Report says the average American made $44.6K last year

It might now feel like it but Americans’ wallets got fatter in 2014 than the year before, though the biggest gains are filtering to the top. In a recent report, it was found that the average American took in $44,569.20 last year. This is according to data released Tuesday by the Social…

Buying a home is not getting easier for Milennials

Buying a home should be getting easier for millennials but it’s not. Even with sustained gains in U.S. hiring in the last few months they are still not able to gather the funds. This is due to increased demand for a scarce supply of starter homes is pushing prices beyond…

ESPN could lay off as many as 350 employees

As many as 350 people could be laid off from their jobs at ESPN as early as Wednesday, Bloomberg reports. News of possible layoffs at ESPN was first reported by Jason McIntyre of The Big Lead in back in September. At that time, according to McIntyre, Disney had reportedly told ESPN to trim about $100…

Oprah causes Weight Watchers Stock to double

Oprah Winfrey buys 10% stake in Weight Watchers International With her investment in Weight Watcher International Oprah Winfrey caused the companies stock prices to double in just one day. Oprah Winfrey has announced she will buy a 10 percent stake in Weight Watchers International Inc. By adding her celebrity and consumer…

Apple bans data gathering apps

Did you know that 256 affected apps were made in China that were gathering data from your phone? These apps were available worldwide on the app store and were downloaded over 1 million times, according to app analytics service SourceDNA, which first discovered the problem. And now Apple bans data gathering apps….

Defense Spending: the full serve buffet will be a little less this year

The Pentagon is not really broke. The amount of money available just isn’t what it was before. Worst-case scenario, it will only have about $496 billion to spend this year. That is a huge amount of money, don’t get us wrong but that’s also less money than it used to have,…

Samsung tries to match the hype of the rose gold phone

It’s been released that Samsung will launch a “pink gold” version of its Note 5 “phablet” in South Korea, in a an effort to tempt customers to buy its new device over Apple’s own rose gold iPhone 6 which has been getting tons of buzz. The new color will launch on…

China could be the determining factor when it comes to commodities

It seems the rather painful sell-off in some commodities may be over for now, but a blast of major Chinese economic reports that are coming early next week could put any recent rallies to the test come next week. Many Wall Street strategists have said they see signs of a broader…

Americans paid how much in taxes last year?

It appears that Americans are sending record amounts of cash to Uncle Sam in the form of taxes. The scary thing is Uncle Sam apparently still needs more money. It has been reported that taxpayers have paid a grand total of $3.25 trillion (that’s right) in taxes for the fiscal…

It gets worse for Volkswagon: 8.5 million vehicles in Europe recalled

Things just got a little worse for Volkswagon. As we noted earlier in the week, there were problems because of the scandal over rigged emissions test in parts of Europe. Now Volkswagen has said it would recall approximately 8.5 million diesel-engine cars in the European Union (EU) after Germany requested servicing of…