Category: Business

It looks like our American shopping malls are on their last legs. Online shopping has become so popular with consumers that brick-and-mortar stores face a questionable future. A report released by the federal government last week showed that Americans are slowly but surely spending more money per month. They are eating out more often and buying more expensive products, for a total of 1.3% growth. Yet beyond eating at local restaurants, the report indicates that more consumers are opening their … Continue reading “Shopping Malls Are Failing As Online Retailers Rise to the Occasion, Government Reports”

Wentworth Maynard, a Georgia man, is suing a teenager who hit him in a head-on collisions, along with the mobile app that might have caused it. The lawsuit claims that Christal McGee, 18, was using Snapchat’s speed filter — which adds a user’s speed to a photo and Snapchat awards them with a “trophy” for posting their speed — at the time of the accident. We’ve come a long way since 1976 when Kodak owned 90% of all market shares … Continue reading “Teen and Snapchat Facing Lawsuit After Head-On Collision”

Virtually 95% of all Internet experiences begin with a search engine, whether it be search engine giant Google, or others like Bing and Yahoo. But, in China there is only one. Baidu shares 70% of the Chinese Internet market and abides by strict Chinese laws to filter out political information deemed by the government as illegal or harmful. Since Google is blocked in China, its people are forced to use Baidu to get all of their information. And now the … Continue reading “Chinese Search Engine Baidu Under Governmental Investigation After Death of User”

Detroit’s economy is finally showing signs of improvement, and these positive signs are beginning to trickle down to the city’s housing market. According to MLive.com, a first-quarter market report from the Southeast Michigan Council of Governments (SEMCOG) shows that homes in Metro Detroit are now selling in less than two months, which marks a considerable improvement from just a few years ago. In the past three months, sales of existing houses throughout Detroit have increased by about 7%. This coincides … Continue reading “Metro Detroit Real Estate Market Rapidly Improving as Economy Continues to Rebound”

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?”