According to a study conducted by personal finance site NerdWallet, it sometimes makes more sense to hold onto your frequent flyer points and use cash to pay for your plane ticket. The new summer travel study showed that in a few specific circumstances, using reward points is a financial mistake. NerdWallet examined 20 of the… Continue Reading
Due to huge cost overruns in two projects in Georgia and South Carolina, Westinghouse, the US nuclear division of Toshiba, has filed for bankruptcy protection. The losses have negatively affected the Japanese parent company, Toshiba putting the future of the conglomerate at risk. Toshiba announced that the bankruptcy will not harm Westinghouse, UK, which has… Continue Reading
Researchers at the University of Vermont have been working to encourage the cultivation of the world’s most expensive spice, saffron. The exotic spice comes from a fall-flowering crocus, which is now grown mostly in Iran. U of V scientists have already been raising the flower and extracting the valuable spice, and now would like to… Continue Reading
Since President Trump issued his first executive order banning refugees from certain countries from entering the United States, there has continued to be a flow of people into the country, since the ban was cancelled a federal judge. Nearly 2,500 refugees have entered the United States from banned countries since the day of the executive… Continue Reading
The Commerce Department reported factory goods orders up by 1.2 percent in January. That increase followed a similar increase of 1.3 percent in December. The two data points signal that the recovery in the manufacturing sector is accelerating due to the rise in prices for commodities fuel a greater demand for machinery. Factory orders are… Continue Reading
Treasury Secretary Steven Mnuchin explained on the Fox News program “Sunday Morning Futures” that President Donald Trump’s first budget proposal will refrain from any cuts to government entitlement programs. He also said that Trump’s scheduled address to the joint session of Congress this coming Tuesday will announce the new administration’s far-reaching plans to cut taxes… Continue Reading
The Department of Commerce reported that US business inventories were up better than expected in December, while sales rose by their biggest percentage since 2011. The announcement said that inventories went up by 0.4 percent, while November’s figure had to be re-stated as 0.8 percent in place of the previously announced 0.7 percent. Business inventories… Continue Reading
The United States government is investing about $1 billion in the power sector of Nigeria, said the coordinator of the program to light up Africa, Andrew Herscowitz. The plan, known as Power Africa, was announced at a media conference in Abuja, Nigeria last week. Herscowitz added that the US government has already committed several billion… Continue Reading
The Federal Aviation Administration awarded AirAsia X, the Malaysia-based budget airline, a license to fly to the United States. It is the first such airline to achieve this status. AirAsia X CEO Datuk Kamarudin Meranum said, ““It is an extraordinary achievement. Our expansion so far only focused on Asia, Australia and the Middle East. We… Continue Reading
Illinois, with the backing of the state treasurer, is looking to enact a law which will help ensure that insurance companies pay out benefits of life insurance policies which until now have not been distributed. The new legislation will compel companies to look at the last 20 years of payment history to check that all… Continue Reading