EU sanctions against Russia would destroy Cyprus economy: FM

If the Europe Union were to implement economic sanctions against Russia then it could very well “destroy” the economy of Cyprus, according to foreign minister Ioannis Kasoulides, who spoke with a German newspaper last week. "There are very strong economic ties between Cyprus and … [Read more...]

Americans see real estate as top long-term investment: Gallup

The United States real estate market is still rebounding from its crash at the height of the Great Recession. The Federal Reserve continues to pump monthly stimulus into the system that currently benefits homeowners and it seems that Americans still feel owning real estate is a great … [Read more...]

Survey: The future is sci-fi with flying cars and teleportation within 50 years

Fifty years ago, humans believed that we would be colonizing the moon and potentially Mars, we would be flying hover crafts and teleportation would be a common method of traveling. In 2014, we haven’t accomplished any of those (yet), but humans are still optimistic that these are … [Read more...]

Industrial production rises higher than initial forecasts

Following a harsh winter that saw the economy experience a downturn, new data indicates that industrial production in the United States is gaining some momentum as it rose more than what was forecasted in the month of March. The Federal Reserve released figures Wednesday that … [Read more...]

German economy to grow nearly 2% this year, continue growth in 2015

Germany’s Ministry of the Economy announced Tuesday that the country will grow by 1.8 percent and continue that growth by two percent throughout next year. Europe’s largest economy slowed down last year and grew by just 0.4 percent because of a paucity of investment by private firms … [Read more...]

Report: Changes in Census survey will prevent true analysis of Obamacare effects

The New York Times published a bombshell Tuesday when it reported that the Census Bureau would be dramatically transforming the way its conducts its surveys that will make it extremely difficult to conduct any authentic analysis of the effects of President Obama’s Affordable Care Act … [Read more...]

Study finds nearly one-third of vehicles on road have unrepaired defect

Many have dubbed the past few months as the "season of recalls" as numerous automakers have ordered automobile recalls. The latest is Toyota, which is recalling more than 6.4 million vehicles around the world. Volkswagon also stopped selling one of its models after reports of leaks … [Read more...]

WGC Report: Chinese gold demand to rise 25% by 2017

Gold started off the year strong after a rough 2013, but entering the second quarter is showing that gold can’t break the $1,400 mark. At the time of this writing, gold is trading at just over $1,300, while its silver counterpart has fallen to under $20. This decline could prove to be … [Read more...]

900 SINs stolen from Canada Revenue Agency amid Heartbleed bug

The Heartbleed continues. The Canada Revenue Agency announced early Monday that approximately 900 Canadians have had their social insurance numbers (SINs) compromised from its website because of the heartbleed security bug. The tax collection agency said that it discovered the … [Read more...]

One lucky dog could end up with a $78,000 luxury vacation

When the family goes on vacation for a week or a month, the pet dog or cat is usually confined to the miserable conditions of a kennel. As the family enjoys fun in the sun, the dog or cat has to spend several days inside of a cage. It’s certainly not a fun experience for the average … [Read more...]

Plastic additives market to reach $58 billion by 2020

The global plastic additives market will be valued at $57.8 billion within the next six years, according to a new industry report released Thursday by Allied Market Research. The plastic additives market on an international level maintained volume at 12.6 million tons last year and … [Read more...]

Olympus slapped with lawsuit by six Japanese banks over 2011 scandal

Olympus confirmed reports Wednesday it was being sued by six Japanese trust banks seeking 27.9 billion yen ($273 million) for damages relating to a 2011 accounting scandal that consisted of $1.7 billion. The Tokyo-based company said in a statement that it had been given a notice by … [Read more...]

Local reports say Detroit in potential settlement with bond holders

Nearly one year after Detroit collapsed, the troubled municipality has finally reportedly reached a settlement with the city’s bankrupt unsecured bond holders, according to the Detroit Free Press, which cited unnamed sources in its article. This latest move could help the Motor … [Read more...]

Consumer borrowing jumps $16.5 billion, fueled by auto and student loans

The United States consumer is drowning in debt. Total personal debt has exceeded $16 trillion and personal debt per citizen is more than $50,000 – this does not include interest. According to the latest monthly data from the Federal Reserve, Americans are getting more into debt by … [Read more...]

Poll: Americans are concerned over personal-data collection by tech companies

Google Glasses, personalized search filters, wearables that monitor your heart rate and drone deliveries. These are only some of the latest technological development projects initiated by some of the most successful Internet and tech companies today, such as Google, Microsoft, … [Read more...]

Federal Reserve official warns central bank could delay QE taper

Last month, the Federal Reserve further reduced its third round of quantitative easing (QE) during its road to tapering. However, the central bank will maintain current Fed Funds Rate of near 0.000 percent – Fed Chair Janet Yellen has already confirmed that she does not have any … [Read more...]

Survey says: Americans are not saving for retirement

How do you imagine your retirement? Relaxation or hectic? Calm or anxious? Throughout previous generations it was thought that years in retirement were supposed to be filled with sleeping in, traveling the world, participating in scuba diving classes and spending time with your … [Read more...]

Executive pay rising, companies cutting back on lucrative perks

The United States economy isn't doing relatively well, but salaries among CEOs and other executives are, according to USA Today’s analysis of companies on the Standard & Poor’s 500 led by the same CEO for the past two years. The report discovered that last year’s median pay that … [Read more...]

Poll: Low- and middle-income families concerned about personal finance

The economic situation in the United States today continues to be one of the most important issues facing the country. The Federal Reserve has conceded that the labor market is worse than in any recession, the unemployment rate remains high and public and private debt are at record … [Read more...]

U.S. trade deficit widens by 7.7% to $42.3 billion

The United States trade deficit widened to the highest level in five months in February by 7.7 percent to $42.3 billion, according to a report from the Department of Commerce on Thursday. The bulk of the increase occurred from export declines in fuels and capital equipment, but … [Read more...]