twitter that the new solar […]
Mail Fraud: Scammers Posing as IRS via USPS
Criminals are constantly finding new ways to con Americans out of money, and the latest attempt involves thieves claiming to be from the IRS. And while IRS scams have been around for years, fraudsters are carrying them out in new and different ways every day — so it’s crucial for consumers to stay up to date on how to […]
Millions Of Taxpayer Dollars Spent On Police Buying Phone Records From AT&T
The company charged more than a million dollars in some cases for access to a database of phone records stretching back to 2008. Typically, for law enforcement agencies to obtain your phone records, they would need to first obtain a warrant from a judge. Warrants can be difficult to obtain and must be specifically focused […]
Ford Recalls Over 500,000 Vehicles Due To Safety Concerns
Vehicles are not supposed to leak fuel or oil. Still, several models of Ford vehicles apparently include those issues, leading the carmaker to announce three recalls covering nearly 500,000 vehicles. Ford on Wednesday released yet another batch of recalls for unrelated issues in several models of its cars. The first recall covers approximately 8,026 model year […]
Numbers Climbing In Samsung Class-Action Lawsuit
Consumers angry over South Korean company’s handling of scandal and now demand compensation for the inconvenience The number of Samsung Galaxy Note 7 owners demanding compensation for the smartphone’s troubles is starting to rise. In what may be the first Note 7 related class-action lawsuit filed in South Korea, 527 smartphone buyers are demanding Samsung […]