US Corporations: Not Just for Shareholders Any More
The Business Roundtable has issued a new statement on the purpose of a corporation. Will mayhem ensue?
Economy
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How Much Would the US Have to Pay for Greenland? Maybe Half a Trillion Dollars.
The Trump administration has repeated its interest in the purchase of Greenland. There is no way to set a price on Greenland without an official offer, but there are several ways to estimate one.
Argentina’s Chance of Default Soars
Credit rating agency Fitch believes that the financial and political unrest in Argentina has substantially increased the chance it will default on its sovereign debt.
August Consumer Sentiment Index Plunges on Recession Fears
The University of Michigan consumer sentiment index plunged by more than 6% month over month in August and is down more than 4% year over year. Consumers are worried about a possible recession.
WTO Reports Weakening Global Trade in Goods
The World Trade Organization does not see global trade reviving in 2019.
IRS Budget Cuts Cost $34 Billion in Lost US Tax Revenue
Cutting the U.S. IRS budget by more than $13 billion in the first decade of the 21st century resulted in more than $34 billion in lost tax revenue.
How Much the $7 Billion Fantasy Football Business Costs Other Employers
Employers are losing productivity to employees who participate in fantasy football leagues. How much is it costing them? Do employers care? Should they?
A Day at This Beach Is No Day at the Beach – It Could Cost You $365
Summer may be waning, but there are still plenty of beach days left. Beaches define summer — sun, sand, and surf; a beach towel and a colorful umbrella; ice cream, or maybe (depending on…
Is Germany Teetering on Another Technical Recession?
The economy that is effectively the linchpin of the European Union just reported that its GDP was lower in the second quarter. Some economists may now treat Germany as though it is in a…
China Slows Toward Recession Pace
Tariffs are still in place on tens of billions of dollars in imports from China. No amount of stimulus will be able to offset that.
The Financial Bloodbath of Argentina
The reaction in Argentina's top stocks to Argentinian President Mauricio Macri losing a primary election was worse than atrocious. It was a bloodbath.
July Small Business Optimism Rises on Solid Economy, Expected Sales Increase
The National Federation of Independent Business reported Tuesday morning that small business optimism rose by near two points in July. Business owners are particularly optimistic about the U.S. economy and expected higher future sales.
These Four Southern States Have the Highest Bankruptcy Rates in the US
Bankruptcies rose last month nationwide, and the highest rates were in four states in the South. Baby boomers are among those most likely to go bankrupt.
Seniors Worried About Social Security Cuts
A recent survey of financial advisors highlights client worries about the future of Social Security.
UK Leans Toward Recession as GDP Contracts
Whether it is the effects of Brexit or the global economic slowdown, the U.K. economy shrank in the second quarter, a drop many experts had not expected.