Category: Business News

This One Chart Shows Why We Shouldn’t Fear Another Real Estate Meltdown

This One Chart Shows Why We Shouldn’t Fear Another Real Estate Meltdown

The Housing market had a great year in 2013, with the last reading of the Case-Shiller housing index showing a more than 13% appreciation of home prices year-over-year. The rapid ascent in prices however,...

Why Economists Are Right to Hate on Bitcoin

Why Economists Are Right to Hate on Bitcoin

Economist Paul Krugman is not one to shy away from a good fight, but he may have vexed his most passionate opponents yet last week with a blog post titled “Bitcoin is Evil.” Krugman’s...

Stocks Finish Mixed on Friday

Stocks Finish Mixed on Friday

After a New Year’s slump on the first trading day of 2014 Thursday, U.S. stocks closed mixed Friday after Federal Reserve Chairman Ben Bernanke said the economy should continue to improve. The Dow Jones...

Will Markets Go Up in 2014?

Will Markets Go Up in 2014?

That’s the big business question of the year. On the pro-side — markets, like rolling stones, tend to stay in motion. Bull runs create their own momentum, and then often takes a few months...

Record Highs on Wall Street in Pot Sector

Record Highs on Wall Street in Pot Sector

Stocks in marijuana-related companies surged Thursday on the first day of trading since Colorado became the first state to allow the sale of the drug for recreational use. Medical Marijuana Inc. saw its stock...

The Rich Got Richer in 2013

The Rich Got Richer in 2013

If you happen to be one of the wealthiest people on earth, chances are you can look back on 2013 as a year of financial success. The total net worth of the world’s 300...

Does Ron Burgundy Know That Chrysler’s Now an Italian Car Company?

Does Ron Burgundy Know That Chrysler’s Now an Italian Car Company?

America just got itself a new Italian automobile company: Chrysler. Fiat agreed to buy the 41.46% of Chrysler shares held by a United Auto Workers (UAW) union’s health care trust for $3.65 billion in...

Weekly U.S. Unemployment Benefit Claims Fall to 339K

Weekly U.S. Unemployment Benefit Claims Fall to 339K

The number of Americans seeking unemployment benefits dipped 2,000 last week to a seasonally adjusted 339,000, evidence that layoffs are low and hiring will likely remain steady. The Labor Department said Thursday that the...

Minimum Wage to Rise in 13 States in 2014

Minimum Wage to Rise in 13 States in 2014

New Year’s Day will bring good tidings indeed for the roughly 2.5 million low-income American workers who will see their hourly pay climb when 13 states increase the minimum wage on Jan 1. New Jersey residents...

U.S. Consumer Confidence Rises on Better Job Outlook

U.S. Consumer Confidence Rises on Better Job Outlook

  U.S. consumers’ confidence in the economy rose this month on a better outlook for hiring and growth. The Conference Board says its index of consumer confidence rose to 78.1 in December, up from...