Category: Business News

U.S. Economy Adds 155,000 Jobs in December; Can We Expect a Better Labor Market in 2013?

U.S. Economy Adds 155,000 Jobs in December; Can We Expect a Better Labor Market in 2013?

With the Labor Department’s announcement today that the U.S. economy added 155,000 jobs in December and that the unemployment rate held steady at 7.8%, one comes to a depressing realization: the average monthly job...

America’s Other Energy Revolution And Why It Matters

America’s Other Energy Revolution And Why It Matters

If you believe in the benefits of energy innovation, support national security or consider climate change to be a non-negligible threat to our planet, you need to stop listening to Al Gore and start...

Fashion Mogul Tory Burch Settles With Her Ex (And Gets A Third Billionaire Investor)

Fashion Mogul Tory Burch Settles With Her Ex (And Gets A Third Billionaire Investor)

  Tory Burch. Credit: Patrick Demarchelier. Photo courtesy of Tory Burch. You heard it here first: 2013 will be the year of Tory Burch. On January 1st, the fashion mogul’s company made two big...

27% Pay Cut Or Not, More Docs To Leave Medicare In 2013

27% Pay Cut Or Not, More Docs To Leave Medicare In 2013

  The latest Congressional impasse on Medicare payment doctors is expected to increase the number of physicians who will restrict or stop taking patients covered by the federal health insurance program for the elderly....

Fiscal Cliff Tax Deal: What Does It Mean for Small Business?

Fiscal Cliff Tax Deal: What Does It Mean for Small Business?

  Money and Tax Return (Photo credit: 401(K) 2012) For small and medium sized business owners there is good news and bad news in the deal to avoid the fiscal cliff.  In addition, the...

Fiscal Cliff: With Crisis Averted For Now, Investors Can Briefly Rejoice

Fiscal Cliff: With Crisis Averted For Now, Investors Can Briefly Rejoice

  The House of Representatives late yesterday evening approved the fiscal cliff deal already passed in the Senate, meaning President Obama will soon sign the legislation into law. “Everybody worked very hard on this,”...

Fiscal cliff’s new definition of rich

Fiscal cliff’s new definition of rich

Being “rich” could become a whole lot tougher. Under the current fiscal cliff deal passed by the Senate and awaiting a vote in the House, taxes would rise only on couples making more than...

Senate bill stops many tax hikes, but leaves big issues pending

Senate bill stops many tax hikes, but leaves big issues pending

The fiscal cliff compromise passed by the Senate in the early morning hours Tuesday would mute much but not all of the negative economic impact of going over the cliff. Most prominently, it would...

Stocks brace for fiscal cliff reckoning

Stocks brace for fiscal cliff reckoning

Can the stock market shake off yet another punt by Congress? It just might. For weeks, many have worried that no resolution to the fiscal cliff would lead to the kind of brutal sell-off...

Tesla And SpaceX Founder Musk Buys $17 Million Bel Air Mansion

Tesla And SpaceX Founder Musk Buys $17 Million Bel Air Mansion

Forbes Life Elon Musk Elon Musk Elon Musk at the Los Angeles design studio of Tesla Motors. He’s standing with the Model X “falcon wing” SUV wearing a jacket and shirt by Ermenegildo Zegna. Jeans,...