Howard Schultz Opens a New Window. , the billionaire founder of Starbucks, might run for president as an independent. His potential candidacy illustrates the deep-seated economic divide we face: while the majority of Americans call for higher taxes Opens a New Window. on the wealthy, many billionaires still remain oblivious to how they have benefited from a system rigged to their advantage. READ MORE
Bill Gates says he should pay higher taxes, doesn't 'deserve' his fortune
Microsoft co-founder Bill Gates Opens a New Window. , one of the world’s richest men, once again claimed he does not pay enough in taxes Opens a New Window. .
During an interview with the Daily Mail, the 63 year-old business man said that while he has paid more than $10 billion in taxes, he “should have paid more.” READ MORE
Texas shatters 45-year oil record by pumping 1.5 BILLION barrels in 2018
Texas, the epicenter of the shale boom, is gushing with oil.
Production in the Lone Star State soared by 22% to 1.54 billion barrels in 2018, according to a report published on Tuesday by the Texas Independent Producers and Royalty Owners Association. READ MORE
Sears' controversial ex-chairman closes deal to buy the company, keeping 425 stores open
It's official: A hedge fund helmed by Sears' controversial ex-CEO has closed the deal to buy the beleaguered company for $5.2 billion. READ MORE
Elizabeth Warren blasts out tweetstorm asking Wells Fargo to fire CEO Sloan
The Wall Street Journal ran a story on Monday about big banks bracing for a “browbeating” by Sen. Elizabeth Warren, the Massachusetts Democrat who’s exploring running for president.
She didn’t disappoint. READ MORE
Sears lost millions over the holiday season
Sears needed a great holiday shopping season, but the struggling retailer missed the mark.
The company lost $318 million in November and December, according to financial results filed by the company. READ MORE
U.S. tribunal to review ruling on Qualcomm request for iPhone ban
The U.S. International Trade Commission (ITC) said on Wednesday it would review a ruling that a ban on imports of some iPhones into the United States was not in the public interest, even if Apple Inc infringed a Qualcomm patent. READ MORE
Fears about artificial intelligence are 'very legitimate,' Google CEO says
Google CEO Sundar Pichai, head of one of the world's leading artificial intelligence companies, said in an interview this week that concerns about harmful applications of the technology are "very legitimate" - but the tech industry should be trusted to responsibly regulate its use. READ MORE
Beloved Nashville Anchor Sues Meredith for Age Discrimination
In 33 years, Demetria Kalodimos broke news and won awards. She also got old READ MORE
'I begged them for help'--Wells Fargo foreclosure nightmare
Foreclosures can be extremely painful events. Imagine finding out years later that it was all a big mistake. READ MORE
Stock markets will close on Wednesday to honor George H.W. Bush
US financial markets will be closed on Wednesday to honor the memory of former President George H.W. Bush, who passed away late Friday at the age of 94. READ MORE
Dow surges nearly 617 points after Fed hints rate hikes will slow
Federal Reserve chairman Jerome Powell gave investors reason to cheer on Wednesday when he suggested that the Fed may slow down its interest rate hikes.
The Dow surged on the news and was up nearly 540 points, or more than 2%, in midday trading. The S&P 500 and Nasdaq each rose about 2% as well. READ MORE
UTC Completes Acquisition of Rockwell Collins
United Technologies (UTC) has received final regulatory approval to buy Rockwell Collins in one of the largest acquisitions in the history of the aerospace manufacturing industry. Under the new acquisition, Rockwell Collins will become Collins Aerospace in a combined re-structuring with UTC Aerospace Systems. READ MORE
Americans' dream jobs and how to land them
Are your career aspirations lined up with your current job? Opens a New Window. If the answer is no, you’re not alone. READ MORE
The US economy is strong. Three signs it won't last
Economic expansions never go on forever. As the United States' long, slow recovery from the Great Recession stretches past the decade mark, regulators and economists are starting to get a little jumpy. READ MORE
Wells Fargo cuts 1,000 jobs across the U.S.
Wells Fargo & Co. is cutting about 1,000 jobs across its consumer-lending and tech-payments units as part of a much larger workforce reduction announced earlier this year. READ MORE
PG&E could be in big financial trouble if it's found liable for California's Camp Fire
If California electric utility PG&E is responsible for California's wildfires, it may not be able to afford the payouts it would owe. READ MORE
Does the oil meltdown signal economic trouble ahead?
Crude oil's sudden meltdown could be nothing to worry about. Or it could be a sign that the world economy is sick. READ MORE
Time, Cash Burn and Unsecured Creditors are Sears’ Enemies
Amid Sears Holdings Corp.’s request to sell certain debt instruments, there are liquidation rumblings connected with the bankruptcy case. READ MORE
Jamie Dimon, Tim Cook among America's top executives
For the second year in a row, Apple’s Tim Cook and JPMorgan Chase’s Jamie Dimon notched top spots in America’s best chief executives, according to money managers and stocks analysts surved by the Institutional Investor. READ MORE
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