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Finance Stories

Military campaign against ISIS may cost $15 billion a year

However President Obama decides to go after the murderous Islamic State, the price of military action will be enormous: It will likely cost the U.S. $10 billion to $15 billion a year or more in stepped-up military air power and … Continue reading

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Tax inversions won’t stop until Washington gets its act together

The headlines are screaming that “tax inversions” are becoming an epidemic. The truth, however, is that this practice, seemingly becoming common, is much more complicated and perhaps not quite as harmful to the American economy as many might have you … Continue reading

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Heartbleed Hack Still a Threat Six Months After Discovery

Hundreds of thousands of corporate computer servers, routers and other Internet devices worldwide remain vulnerable to the Heartbleed Web-security flaw nearly six months after its existence was disclosed, security researchers say. More than half of the Forbes Global 2000 listing … Continue reading

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Why income inequality will keep growing

The ability to transfer wealth from one generation to the next is the driving force behind ending intergenerational poverty. Most wealth in the United States is gained from the appreciation of home values over time. Twenty-five percent of Americans’ wealth, … Continue reading

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S&P 500 closes above 2,000, could it hit 2,160 by year end?

Get your party hats out bulls. The SP 500 (^GSPC) has closed above 2,000 for the first time ever. This hated rally made it all the way to the next “big round number” when just a little more than five … Continue reading

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Could Elon Musk be the next Jobs or Edison?

More than 125 years ago, Thomas Edison changed the way the world consumed information by introducing the phonograph, motion picture camera, and, of course, the incandescent light bulb. More recently, Steve Jobs gave the world the iPod, iPhone and iPad, … Continue reading

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Boycott talk taints Burger King deal

Small, medium or large? The amount of outrage over Burger King’s deal to buy a Canadian donut chain could possibly determine whether the deal goes through — and helps Burger King dodge millions of dollars in U.S. taxes. Burger King’s … Continue reading

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GM ignition-switch fund receives claims for more than 100 deaths

By Jessica Dye NEW YORK (Reuters) – A program to compensate victims of crashes linked to a faulty ignition switch in General Motors vehicles has received claims for 107 deaths as of Tuesday, according to a spokeswoman for the lawyer … Continue reading

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US durable goods orders surge record 22.6 percent

WASHINGTON (AP) — Business orders for long-lasting manufactured goods shot up by the largest amount on record in July but much of the strength came from a huge surge in demand for commercial aircraft. Outside of transportation, orders actually fell. … Continue reading

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US durable goods orders surge record 22.6 percent

WASHINGTON (AP) — Business orders for long-lasting manufactured goods shot up by the largest amount on record in July but much of the strength came from a huge surge in demand for commercial aircraft. Outside of transportation, orders actually fell. … Continue reading

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