Category: Economic News

Economic News

Buffet, Bezos, and Dimon Plan to Form Health Insurance Company

by Jonathan Dyer
The debate over healthcare in America took an interesting turn this morning as executives from three major corporations announced their intentions to get into the healthcare industry. Jeff Bezos of Amazon, Warren Buffet of Berkshire Hathaway, and Jamie Dimon of JPMorgan Chase say they're joining forces to create a better healthcare alternative for their employees. While details are sparse at this time, as Yahoo Finance reports, word of this formation alone was...
Economic News

Multiple Businesses Announce Bonuses, Wage Increases Citing Tax Bill

by Jonathan Dyer
That said there's no denying that these bonuses will certainly help out a number of workers, even if it is likely only a temporary fix. In any case there's no doubt that we will see the debate over whether this latest tax bill is functioning as intended for quite some time.
Economic News

United Wants to Match Low-Cost Carriers on Price

by Jonathan Dyer
Yesterday our contributor Kyle took a look at the business model of Allegiant Air including the unique elements that allow them to offer such low fares. Incidentally, if United Airlines has anything to say about it, Allegiant's fare-cutting measures could be the norm soon enough. As CNN Money reports, United Continental's president Scott Kirby announced yesterday that he intends to take on the discount carriers of the world, saying, "The best way...
Economic News

Dow Reaches 26K, Sets Record with Speedy Rise

by Jonathan Dyer
Investors got some good news today as the Dow Jones Industrial Average reached another record high, hitting 26,000. While the question of whether these bullish gains will last or whether you may be headed for a major pullback are open for debate, the current rally has been an impressive one.