Brookstone files for bankruptcy

Bankrupt Brookstone Technology and furniture retailer Brookstone announced on Thursday that it will file for Chapter 11 bankruptcy. The company reported that it will close all of its mall stores but will keep its airport locations. Brookstone is still looking for a buyer and has received a $30 million loan to operate while it waits. […]
  • Ben Norman
  • August 3, 2018
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China will implement more tariffs

Tit-for-tat escalates China announced on Friday that it will implement up to 25 percent tariffs on $60 billion worth of US goods if President Trump follows through with his plan of taxing $200 billion worth of Chinese goods. The move is the latest in a tit-for-tat standoff between the two countries. Tariffs have been increasing […]
  • Ben Norman
  • August 3, 2018
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Tesla unveils limited edition surfboard

Hang loose! Tesla quietly rolled out a new product for beach lovers and wave carvers this weekend – a limited edition surfboard. The tech company offered just 200 surfboards for $1,500 each, but unfortunately for surfers who didn’t hear about the news, they sold out almost instantly. The board is able to fit into the […]
  • Ben Norman
  • July 30, 2018
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BMW to increase prices due to tariffs

Tariffs continue to impact companies BMW announced over the weekend that it is raising the price of its SUVs in China because of the steep cost of tariffs on US imports. The two SUVs that will be affected are the X5 and X6 SUVs – their prices will likely increase from anywhere between four and […]
  • Ben Norman
  • July 30, 2018
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Stock markets on the up-and-up

The stock market is currently thriving The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all closed at brilliant levels on Friday. The Dow reached 25,000 points, its highest in the past 30 days. Secondly, the S&P 500 hit its highest point in the past five months. And finally, the Nasdaq closed at a […]
  • Ben Norman
  • July 17, 2018
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Supreme Court Online Tax Ruling

On Thursday, the Supreme Court ruled that states are now allowed to collect sales tax from online retailers. The vote was close at 5-4. President Trump has been advocating for this ruling since his political venture started and he is happy about the decision.  When news broke about the ruling, Trump tweet, “Big Supreme Court […]
  • Peter Boyer
  • June 23, 2018
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GE kicked from Dow

GE faces the end of an era On Tuesday, the S&P Dow announced that Walgreens Boots Alliance will replace General Electric in the Dow Jones Industrial Average, marking the first time in 110 years that the company will not be in the Dow. GE has encountered a whirlwind of hardships in recent years, including a […]
  • Ben Norman
  • June 20, 2018
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Millennials are relocating to Sacramento

Sacramento has come in third as the city that millennials are moving to. This should motivate employers to move to the city as well. A recent report published by Smart Asset, a personal finance information company has revealed some of the top cities that millennials are opting to move to. One of which, unsurprisingly, is […]
  • Crystal Ng
  • June 9, 2018
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Shale boom in Texas means low unemployment – maybe too low

Bloomberg News reports that the Shale boom is having a paradoxical effect on local economies in areas of shale production. “It’s fueling the region and starving it at the same time.” On the one hand, tax revenues have received a huge boost from shale sales, allowing local governments, such as Midland, Texas, to carry out […]
  • Gabriel Slaughter
  • June 6, 2018
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