Category: Business News

U.S. Gas Prices Have Gone Up $4 Per Tank in The Last 6 Weeks

U.S. Gas Prices Have Gone Up $4 Per Tank in The Last 6 Weeks

A new survey by industry analyst Trilby Lundberg finds the average price of gas is up 26 cents across the U.S. over the last six weeks—five cents just in the last two weeks—representing a...

Long-Term Unemployed Face 1 in 10 Odds of Getting Hired Each Year

Long-Term Unemployed Face 1 in 10 Odds of Getting Hired Each Year

A new Princeton study reveals that 1 in 10 people who have been unemployed for six months or longer are hired annually, which underscores the struggles of those seeking to re-enter the job market...

10 Things I Know to Be True About This Microsoft Hotmail Privacy Case

10 Things I Know to Be True About This Microsoft Hotmail Privacy Case

It’s ugly. It’s complicated. And it’s a great opportunity for any webmail provider who isn’t Microsoft When the news broke on Wednesday that Microsoft had tapped into the e-mail of a Hotmail user who...

Mt. Gox Bitcoin Exchange Finds Missing Millions

Mt. Gox Bitcoin Exchange Finds Missing Millions

The Tokyo-based Bitcoin exchange Mt. Gox, which recently filed for bankruptcy protection, says 200,000 missing coins were found in a wallet thought to be empty. The recovered loot accounts for a large portion of...

U.S. Appeals Court Upholds Fed’s Cap on ‘Swipe’ Fees

U.S. Appeals Court Upholds Fed’s Cap on ‘Swipe’ Fees

A federal appeals court has handed a defeat to a coalition of retail groups that challenged as too high the Federal Reserve’s cap on how much banks can charge businesses for handling debit card...

Stocks Tumble in Russia After U.S. Adds Sanctions

Stocks Tumble in Russia After U.S. Adds Sanctions

Shares in banks and energy were down Stock markets in Russia plummeted on Friday as investors appeared spooked by the latest sanctions from the United States. Shares in Russia’s largest bank, Sberbank, fell by...

People in Poor States Actually Pay Higher Airfares

People in Poor States Actually Pay Higher Airfares

Doesn’t seem right It can be expensive to be poor, the saying goes, and a new survey shows just how far — literally — the impact of living in a low-income area can stretch....

IRS Watchdog Says Phone Scam is Largest Ever

IRS Watchdog Says Phone Scam is Largest Ever

A government watchdog says more than 20,000 taxpayers have been targeted by fake IRS agents in the largest phone scam the agency has ever seen. The IRS inspector general says thousands of victims have...

Nearly All Major U.S. Banks Pass Fed ‘Stress Tests’

Nearly All Major U.S. Banks Pass Fed ‘Stress Tests’

All but one of the nation’s 30 largest banks are better able to withstand a severe U.S. recession and global downturn than at any time since the financial crisis, the Federal Reserve has determined....

Netflix vs. Comcast ‘Net Neutrality’ Spat Erupts After Traffic Deal

Netflix vs. Comcast ‘Net Neutrality’ Spat Erupts After Traffic Deal

Netflix and Comcast are battling over whether “paid peering” deals should be considered a net neutrality issue. The FCC will soon decide Netflix CEO Reed Hastings lashed out at the top U.S. Internet service...