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Tag Archives: US Economy

An internet split between China and USA

“It’s (China) arguably ahead of U.S. in some areas behind in others, maybe neck and neck. But at the current trajectory, China will probably be ahead of U.S. in five years,” Lee said. “China has more data, more users, more usage per data. And there’s very pro-AI government policies. So …

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The recent S&P rebound looks a lot like 2000 and 2007

The markets have surged into the new year with the S&P 500 Index posting its best January in more than three decades. Investor optimism of late has been fueled by a stronger-than-expected earnings season, and a Federal Reserve that is expected to pull back on plans to hike interest rates. …

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Shutdown has ended yet some small businesses still struggle to move on

Small-businesses owners who want access to capital may turn to non-bank lending. If you decide to go that route, you should be extra-cautious about the lender you choose and go over the terms and disclosures carefully, said Joyce Klein, director of FIELD at the Economic Opportunities Program at the Aspen …

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Howard Schultz is wrong on debt, Obama advisor Jason Furman says

This week, ex-Starbucks CEO Howard Schultz announced a potential Presidential run as an independent candidate during an interview on CBS. Frustrations with both parties’ handling of the nation’s finances, particularly the high levels of debt are part of his reasoning to potentially run as an independent candidate. Yet a couple …

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Draft Kings, casinos gear up for Super Bowl sports betting debut

Pat Greenhouse | Boston Globe | Getty Images From left, the three co-founders of DraftKings, Matt Kalish, Paul Liberman and Jason Robins, pose together in their Boston office on Apr. 24, 2017. DraftKings expects to see a record volume of bets for Sunday’s Super Bowl LIII, now that sports betting …

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Trump denies talking to Roger Stone about WikiLeaks: New York Times

Trump also said he did not help Jared Kushner, his son-in-law and senior advisor, to obtain top-secret government clearance. NBC News reported last week that Kushner’s clearance application was turned down by security specialists amid concerns about foreign influence over him. However, NBC reported, other more powerful authorities overruled those …

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Short-term deal won’t mitigate shutdown damage to airports: Union

America’s transportation system “was brought right to the edge of the cliff” and a short-term funding measure won’t reverse pain caused by the longest government funding gap in U.S. history, Transport Workers Union of America International President John Samuelsen told CNBC Friday. “This is a welcome reprieve,” he said on …

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Trump’s unpopularity among foreigners could be costing the US billions

That may prove problematic for President Trump, whose first year in the Oval Office was marked by a plunge in overseas approval ratings. The median global approval rating of the job performance of U.S. leadership across 134 countries stood at a new low of 30 percent, according to a 2018 …

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Gas prices drop, but here’s why drivers shouldn’t get too used to them

Crude oil’s sharp fall in 2018 has helped put some extra money in consumers’ pockets, in the form of falling gas prices. According to AAA, nine states saw prices at the pump drop below $2 a gallon late this week, a gift for drivers this holiday season. Over the last …

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If you beat the odds and win Mega Millions, what to do before claiming

Jackpot winners don’t get all of the money, thanks to federal taxes and, often, state taxes. In fact, Uncle Sam takes a piece before the prize even reaches you. Whether you take your haul as a lump sum or as an annuity spread out over three decades, your win is …

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