The Labor Department released its numbers for initial unemployment claims on Thursday. The number rose by 9,000 but the government continues to be optimistic about the job market.
U.S. companies added 217,000 jobs in November but hiring outlook is grim
U.S. companies hired on more people than was expected for November. Despite the numbers, the economy continues to struggle in most areas and the future of hiring is looking grim by many accounts.
Poll shows American CEOs remain cautiously pessimistic about economy
American CEOs continue to take a dim view of the strength of the American economy.
Target’s website crashes after record Cyber Monday traffic
The volume of sales for Cyber Monday so far is already twice that of Thanksgiving numbers, the retailer’s busiest day.
Pending sales of previously owned homes in U.S. rises slightly for October
After several months of decline, pending sales of previously owned home rose in October. Though inventories have tightened and prices continue to rise, consumer confidence remains steady though cautious.
Brawls Erupt All Over Country as Black Friday Sales Are Off Over $1 Billion
Early retail reports are not good as retail sales are not as robust as predicted. Also, the stress of the season has reared its ugly head all over the country as fights and brawls have broken out everywhere.
U.S. Home Sales Crash in October Mostly Due to Escalating Home Prices
U.S. home sales fell in October after having made impressive gains all year long. Experts seem to think that people are balking as prices for homes have risen over the past couple of months.
Overstock.com Has Gold and Silver Hidden in Utah
Overstock.com has over $10 million in gold and silver, as well as food hidden in Utah.
Tesla Recalls Model S Sedans
Tesla is recalling Model S Sedans over a possible seat belt problem.
Novartis Fined $370 Million For Pharmacy Kickbacks to Push its Drugs
Drug company Novartis is ordered to pay a $370 million fine for fraud. The fraud lawsuit proved the company threatened specialty pharmacies to push certain drugs and paid them with kickbacks when certain sales goals were met.
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