Category: Business

People across the country are undoubtedly enjoying the plummeting gas prices. However, the oil industry is not sharing their delight: crude-oil prices decreased over 5% this week. Currently trading around $30 a barrel, oil prices this low could spell trouble for significant players in the U.S. oil industry. One word is on the lips of many major oil companies: bankruptcy. According to The Wall Street Journal, major investment bankers such as Morgan Stanley and Goldman Sachs predict that oil prices … Continue reading “Falling Oil Prices Could Spell Bankruptcy for Major Oil Companies”

Despite its economic challenges in recent years, the U.S. economy is improving year after year thanks to the addition of new jobs. And 2015 proved to be one of the best years yet, adding 2.65 million jobs to the economy. CNN Money reports that 2015 was the second best year the American job market has seen since 1999. Employers added 292,000 jobs nationwide in December, but the growth won’t stop there. Economists surveyed by CNN Money predict that another 211,000 … Continue reading “U.S. Adds 2.65 Million Jobs in 2015, Has 2nd Best Year Since 1999”

Honda is now recalling almost 6,800 Honda Accord Hybrids released between 2014 and 2015. The recall is in response to an electrical flaw that can shut down the car’s gasoline engine, leaving the vehicles to run on battery power. The issue lies in the Accord Hybrid’s cell voltage sensor (CVS), reports the Christian Science Monitor. In a statement, Honda said that the CVS may not have enough “electrical noise toughness,” which can result in the incorrect interpretation of electrical noise. … Continue reading “Thousands of Honda Accord Hybrids Are Being Recalled for Engine and Electrical Problems”

According to a recent CNBC report, saving for retirement is an increasing struggle for homemakers and single seniors, who are more often women than men. For the more than 40 million Americans age 65 and older, who make up 13% of the population, retirement is nearing closer and closer every day. But the problem comes for the 51% of homemakers who have no saving and retirement strategy whatsoever. Because 81% of homemakers are women, this means a big issue for … Continue reading “Retirement Harder For Female Homemakers”

United States stocks rose suddenly in anticipation of a crucial Federal Reserve meeting. A two-day meeting of policy makers will focus on whether or not to increase interest rates — something that has not been done in more than a decade. Investors and economists who have debated the topic are split about what the Fed will or should do with the interest rates. There is much to consider on the topic, starting with the fact that the housing market is … Continue reading “Stocks Rise in Anticipation of Fed Meeting”

There are few things we Americans love more than air conditioning. Air conditioners provide an essential respite from the sweltering heat of summer, helping us stay cool and comfortable no matter what it’s like outside. And with 90% of new homes in the U.S. coming equipped with air conditioning, it’s a near guarantee that you’ll have an air conditioner in your living space. But what if there was a way to make your air conditioning system do even more for … Continue reading “How Tado’s New Smart Thermostat Could Slash Your Energy Bills”

Board up the windows and batten down the hatches — El Nino is on its way to the West Coast. At least that’s what the National Weather Service is calling for. A local CBS San Francisco Bay Area affiliate, KPIX 5, reported Monday they are placing the chance of seeing the storm this winter at 90%. This news is far from breaking as it has been a general belief in the meteorology community this summer, but one of the effects … Continue reading “West Coast Prepares for El Nino with Some Help from Roofers”