Economy

Wells Fargo CEO Says 'I Feel Accountable'

John Stumpf, CEO of Wells Fargo is getting ready for his appearance at the Senate hearing next week. His bank is the focus of controversy because of its illegal banking practices.

May 3, 2016 at 11:11 am

U.S. Airline Carriers To Keep 'Basic Economy' for Cheaper Flights

A report from the Economist suggests that U.S. airline carriers are remaining adamant about a new class of low-fare options offered in "basic economy." In spite of overwhelmingly negative reviews, carriers including United, American Airlines, and Delta Airlines continue to expand "basic economy."

March 14, 2016 at 2:40 am

United Steelworkers Applauds ITC Preliminary Decision Against Chinese Truck and Bus Tire Imports

United Steelworkers applauded the International Trade Commission decision on the antidumping and countervailing duty petitions against imported Chinese truck and bus. The petitions were filed by the USW at both the ITC and the U.S. Department of Commerce on Jan. 29.

March 13, 2016 at 12:40 am

Study Finds Millennials Would Leave Current Job For Opportunity

Opportunity is always knocking for millennials, according to the fourth annual survey of Millennials by consumer marketing agency Moosylvania. According to Pew Research, Millennial consumers comprise more than one-third of the U.S. workforce. This consumer group surpassed the Baby Boomers in 2014 and Gen X in 2015, and a large portion of the Millennial generation, aged 16-21, has yet to enter the workforce.

March 12, 2016 at 1:30 am

New Research Finds 80% Of Executives Are Not Informed About Their Organization's Performance

According to the Harvard Business Review, executional excellence is the number one challenge facing corporate leaders in the United States, ahead of innovation and growth.

March 9, 2016 at 2:50 am

‘Forecasts To 2020’ Report Finds Asian Home Health Care Market Expected To Reach $39.07 Billion

Research and Markets' "Asian Home Health Care Market by Product, Services, & Telehealth - Forecasts to 2020" report found the Asian home health care market is expected to reach USD 62.32 Billion by 2020 from USD 39.07 Billion in 2015, at a CAGR of 9.8% from 2015 to 2020.

March 9, 2016 at 1:20 am

Manpower Employment Outlook Survey Shows Strongest Q2 2016 Hiring Confidence is in India, Japan, Taiwan, Colombia and Guatemala

Hiring confidence is strongest in India, Japan, Taiwan, Colombia and Guatemala for the second quarter, with the weakest hiring forecasts being reported in Brazil, France and Italy. This is according to the latest Manpower Employment Outlook Survey, released today by ManpowerGroup.

February 22, 2016 at 2:17 pm

Auction.com Sells More Than 100 Bank-Owned Residential Properties In Puerto Rico Through Online Auction

All the properties to be auctioned are sold individually without renovations. The online bidding has already started on February 21.

February 21, 2016 at 4:32 am

South Korea Becomes Better In International Trade Than Japan, China

Despite having a decrease in export volume, South Korea has a better global standings in the recent data.

February 19, 2016 at 9:46 pm

President Of Venezuela Increases Gasoline Price By 6000 Percent After 20 Years, Devalues Currency

The move was to address the country’s triple-digit inflation and economic recession for more than 10 years.

February 17, 2016 at 5:24 am

Investor Fears Ease Out As Asian Shares Gain Momentum, China's Market Stabilizes

Oil prices also increased at the moment, becoming a major factor in the recent news.

February 16, 2016 at 10:50 am

Korean Magnates To Attend This Year’s Boao Forum in China

Samsung’s big bosses will grace the event and join the discussion on the bilateral relations between China and South Korea.

February 15, 2016 at 10:10 pm

Nigeria’s Oil Minister Says OPEC Members To Agree On How To End Global Oil Glut

In an interview, the oil minister revealed they have been talking about measures to lessen the oil supply without compromising their businesses.

February 11, 2016 at 1:38 pm

South Korea To Face China’s Economic Retaliation As It Attempts To Accept THAAD

Being South Korea’s top economic partner, China can lessen the number of Chinese tourists going to South, affecting its tourism industry.

February 10, 2016 at 2:18 am

N. Korea To Focus Exporting Local Products After Living in Isolation For Nuclear Plans

Kim Jong-un, apparently, is now focused on commercializing their beer and cosmetic products worldwide, just after the nuclear test.

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