Republican presidential candidate Ted Cruz has long been critical of corporate welfare and Wall Street bailouts. Now, critics are accusing the presidential candidate of hypocrisy, as some of Cruz’s biggest supporters are these same Wall Street millionaires he’s targeting. Questions on Cruz’s reliance on Wall Street come after reports that Cruz’s campaign has received over […]
With sanctions lifting, Iran gets richer by increasing oil exports
Iran said Tuesday it will export an additional 500,000 barrels of oil a day after sanctions are lifted under a landmark nuclear deal in a bid to reclaim its market share despite low prices. Oil Minister Bijan Zanganeh told reporters Iran plans to double its crude oil exports as sanctions are lifted, which officials expect […]
Asia Pacific Economic Cooperation summit underway
Tensions with China and the Paris attacks could upstage trade issues at the Asia Pacific Economic Cooperation summit, being held under extra-heavy security in the Philippine capital this week. President Barack Obama and the leaders of China, Japan, Mexico and other nations in the 21-member APEC bloc are converging with 7,000 officials, CEOs and other […]
Students demand YOU pay their tuition, debt
Emboldened by the victory of protesters at the University of Missouri, college students around the country are beginning to organize nationwide behind a set of outrageous demands. Students at the University of California, Berkeley and more than a hundred other colleges and universities staged marches Thursday. They want tax payers to pay for their tuition […]
US stocks PLUMMET after…
Stocks are heading lower in early trading, weighed down by weakness in mining and energy companies. Prices for copper, oil and other commodities were falling early Thursday. Freeport-McMoRan sank 6 percent and Chesapeake Energy fell 4 percent. The Dow Jones industrial average gave up 145 points, or 0.8 percent, to 17,552 as of 9:35 a.m. […]
“Goodfellas” mobster goes free
An aging mobster threw his hands into the air and shouted “Free,” grinning as he walked out of a courthouse following his surprising acquittal on charges he helped plan the legendary 1978 Lufthansa heist retold in the hit Mafia film “Goodfellas.” A federal jury reached the verdict Thursday at a Brooklyn racketeering trial where it […]
Strong sales is the toy story
To infinity, and beyond! The U.S. toy industry is expected to have its strongest year in at least a decade after several years of kids choosing videogames and mobile apps over Barbie and stuffed bears. Annual toy sales are projected to rise 6.2 percent to $19.9 billion in 2015, according to The NPD Group Inc., […]
Desperate, VW offers customers… cash!?
Volkswagen is offering $1,000 in gift cards and vouchers as a goodwill gesture to owners of small diesel-powered cars involved in an emissions cheating scandal. The offer announced Monday goes to owners of 482,000 cars in the U.S., many who are angry at the company because they paid extra for the cars to be environmentally […]
Mystery surrounds $1 billion “start-up”
The luxury electric car market may be small, but it’s lucrative enough to get another jolt — this time from a mysterious startup that says it wants to re-imagine how people interact with their autos. The startup’s name is Faraday Future, and it has been hunting for a place to build what it says will […]
October job report by the numbers
The job market boomed in October. Employers added 271,000 jobs, and the unemployment rate fell to 5 percent, the lowest level in seven years. The flurry of hiring is likely to give the Federal Reserve confidence to go ahead with a long-anticipated increase in short-term interest rates in December. Here’s a closer look at the […]
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