With just a few hours in to 2013, the Senate approved the much talked about deal to avoid the “fiscal cliff” tax hikes and budget cuts, budget cuts that would especially affect social programs. With the decision coming technically too late, as it was voted on at about 02.07 a.m., and also considering that the […]
Reports on the possible agreement to avert the fiscal cliff have resulted to a strong close at the US stock market. The year ended with the S&P 500 higher by 13.4 percent, which is its highest annual close since 2009. Shares at the US stock market have gone up and down depending on reports coming […]
The NYSE Euronext was sued recently by a pension fund due to its planned sale to the IntercontinentalExchange Inc. The New Jersey Carpenters Pension Fund, which holds shares in the NYSE Euronext, indicated that the stocks of the company were undervalued by the deal. The complaint was filed by the pension fund at the Supreme […]
With the “fiscal cliff” coming in nine days, more concerns have started to emerge on the possible increases in taxes and cuts in spending if no agreement is reached. There will be no discussions on possible solutions to the problem between President Barack Obama and Speaker John Boehner during the holidays since both leaders are […]
In an effort to reach a “fiscal cliff” agreement with House Speaker John Boehner, President Barack Obama changed the household earnings limit for higher taxes to $400,000 from $250,000 last Monday. He also adopted the proposal for smaller increases in Social Security cost-of-living. Although the counter-proposal narrowed the gap between the two sides, aides of […]
Interest rates will be kept at a near zero level by the Federal Reserve until the unemployment rate reaches of 6.5, which may happen in the middle of 2015. However, the target date for the lower unemployment rate may be closer than what the Fed has predicted, according to a number of economists. Currently, the […]
With American morning the dramatic incidents that took place at the Sandy Hook elementary school in Newtown, Connecticut, speculations are being made that a new law regarding gun ownership will be drafted. With a series of gun related incidents this year that seem to have culminated in the disaster at Sandy Hook that ended in […]
With the “fiscal cliff” just around the corner, talks between the House Speaker and Ohio representative John Boehner and president Barack Obama seem to be moving along after weeks of stagnation. In an effort to move things along, Boehner offered to delay any fight over the debt limit by a year, a compromise that might […]
The Standard and Poor 500 hit its biggest high since October despite impending “fiscal cliff” danger, thanks to investments and rising shares in technology. Apple gained 3.1 percent and lifted the Nasdaq seeing how it is the largest U.S. company by market value. Apple seems to be recovering after a week where investors took profits […]
An agreement was made between HSBC and US regulators that will result to no charges filed against the banking giant even as it has to pay a huge financial penalty to settle allegations of money laundering. The bank will have to pay around $1.92 billion under the settlement that includes deferred prosecution by the Department […]
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