Americans Are Painfully Aware of How Broke They Are
Even if they’re just relatively broke
Articles from Contributor
New Home Sales Fall For Second Straight Month
But annual level is best since 2008
Stocks Tumble, Capping Worst Week for Wall Street Since 2012
U.S. stocks tumbled again Friday, with the Dow Jones Industrial Average falling triple digits and recording its worst week since May of 2012.
The Dow Jones fell 318 points or nearly 2.0%, while the S&P 500 declined 38 points, …
Watch the Surprising TV Ad That Got Nissan Into Major Trouble
The Federal Trade commission reached an agreement Thursday with car maker Nissan to cease “using deceptive demonstrations in advertisements” for its pick up trucks, according to a release from the FTC. The offending ad, as you …
Time to Liquidate That Massive Gold Hoard in Your Basement
Few assets performed worse than gold in 2013, as investors fled the precious metal due to an improving U.S. economy and continuing low inflation. Most forecasters believe these factors would only continue to put downward pressure …
3 Reasons Wendy’s Is Eating McDonald’s Lunch
McDonald’s, the world’s largest burger chain, had an impressive run from 2004 to 2011, when the fast food retailer posted average global same-store sales growth of 5.6% per year and tightened its hold on burger lovers from Boston …
Shark Tank Star Thinks Poverty Is “Fantastic News”
Kevin O’Leary, a Canadian businessman and star of the entrepreneur-focused reality show Shark Tank, is in hot water.
Here Comes the Bitcoin Taxman
Bitcoin has generated a lot of buzz because of its ingenuous design, but how widespread its use will become has just as much to do with government policy as any of the virtual currency’s inherent qualities.
Bitcoin prices, for …
Why America’s Grand Bike-Sharing Experiment Is Failing
The Montreal-based bike-sharing company Bixi is like something out of a right-wing nightmare. The firm is a government-owned entity, in Francophone Canada, that sells solar-powered bike-share equipment for cities around the …
Canada Has Its Own Housing Bubble—And It’s About to Burst
Ever since the real estate bubble burst in the United States in 2007, observers have pointed to Canada as an example of a well-regulated financial system that has avoided many of the regulatory mistakes that helped lead to an …
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Why People Love Working at Goldman Sachs—It’s Not Just the Money
The Vampire Squid is still beloved . . . by its employees
Best Buy Shareholders Got A Lump of Coal For Christmas
The big-box retailer announces dissapointing earnings