Scam Alert: New Chip Card Scams

Have you gotten one of the new EMV-Chip cards? There have been a recent slew of scammer driven programs that are trying to get information from innocent people just trying to update their cards. Thieves are sending out emails pretending they are your bank or a service hired by your…

It’s getting hard for Venezuela to feed itself

Inflation that is rampant is nothing new to the Venezuelan economy.  However in a sign of just how severe the situation has grown for some people there, food prices spiked by 22.2% in August from the previous month, according to new research on the country. The inflation figure we see…

Are you ready? Stocks are about to take the next big test

Corporate earnings season should pick up steam on Wednesday and that will be the next big test for stocks. Take note that big financials like Bank of America, Wells Fargo and BlackRock will report ahead of the opening bell, followed by  J.P. Morgan and their disappointing results late Tuesday. J.P. Morgan earned $1.32 per share,…

Is the ‘revenue recession’ getting worse?

When it come comes to this earnings season, the S&P 500 companies are expected to see profits drop by nearly 6%. It’s the top line of companies’ income statements that could actually be the biggest concern for all of us. Currently, third-quarter revenues are projected to fall to about 3.3%…

Are we closer to deflation that we think?

Much of the talk around Deflation these days is centered on the euro zone and parts of other emerging markets. However the bigger picture show the U.S. is dancing on the brink itself. It it wasn’t for a comparatively high inflation rate in the Western quadrant the truth is the U.S….

Wall St. flat as investors wait for bank earnings

This Monday morning, U.S. stocks were little changed as investors braced for a very busy week of quarterly results from the major U.S. banks and several Dow 30 companies. Recap Health stocks were down after Eli Lilly (LLY.N) said it was not persuing an experimental heart drug. Shares of Lilly fell…

No increase in Social Security next year

WASHINGTON (AP) It’s the only the third time in 40 years that millions of Social Security recipients which includes disabled veterans and federal retirees can expect to see no increase in benefits next year. This is really unwelcome news for more than one-fifth of the nation’s population. Why is this happening? They…

Volkswagen recalls diesel cars in China while Singapore suspends sales of them

  BEIJING (AP) Volkswagen has said on Monday that it is recalling 1,950 diesel vehicles in China to change engine software that it now has admitted cheats on emissions tests. Singapore has also suspended sales of the company’s diesel cars at this time. Last month the German automaker admitted that…

Michael Dell has sealed the biggest deal in tech history

  If you haven’t heard, Michael Dell has sealed the biggest deal in tech history. After his privately run PC maker agreed to acquire data storage maker EMC in a transaction. This Monday, Dell announced with MSD Partners and Silver Lake to buy cloud computing company EMC for roughly $67 billion…

Trump Criticizes Merkel Over Immigration

In the race for the republican nomination for the 2016 US Election, Donald Trump calls Angela Merkel insane over her immigration policy and says could be greatest ‘Trojan horse’ ever. You can read more here