GM’s Strong First-Quarter Reaches Profit of $1.85 Billion

Posted on April 29, 2016Categories Featured News   Leave a comment on GM’s Strong First-Quarter Reaches Profit of $1.85 Billion

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”

The Internet Car Will Soon Be Here: A New Partnership Between Hyundai and Cisco System

Posted on April 26, 2016Categories Featured   Leave a comment on The Internet Car Will Soon Be Here: A New Partnership Between Hyundai and Cisco System

In an announcement on Tuesday, Hyundai Motor said that they would partner with Cisco Systems to develop Internet-connected car technology. This innovation is part of the automaker’s attempt to develop “high-performing computers on wheels.” The partnership is not a huge surprise. Recently auto and tech firms have been using their respective expertise to expand services that allow cars to hook up to the internet. Technological advancements that would make the self-driving car possible would be heavily dependent on such technology. … Continue reading “The Internet Car Will Soon Be Here: A New Partnership Between Hyundai and Cisco System”

Drug Prices Rising and Aren’t Expected to Go Down

Posted on April 15, 2016Categories Featured   Leave a comment on Drug Prices Rising and Aren’t Expected to Go Down

A report from data firm IMS Health showed that U.S. spending on prescription drugs rose 8.5% last year, primarily driven by the growing use of ultra-expensive new drugs and the rising prices of other medicines. Estimates showed that patients, insurers, and government programs spent a combined $309.5 billion last year on prescription medicines. The IMS Institute forecasted that the annual increase in U.S. prescription drug spending will slow to 4 to 7% through 2020 but will reach $370 billion to … Continue reading “Drug Prices Rising and Aren’t Expected to Go Down”

Las Vegas Named Top Trade Show Destination in the U.S. for 22nd Consecutive Year

Posted on April 14, 2016Categories Featured News   Leave a comment on Las Vegas Named Top Trade Show Destination in the U.S. for 22nd Consecutive Year

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”

Fact Check: Does Donald Trump’s Debt Plan Actually Work?

Posted on April 13, 2016, Updated April 13, 2016Categories Featured News   Leave a comment on Fact Check: Does Donald Trump’s Debt Plan Actually Work?

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?”

Obama’s New Rule to Protect Investors From Dishonest Brokers

Posted on April 11, 2016Categories Featured News   Leave a comment on Obama’s New Rule to Protect Investors From Dishonest Brokers

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”

Rise in Crop Prices Affecting Farmers

Posted on April 7, 2016Categories Featured   Leave a comment on Rise in Crop Prices Affecting Farmers

Recent reports show that corn prices have collapsed over the past three years, falling over 120%. Oat, soybean, and wheat prices have also dropped tremendously, according to the United States Department of Agriculture. Many farmers believe there are still things that can be done to turn the industry around. “There are always tweaks to the system,” Tom Vilsack, USDA Agriculture Secretary said. “I think we still have to give some farmers some flexibility in terms of the counties they select … Continue reading “Rise in Crop Prices Affecting Farmers”