Tag Archives: Economy
Oil fell 12 cents to just over $95 per barrel, this as the outlook for the economy remains tenuous at best. Applications for unemployment benefits were up last week by 32,000 to 360,000, the highest that number has been in … Continue reading
There’s no better evidence that something needs to happen at Dell and happen fast than the 79 percent slide in profits for the quarter. Michael Dell is trying to take the company private and restructure the business, but billionaire investor … Continue reading
While Facebook did not manufacture and sell its own phone like Microsoft, still it had enough influence that the HTC First was also known as the Facebook phone. Now, with most carriers dropping the phone or pawning it off for … Continue reading
Following in the footsteps of other companies like Spotify, Adobe announces that it will now be offering its software by subscription only. For those who plan on using it long term, the plan doesn’t sound so good. But for those … Continue reading
The city of Detroit has announced that it is broke and and in just a few weeks it will be completely insolvent. “The city has effectively exhausted its ability to borrow,” he writes in the report, adding that the city … Continue reading
It’s a novel approach to sat the least, and not one most people can wrap their heads around, much less agree with it. But a new Medicaid study in Oregon shows that increased spending had little effect on improving people’s … Continue reading
The garment industry is an $18 billion business in Bangladesh, but at what price, especially for women, has this success come? The recent collapse of a building that killed 800 workers as put the spotlight on working conditions in the … Continue reading
Despite losses on the books, True Religion Jeans seems to have found a buyer. Tower Book Capital says it wants to buy the company for $835 million. The jeans company made a big splash back in 2002 with pants priced … Continue reading
Still more bad news for the gold market, this as the price slipped another 2 percent. At the same time, stock futures moved up on Wall Street. Dow futures moved up 27 as the Street celebrates the best weekly jobs … Continue reading
Only 323,000 people filed for first-time jobless claims last week, a new five-year low. In fact, it’s the lowest levels since January 2008. While many praise the new numbers as a sign the economy is getting better, others see it … Continue reading
