Costco Drops Chaokoh Coconut Milk Brand After Use of Enslaved Monkey Labor Revealed

Costco dropped the Chaokoh coconut milk brand following reports that the Thai supplier is enslaving monkeys for labor. Costco decided to no longer stock the product, which is also being done by other retailers such as Walgreens.

Oct 29, 2020 01:58 PM EDT

Lee Family Faces Legal Battle Over Control of Samsung Following Chairman's Funeral

The family of Samsung Electronics' chairman Lee Kun-hee held a funeral for the late patriarch on Wednesday as his death put the control of the chipmaker, and the largest conglomerate of the country, into question.

Oct 28, 2020 02:23 PM EDT

Billionaire Faces Largest Tax Fraud Charges in US American History

Texas billionaire Robert Brockman was charged by Federal prosecutors with what was called the “largest tax fraud ever,” after an alleged $2 billion scheme.

Oct 16, 2020 10:05 PM EDT

Fed's Powell Calls on Congress to Amp Up Stimulus Spending

The chairman of the Federal Reserve, Jerome Powell called on the government to increase stimulus spending. Powell said that increased stimulus spending will help speed up the recovery of the economy from the pandemic.

Oct 11, 2020 12:45 PM EDT

Alibaba Sales Are Excellent But Fears Arise for a US Crackdown

So far Alibaba sales are getting better over the performance of other companies but something is lurking. That is the US that has been going after Chinese companies ike Huawei and TikTok are in danger.

Aug 21, 2020 02:51 PM EDT

Germany to Kickstart Trial Run of 3-year Universal-Basic-Income Worth $1,400 Monthly

A study to determine the effects of a universal-basic-income on the wellbeing of recipients and the economy is set to kick start in Germany. The study involves 120 persons who will receive $1,430 or €1,200 on a monthly basis for the next three years, which is also the amount that is just above the poverty line of Germany.

Aug 20, 2020 02:05 PM EDT

New York Projects Over $64 Billion in Losses in The Next Four Years Due to COVID-19

The coronavirus has deeply hit the state of New York in the past months. Due to this, the state has projected an estimate of $64 billion in losses in the aftermath of the pandemic over the next four years.

Aug 14, 2020 08:15 AM EDT

Surviving a Financial Crisis: Kinds of Credit Card Relief You Can Get

Despite the offers coming from companies who issue credit cards that provide instant relief to their cardholders, they still need to request assistance in order to qualify. Here are the things that you need to know and the types of credit card relief you can avail in times of financial struggle.

Jul 21, 2020 12:41 PM EDT

Louis Vuitton Bags: Why Are They So Expensive?

The social status symbol is never on discount and is expected to have a 20-year-duration or more. What makes such handbags pricey?

Jul 16, 2020 06:52 PM EDT

15,000 Employees at Risk of Losing Jobs as Airline Company Airbus is Hard-Stricken by Coronavirus

More than 15,000 jobs are planned to be let go by global aviation company Airbus after it expects massive repercussions from the coronavirus pandemic. The company stated the cuts will begin by the summer of 2021 and hopes it can recover by 2023.

Jul 01, 2020 10:36 AM EDT

How to set up an LLC in New Jersey

We review some of the ample reasons one should set up an LLC in New Jersey.

Jun 26, 2020 03:33 PM EDT

What is the Difference Between $4,000 Travel Tax Credit and Second Stimulus Check?

Millions of Americans are still waiting on the second wave of the COVID-19 relief fund. However, it is still being discussed on whether it should be given in monetary form or as a travel tax credit?

Jun 20, 2020 02:45 PM EDT

North Korea Makes Millions Out of Sand, Breaks Sanctions Selling Them

UN investigators stated that using a substantial sand-export operation, North Korea was able to rake last year at least $22 million. The Hermit Kingdom is making millions from its sand-resource but is breaking sanctions while doing so.

Jun 10, 2020 07:00 AM EDT

5 Black Billionaires in the World That Proves Personality is More Than Just a Skin Color

Black people have historically been successful in the fields of arts, politics, and culture but they are not often recognized in the world of business and finance. Here are five black persons who are now on top of the financial food chain and became billionaires.

Jun 10, 2020 09:04 AM EDT

Brexit News: No More Extensions for Brexit Transition Period

Even with the deadlocks in the trade talks, the UK has insisted that there will be no extensions that will be placed on the table anymore. Thus, this means that there is a big possibility that by the end of the year, the UK will no longer broker a trade deal with the EU on the World Trade Organisation (WTO) terms.

Jun 09, 2020 07:00 PM EDT