Zuckerberg, Facebook, Lose Billions In Stock Drop
In less than an hour on Wednesday, Facebook tycoon Mark Zuckerberg lost $16.8 billion. But the real loser isn’t Zuckerberg: It’s the investors in Facebook, who watched the stock drop 20...
Sectors
Texas to Pass Iraq and Iran to Become World’s Third-largest Oil Producer
Thanks to increasing production in the Permian Basin in West Texas, Texas is set to pass Iraq and Iran to become the world’s third-largest producer of oil by next year. ...
Trump Reviving Deep State ExIm Bank?
President Trump's nomination for a new ExIm Bank president suggests he favors reviving the bank notorious for subsiding communist regime's acquisition of sensitive U.S. goods. ...
More Good News for the U.S. Economy: Job Openings Set New Record
Though jobs are plentiful, some economists are predicting a downturn, which recalls the truism that economic forecasting makes weather forecasting look good. ...
Federal Biofuel Mandates Are an Expensive Flop
Federal biofuel mandates have failed to accomplish their stated objectives while forcing consumers to pay higher prices for food and fuel, a new report concludes. ...
Empire State Survey: Manufacturing Optimism “Tumbles”
Since the Empire State Manufacturing Survey — taken by the New York Federal Reserve — measures the economic outlook of just 200 manufacturers in one state, its drop is really nothing...
The State Where People Are Afraid to Pump Gas — and the Gov. Wouldn’t Allow it
Should you need a license to pump gas? Some people seem to think so, which is perhaps why Oregon had a 56-year-old law prohibiting you from dispensing your own petrol. Now...
Another Accident That Could Have Been Avoided on Government-subsidized Amtrak
The National Transportation Safety Board (NTSB) reports that the Amtrak train that derailed on Monday on its way to Portland from Seattle was going 80 mph on a 30 mph track....
U.S. Economy Powers Through Hurricanes, Beats Forecasts With Three-percent Growth in Third Quarter
A strong economy is overriding economic turbulence, including the damage and unemployment from hurricanes, historical concerns about the 2018 midterms, and lower local and state government spending. ...
Many Surprises in Latest Jobless Claims Report
There are several surprises in the Department of Labor's new jobless claims statistics, pointing to an improvement in the economy. ...
Robots Making Humans More Efficient, Opening Up New Jobs
Robots are increasing efficiency in manual-labor jobs such as construction and warehousing, working right alongside people. But as some jobs are replaced, new ones will open up. ...
Pew Research: Gap Between Promises and Assets Widens for State Pensions
The eighth wonder of the investment world — compound interest — won't be enough to bail out underfunded pension plans. ...
Hotel Industry Using Government to Crush Airbnb
The hotel industry is lobbying government at all levels to impose regulations and taxes on Airbnb in an effort to stifle competition. ...
U.S. Rig Count Up, OPEC Influence Down
Despite OPEC’s attempt to manipulate world crude-oil prices to its benefit, the oil and gas rig count in the United States jumped by 15 last week and now sits at 824,...
Cash-only Medical Care Benefits From IRS Non-enforcement of ObamaCare Mandate
With the Internal Revenue Service's abdication, ObamaCare's doom is sealed. The free market, on the other hand, is gearing up to provide alternatives. ...