Each day it becomes more likely that Americans face higher taxes, as the battle over the fiscal cliff appears almost certain to stretch into 2013. Many economists expect higher taxes to ... Read Full Story »
The new Economic Policy Institute (EPI) study -- “The State of Working America, 12th Edition” -- shows that the rich have gotten richer as the poor have gotten poorer. In ... Read Full Story »
iPhone 5 Speculation Swirls As the launch date of the Apple Inc. (NASDAQ: AAPL) iPhone 5 approaches (probably tomorrow), the speculation about how many units will be sold multiplies. Famous Apple-watcher Gene ... Read Full Story »
Microsoft (NASDAQ: MSFT) launches its Surface tablet. (Reuters) European leaders say they will create a more integrated banking system. (Reuters) The Financial Industry Regulatory Authority may determine whether Nasdaq (NASDAQ: NDAQ) ... Read Full Story »
Netflix (NASDAQ: NFLX) talks with cable companies about adding its services to their channels. (Reuters) The Institute of International Finance pressures Greek bondholders to make trades for new sovereign paper. (Reuters) ... Read Full Story »
China is taking American jobs, labor unions, politicians and economists, have accused for some time. The logic is simple. While a manufacturing job in the U.S. may pay $50 an ... Read Full Story »
U.S. companies are on a hiring spree though Americans are not benefiting from it in the least. According to Tax Notes, between 1999 and 2008 employment by foreign affiliates of ... Read Full Story »