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 […]
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 […]
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 […]
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 […]
It’s official: Obama rejects Keystone XL pipeline
The Obama administration rejected a Canadian energy giant’s application to build the Keystone XL pipeline on Friday, three individuals familiar with the decision said, capping a seven-year saga that became an environmental flashpoint in Barack Obama’s presidency. Obama was to announce the decision at the White House after meeting with […]
Details leak out about secretive Trans-Pacific Partnership
Details of a sweeping Pacific Rim trade deal released Thursday set the stage for a raucous debate in the U.S. Congress. The text of the Trans Pacific Partnership agreement between the U.S. and 11 other countries including Japan and Mexico runs to 30 chapters and hundreds of pages. It is […]
Salute! The world leader in wine making is now THIS country…
Buone notizie for the land of pasta and Lamborghini – Italy is also now the biggest wine producer in the world after a bumper harvest this year, pushing France back into second place. Spain has been hit by drought and further saw its output drop. The European Union’s farm federation […]
Ex-Im vote a win for cronyism in Washington
Congressional Republicans take yet another opportunity to insult the intelligence of GOP voters by re-authorizing an international lending scheme that in practice serves as Boeing’s piggy bank. By Martin Hutchinson, Global Markets Analyst, Wall Street Daily The Great Depression – the longest, deepest economic downturn of the 20th century […]
Rules for internet companies split Supreme Court
The Supreme Court seems divided over whether Internet search sites can be sued for publishing false information about people if the errors don’t cause any real harm. The justices appeared to split along ideological lines Monday during arguments in a case that pits business groups concerned about exposure to costly […]
Wall Street has best month in four years
U.S. stocks wavered on Friday as government data revealed that wages and consumer spending growth remain feeble. But the market has regained its late-summer losses and is closing out its best month in four years. TIGHT PURSE STRINGS: The Commerce Department said consumer spending inched up just 0.1 percent in […]
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