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 […]
Category: Business
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 […]
Social Mobility is Stagnant
That’s because, in large part, inequality starts in the crib. Rich parents can afford to spend more time and money on their kids, and that gap has only grown the past few decades. Indeed, economists Greg Duncan and Richard Murnane calculate that, between 1972 and 2006, high-income parents increased their spending on “enrichment activities” for their […]
Wells Fargo Criminal Investigation Underway
Wells Fargo is under criminal investigation for identity theft by the state of California, the latest fallout from its fake account scandal. California Attorney General Kamala Harris said in a warrant that there is probable cause to think the San Francisco-based bank committed felonies including identity theft and false impersonation. Wells Fargo has drawn the […]
Historically Low Raise to Social Security to Take Effect
Millions of Social Security recipients and federal retirees will get a 0.3 percent increase in monthly benefits next year, the fifth year in a row that older Americans will have to settle for historically low raises. The adjustment adds up to a monthly increase of less than $4 a month for an average recipient. The […]
Major Brake Defect Leads to Honda Recall
Honda is recalling 350,083 of its new 2016 Civics because the electric parking brake may not engage when the engine is turned off, leading to the possibility that the car could roll away and crash. It’s not uncommon for new models to be recalled, but the pullback doesn’t help the redesigned Civic, which has been […]