Low credit? You’ll pay more. The New York Times reports this morning that several states have recently passed laws allowing higher interest rates and fees on customers with low credit scores. The states include Missouri, Kentucky, Arizona, Indiana, Florida and North Carolina. In North Carolina, higher fees and rates were initially opposed by an unlikely […]
The economy is one of the most important beats for any journalist. It covers prices, interest rates, trade, unemployment, wages, government spending, taxes, etc. Grant Hannis, who spent 14 years as a senior financial journalist at Consumer magazine, breaks down the basics.
Apple sold 39 million iPhones last quarter, shattering last year’s sales. The technology company made $8.5 billion in profit, according to the New York Times, which was 13.3 percent higher than 2013’s fourth quarter earnings. Analysts point to Apple’s skyrocketing sales of its new iPhones as one of the major reasons for its success, as […]
After a lot of extra-inning games, the 2014 World Series matchup has finally been decided. The Kansas City Royals and San Francisco Giants have some things in common regarding how they got so deep into October — both reached the Series via wild card games and strong bullpens. But that’s where the similarities between these […]
Global markets plummeted on Wednesday. Though Wall Street had a resurgence toward the end of the day, the Dow Jones industrial average dropped by 173.45 points yesterday. The dip came after a massive sell-off in Europe as the Eurozone continues to struggle. The New York Times says investors fear that governments don’t have the policy […]
Google and Amazon, ready for a street fight. Google announced an expansion of its same-day delivery service, which will now be called Google Express. Wired reports the service will expand to Chicago, Boston and Washington D.C. The company already offered same-day delivery for online purchases in San Francisco, Los Angeles and New York. Google isn’t the […]
Expect Nike to use Kevin Durant’s injury to its advantage. In September, Durant signed a 10-year $275 million contract with the Portland-based company and will now miss at least part of the 2014-15 season after fracturing his foot. Injuries and career setbacks haven’t stopped Nike and other apparel companies from making millions off of […]
Troubling news this week from the World Health Organization and the Centers for Disease Control and Prevention (CDC) about the burgeoning Ebola epidemic: the CDC issued a worst-case scenario forecast of as many as 1.4 million cases by January. While still largely confined to Africa, the Ebola outbreak is of growing concern worldwide and while […]