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…
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…
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…
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…
Netflix has reported third-quarter earnings and it’s a big miss. Their earnings, per share came in at $0.07 on revenue of $1.74 billion and is missing expectations by a long shot. Then following these results, shares were down as much as 14%. But the company’s earnings webcast last week helped…
Starbucks (SBUX) will be losing a cushy credit card payment processing deal with upstart Square, according to Square’s initial public offering filing. The processing deal, announced back in 2012, has been a huge money loser for Square since then. When the deal generated massive publicity because Starbucks also agreed to invest…
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…
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…
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,…
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%…