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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... More of this article »
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,... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »