Lane Hanson
Lane Hanson is BusinessPundit's Economy Editor. He reports on major changes in the US and Global Economies.
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Canada’s unemployment rate rises to 7.3% as oil industry continues to suffer
The crash in oil prices is have detrimental effects on Canada’s unemployment rate. The country’s unemployment rate rose to a three-year high of 7.3% in February, marking the third consecutive month that Canada’s jobless rate increased. Canada is one of the world’s biggest oil exporters. At least 8,000 jobs were lost last month in the natural […]
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Jim Rogers is 100% sure a US recession will occur within a year
Rogers Holdings Chairman Jim Rogers says the US will sink into a recession within the next 12 months. During an interview on Bloomberg TV with Guy Johnson, the famous investor said the downturn is guaranteed. “It’s been seven years, eight years since we had the last recession in the US, and normally, historically we have them […]
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Iran won’t slow production to help raise oil prices
Iran on Wednesday said it would not restrain oil output as part of a global pact to freeze production and help prop up oil prices. The country’s officials are focused on recapturing the market share that was lost after years of US sanctions. Non-OPEC Russia and OPEC leader Saudi Arabia, have been in talks to […]
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Larry Summers explains why the $100 bill needs to be retired
The $100 bill should be put to rest according to former Treasury Secretary Larry Summers. Researchers at Harvard business school recently argued in a study that eliminating large denomination bills would have little downside for legitimate commerce, but would make it much harder for illegal enterprises to break the law. The report says the $100 bill, 500 […]
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Job cuts increased 218% in January with two big culprits
Job cuts increased by 218% in January, led by especially large cuts in the energy and retail sectors. Career placement firm Challenger, Gray & Christmas says American employers announced 75,114 cuts in the first month of the year compared to 23,622 announced layoffs in December 2015. Macy’s and Walmart led the way as both traditional retailers […]
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The List Of Potential Yahoo Buyers Is Already Forming
Yahoo could sell its core business and a list of potential buyers is already forming after a Wall Street Journal report on Tuesday said the company’s board is considering a sale Among the top prospect are Verizon Wireless, which recently acquired AOL for $4.4 billion in June, and IAC Interactive, the owner of 150 internet brands, […]
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Alibaba’s Jack Ma In Talks To Buy Newspaper
Alibaba founder and CEO Jack Ma is reportedly in talks to purchase the South China Morning Post, an English speaking newspaper. Bloomberg reported the talks Monday, citing two people familiar with the matter. Newspaper acquisitions are becoming a popular topic among internet tycoons these days. Jeff Bezo’s purchased the Washington Post for $250 million, while Facebook […]
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Google Photos Is Already Storing 3.8 Million Gigs Of Our Data
Google Photos is already responsible for the storage of 3,720 terabytes of pictures and videos. To store that much data on your own would require 3,809,280 one-gigabyte flash drives. CNNMoney says that equals 119,040 pounds of the thumb drives. Thumb drives can be purchased for around $2 a piece at 1GB these days, that means […]
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Some Employers Are Setting Up Plans To Help Pay Down Student Loan Debt
Investing in a 401(K) can help ensure that you live a more comfortable life at retirement. Unfortunately, many employees delay their 401(K) spending for years because of a tremendous amount of student loan debt. Realizing that employees need to start saving early on in their careers, one business has developed a student loan repayment program […]
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Spotify Thinks Netflix Is Crazy For Blaming Chip-Embedded Cards For Slow Growth And Retention
During Netflix’s quarterly earnings report last week the company blamed new chip-enabled credit cards for its slow growth and poor retention numbers. The company claims that customers didn’t update their card numbers, allowing their Netflix accounts to expire. Music streaming service Spotify things Netflix has offered a very poor excuse for its growing pains […]
