Business

Consumer confidence hits highest level since December 2000 – CNBC

(CNBC)  Consumers were even more optimistic in October than economists polled by Reuters expected. Consumer confidence rose to 125.9 in October, according to the Conference Board. The index “increased to its highest level in almost 17 years,” Lynn Franco, Director of Economic Indicators at The Conference Board, said in a statement. That was in December […]

Business U.S. News

Social Security Administration Spending Tops $1 Trillion for First Time – CNS News

(CNSNews.com) –  In fiscal 2017, real Social Security Administration spending topped $1 trillion for the first time, according data published in the Monthly Treasury Statement.The Social Security Administration spent a total $1,000,812,000,000 in fiscal 2017, according to the Treasury. That was about 37 times as much as the Department of State spent during the year ($27,061,000,000), […]

Business Politics U.S. News

Trump to Nominate Simons to Lead FTC, White House Says – Bloomberg

(Bloomberg) President Donald Trump will nominate Washington antitrust attorney Joseph Simons as chairman of the Federal Trade Commission, the White House said Thursday. Simons, a partner at the law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP, would be appointed to a seven-year term and take over upon confirmation for Acting Chairman Maureen Ohlhausen, who has been […]

Business Conspiracies

Fascinating graphics show who owns all the major brands in the world – Sploid

(Sploid) All the biggest product brands in the world are owned by a handful of corporation. Food, cleaning products, banks, airlines, cars, media companies… everything is in the hands of these megacorporations. These graphics show how everything is connected. Consumer goods In the supermarket—as you can see in the graphic at the top—Mondelez, Kraft, Coca-Cola, […]

Business

LA Considers First Ever City-Owned Public Bank In US – CBS Los Angeles

LOS ANGELES (CBSLA) – Would a city-owned public bank address some of Los Angeles’ pressing issues — such as affordable housing, small business growth and financing for municipal projects — while also freeing the city from the influence of private banks who put shareholder interests over those of the public good? That’s what L.A. City Council […]

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 […]

Business

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 […]