Earlier today we learned that Walmart Inc. is purchasing e-commerce startup Jet.com for $3.3 billion. One of the stipulations for the deal is that Jet.com founder Marc Lore would stay on to run Walmart’s online retailer division. When Jet.com was launched in 2015 the company was said to be the Amazon killer. While that hasn’t…
The dollar lost ground on Friday on the heels of the Labor Departments release of a slightly worse than expected employment report, which allowed bond prices to rally, reducing yields across the interest rate spectrum. The data eroded the value of the greenback, which saw interest rate differential move in favor of the yen and…
Yesterday Major League Baseball and the Los Angeles Dodgers announced that the team had been sold to former Los Angeles Laker Magic Johnson and Guggenheim Partners for a record $2 billion. This is the largest price tag to ever be placed on a sports franchise. Some people are going to question whether or not this…
Over the last few months one of the hot topics has been whether or not it is fair that investment income is taxed at a lower rate than wages. A couple of weeks ago Republican presidential candidate Mitt Romney released his 2010 tax return and it showed that he paid roughly 15% tax on around…
Today marked the end of the third quart and the worst quarter for the US stock market since 2008. Remember 2008? Yeah I know it was one of those years that most of us would like to forget. So this last quart was also one to forget. The S&P 500 last 14.3% and the Dow…