Several media have reported that Iran announced it will stop oil shipments to the UK and France. The effects are likely to go far beyond these nations. Brent crude currently trades above $120, and…
Germany appears ready to aid in a Greek bailout without stringent conditions on the control of the southern European nation’s budget. The ECB and private investors appear closer to exchanging their debt for less valuable…
The question will be is it enough?. After wide-spread consumer complaints about the manufacturing worker conditions at Apple (NASDAQ: AAPL) supplier Foxconn, and Apple’s alliance with watchdog Fair Labor Association, Foxconn has raised worker compensation. There…
In a move meant to turn the Postal Service to a profit and turn its net debt into cash, the management of the agency proposes that 155,000 jobs be eliminated between this year and 2016…
After months of speculation, GOP presidential candidate Mitt Romney recently confirmed that he is worth roughly $200 million — give or take a million or more. 24/7 Wall St. examined the finances of all…
Google (NASDAQ: GOOG) and Apple (NASDAQ: AAPL) are the leaders of the consumer technology sector in the U.S. One dominates search and mobile OS, the other digital content, smartphones and tablet PCs. Neither has…
January unemployment fell to 8.2%. Recent weekly jobless claims have fallen to multiyear lows and are now consistently below 400,000. The figures mask a growing regional jobs problem. It has worsened, at least in comparison…
Flickr, Images of MoneyA recent report on foreclosure abuses in San Francisco has dimmed the excitement of a settlement of foreclosure abuses among banks, the federal government and state attorneys general. The amount of that agreement will…
Research firm Gartner has released its fourth-quarter China smartphone market share data. It shows that Apple (NASDAQ: AAPL) has fallen behind. Apple now stands fifth in share at 7.5%, down from 10.4% in the previous quarter. Arch…
Foreclosure abuses likely occurred across the U.S. (Reuters) Apple’s (NASDAQ: AAPL) iPhone loses market share in China, based on Gartner data. (Reuters) Improved odds of a Greek bailout lift markets. (Reuters) The U.S. Consumer…
The Consumer Financial Protection Bureau has proposed means to crack down on abuses by firms that attempt to collect debt from consumers. These companies have been largely unregulated and many consumer advocates claim the firms…
There are more economists who believe that with Brent above $120 and WTI above $100 that the spill over to gas prices will push the cost of a gallon of regular above $4. That would…
The media has reported that trades at some large rates had set schemes to manipulate interest rates around the world as a way to make money. UBS has helped authorities track the practice which would be…
The issue of privacy among users of websites and smart devices never seems to end. Either Facebook is collecting data to use with advertiser of large and well-known internet sites are tracking data to…
Greece edged closer to a bailout, but the deal is not done. The ECB said it would swap bonds it bought two years ago for new paper. This would allow it to avoid a write…
New data from research firm Gartner shows that Apple’s market share in China has dropped from 10.4% in the nation in the third quarter to 7.5% in the fourth. That is an extraordinary loss…
Google set up its search software so that it would bypass certain security software in Apple’s mobile OS. That gave the search company access to personal information from iPhone and iPad users. Apple software…
People buy cars based on personal appeal, price, performance, fuel efficiency and reliability. Reliability is among the most important factors for most consumers. A car or light truck that runs without problems saves its…
General Motors (NYSE: GM) has been in the news this week for two reasons. One is presidential candidate Mitt Romney’s views about whether the government should have bailed out the car maker. The other…
AMREconomists have begun to voice concerns that the price of gasoline, which is usually high, could damage the U.S. recovery and make the recession in Europe worse. That is probably true. An American who drives…