The members of America's most powerful gun lobby are fighting a "culture war" that goes beyond gun rights, says the National Rifle Association's incoming president. (May 3)
nobammer: So much for free speech. Just shows the leftist radicals don't really believe in free speech if they can't allow a group to speak. So why bother to have a free speech rally? Just vote these leftist wannabe free loaders out of office every chance we get. Stop the free handouts to people that don't care if they live in a free society. Cut out aid to medicaid. Wasn't for cutting it out, but now I am. Go Trump! When I stood up for black people in Alabama in the 60's I thought I was doing something for them. But, unfortunately the #$%$ you see out there yelling "black lives matter" are the blacks that don't give a damm about anyone except themselves. Their parents didn't teach them that in a free society we respect one another.
Digital currency bitcoin soared to a new high of $4,500 (£3,492) on Thursday as the currency continues to grow following a split between its backers. The cryptocurrency has grown steadily for the past two weeks since it experienced a "hard fork", where two competing strands of bitcoin emerged after some of its leading developers disagreed on the best way to take it forward. Analysts had expected bitcoin to take a hit after the fork, which saw the emergence of a new currency called "bitcoin cash".
As minimum wages rise across numerous areas of the country, one restaurant chain decided to be vocal about passing increased labor costs onto its customers. The Oceanaire, a high-end seafood restaurant with a dozen locations across the U.S., recently tacked on a 3 percent “minimum wage surcharge” to its customers’ tabs, the Washington Post reports. A customer at the restaurant’s D.C. location recently noticed the charge on his bill; a note at the bottom read, “Due to the rising costs of doing business in this location, including costs associated with higher minimum wage rates, a 3% surcharge has been added to your total bill.” As the Post notes, the Oceanaire is owned by Landry’s restaurant group,
Ross owns more than 1,500 stores in 37 states under the banners "Ross Dress For Less" and "dd's DISCOUNTS," and it's opening more than 80 stores annually at a time when department stores are losing sales and shutting down hundreds of stores. "Their customers are of an older demographic who have been loyal for years and will not be easily taken over by Amazon," said Eric Ervin, CEO of Reality Shares, an ETF issuer and research firm whose funds own holdings in Ross Stores.
Retail stocks have slumped this year. While many chalk up the declines to competition from online retail behemoth Amazon (AMZN) , famed market expert Peter Schiff, CEO of Euro Pacific Capital, doesn't agree. "Amazon has been here for a long time - this is the worst year for retail - it's worse than 2008 and 2009," he said. "This is because consumers are broke - they have lousy jobs, they're loaded up with debt and they can't afford to buy stuff." He pointed to Foot Locker's (FL) 25% decline on Friday. Schiff isn't comforted by the double-digit gains in earnings growth for the past two quarters in U.S. stocks. "Let's see what happens if we go to a recession which is going to impeded [companies']
Former federal prosecutor Doug Burns on how the former IT staffer for Debbie Wasserman Schultz has been indicted for bank fraud.
Dear Moneyologist, I became ill suddenly and had to retire at 62. When I was divorced at 45 I had nothing. I re-grouped, saved, saved and saved, put two children through college and rose through the ranks at work. When I retired, I had two years of expenses in an emergency fund (it is still there), zero credit-card debt and have lived very frugally on my small pension and Social Security Insurance since then. When I was making six figures at work, I took out credit cards to get miles, rewards etc. I have quite a few. Because I am not using them, I am getting annual fees (I have about 10). I want to cancel these accounts because I’m wasting $1,000 a year in credit cards fees, which is sinful to
A cascading number of events over the past several months have forced Silicon Valley to finally confront its long-standing issues with diversity and sexism. To name a few: There was the blog post from former Uber Technologies Inc. engineer Susan Fowler, which detailed the ride-hailing startup's systemically bad treatment of women and kicked off a series of investigations into alleged sexual harassment; then several female entrepreneurs came forward with stories of sexual harassment and predatory behavior from influential venture capitalists; and earlier this month, fired Alphabet Inc. (GOOGL) engineer James Damore penned a sexist memo that circulated among employees, and later leaked, claiming that
Microsoft's latest security report makes a case for why Windows 10's Defender fallback is right for end-user security. Microsoft recently settled a fight with Russian antivirus (AV) vendor Kaspersky Lab that could have resulted in regulatory attention over claims that Windows 10 disadvantaged third-party AV. Kaspersky last week dropped its complaints after Microsoft agreed to several concessions that will appear in the Windows 10 Fall Creators Update, due out next month. Since Windows 8, Microsoft has enabled Windows Defender when a third-party AV expires. However, Kaspersky complained that Windows 10 notifications made it too easy for users to miss an expired subscription alert. Microsoft also
Steve Jobs famously owned very few shares of Apple, partly because he divested his stake when he was drummed out of the company in the mid-1980s. Asked later what he thought of dual-class stock ownership structures that younger founders used to keep control of their companies, he said he wished the technique had been popular when he co-founded Apple aapl . Larry Page and Sergey Brin used it to control Google goog , and when it went public they told investors not to buy the shares if they didn’t like the arrangement.
Over the past few years, ExxonMobil's (NYSE:XOM) investors have started to get a little concerned with the company's oil and gas production. Or, more specifically, a lack of production growth. Exxon has been known for decades as the steady ship in the stormy sea that invests rather consistently through the ups and downs of the commodity cycle. After a couple of years of belt tightening, though, its project portfolio did look a little leaner than it had in the past. This past quarter, though, management went out of its way to highlight two parts of its portfolio that should help quell those fears of production decline rather quickly. Here are a few quotes from ExxonMobil's most recent conference
On Monday, August 21, 2017, the entirety of North America will bear witness to an eclipse of the sun, with the path of totality stretching across the country, from Oregon on the west coast to South Carolina on the east. This is the first total solar eclipse visible in the contiguous United States (excluding Alaska and Hawaii) for 38 years, the last one being back in February 26, 1979. And while the worldwide web as we know it today didn't exist back in 1979, online services such as MicroNet and Bulletin Board Services (BBSs) were available to those brave pioneers and the hardcore technorati. The last time a total solar eclipse was visible from coast to coast was almost 100 years ago, on June 8, 1918, the same year that the crystal oscillator, the cornerstone of digital watches and many other digital circuits that we rely on today, was patented by Alexander M. Nicholson at Bell Telephone Laboratories.
Furious Chinese businesspeople said Friday that Beijing's decision to enforce U.N. sanctions on North Korean seafood imports would hobble the economy of an entire northeastern city, sparking a rare public protest earlier this week after the surprise move suddenly choked off border trade. Anger swept the city of Hunchun, home to hundreds of seafood processing plants, after Beijing began refusing entry Tuesday to trucks carrying tons of North Korean seafood. China announced Monday that it was cutting off imports of North Korean goods under U.N. sanctions imposed over the North's nuclear and missile programs.
After throwing in the towel on General Electric Company (NYSE:GE), the so-called “Murphy’s Law” was bound to get me. For quite some time, I was bullish on GE stock. Over the years, General Electric ended up as a jack-of-all-trades and master of none.
In a recent post on Vanguard’s blog, senior financial advisor Julie Virta invited recent and soon-to-be retirees to share some of the lessons they’ve learned about planning for retirement. The idea was to help people still working gain insights from those who’ve already navigated the retirement planning process. It’s easy to feel overwhelmed when planning for a long-term goal like retirement.
Five alleged terrorists were killed in a shootout with police in Spain's Catalonia region early Friday following deadly attacks there that killed at least 14 people and injured more than 100 others, according to Spanish authorities. Among the victims who died is an American citizen, the U.S. Department of State confirmed Friday. Catalan police said the alleged terrorists, who wore fake suicide vests and were armed with knives, were killed in the coastal town of Cambrils early Friday after striking pedestrians and police there with an Audi A3 vehicle. Four people, including a police officer, were injured in the vehicle-ramming attack and one civilian, a woman, was killed, according to Catalonia's
InvestorPlace contributor Ian Bezek sees this is a very good thing for Rite Aid and Rite Aid stock as it severely reduces the company’s debt while allowing it to keep most of its more profitable locations. At the same time, however, there are still naysayers in the investment community that wonder about Rite Aid’s chances of survival even after lowering its debt burden. “There still is plenty of talk going around on social media about Rite Aid going bankrupt, but this simply doesn’t make sense,” Bezek wrote August 11.
Aug.17 -- Aurelien Menant, founder and chief executive officer at Gatecoin, discusses the soaring price of bitcoin, regulations for the cryptocurrency and the possibility of it being a "safe haven" currency. He speaks on "Bloomberg Daybreak: Asia."
Gold drifted slightly higher in Asia with some attention shifting to a tense Himalayan standoff between India and China who fought a brief, but bloody border war over the territory in 1962. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange inched up 0.02% to $1.292.57 a troy ounce. India and China, the world's top two gold buyers, started a standoff two months ago when Indian troops confronted Chinese forces working on a road over the Doklam Plateau, a strategically important area near where Tibet, India and Bhutan meet, and which both China and Bhutan – an ally of India – claim as their own.
If you’ve held Apple (AAPL) for a long time, you’re probably feeling pretty smug. And you should—the stock is way up over just about any time period and has nearly doubled in the last five years: Apple’s Sparkling Performance Clearly, Apple is an amazing stock. But what if I told you we can top that 96.3% gain in the next five years? All we have to do is go someplace most investors aren’t. I’m talking about high-yielding—and almost totally ignored—closed-end funds. The three I want to show you today are the PIMCO Dynamic Income Fund (PDI), the Tekla Life Sciences Investors Fund (HQL) and the Western Asset Mortgage Defined Opportunity Fund (DMO). Because here’s something that might surprise you—they’re
By Jessica Resnick-Ault NEW YORK (Reuters) - Oil prices rose sharply on Friday, as the dollar fell and U.S. drillers cut rigs, feeding a rally that boosted global benchmark Brent crude to a weekly gain while U.S. crude was virtually flat
If you thought this week's drop in stocks was bad, a bear market, or a 20% decline in stocks, is on the horizon, according to Peter Schiff, CEO of Euro Pacific Capital. Schiff said the "Yellen put" in the markets could expire under President Trump. "I don't know if the Fed has much love for Trump," he said, adding that the Fed had the markets' back during the Obama Administration. One black swan event Schiff sees as a possibility is the notion of investors abandoning the euphoria over Trump's presidency, which helped fuel the stock market rally this year. "We've had a huge move up since the election of Trump even though prior to the election the expectation was if Trump won it [would be a disaster
Walmart Store Inc.'s (WMT) store of the future may appear to be scarily devoid of employees. In reality, humans will still work there, but expect to see more robots. In addition to Walmart starting to use 16-foot automated towers to distribute online orders, scan-and-go technology to replace cashiers and digital screens to answer customers' questions, it may eventually deploy robots to handle inventory. "One thing is for sure, employees will be in different roles," Greg Foran, president and CEO of Walmart, said in response to a question posed by TheStreet on Thursday, Aug. 17 during a media call. "Do I want to have a situation where in every Supercenter I've got a team of associates out in the
Oil prices have never fully recovered to their 2014 peaks, and the prolonged multiyear downturn has continued to zap SDRL and its rivals right in the pocket book. It seems for SDRL, that time is ticking for that debt load to finally eat the driller and its shareholders for lunch.
The news surrounding Qualcomm, Inc. (NASDAQ:QCOM) has not been good for some time. While the company’s battle with Apple Inc. (NASDAQ:AAPL) has garnered the headlines of late, concern about Qualcomm isn’t new. The weakness in Qualcomm has been driven by two primary factors.
Stephen Hawking has said he is worried about the future of the NHS, in a speech critical of government policy and Health Secretary Jeremy Hunt. The Cambridge University scientist, who publicly backed Labour in the election, accused Mr Hunt of "cherry-picking" evidence to support his policies. The 75-year-old also said he was concerned about the involvement of the private sector in the NHS in England. But Mr Hunt said some of Mr Hawking's comments were "pernicious". A statement released by the Department of Health after the text of the speech was given to the BBC in advance said extra money was being invested in the NHS and it had recently been ranked as a top-performing health system. Prof Hawking,