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    US Producer Prices drop dramatically

    US producer prices recorded the largest drop in three years in April, according to CNBC.  Producer prices fell as gasoline and food costs fell, pointing to weak inflation pressures.  This will give the Federal Reserve flexibility to keep monetary policy accommodative.  The Labor Department said that its seasonally adjusted producer price index fell .........

  • Government probe obtains AP phone records

    The Associated Press reports that the Justice Department secretly obtained two months of telephone records of reporters and editors for the Associated Press in what the news organization is calling a “massive and unprecedented intrusion” into how news organizations gather news.  The government will not say ...................

  • Fed maps exit from stimulus

    Federal Reserve officials have mapped out a strategy for winding down the $85 billion-a-month bond-buying program meant to spur the economy, according to the Wall Street Journal. Officials indicate they will halt the buying in ..............

  • Hackers steal $45 million

    USA Todayis reporting that an alleged international gang of cyberthieves stole $45 million from thousands of ATMs in carefully coordinated attacks.  Authorities in Brooklyn alleged that $2.4 million was stolen from nearly 3,000 ATMs in the metropolitan area during a two day time period ...........

  • US jobless claims drop below 350,000

    The number of Americans filing for new unemployment benefits dropped to its lowest level in nearly 5 ½ years, according to CNBC.  Initial claims dropped by 4,000 to a seasonally adjusted 323,000.  Economists had expected ...............

  • Dow closes above 15,000

    On Tuesday, the Dow Jones Industrial average closed above 15,000 for the first time.  According to the Associated Press, an improving outlook for the economy and strong corporate earnings are making investors move into stocks.  The Dow has....................

  • Cyberattack warning

    Consumer websites for the FBI, White House, seven federal agencies and 130 small and large banks and credit unions have been targeted by the hacking organization Anonymous for Distributed Denial of Service, or DDoS  today.  According to ...........

  • Colleges offering tuition discounts

    Private US colleges are offering record financial assistance due to lower application rates, according to the Wall Street Journal.  The average “tuition discount rate”, the reduction off list price afforded by grants and scholarships hit an all time high of 45 percent last fall for incoming freshman, according to a survey being released today.  It is likely that ...........

  • Boston suffers $333 million of damage to its economy due to bombings

    The Boston Marathon bombings inflicted as much as $333 million in damage to the local economy in lost wages, retail sales and infrastructure damage according to preliminary estimates.  According to CNBC, total business losses within the “Impact Zone” were ......

  • What advice would a wealthy Business Owner give to someone seeking a job?  Part-time work?  More education? What other factors will make an unemployed job applicant stand out?

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