Category: Finance

Defense firms Harris and L3 Technologies will be merging into one company, according to a joint press statement released on Sunday. The merger will be “all-stock,” and will result in the creation of the sixth-largest defense contractor in the United States, according to a report from Reuters. “This transaction extends our position as a premier […]

At 6-foot-4, Matt Owen barely manages to stand upright in his van that he and his wife, Alli, have lived in for the last six months. Barely 28 years-old, the two engineers retired earlier this year on the $600,000 made in four years, intending to live the next few years traveling the United States. They […]

China reported a record trade surplus with the United States despite the ongoing economic dispute between Beijing and Washington. According to a report from Agence France Presse (AFP), the excess is worth around $34.1 billion as of September. Currently, China is exporting more than $46 billion worth of goods to the US, while only importing […]

73 years since World War II officially ended, two European countries are still seeking satisfaction from the German government over damages caused by the Nazi regime. According to a report from DW, both Greece and Poland are officially asking that Germany pay reparations to the two states for invading their countries during the war. Hitler […]

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 […]

This mischief-maker is out to prove that blockchain is not as secure as crypto-enthusiasts say it is. Look out for a message saying Einsteinium has been hacked and double-spent with all the details. Cross your heart and hope to die. That’s a Reddit user‘s promise. He’s been offered $800 to fulfill his bet. “Hey all,” […]

It’s not just banks anymore. It’s ATMs now, with ATM “cash and grab” crime on the rise. Last Friday, robbers in Anne Arundel County almost grabbed an entire ATM. It held cash with five figures. The Tuesday before, two men were imprisoned in Washington, DC, for beating a loader. The loader is the guy who […]

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. […]

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 […]

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 […]

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 […]

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 […]