Month: April 2016

GM’s first-quarter profit broke record earnings in North America, added strong profits in China, and broke even in Europe. Americans paid record prices for new GM vehicles in 2016 for the first-quarter. Shattering Wall Street expectations, GM earned a first-quarter profit of $1.85 billion, surpassing last year’s profit of $953 million. USA Today reports that GM made $1.26 for earnings-per-share, which is well above the $1 consensus. GM shares rose to $33.38, a 3.7% increase and overall revenue increased 4.5% … Continue reading “GM’s Strong First-Quarter Reaches Profit of $1.85 Billion”

Las Vegas is universally known as a top tourist attraction, but a recent list of convention destinations found that Sin City is also the nation’s leader in trade shows. According to the Casino City Times, the Trade Show Network News (TSNN) annual award for the top trade show destination in the U.S. went to Las Vegas, NV, for the 22nd consecutive year. TSNN announced Las Vegas as the winner as part of its “2015 TSNN Top 250 Trade Shows in … Continue reading “Las Vegas Named Top Trade Show Destination in the U.S. for 22nd Consecutive Year”

Donald J. Trump wants to Make America Great Again, but he’s recently drawn scrutiny for his claim that he could easily pay down the national debt in eight years. Politicians and economists generally cite the U.S. national debt as being somewhere around $19 trillion. Of course, that’s in addition to the estimated $11.9 trillion in personal debt held by U.S. households, so far. So could Trump actually use his famous business accolades and alleged genius to make the country’s $19 … Continue reading “Fact Check: Does Donald Trump’s Debt Plan Actually Work?”

The Obama administration announced a new rule on Wednesday, April 6, setting a higher standard for stock brokers. The new rule, known as the Fiduciary Standard, requires retirement advisors to act in the clients’ best interest above all. Previously, brokers were required to just recommend investments that could be considered “suitable” for the client. However, after reports of numerous rip-offs in which brokers were suggesting investments that would result in higher payments for themselves regardless of the effect on the … Continue reading “Obama’s New Rule to Protect Investors From Dishonest Brokers”