US News

Tax Reform Not Going Quite As Planned

The Republican effort in Congress to reshape the tax system has been moving much more slowly than many had hoped. Republicans started 2017 with high ambitions, seeing as they controlled both houses of Congress and the White House. Their stated aim was to quickly repeal the 2010 Affordable Care Act and reform the tax code. […]

American Express Wins In Appeals Court

A federal appeals court has ruled that American Express (NYSE:AXP) can block merchants that accept its cards from steering customers toward lower-cost cards from other issuers. The provisions in American Express’ merchant agreements are meant to dissuade customers from using cards from Visa and MasterCard at retailers that take American Express cards. American Express had […]

Clinton Campaign Enlists “Dreamers” To Woo Latinos

A new voter registration drive by Hillary Clinton’s presidential campaign is enlisting undocumented “Dreamers” to reach the Latino community. The new national voter registration program, called “Mi Sueño, Tu Voto/My Dream, Your Vote,” was announced Sunday. Hillary for America will be holding events across the country this week to unveil the program. Though the 730,000 […]

Travel Delayed as Flights Grounded Due to Technical Problems

Technical problems at a Virginia air traffic control center left many passengers stranded due to hundreds of flights to and from different airports across a large around of the northeast were canceled or delayed on Saturday. The Federal Aviation Administration put the blame for the problem on technical issues at a Leesburg, Virginia air traffic […]

Puerto Rico Cost of Living Soars as Debt Crisis Continues

In a recession for 9 years, the Caribbean island is battling as items in supermarkets that are 21% higher than the average in the U.S. even as more than 41% of the population lives amidst poverty. Puerto Rico is going through a severe fiscal crisis as it is in debt by more than $72 billion, […]

Cyber Attack Exposes Tax Returns at IRS

Criminals used data that was stolen to get access to prior tax returns for over 100,000 people through an application on the website of the Internal Revenue Service, said the agency on Tuesday. Using social security numbers, birth dates, street addresses and other information that was obtained elsewhere, the hackers completed a authentication process and […]

Jobless Claims in U.S. Increase; Average for Four Weeks at 15-Year Low

The number of people in the U.S. filing new unemployment benefit claims was slightly higher than expected during last week, but the overall trend continued suggesting that the labor market was still tightening. The jobs market has strengthened despite the economy remaining sluggish that is characterized by tepid spending by consumers as well as weak […]

Consumer Sentiment Drops the Most in More Than Two Years

Consumer sentiment in the U.S. fell unexpectedly during May by is most in over two years as the economy was viewed by Americans in a bad light. The preliminary index of sentiment from the University of Michigan dropped from 95.9 during April to 88.6, which is its lowest since October. The decrease of 7.3 points […]

David Goldberg dies at 47

Best known for being the husband of the COO at Facebook Sheryl Sandberg, Dave Goldberg, died Friday at the age of 47. However, few know he was royalty in Silicon Valley as well. He sold to Yahoo a music streaming company when he was just 33 and he raised over $1 billion for funding SurveyMonkey, […]

FAA Hands Out Drone Rules

On Sunday, the Federal Aviation Administration released its long anticipated proposal for the governing of small commercial drones, which sets up a plan for the remote-controlled crafts to share the skies with the many passenger planes. The proposal by the FAA would give approval for drones that weigh as much as 55 pounds to fly […]

Rumor: Government of U.S. Eavesdropping on Mobile Phones

Reports say that the justice Department in U.S. has a surveillance program that leads to private information from personal mobile phones being collected. A well-known national newspaper reported that this program has been in used since 2007, where Cessna aircraft is involved in collecting data. A small aircraft, with an attached sensor underneath is used […]

Wal-Mart Spreading Black Friday Across Five Days

The world’s largest retailer, Wal-Mart has abandoned the one-day only frenzy of Black Friday used to give the annual holiday shopping season a jumpstart. Instead the retailer will offer a host of its best offers on toys, television sets as well as many other items over a period of five days starting the last few […]

Americans Loving Debt Again

U.S. consumers have seemed to forget about the lesson they learned that debt is not a friend. In what is likely a good sign that the U.S. economy is growing with consumer spending increasing, data from April released by the Federal Reserve is not positive news for those who had hoped Americans would be more […]

Consumer Sentiment Up in April in U.S.

In April, consumer confidence increased to a high of nine months showing that Americans are becoming more upbeat with the economy as the labor market starts to gain more traction. The University of Michigan/Thomson Reuters index for consumer sentiment was up to 84.1 from a low of four months of 80 during March. Economists had […]

U.S. Sues over Libor Manipulation

The Federal Deposit Insurance Corporation in the United State has sued Citigroup, HSBC and another 13 global financial institution heavyweight for their alleged manipulation of the Libor rate. The FDIC sued the banks saying the manipulation had caused significant losses to over 38 banks in the U.S., which had to be shut down because of […]

U.S. Economy adds 175,000 Jobs During February

In February, the job market in the U.S. rebounded from a slump of two months as employers increased jobs by 175,000, while the rate of unemployment rose from 6.6% to 6.7%, said the Department of Labor on Friday. The report exceeded most analysts’ expectations pumping up the futures on the stock market prior to Wall […]

California Enjoys Prolific Year for Wine Grapes

Aficionadas of wine will find it easier to purchase bargain bottles of wine after a bumper crop in 2013 worth $3.16 billion. Agriculture officials in California reported that great news for those who love wine and for operators of vineyards alike. The wine grapes harvest was record breaking. Growers in the premier wine region of […]

GDP in U.S. Up 3.2% During Fourth Quarter

The economy in the U.S. grew at a good rate during the fourth quarter of 2013, as consumers spent more and businesses increased their investment. The last six months of 2013, marked one of the best periods of growth over six months in the past decade. The gross domestic product, which is the goods and […]