Wall Street just started the year on a low note thanks to concerns over Chinese growth that have continued to slam global markets. The Dow Jones Industrial Average dropped some 467 points, or 2.83%. The S&P 500 dropped 58 points, or 2.94%, while the Nasdaq Composite declined 138 points (2.92%). All ten S&P sectors were […]
Earlier today, Penn State University, which develops sensitive technology for the US Navy, disclosed that Chinese hackers have been sifting through the computers of its engineering school for over two years. As one of the largest and most productive research universities in the country, Penn State offers a veritable treasure trove of technology that’s already […]
This week, retailers such as Macy’s, JC Penney and Kohl’s have reported mediocre results. They’ve blamed this on a variety of factors, such as delayed inventory shipments, bad weather and fewer international tourists, although overall Americans are spending less and less on clothes and home furnishings. Such a trend could hurt these companies’ businesses in […]
Even with the economy’s recent recovery, the threat of losing ones’ job is forever looming. In the past, infrequent restructuring and layoffs were the only things that an employee had to worry about, but that’s changed quite a bit. For instance, as companies continue to go through bankruptcies and downsizing, job security could very well […]
With various investment firms curtailing or shuttering lines of business, particularly in debt trading, contractions have led former bankers to quit finance and put their experience to use in a new field, financial technology (fintech for short). By capitalizing on the changing regulatory environment, these companies offer risk management, data analytics, trading platforms and various […]
Frugality is an important factor of personal finance. That’s not hard to see at all, especially if you value the role that investments and savings play in long-term financial success. Finance blog Mr. Money Mustache is a huge advocate of this philosophy. But, as he reveals in this latest post, he faces some criticism for […]
While 2015 is still in its early stages, it doesn’t look too good for government-backed US mortgage bonds so far, which are off to their worst start relative to Treasuries since at least 1997. In the meanwhile, investors in the $5.5 trillion market are bracing for a surge in homeowner refinancing. According to Bank of […]
One of the great things about living below the Mason-Dixon is that it’s always grilling season. No matter what, I’ve always got regular access to the grills on my roof, giving me a chance of year-round high-quality food, an opportunity many of my friends up north don’t have. Yet sometimes, just grilling your stereotypical steak […]
These days, it looks like few Americans have faith in the Government. Various political scandals, often of a rather sinister nature, reach the ears of the media more often than before. Yesterday, the Senate Intelligence Committee released a 525-page summary of a 6,000+ page review of the CIA’s “enhanced interrogation” program. I recently came across […]
Grilling is an art, no doubt. I make an effort to grill whenever I get the chance: steaks, pork chops, sausages, vegetables and just about everything in between. I recently came across this article with some great grilling tips for enthusiasts like myself: 1. The debate over gas vs. charcoal is an old one indeed. […]
