U.S. Economy

Market Crash

Don't Ignore This Flashing "Red Alert"

Stock market investors celebrated the continuing economic downturn by driving stock prices higher again last week. The Dow Jones Industrial Average rose 132 points or 0.8% to 17,215.95 while the S&P 500 added 18 points or 0.9% and the Nasdaq Composite Index jumped 1.2% to 4886.69. The worse things get, the more investors believe that the Fed will delay any interest rate increase into 2016.

They are probably being too optimistic. At the rate things are going, we may not see an interest rate increase until Barack Obama leaves office. And if we do, it won't be more than a token 25 basis points that won't amount to a hill of beans.

And that probably isn't a coincidence. Mr. Obama has appointed every member of the Federal Reserve's Board of Governors. This is highly unusual. The Federal Reserve Act provides for terms of 14 years, but in the past two decades the average tenure of governors has dropped to five years. This has arguably reduced the independence of the board.

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Economic Data

The Global Wealth Gap Has Grown Historically Wide

According to a new report from Credit Suisse AG (NYSE: CS), the global wealth gap has grown to historic proportions.

The top 0.7% of adults by net worth now control more than 45% of the world's total wealth.

Here's the full breakdown...


Here's a Democratic Debate Preview, Candidate by Candidate

Democratic debate preview: On Tuesday, Oct. 13, the first Democratic debate in the 2016 presidential election will take place on CNN.

But who are we kidding? We might as well call it the "Hillary Clinton vs. Bernie Sanders" show, right?

Here are the essential details to look for in the first Democratic debate showdown of 2015...


Oil Prices Today Could See Biggest Weekly Rise Since 2009

Oil prices today (Friday) moved higher on yesterday's FOMC minutes and the ongoing Syrian conflict.

Today's rise puts prices on track for the biggest weekly gain in more than six years.

Here's everything you need to know about where prices are moving today...


Glencore Stock Price Soars Today After Slashing Zinc Production

The Glencore stock price jumped roughly 15% to 139.70 pence today (Friday) after the company drastically slashed its zinc production. Zinc prices have fallen 30% in the last few months, prompting the production cut. Today's announcement sent zinc prices soaring more than 11% intraday to $1,850 per metric ton. That was the sharpest gain since […]

While the Glencore stock price is climbing, the company is not out of the woods...


Alibaba Stock Price Climbs After This Shareholder Letter Delivery (NYSE: BABA)

The Alibaba stock price has climbed 15.3% in October and is up another 2.9% today (Thursday) after the company released a letter to shareholders reassuring them of the company's growth prospects. Alibaba stock investors are worried about slowing revenue growth from the Chinese e-commerce firm, plus trouble with China's economy. Alibaba Group Holding Ltd. (NYSE: […]

Today, Alibaba Chairman Jack Ma's letter addressed those bearish concerns.


[CHART] VW Dieselgate Will Cost More Than Deepwater and Enron Scandals Combined

VW's "Dieselgate" could end up being one of the most expensive, avoidable disasters in the world…

VW set aside $7.2 billion to deal with the scandal, but according to Credit Suisse's most conservative estimates, that's not nearly enough.

Here's how the actual cost of Dieselgate measures up to other major expensive (and avoidable) disasters...


Wasteful Government Spending: Walls That Melt in the Rain, Catfish Inspectors, and More

With a national debt of $18.4 trillion, you'd think that tracking down and eliminating wasteful government spending would be more of a U.S. priority.

In the tradition of retired Sen. Tom Coburn, two lawmakers, Rep. Steve Russell, R-OK, and Sen. John McCain, R-AZ, are now publishing examples of government waste.

Here are 11 hard-to-stomach instances of wasteful government spending...

Economic Data

September Layoffs Surge 93% as Hewlett-Packard Slashes 30,000 Jobs

September layoffs surged as U.S.-based employers announced plans to slash 58,877 jobs.

According to the global outplacement consultancy Challenger, Gray & Christmas, September layoffs were up 43% from August. The total was also up 93% from September 2014, when 30,477 planned layoffs were announced.

Here's which sectors, and companies, were hardest hit...

Election 2016

Who Will Be the Winner of the Next 2015 GOP Debate?

Millions of Americans are set to tune into the CNN republication debate today. This marks a second scrap among the GOP's hotly contested field of 2016 presidential candidates. The first GOP debate was held by FOX News on Aug. 6 and drew 24 million viewers – making it the highest-rated primary debate in television history. Just like in that instance, the CNN republication debate features both […]

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