Imagine losing your Gmail, Twitter, Apple ( AAPL ) and Amazon ( AMZN ) accounts in just one hour. That's what happened to Wired.com senior editor Mat Honan last August. He lost eight years worth of data and tells the tale in the cover story of Wired magazine's December issue.
In recent months, consumer confidence has risen as the unemployment rate has come down and the housing recovery builds momentum. This weekend's strong start to the holiday shopping season is another sign of an economy that's doing much better than feared. Related: Black Friday Weekend by the Numbers But the recession never ended for millions of Americans and many of them now face a frightening prospect: the loss of unemployment benefits.
Ask any non-partisan economist how this country can begin to address its debt and deficit problem, and the answer is "raise taxes and cut spending." Not raise taxes OR cut spending. Raise taxes AND cut spending.
Another Apple bull has jumped ship. Barry Ritholtz, CEO of Fusion Analytics, has been reducing his clients' positions in Apple ( AAPL ) since October and has even advised them to cut exposure to the tech giant by at least a third in their personal portfolios
Nick D'Aloisio did not have a typical 17 th birthday: instead of celebrating with friends and family, he was busy launching the second edition of his popular iPhone app, Summly . While most 17-year-olds are worried about SATs and prom, D'Aloisio has kept busy by creating a news summarization app with over $1 million in financial backing. Summly uses an algorithm to summarize news stories from the largest news organizations.
Jim Rickards has a message for investors and politicians monitoring talks between Congress and the White House to avoid billions of dollars worth of spending cuts and take hikes set to take effect January 1: Be careful what you wish for. "There are only bad outcomes," says Rickards, a partner at JAC Capital Advisors.
Hewlett-Packard ( HPQ ) shares tumbled 12% to a 10-year low Tuesday after the company announced a shocking $8.8 billion write-down and dismal quarterly results. In 2011, HP acquired London's Autonomy for $11 billion in a bid to move deeper into software and services
A lot goes into pricing a home: location, size, and upkeep are all things that realtors take into consideration. More and more, realtors are also using marketing psychology to price homes. Local traditions and superstitions are also considered when determining an asking price.
An estimated 43.6 million Americans will hit the road and 24 million will take to the skies this Thanksgiving Day holiday. That means potentially big traffic jams on the ground, long, frustrating waits at the airports and ultimately a lot more stress for the individual traveler.
Financial markets are once again having to focus on a number of events around the globe that could further unsettle investors already worried about the fiscal cliff in the U.S.