Finance

How Much Did GOP Tax Cuts Save Big Banks?

The GOP Tax Cuts seem to be working for the big banks.

US stocks rise and bond yields set four-year highs

Gains for health care and technology companies and retails are taking stocks higher

Costco Employees Do Not Buy This From The Store

Although Costco has deals that both customers and employees enjoy, when the Business Insider asked 46 Costco employees what they wouldn't buy at the store several of them said they would not buy the produce. The reason why they would not buy produce is simply because it would not last them long enough. The chain is known for selling its products in bulk and employees said they cannot buy produce in bulk because they don't eat it all before it begins to rot.

Amazon worker wages

Amazon may one of the most valuable companies in the world - clocking in at over $750 billion - but half of Amazon's employees earned a lot less than the big boss... The median pay to work at Amazon last year was $28,446 and half of those employees earned less than that - meanwhile- Bezos took home $1.68 million last year in total compensation or 59 times more than the median salaried Amazon employee. --- The week started off talking about employees peeing in bottles because they couldn't get to the bathroom during a break. Now this? In a comparison - the median salary of a Facebook employee was more than $240,000. Why the big difference? Bezos said in his letter to shareholders- in part- that Amazon created more than 130,000 jobs last year- not counting acquisition and that the new jobs cover a range of professions from AI scientist to fulfillment center associates...

Sears' biggest shareholder offers to buy Kenmore…

Sears' biggest shareholder offers to buy Kenmore brand, other assets

This Movie Theater Won't Let Customers Wear…

It doesn’t matter if it’s a late night showing, if you’re wearing a onesie or pajamas, this theater won’t let you in!

Airline passenger fined after keeping free airline apple

The U.S. Customs and Border Patrol has fined a woman $500 for not declaring she was bringing a free apple into the U.S. that she received on her Delta Air Lines flight from Paris

Lobbyist tied to condo met with EPA chief…

In spite of denials, EPA chief Scott Pruitt did meet in his office last year with a veteran Washington lobbyist tied to the bargain-priced condo where he was living

Sears To Close More Of Its Locations

Sears is quietly closing at least two dozen stores in 17 states, in addition to the 166 stores that the company previously said it would close this year. Most of the stores on the new list will close by mid July, with liquidation sales beginning April 27. Sears has not publicly announced many of the store closings slated for July. Business Insider confirmed the list of closing stores based on information from multiple Sears employees. Sears spokesman Howard Riefs told Business Insider earlier this week that some employees at closing stores would be eligible for severance. "Those associates that are eligible will receive severance and have the opportunity to apply for open positions at area Sears or Kmart stores." Sears has cut its store count in half within the last five years. The company had 1,002 stores as of early February, down from 1,980 stores in 2013. It's closing another 103 stores this month, in addition to the 24 stores that will close by July. Here's the list of closing stores: Sears Park Mall, 5950 E Broadway Blvd. Tucson, Arizona Sunrise Mall, 5900 Sunrise Blvd., Citrus Heights, California Westfield Galleria at Roseville, 1191 Galleria Blvd., Roseville, California Solano Town Center, 1420 Travis Blvd., Fairfield, California Parkway Plaza, 575 Fletcher Parkway, El Cajon, California University Mall, 7171 N Davis Hwy, Pensacola, Florida Countryside Mall, 27001 Us 19 N, Clearwater, Florida Oaks Mall, 6201 W Newberry Rd, Gainesville, Florida Broward Mall, 8000 W Broward Blvd, Plantation, Florida Marketplace at Six Corners, 4730 W Irving Park Road, Chicago, Illinois Lindale Mall, 4600 First Ave. NE, Cedar Rapids, Iowa Columbia Mall, 2201 W Worley St, Columbia, Missouri Maplewood Mall, 3001 White Bear AVE N, Maplewood, Minnesota Meadowood Mall, 5400 Meadowood Mall Circle, Reno, Nevada Greece Ridge Center, 317 Greece Ridge Center Dr, Rochester, New York Independence Mall, 3500 Oleander Drive, Wilmington, North Carolina Asheville Mall, 1 S Tunnel Road, Asheville, North Carolina Southern Park Mall, 7401 Market St., Youngstown, Ohio Wyoming Valley Mall, 88 Wyoming Valley Mall, Wilkes-Barre, Pennsylvania Park North Shopping Center, 622 NW Loop 410, San Antonio, Texas Warrenton Village Center, 141 W Lee Hwy, Warrenton, Virginia Overlake Fashion Plaza, 2200 148th Ave NE, Redmond, Washington

Supreme Court wrestles with administrative law…

The Supreme Court is wrestling with a case brought by a former financial adviser known for his "Buckets of Money" strategy

Sears Is Closing Nine More Stores

According to Business Insider, "Sears is closing nine stores owned by the real estate investment trust Seritage Growth Properties... Sears sent letters to employees of at least two of the affected stores on Thursday, saying they would lose their jobs by July 29 at the latest." The 9 stores closing are in California, Iowa, Illinois, and Nevada. Liquidation sales of the stores will start April 27th, and the stores will officially close in July.

With lights from Toys R Us dimmed, sales plunge…

The repercussions from the demise of Toys R Us have begun to ripple outward beginning with Hasbro, which is reporting a loss and plunging revenue in its first quarter.

World's Largest Starbucks Has Line Down The Block

The Starbucks Reserve Roastery in Shanghai is the largest Starbucks in the world with a total square-footage of 30,000 square feet. The Roastery features in-house roasting, three coffee bars, an augmented reality experience designed by Chinese e-commerce giant Alibaba, and a special Teavana tea bar. It feels like an amusement park for coffee. Since opening in December, the cafe is usually packed with customers and, at peak times, has a line out the door.

US brands suffer collateral damage in Chinese…

Major global brands tell AP they've been punished by Alibaba after refusing exclusive partnerships with the e-commerce giant, which denies wrongdoing