Apple is bracing for its first sales decline in 13 years, despite selling a record 74.8 million iPhones in the final three months of 2015, in what may prove to be a turning point for the world’s most valuable company. The tech giant says revenue could fall at least 8.6 percent during the January-March quarter, […]
Investors calm despite stock market woes
Panic is so passé. Investors are keeping their cool — and keeping their hands off of their retirement accounts — despite huge swings in the stock market that sent it careening to its worst start to a year ever. “They are just plugging away through the ups and downs of the stock market,” said Sarah […]
Ford issues massive automobile recall
Ford is recalling nearly 391,000 Ranger pickups because the driver’s air bag inflators can explode with too much force and cause injuries. The recall covers trucks from the 2004 through 2006 model years in the U.S. and Canada. It comes just days after the government announced that a South Carolina man was killed when an […]
Wall St Bloodbath – Market off to worst start EVER
Indexes are falling. Investors are panicked. Oil is drowning Wall Street. And some experts are warning it will get worse – far worse – before it gets better. It’s not hyperbole. It’s the worst start to the US market’s year in history, and it could threaten the retirement of millions of Americans — if their […]
Mr. Obama’s wild ride – Dow plummets, recovers
Another day of carnage on Wall Street. The Dow average lost 565. Then, suddenly, U.S. stocks recovered much of an early plunge as speculators started buying up cheap stocks. The entire market wasn’t so fortunate. The price of oil suffered its worst one-day drop since September. Energy companies were pummeled as the latest fall in […]
IMF cuts US, world economic growth forecast
The International Monetary Fund (IMF) again cut its forecast for global and U.S. economic growth in 2016. Citing weakness in the developing world, the IMF said Tuesday that the world economy will grow 3.4 percent, down from an October forecast of 3.6 percent. The international lending agency downgraded the outlook for developing economies to 4.3 […]
Huge gambling scandal rocks sports world
Foul, indeed. Reports of corruption and gangsters have shaken up the sports world after multiple news agencies broke stories of widespread match fixing in international tennis tournaments — including some at the prestigious Wimbleton tournament. Now, some of tennis’ top players are calling for heads to roll. Others loudly wonder if the sports integrity can […]
Wal-Mart shuttering 269 stores
Wal-Mart is closing 269 stores, more than half of them in the U.S. and another big chunk in its challenging Brazilian market. The stores being shuttered account for a fraction of the company’s 11,000 stores worldwide and less than 1 percent of its global revenue. More than 95 percent of the stores set to be […]
Risky riches: Should lottery winners ever go public?
Even a jackpot isn’t enough to buy anonymity for many lottery winners, whose names are often made public by state law. But should they? Recently, it’s becoming increasingly possible for big winners to hide their identity to keep from being harassed. Now lottery executives are trying to strike a balance between ensuring privacy and safety […]
Billionaire will stay in jail until he reveals where his fortune is hidden
A one-time billionaire blamed for driving a posh Montana resort into bankruptcy will stay in jail while a judge tries to force him to reveal what happened to some of his fortune, a federal appeals court ruled. Yellowstone Club founder Tim Blixseth has spent almost nine months in a county jail for civil contempt under […]
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