An Australian man long rumored to be associated with the digital currency Bitcoin has publicly identified himself as its creator, apparently ending one of the biggest mysteries in the tech world. BBC News said Monday that Craig Wright told the media outlet he is the man previously known by the… Read More
Obama “worst president since Hoover”
After nearly eight years under President Barack Obama, there is one fact that is undeniable — his presidency has been bad for the U.S. economy. Now that his second term is nearing the end, however, it is becoming clear to economists just how bad Obama has been. Historically bad. In… Read More
Comcast buys DreamWorks in multibillion dollar deal
Comcast is buying DreamWorks Animation, the film company behind the Shrek, Madagascar and Kung Fu Panda franchises, for approximately $3.55 billion, strengthening its presence in the important and growing business of children’s entertainment. DreamWorks stockholders will receive $41 for each share they own. That’s a 24 percent premium to the… Read More
Not so slick — Exxon losing important AAA rating
Low oil prices have helped cost Exxon its pristine “AAA” credit rating from Standard & Poor’s, a label it held for over six decades. The top “AAA” credit rating from S&P means a company’s debt is the safest possible investment. Now only two other U.S. corporations are rated triple-A by… Read More
The “Magna Carta” of baseball sells for MILLIONS
Documents that baseball historians have called the Magna Carta of the game have sold at auction for nearly $3.3 million. SCP auctions says the 1857 papers called the “Laws of Baseball” sold early Sunday to an anonymous buyer after more than two weeks of bidding. The auction house had predicted… Read More
Volkswagen reaches settlement in emissions scam
An agreement will give owners of hundreds of thousands of Volkswagen vehicles rigged to cheat on emissions tests the option of having the automaker buy back the cars or fix them, a judge said Thursday. Senior U.S. District Judge Charles Breyer did not give details on how much car owners… Read More
Vote Now! Who should replace Jackson on the $20?
A Treasury official says Secretary Jacob Lew has decided to put Harriet Tubman on the $20 bill, making her the first woman on U.S. paper currency in 100 years. The official, who spoke on condition of anonymity in advance of Lew’s official announcement, says that the 19th century abolitionist and… Read More
Faster checkout tech coming
Visa is upgrading its software to process chip-embedded credit and debit cards to function faster — addressing a source of grumbling from businesses and customers who are often forced to wait for transactions to go through. The company said Tuesday that its program — Quick Chip for EMV — will… Read More
Woman to go on $10 or $20 bill
Should Andrew Jackson, America’s seventh president, be worried? Is it true that his days on the $20 bill may be numbered? At the moment, Treasury Secretary Jacob Lew is keeping details of his decision close to the vest while promising an announcement soon. Treasury officials declined to comment Monday on… Read More
Tax Day! Here are the numbers…
Millions of taxpayers face a midnight deadline Monday to file their tax returns, while millions of others will ask for more time —a six-month extension. There was a three-day delay beyond the traditional April 15 deadline because Friday was a legal holiday in the District of Columbia. Some things to… Read More
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