Donald Trump is getting a lot of heat right now over a pretty dry topic: his U.S. tax returns. Mitt Romney, who has been making the TV news rounds, claimed this week that he expects to see a “bombshell” in Trump’s tax returns, if only the candidate would release them….
Macy’s is turning several stores into discount outlets. Yep, that’s right-discount stores. Sadly this signals the end of the American department store as we know it. CEO Terry Lundgren has told analysts on a conference call that the brand is planning to put Backstage stores in 15 existing retail locations this year….
Due to the risk of fire, all lithium-ion batteries can no longer be shipped as cargo on passenger planes. That’s according to a new ban enacted by the U.N.’s International Civil Aviation Organization, which takes effect in April 2016. The batteries, used in cellphones, laptops and other mobile devices, have…
It’s a rare bright spot in a not so shining economy: South Africa’s winemakers are winning new markets around the world and with that they are carving out a niche for themselves. Although on a whole the country is struggling when it comes to a slump in demand for commodities, Africa’s most…
Stocks have gotten a slight lift lately in part from the many hopes that fears over a recession are overdone. That optimism could be a little premature. However, two key indicators are flashing warning signs: income tax withholdings and corporate profits. The withholdings data show taxes taken out of worker paychecks…
It’s only been about two and a half years but if you remember at that time Amazon increased the minimum purchase threshold from $25 to $35 for customers to qualify for free “Super Saver Shipping,” maybe not the end of the world but seriously a dent in your online shopping plans. But…
Hoverboard makers could get hit with recalls if they don’t get their acts together really soon. This is the message that the Consumer Product Safety Commission convey’s in a letter to manufacturers, importers and retailers released Friday. The letter warns that if safety standards aren’t met, the agency will issue recalls…
Just days after launching with a huge amount of fan fare, a cutting-edge device with a rock-bottom price is being blasted by industry officials and analysts. Ringing Bells unveiled its Freedom 251 smartphone on Wednesday. The phone touts features that included a 4-inch display, 1.3-GHz quad-core processor and 8 GB…
Uncle Sam is raking in millions of dollars from something people might not imagine- the record numbers of Americans giving up their citizenship each year. The U.S. government has collected nearly $12.6 million in fees since fall 2014, after quintupling the amount it charges for renunciations, according to a recent statement…
A bill to ban to imports from slave labor has passed the Senate and is headed to President Obama’s desk. The bill, known as H.R. 644, would block the imports of any goods “made with convict labor, forced labor, or indentured labor” if signed into law by the president. H.R….