Bank of America (BAC) CEO Brian Moynihan and JPMorgan (JPM) CEO Jamie Dimon may be banking rivals, but they’re on the same page when it comes to the U.S. economy these days. Continue Reading Below During Friday’s earnings conference call, Moynihan noted that the U.S. economy has shown strength which […]
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BMW, Great Wall confirm Chinese Mini production talks
Luxury German carmaker BMW is in talks to produce its Mini models in China in partnership with Great Wall Motor Co., the Chinese carmaker said on Friday. Continue Reading Below The carmakers have been discussing plans to launch electric and conventional Mini models for 18 months, Great Wall said in […]
Wells Fargo 3Q results fall 18 percent due to legal costs
NEW YORK – Wells Fargo’s third-quarter profits dropped 18 percent, caused by a significant increase in the bank’s legal expenses tied to its mortgage practices before the financial crisis. Continue Reading Below The increase in legal expenses comes as the San Francisco-based bank tries to move beyond its recent phony […]
NYPD seeks public’s help in identifying $58K iPhone thief
NEW YORK – The New York Police Department is asking for help identifying a man who passed himself off as a messenger and stole $58,000 worth of iPhones from an Apple store. Continue Reading Below The unidentified man walked into a Manhattan store on Thursday and told an employee he […]
Gasoline boosts US consumer prices, but underlying inflation muted
U.S. consumer prices recorded their biggest increase in eight months in September as gasoline prices soared in the wake of hurricane-related production disruptions at oil refineries in the Gulf Coast area, but underlying inflation remained muted. Continue Reading Below The Labor Department said on Friday its Consumer Price Index jumped […]
4 Reasons to Consider a Pay Cut
Most working folks strive to earn more money as their careers progress. Many, in fact, are willing to fight for a raise when their companies aren’t so eager to be generous. Continue Reading Below But it’s not always the case that the more we work, the more money we earn. […]
If You Think the Equifax Data Breach Is Scary, Check Out This Statistic
Americans love their credit cards. Like really, really love their credit cards. Earlier this year, the Federal Reserve noted that aggregate credit card debt topped the $1 trillion mark, joining auto loans and student loan debt over $1 trillion in aggregate owed. The $1.027 trillion owed according to the most […]
3 Growth Stocks at Value Stock Prices
It’s not surprising that after an eight-year bull market, some are saying value investing is dead. With the cyclically adjusted P/E ratio of the S&P running at a red-hot 31, finding a value stock can indeed be tough. And to assign a “value” label to a stock in today’s market, […]
Pickup trucks cost big bucks, but sales keep plowing ahead
At more than $47,000, the typical cost of a new pickup truck is enough to give most Americans sticker shock. But sales are heading for new heights this year, as more shoppers find trucks to be an attractive daily driver. Continue Reading Below Full-size trucks are poised to become the […]
Central Europe tackles issue of lower quality consumer goods
BRATISLAVA, Slovakia – European Union officials are meeting with Central European leaders to address concerns that their consumers are being sold inferior versions of food, detergents and cosmetics compared with those sold in Western Europe under the same labels. Continue Reading Below The summit in Bratislava, Slovakia, aims to bridge […]