Category: Business News

Apple’s iPhone Sales Disappoint Wall Street

Apple’s iPhone Sales Disappoint Wall Street

Apple reported record quarterly revenue on Monday evening, but that didn’t prevent underwhelming iPhone sales from pulling down the stock in the hour after the announcement. Shares had dropped almost 8% during after-hours trading by 6:15...

Americans Are Painfully Aware of How Broke They Are

Americans Are Painfully Aware of How Broke They Are

The economic recovery is nearly five years old, but many Americans are feeling financially worse off than they were in 2008 according to study released Monday by the PEW Research Center in partnership with...

Global Markets Hit by Fears of Growth Slowdown

Global Markets Hit by Fears of Growth Slowdown

(New York/Amsterdam/Turkey) — Fear is back in the market. Investors are worried about slower economic growth in China, a gloomier outlook for U.S. corporate profits and an end to easy-money policies in the United...

Sam’s Club Will Layoff About 2,300 Employees

Sam’s Club Will Layoff About 2,300 Employees

Sam’s Club, the membership-only warehouse unit owned by Walmart, is laying off about 2,300 employees in its largest wave of job cuts in four years, the Wall Street Journal reports. It is one of...

Stocks Tumble, Capping Worst Week for Wall Street Since 2012

Stocks Tumble, Capping Worst Week for Wall Street Since 2012

U.S. stocks tumbled again Friday, with the Dow Jones Industrial Average falling triple digits and recording its worst week since May of 2012. The Dow Jones fell 318 points or nearly 2.0%, while the...

Time to Liquidate That Massive Gold Hoard in Your Basement

Time to Liquidate That Massive Gold Hoard in Your Basement

Few assets performed worse than gold in 2013, as investors fled the precious metal due to an improving U.S. economy and continuing low inflation. Most forecasters believe these factors would only continue to put...

Meet the Cabal That Wants to Terminate Your Cable Box

Meet the Cabal That Wants to Terminate Your Cable Box

Intel’s grand aspirations to launch a disruptive pay-TV service are dead, but the dream of a modern, more competitive television experience lives on. A cadre of big-name tech companies (and at least one startup)...

After Losing Billions, JPMorgan Chase Gives CEO Jamie Dimon a Raise

After Losing Billions, JPMorgan Chase Gives CEO Jamie Dimon a Raise

After paying approximately $20 billion in fines to federal authorities over the past year, JP Morgan Chase’s board voted to give their chairman and chief executive Jamie Dimon a raise. The debate, taking place...

Carl Icahn Wants eBay to Spin Off PayPal

Carl Icahn Wants eBay to Spin Off PayPal

Carl Icahn is at it again. The billionaire corporate raider turned activist investor wants eBay to spin off its PayPal unit, the giant online marketplace disclosed on Wednesday. It’s not hard to see why. PayPal...

Weekly Applications for U.S. Jobless Aid Up Slightly to 326K

Weekly Applications for U.S. Jobless Aid Up Slightly to 326K

The number of Americans seeking unemployment benefits ticked up 1,000 last week to a seasonally adjusted 326,000, a level consistent with steady job gains. The Labor Department says the four-week average, a less volatile...