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NEW YORK (UPI) -- The Dow Jones ended with a second consecutive day of gains after a roller coaster session that saw it drop more than 600 points Thursday. At its lowest point of the day, the Dow Jones was down 611 points, before rallying back to close up 260.37, or 1.14 percent, to 23,138.82 at the end of trading. The S&P 500 fell as much as 2.8 percent, while the Nasdaq dropped 3.3 percent, but each closed the day […]
NEW YORK (UPI) -- The Dow Jones Industrial Average soared more than 1,000 points Wednesday for its largest-ever single-day point increase, as stocks rebounded from a historically poor Christmas Eve. The Dow Jones was up 1,086.25 points, or 4.98 percent, at the end of trading, while the S&P 500 rose 4.96 percent and the Nasdaq Composite increased 0.40 percent. Retailers helped lead the charge Wednesday, as shares of Wayfair, Kohl's and Dollar General all rose at more than 7 percent, […]
Blockchain technology is not a new thing, but when corporations announce their usage of the technology, the Internet goes wild. Retail giant Amazon made an announcement last month during their ReInvent conference that they were going to join the blockchain trend by starting two blockchain-oriented ledgers. The announcement was made by Amazon Web Services (AWS) CEO Andrew Jazzy regarding their newest endeavors under the blockchain -- Quantum Ledger Database (QLD) and Amazon Managed Blockchain (AMB). Jazzy admitted that their clients […]
Goodbye to Illinois’ $130 billion pension hole. Now it’s $133 billion. And getting deeper. Sometimes the clearest warning about Illinois’ fiscal crisis can be communicated using numbers, sometimes with a well-chosen phrase. Here we present both, as reminders during the period before a new Democratic governor takes office with a Democratic mega-majority, that the state’s messes will only worsen. Until lawmakers take decisive action. First, the awful numbers: For several years we’ve cited the figure of $130 billion to represent Illinois’ […]
The average American will spend around $800 on gifts this Christmas. But making those holiday buys in Illinois will leave many families wishing they could get more bang for their buck. Illinois passed its first state sales tax – 2 percent on all retail goods – all the way back in 1933. It not only replaced revenue that came from the old statewide property tax, but brought in a lot of new money as well. Fast forward to today: Illinois’ […]
WASHINGTON (UPI) -- The U.S. Food and Drug Administration said Thursday it was able to trace an E. coli outbreak to a California farm. The FDA's investigation identified a positive sample result for the outbreak strain in the sediment of a local irrigation reservoir used by Adam Bros. Farms in Santa Barbara County. The agency said the farm has been cooperating with the outbreak investigation and hasn't shipped any romaine lettuce since Nov. 20. So far 59 people in 15 […]
LOS ANGELES (UPI) -- A Federal judge in California ordered a final judgement of nearly $5 million to the family of Marvin Gaye for Robin Thicke and Pharrell Williams' copyright infringement in their song "Blurred Lines." District Judge John A. Kronstadt said the two artists must jointly pay Gaye's family damages of $2.9 million. Separately, Thicke must pay $1.7 million and More Water From Nazareth Publishing -- Williams' publishing company -- must pay $357,631. The final judgment, issued Monday, was […]
The "Fight for $15" an hour is back in Illinois, although it's not likely to be much of a fight and this time there's a bit of a twist. Democratic Gov.-elect J.B. Pritzker is telling anyone who will listen that he wants to gradually raise the state's minimum wage to $15 an hour starting in the first six months of his term that begins in January. Republican Gov. Bruce Rauner vetoed the last legislative attempt to gradually raise the state's […]
For the first time ever, the world saw more than 4 billion people log onto the Internet in 2018. Now that more than half of all human beings are online, technology innovations are bound to explode in 2019. Devices such as laptops and smartphones, which hardly existed just a decade ago, are now seemingly impossible to live without. Similarly, products which we have seen emerging in the last couple of years are expected to become part of the furniture in 2019. The […]
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