Bitter fighting in the UK's Parliament over a proposed Brexit deal is dragging on European markets and keeping the Euro and the US Dollar in a holding pattern. According to a report from Reuters, markets across Europe are responding poorly to the uncertainty coming from Westminster, and exchanges in the UK, France, and Germany were all treading water to stay afloat. The … [Read more...] about Analysis: How the uncertainty of Brexit is affecting markets
Joseph LaFave Articles
The White House slapped 17 Saudi Arabian government officials with economic sanctions in the wake of the murder of journalist Jamal Khashoggi. According to a report from Reuters, the sanctions were announced on Thursday, just hours after Riyadh announced it would be seeking the death penalty for five of the men accused of the killing. The US Department of the Treasury claims … [Read more...] about The White House just hit 17 Saudi officials with sanctions in retribution for Khashoggi’s murder
Popular cryptocurrency Bitcoin plummeted on Wednesday, crossing below the $6,000 mark for the first time in more than a year. According to a report from CNBC, the coin dropped by 7 percent and is currently worth $5,640.36, the lowest its been in 2018. The sudden fall was unexpected by many experts, as the coin's value has been more or less stable over the past several months. … [Read more...] about Horrible day for cryptocurrencies as Bitcoin and altcoins drown
Wildfires in California remain only about 30 percent contained, despite a massive effort by fire crews to stop the blaze. According to a report from Reuters, the "Camp Fire" -- as it is being called -- has thus far destroyed 125,000 acres, leveled a town, and has claimed 42 lives. 7,600 buildings, including thousands of homes, are believed to have been destroyed as well, and … [Read more...] about Wildfires, currently just 30 percent contained, continue to rock California as stock market responds
The Dow Jones Industrial Average fell by over 600 points after opening on Monday, thanks in large part to a poor performance from the technology sector. According to a report from NBC, the NASDAQ and the S&P 500 also finished in the red. However, their losses were minor compared to the Dow. Tech juggernaut Apple lead the plummet, as shares of the company dropped by five … [Read more...] about Apple stock falls after poor iPhone sales, taking tech and the market down with it
China's Alibaba Group, a major e-commerce website and company, reported record sales over the weekend during Sunday's "Single Day" holiday sales event, which featured several promotions and discounts. According to a report from Reuters, the firm boasted $30 billion in sales during the event, with $10 billion being taken in during the first 60 minutes. This year's sale surpassed … [Read more...] about Alibaba Group breaks sales holiday record — but will it be enough to save the firm’s year?
Today is Veterans Day, the one day a year where we as a country should come together and celebrate the hard work that the men and women of the armed services do every day to make the world a better place. For many veterans that dedication to service was the motivating factor to join the military, and as such, many continue to serve in other ways after returning to the civilian … [Read more...] about Five veteran-owned groups making the world a better place
The popularity of Bitcoin and other cryptocurrencies is growing in South Korea, and now advocacy groups are pressing Seoul to enact new legislation to make the currency easier and safer for Koreans to own. According to a report from Bitcoin.com, The Korean Bar Association (KBA), which is comprised of all of South Korea's lawyers, publicly announced its support for more … [Read more...] about Cryptocurrency gains popularity in South Korea, rest of the world still struggles to understand its legal complexities
The Federal Aviation Administration (FAA) issued two Airworthiness Directives (AD) for the Boeing 737 MAX-8 and 737 MAX-9 this week as a result of in the Lion Air crash on October 29, 2018. The crash, which resulted in the deaths of all 189 people on-board, is still being investigated by both Indonesian and Australian officials. According to Business Insider, The FAA issued the … [Read more...] about FAA issues orders regarding 737 MAX after Lion Air crash
Virgin Atlantic, the UK-based airline, is facing a potential strike by about half of its pilots who argue the airline's benefits program is unfair. According to a report from Reuters, one of the two pilot's unions -- Professional Pilots Union (PPU) -- is currently making initial preparations for a strike vote. Virgin Atlantic, owned jointly by the Virgin Group and Delta … [Read more...] about Virgin Atlantic scrambling to avoid pilot strike, crew deal may be finalized soon
When allied forces defeated Hitler and Nazi Germany in World War II, the victorious nations decided to divide control of Germany between the United States, the United Kingdom, and Russia. That division was the most pronounced in Berlin, where the communist Russian forces occupied the East, while the American forces occupied the West. The Russian Soviets cracked down hard on the … [Read more...] about The Berlin Wall fell 29 years ago today. Where were you?
Certain members of Wells Fargo executive leadership team were likely aware that the company's auto insurance branch was possibly overcharging customers for years, yet delayed on taking any action to rectify the situation. According to a report from Reuters, the problem was known about for almost four years before the bank decided to end the program. These allegations have … [Read more...] about What is wrong with Wells Fargo? Scandals, errors, and oversights continue to plague