U.S. about to reach debt limit
Treasury secretary, Jack Lew, has just stated that the U.S. is on the brink of reaching its debt limit. The news puts extreme pressure...
Amgen buys Onyx Pharmaceuticals for $10.4 billion
Amgen has just agreed to purchase Onyx Pharmaceuticals for nearly $10.4 billion in cash, giving the company access to three anticancer treatments.
Although Amgen is...
Financial innovation leads to greater risk
Financial innovation apparently leads to greater risk in markets, an economist from Massachusetts Institute of Technology (MIT) wrote in the Quarterly Journal of Economics.
But...
Abercrombie & Fitch announces very poor earnings
Abercrombie & Fitch announced very disappointing second quarter earnings last Thursday, with a 33 percent drop in profits - mainly due to weak consumer...
IMF – Monetary policies have bought you time, use it wisely
IMF Managing Director, Christine Lagarde, told top officials at the Jackson Hole Economic Symposium, Wyoming, that unconventional central bank monetary policies have bought the...
Encourage recycling by changing packaging
Why is recycling such a big problem nowadays? Why is it that some people don’t see a need to recycle or lack motivation?
New research...
Yahoo websites beat Google as most visited US websites in July
According to the latest comScore's Media Metrix ranking, websites belonging to the internet giant Yahoo are ahead of their number one rival Google.
The data...
MBA Graduates ten years later define success
A new case study has shown that INSEAD MBA graduates see success as much more than simply a good salary and position.
The study,...
Mortgage rates jump, USA
The benchmark 30-year fixed mortgage rate jumped to 4.74%, its highest point in over 24 months, says Bankrate.com’s weekly national survey.
The median 15-year fixed...
Household income 6.1% below 2007 levels
Although median household incomes in the USA have started to recover, they are still 6.1% below the December 2007 level, and 4.4% below June...