On Friday, Wells Fargo & Co. reported a surprising 23% rise in first quarter profit. However, the bank’s mortgage business has showed signs of slowing while net interest margins shrink as well. Wells Fargo, the fourth-largest U.S. bank, has been considered the leading home lender ever since the financial crises. The bank’s recent decline in… Continue Reading
A recent Reuters report reveals that 496,000 Americans stopped pursuing employment opportunities in the month of March, bringing employment rates to a 4+ year low. Conway G. Gittens reports. Continue Reading
Nick D’Aloisio, a 17-year-old London schoolboy recently sold his smartphone news app to Yahoo! for $30 million. He advises anyone with a tech idea to just do it, explaining that the money is there, “just waiting for clever new moves.” “If you have a good idea, or you think there’s a gap in the market,… Continue Reading
Small businesses are supporting the modernization of South Florida’s Sun Life Stadium. The Miami Dolphins are hoping to gain public funding as well. According to the team, small businesses are hoping to benefit benefit from a sale tax rebate and a Miami-Dade County hotel tax are approved to fund the stadium improvements. “It just helps… Continue Reading
In the past, railroad company shares were considered cyclical, almost boring stocks when compared with growth stocks. About 8 years ago, oil prices climbed significantly, pushing transportation costs to an all-time high. As a result, the price of transporting goods and people also peaked. “In a world of high oil prices and potentially scarce energy… Continue Reading
A new trend is becoming increasingly popular amongst celebrities: wine. Fergie recently launched her Ferguson Crest brew from a Santa Barbara winery, while Drew Barrymore released her Barrymore Pinot Grigio from Italy. However, the most popular (and already successful) fresh sommeliers are the famous couple Brad Pitt and Angelina Jolie. Brangelina has unveiled a rose… Continue Reading
Warren Buffett, arguably the most famous “value investor”, recently discussed high quality stocks. In a letter to shareholders, he explained how Charlie Munger taught him the true meaning of value: “More than 50 years ago, Charlie told me that it was far better to buy a wonderful business at a fair price than to buy… Continue Reading
Geoff Richards, Principal at William Blair & Co., was listed amongst the 40 Under 40 honorees in 2009. In an interview with Chicago Business News, Richards explained what motivates him, and why he dedicates so much of his time to job preservation. William Blair & Co. is a financial services company focused primarily on money… Continue Reading
This year has seen its fair share of natural disasters, including the two storms Sandy and Nemo. Now, the United States are preparing for winter storm ‘Q’, which is expected to hit at the end of the week. These incidents have a direct impact on business throughout the country. Small businesses are especially affected. According… Continue Reading
According to Nick Bilton of the New York Times, Apple is currently working on a new project: an iWatch. Utilizing curved glass the perfectly fit a person’s wrist, these “smart watches” may not yet be in actual development. Bilton explains: “In its headquarters in Cupertino, California, Apple is experimenting with wristwatch0like devices made of curved… Continue Reading