Author: Sammy Bravo

Guess Who Got $2 Billion For A Dam In Congress Last Night

Guess Who Got $2 Billion For A Dam In Congress Last Night

The bill that ended the government shutdown and forestalled a debt crisis Wednesday night had at its core what the country expected: it funded the government and averted default. But that was not all....

Ubisoft Stock Drops Over 25 Percent Following Delays, Earnings Adjustments

Ubisoft Stock Drops Over 25 Percent Following Delays, Earnings Adjustments

Yesterday’s Watch Dogs and The Crew delays have had predictable and severe repercussions for Ubisoft. The company’s stock has dipped 25 percent on the news. The company revised its outlook severely on the move...

U.S. Unemployment Aid Applications Drop to 358,000

U.S. Unemployment Aid Applications Drop to 358,000

Applications for US unemployment benefits dropped 15,000 to a seasonally adjusted 358,000 last week, though the figure was distorted for the second straight week by California’s efforts to clear backlogged claims. The Labor Department...

S&P Says Government Shutdown Cost U.S. Economy $24 Billion

S&P Says Government Shutdown Cost U.S. Economy $24 Billion

The ratings agency said more than two-week long government shutdown has cost the economy $24 billion — or $1.5 billion per day — reducing S&P’s September forecast of 3 percent annualized fourth-quarter 2013 GDP...

Mark Cuban Found Not Guilty of Insider Trading

Mark Cuban Found Not Guilty of Insider Trading

Dallas Mavericks owner Mark Cuban was acquitted of insider trading Wednesday after a jury deliberation that lasted only four hours, the AP reports. The Security and Exchange Commission accused the billionaire of insider trading,...

Tomorrow Isn’t the Ultimate Deadline for Lifting the Debt Ceiling (But It’s Coming Soon)

Tomorrow Isn’t the Ultimate Deadline for Lifting the Debt Ceiling (But It’s Coming Soon)

Lawmakers in Washington are scrambling to get a deal done to raise the debt ceiling deal done before tomorrow, when the Treasury Department says it will have exhausted the extraordinary measures it has been...

Stocks Surge On Debt Ceiling Hopes

Stocks Surge On Debt Ceiling Hopes

Stocks jumped Wednesday amid indications that lawmakers in Washington were finally nearing a resolution to the ongoing government shutdown and the looming need for a debt-ceiling increase. Markets opened strong and climbed higher when...

Twitter Will List on New York Stock Exchange

Twitter Will List on New York Stock Exchange

Twitter plans to list its upcoming IPO on the New York Stock Exchange, according to an amended SEC filing released Tuesday, settling a showdown between the NYSE and the Nasdaq exchange. Twitter initially released its...

China Got into Bed with the U.S. Treasury and Can’t Get Out

China Got into Bed with the U.S. Treasury and Can’t Get Out

The Chinese sure are doing a lot of worrying these days about the stalemate in Washington. Li Keqiang, China’s Premier, told U.S. Secretary of State John Kerry that he was watching the tussle over...

At Least Microsoft Likes the Idea of Cross-Platform Gaming

At Least Microsoft Likes the Idea of Cross-Platform Gaming

Given my interest in “buy once, play anywhere” gaming, I was intrigued by this exchange between AusGamers and Phil Spencer, the head of Microsoft Studios: AusGamers: With Games For Windows Live shuttering and Windows...