When looking at the unemployment rate in America, it’s interesting to see where the average American places the blame. A Gallup poll from Thursday shows that most of them place it squarely at the feet of former U.S. President George W. Bush. Of the 1000 adults surveyed, about 68% of them placed the blame with… Continue Reading
A Fortune 500 list has revealed the top 20 most profitable companies in 2012: Exxon Mobil————————————$41,060 million Chevron——————————————$26,895 million Apple—————— ————————— $25,922 million Microsoft—————————————- $23,150 million Ford Motor————————————–$20,213 million JP Morgan Chase & Co.———————-$18, 976 million American International Group——— $17, 798 million Wells Fargo————————————- $15, 869 million International Business———————$15,855 million Wal-Mart Stores——————————-$15,699 million General Electric——————————-$14,151… Continue Reading
Economist are predicting slower than hoped-for growth in the economy during the second quarter of 2012 despite lower gas prices during this period. The cheaper gas did not stimulate spending in other sectors by consumers, leading analysts to believe that the economy is still slumping. Not all of Wednesday’s government data was disappointing, however. Consumers… Continue Reading
Michael Bennet, head of derivatives and structured finance at the World Bank says that there is a good chance that the bank will once again issue yuan-denominated bonds in Hong Kong as soon as borrowing costs improve to a more favorable rate. According to information collected by the Bloomberg organization, International Finance Corp, a member… Continue Reading
The Chicago Times’ Malcolm Berko recently discussed the upcoming economic changes, as well as how they will be influenced by the next president. DL, a reader from Vancouver, asked: “What is your opinion of our economy for the next couple of years, and what do you think will happen to stock prices if Congress allows… Continue Reading
As the uproar from its recent IPO dies down, Facebook is facing some fresh challenges. For one, the IPO did not advance as well as planned, with the FB stocks already sliding in the market. Though analysts maintain positive outlooks for the stock’s long-term ratings, investors are generally concerned about the company’s ability to continue… Continue Reading
A new found sense of optimism has hit the international markets, after Spain sought assistance for its ailing banks. Asians stocks and the euro both saw an upsurge and China’s exports jumped in May from a year earlier. As analysts at Credit Agricole CIB in Hong Kong said, ‘‘Market sentiment has improved on the back… Continue Reading
Tesla Motors has a mission: to prove to the world, and especially to consumers, that fully electric cars can compete today in the huge US automobile market, and be fun. cool and awesome, too. Elon Musk, co-founder of PayPal, helped Tesla Motors get started in 2004 with an initial investment of $6.3 million. As a… Continue Reading
Since 2009, the private sector has been a source of hope and relief for the U.S. economy. Business investment boosted the original rebound; so much so that many began to consider corporate America to be the key to keeping the economy alive. However, the situation is headed for a major change. In the past, businesses… Continue Reading
Sometimes there is nothing like a real hands-on experience to help our children understand that all the food we eat, toys we play with, electronics we work with and enjoy, and every other item in our household that we consume, or service that we avail ourselves of, come from people just like us. How to… Continue Reading