Category: Business

Consumers Struggle to Get Answers From Equifax After Massive Hack – Newsmax

(Newsmax) After announcing millions of people were impacted by an unprecedented hack on its systems, Equifax Inc. faced a customer service nightmare as panicked masses turned to a website and customer service line set up to answer whether their most sensitive information had leaked. Equifax first learned of the breach in late July, but announced […]

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Report: CNN Could Soon Be Up for Sale – Newsmax

(Newsmax) AT&T officials are reportedly looking at selling off some of Time Warner’s key assets once they acquire the company — including CNN and celebrity news website TMZ, Deadline Hollywood reports.The officials believe the Justice Department will soon clear the way for AT&T’s $85 billion acquisition of the company, according to the website. They expect the deal […]

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Macy’s just signaled the end of department stores as we know them – AOL Finance

(AOL Finance)  Macy’s is morphing into a discount store.The department-store chain is testing self-service systems in its shoe departments and at its beauty counters, meaning customers would serve themselves instead of finding a salesperson to retrieve shoes or make eyeliner recommendations. This model copies highly successful off-price retailers like TJ Maxx and Nordstrom Rack. Customer […]

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Verizon Earnings Sink in Q1 2017 – Business Insider

(Business Insider / Reuters) Verizon Communications Inc on Thursday reported quarterly results that missed estimates and said it lost subscribers who pay a monthly bill despite the No. 1 U.S. wireless carrier’s re-launch of unlimited data plans. Shares of the company fell 2.3 percent to $47.80 in premarket trading. Net income attributable to Verizon fell to […]

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New Bill Passed To Audit The Federal Reserve

(CitizensOutpost) The House panel just approved a new bill that would create a government watchdog group that would audit the Federal Reserve’s policy decisions.  Similar bills have been passed before, but failed to gain traction in the Senate due to Democratic-led opposition.  Simultaneously, Senator Rand Paul (R-KY) has introduced similar legislation in the Senate in […]

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The Fed and the Trump Administration are in an Economic Race

(CitizensOutpost) In a bid to spark market inflation, the Federal Reserve may be accelerating its efforts to increase interest rates: On Wednesday, the U.S. central bank is almost universally expected to raise its benchmark interest rates, a move that just a few weeks ago was viewed by the markets as unlikely. And with inflation showing signs […]

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Survey: Starbucks CEO’s refugee comments sour customer views of chain, now he’s stepping down

(CitizensOutpost) When President Donald Trump’s first executive order was enacted, creating the widely disputed travel ban on predominately Muslim nations, Starbucks Corporation’s response to hire thousands of refugees became a point of contention between consumers. Schultz in a letter to employees said the promise of the American Dream was “being called into question” and that “the […]

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