Gas prices finally stop falling
Other factors in the price slide are increased oil production in the United States, which last year passed Saudi Arabia as the world’s largest oil producer; decreased demand from slowing…
Tag: mercantile
Zuckerberg has his Tim Cook moment
“If we were only focused on making money, we might put all of our energy in the U.S.,” he said. “But that’s not all we care about here.” Zuckerberg said…
African-American viewership propelling prime time TV hits like ‘Empire’
And a new comedy on ABC, “Black-ish,” is fourth on the list, with 24%. “Empire,” “Murder” and “Black-ish” are widely regarded as 3 of the biggest successes of the 2014-2015…
McDonald’s CEO retires as sales suffer
His promotion to CEO in 2012 made Thompson one of three black CEOs among the Dow 30 companies at the time. – Chicago Mercantile Association: Certain market data is the…
Coming soon: An American ‘Black Mirror?’
“Black Mirror” has been a cult favorite in Britain ever since it debuted in December 2011. Only seven episodes have been producedtwo sets of three episodes each, and one Christmas…
Billionaire Carl Icahn: Apple investment is a ‘no-brainer’
Some criticized Icahn for pushing for the buyback, which some argue can seem like a short-sighted strategy. But Icahn said Wednesday that a buyback and investing in research and development…
China issues scathing report on Alibaba
Alibaba (BABA, Tech30) took issue with the government review, saying the process was marred by misconduct and has “inflicted irreparable and serious damage to Taobao and Chinese online businesses.” The…
Skymall savior: A Shark Tank contestant
Jordan’s company, ScotteVest, was a long-time advertiser in the SkyMall catalogue. He says this gives him a unique perspective on how the company works. Jordan has also written a book,…
Diamonds are getting cheaper. Time to buy?
However, retail prices could drop if stores have to start discounting because of an unrelated trend: increasing demand for colored stones over diamonds. “As [retailers] try and become more competitive…
Senator Rand Paul goes after Fed…again
So far, Paul’s bill has 30 co-sponsors while Massie’s has 103. The Fed is already subject to regular audits by the GAO, but proponents of “Audit the Fed” bill want…
China crackdown makes it harder to get around the Great Firewall
Related: The Great Firewall of China is nearly complete Winger Chen, who owns a food and beverage consulting company in China, has always “felt some frustration with [spotty connectivity],” but…
Bill Gates: ‘I feel pretty stupid that I don’t know any foreign languages’
Related: Bill Gates’ next target is mobile banking – Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.
Andrew Sullivan bids farewell to blogging
Former CNN host Piers Morgan, a longtime Sullivan adversary, asserted that the announcement could only mean that the blogger’s digital venture has “been a disaster.” The Daily Dish’s self-reported revenue…
Stop hiding money offshore, IRS warns tax cheats
In addition, a new set of reporting rules are being phased in under the Foreign Account Tax Compliance Act that will require many foreign financial institutions to report accounts held…
China vows to end gold medal obsession
To improve in international competition, the state constructed a centralized athletics program similar to those of the Soviet Union and East Germany. Critics complained about the cost, but the system…
Facebook blocks pages insulting Mohammed in Turkey
By comparison, Facebook blocked 4,960 “pieces of content” in India, 29 in Russia, nine in the United Kingdom and none in the United States. Until an epic fight between Google…
Warning sign: Dow dives 380 points
The key benchmark for the tech sector will be Apple (AAPL, Tech30)’s earnings after the bell today. Wall Street expects a huge earnings beat. Anything less than that could be…
CNN and other media brands come to Snapchat
“We’re always seeking out new audiences and advertisers, and it’s more important than ever to tailor content to suit the platform,” Andrew Morse, senior vice president and general manager of…
Lousy Caterpillar earnings drag down market
The future isn’t looking bright: Oil isn’t the only problem for Caterpillar. The company is expecting a particularly big hit in its mining equipment sales business as prices of metals…
Home prices grow at slower pace in November
Despite the overall trend, home prices remain strong in certain hot markets. Miami and San Francisco had the largest home price gains, along with Tampa, Atlanta, Charlotte, and Portland. –…
Natural gas prices bounce as blizzard blows
Prices have also been pushed down amid a glut of supply from fracking operations in the United States and Canada. – Chicago Mercantile Association: Certain market data is the property…
Winklevoss twins: Bitcoin will explode beyond $1 trillion
Many skeptics remain convinced Bitcoin was a bubble that will soon die out. Jeffrey Gundlach, the new so-called “bond king,” recently said Bitcoin is “on its way to being relegated…
Meteorologist offers ‘deepest apologies’ over mistaken blizzard forecast
Szatkowski, who works in Mount Holly, N.J., was not alone in asking for forgiveness. Other meteorologists like Slate’s Eric Holthaus also apologized for their oversized projections. – Chicago Mercantile Association:…
Obamacare sign ups hit 9.5 million
Related: Obamacare website reins in personal data sharing Subisides have proved once again to be a big draw to the exchanges. Some 87% of those picking plans through healthcare.gov are…
FCC to Marriott and other hotels: Never try to block Wi-Fi again
Marriott said it will try to “find appropriate market solutions that do not involve the blocking of Wi-Fi devices.” – Chicago Mercantile Association: Certain market data is the property of…
Americans can use Amex, MasterCard in Cuba
MasterCard (MA) has said that customers will be able to use their credit cards in Cuba starting March 1. Still, people should contact their bank before traveling to ensure that…
What we really need to be better off financially
They have a financial cushion. Second, these consumers feel they have the capacity to absorb a financial shock. Whether they get in a car accident or are temporarily laid off…
NFL’s domestic violence Super Bowl spot: ‘It’s up to us to listen’
The NFL has a deal to run spots during every game that’s broadcast, and it sometimes uses them to address public relations issues like serious player injuries. NoMore.org ran dozens…
Boomerang home buyers are coming back
A home in Vegas: RealtyTrac identified several markets with the most potential for boomerang buyers. They include cities that were hit hard by the foreclosure crisis, but now have home…
Google Fiber expands to four more cities
Related: The business of the #hashtag – Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.