The World Bank Drops Global Growth Forecast

After the economy "got off to a bumpy start," the World Bank has cut its global growth forecast. The United States forecast has been dropped from 2.8% to 2.1% while 2015 remains unchanged. The World Bank does believe, however, that "growth is expected to pick up speed as the year progresses." Image by Victorgrigas via Wikimedia ... More

First U.S. Marijuana Bank Proposed

Colorado Governor John Hickenlooper signed legislation proposing to create a financial bank for the newly legal marijuana business in the state. Banks do not currently work with marijuana businesses, as the drug is stilled banned by federal law. The new legislation would put in place checking systems so that marijuana businesses do not ... More

Agnik Analytics Offers New Insurance Savings

Agnik is a Big Data analytics company assisting mostly in the insurance and automotive industries. The company has recently announced that it has partnered with Liberty Mutual Insurance, giving its customers savings on Liberty Mutual home and auto insurance. Image by User54871 via Wikimedia Commons. Continue to original source More

Hospitals Are Saving With Expanded Medicaid Coverage

A study by the Colorado Hospital Association shows that hospitals are saving millions in states that have expanded Medicaid coverage under the Affordable Care Act. On average, in states that expanded coverage, there was a $0.9 million decrease in charity care cost. In states that did not expand, charity care cost increased by $0.4 million ... More

GM Apologizes For Recalls

General Motors recently recalled 2.6 million of its Chevrolet Cobalt model due to a an ignition problem. The automobile insensitively sent recall notices to the families of victims of accidents from the model. GM spokesman Greg Martin said that GM is "deeply sorry to those families who received a recall notice." Image via Twitter/GM C... More

Seattle To Increase Minimum Wage

The minimum wage in Seattle is set to increase to $15 an hour, making it the highest in the United States. The Seattle City Council unanimously passed legislature to raise minimum wage from the Washington state minimum of $9.32 to $15. Federal government mandates at least $7.25 an hour. Image via Wikimedia Commons. Continue to original ... More

Phil Mickelson Investigated For Insider Trading

Golf star Phil Mickelson is reportedly being investigated by the FBI and SEC for possible insider trading. Investigators are looking into Mickelson and gambler William Walters and their involvement with billionaire investor Carl Icahn. Icahn and Mickelson both deny any involvement with each other. The investigation has been ongoing for ... More

Bank of America To Settle Probes

The second-largest bank in the United States may find itself paying over $12 billion to settle government probes. Bank of America Corp faces probes over shoddy mortgages prior to the financial crisis. It is reported that at least $5 billion of the $12 billion settlement would go toward consumer relief. Neither Bank of America or the ... More

MasterCard Extending Zero-Liability

After security breaches like one of the magnitude of the Target scandal, MasterCard is making strides to make its cardholders feel safer. The credit and debit card company is extending its zero-liability protection to all PIN-based and ATM transactions, taking effect in October. The protection currently only protects transactions made by ... More

No Rush To Raise Rates

President of the Federal Reserve Bank of Atlanta Dennis Lockhart says that he sees the economy rebounding after its rough start to 2014. Lockhart says that the Federal Reserve System needs to have patience with the labor markets and increasing rates, although many Fed members are concerned about the market tightening. Image via Twitter/... More