The stock market dropped sharply on Wednesday, with the Dow Jones dropping by more than 800 points -- making it the worst day since February of this year. The NASDAQ and the S&P 500 were also touched, with both markets closing more than three percent in the red. According to a report from CNBC, technology stocks led the nosedive as the sector had its worst day since … [Read more...] about Stock market took a huge dive Wednesday, and some fear the worst is yet to come
Joseph LaFave Articles
Hurricane Michael, a powerful category 4 storm, is on a collision course with the Florida Panhandle. The storm is expected to make landfall sometime on Wednesday. According to a report from The Weather Channel, this is the first category 4 storm to strike the area in recent times. It will produce life-threatening winds and storm surges. "I'll tell you to go back to the … [Read more...] about Hurricane Michael about to strike Florida: Which markets will be affected in the aftermath?
Climbing interest rates are already tugging on home building companies, pulling shares of these firms down as mortgages become more expensive. According to a report from CNBC, some home building stocks, like iShares Home Construction and SPDR S&P Homebuilder ETF, are down more than 20 percent since January of this year. The interest rate for a 30-year fixed rate home … [Read more...] about Higher interest rates weighing on construction companies and real estate markets
Google announced on Monday that it would be shutting down its social media platform "Google+" after a massive data breach was discovered. According to Reuters, the breach may affect up to 500,000 users and was most likely caused by a bug that infected the site more than two years ago. Although the bug was only announced this week, a report from Reuters states that Google … [Read more...] about Google+ shutting down; You might be one of 500,000 users affected by data breach
Financial managers and investors in the United States are beginning to see considerable discounts in emerging markets as the massive sell-off continues. According to Reuters, emerging market stocks have hit a 17 month low, and have fallen 21 percent since the beginning of the year. Emerging Market currencies are also down eight percent since March of this year. However, the … [Read more...] about Experts cautiously optimistic on emerging markets
US stock markets closed in the red on Friday thanks in large part to the shining jobs report published earlier in the week. While it may seem counter-intuitive, the positive job report has pushed the US Treasury to hike its bond yield, which is causing interest rates to rise. “There’s no question the job market in the United States is possibly at its best in a generation - … [Read more...] about Wall Street finished down on Friday after stunning jobs report
International aid is beginning to arrive in Indonesia six days after a devastating earthquake struck the island nation. According to a report from Agence France Presse (AFP), much-needed supplies are finally arriving after several delays prevented the aid from reaching survivors. The earthquake, which also caused tsunami waves that struck the country, measured in at 7.5 on … [Read more...] about Southeast Asian markets crumble after devastating Indonesian earthquake
Grayscale Bitcoin Investment Trust (GBTC), the lone "bitcoin investment trust" in the United States has lost about 80 percent of its total value in the last 10 months. A significant contributor to GBTC's downward spiral is its excessive fees, which are currently around 2 percent more than double the national average. The fees “are insane for these funds, and the current … [Read more...] about What’s the deal with Bitcoin?
The Ebola Virus outbreak in the Democratic Republic of Congo (DRC) is spreading so quickly, experts from the World Health Organization (WHO) believe the possibility that the virus will cross the border into Uganda is "very high." According to the Associated Press, two patients near the border region tested positive for the virus last week. This latest outbreak began in early … [Read more...] about Ebola continues to spread, threatens economies of the DRC and Uganda
After extended negotiations, Canada, the United States, and Mexico have all agreed to a new trade deal that will replace the North American Free Trade Agreement (NAFTA). The new agreement, which is called the United States-Mexico-Canada Agreement (USMCA) is being hailed as a win for all three countries. According to Reuters, the new deal ensures the survival of the "open-trade … [Read more...] about Canada and Mexico agree to new NAFTA terms
Despite stringent regulations aimed at curtailing money laundering in the European Union (EU), the crime is still rampant across several countries on the Continent. According to a report from AFP, an absence of cooperation between EU states is allowing criminals to continue laundering money through various banks. "There are problems relating to coordination at various … [Read more...] about Money laundering still a significant challenge for European Union
Almost everyone uses social media in one form or another. I can't think of anyone I know who doesn't have some presence online, whether it be a professional account on LinkedIn, a satirical account on Twitter, or a personal account on Facebook. Social media has become so ingrained in our society that its importance often goes overlooked. While social media can shape trends and … [Read more...] about Book Review: LikeWar emphasizes how social media shapes modern battlefields and political climates