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Money at Newser

Thursday, Nov 29

23

After 3 Days of Gains, Stocks Close Lower

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Stocks are closing slightly lower on Wall Street after a mid-afternoon rally faded away, the AP reports. The modest declines Thursday came after three days of gains, including the market's biggest jump in eight months on Wednesday.…

21

How Payless Got People to Pay Hundreds for Its Shoes

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Would you pay $640 for a pair of Payless shoes? You might think the answer is "absolutely not," but you haven't been to Palessi. In a recent ad campaign/social experiment, Payless took over a former Armani storefront in Santa Monica, Calif…

17

David vs. Goliath Beer Suit Ends With a Settlement

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MillerCoors and Pabst Brewing Co. settled a lawsuit Wednesday in which the hipster's brand of choice claimed the bigger brewer lied about its ability to continue brewing Pabst's beers to put that company out of business. The settlement…

16

Starbucks Finds a Way to Block Porn for Good

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You'll soon be able to sit in Starbucks without fear of accidentally viewing porn. Though watching pornography is against Starbucks' rules, there are no content blockers on the coffee giant's WiFi, meaning porn sites remain accessible. To…

14

Hawaiian Princess, 92, Alters Trust to Give Wife $40M

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A 92-year-old Native Hawaiian princess has changed her trust to ensure her wife receives $40 million and all her personal property, including her Chihuahua "Girlie Girl," according to court records. Abigail Kawananakoa inherited her wealth…

11

Report: VA Won't Repay Vets After GI Bill Snafu

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A major snafu has hit benefit payments to student veterans under the GI Bill—and congressional aides tells NBC that they have been told the veterans are never going to be paid back. The aides say they were told by the Department of…

Wednesday, Nov 28

23

Sierra Nevada's Idea for Helping Camp Fire Victims Takes Off

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Breweries across the US are joining forces to raise money for those affected by the deadliest, most destructive wildfire in California history. More than 1,000 beermakers will brew batches of Resilience Butte County Proud IPA, with 100% of…

Stocks Surge After Fed Drops Hint

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Stocks surged on Wall Street, powering a 600-point gain in the Dow Jones Industrial Average, after the head of the Federal Reserve hinted at slower interest rate increases . The market snapped higher shortly after noon Wednesday after…

20

The Markets Like What Fed Chair Powell Has to Say

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Federal Reserve Chairman Jerome Powell cast a bright picture of the US economy Wednesday and appeared to suggest that the Fed might consider a pause in its interest rate hikes next year to assess the impact of its credit tightening. Powell…

19

Trump Issues New Threat in Wake of GM Closures

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In the wake of General Motors' restructuring and layoffs, President Trump has followed up his threat to slash GM subsidies with a suggestion of new auto tariffs. If the 25% US tariff on small truck imports was also applied to imported cars…

Tuesday, Nov 27

23

Office Pool Gave Away Its Mega Millions Winnings

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Their office pool won a slice of the Mega Millions jackpot, but it was a really small slice. Fox News reports 126 NICU nurses at Mercy Children's Hospital in St. Louis, Missouri, won $10,000 in October's $1.5 billion drawing . After taxes,…

Indexes End Wobbly Day Mostly Higher

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Major indexes ended mostly higher on Wall Street after wobbling between gains and losses throughout the day, the AP reports. Health care and consumer products companies did better than the rest of the market Tuesday. Johnson & Johnson rose…

22

Trump Issues a Threat to GM

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President Trump took to Twitter on Tuesday to express his displeasure with GM's planned 14,000 layoffs and five plant shutterings; National Economic Council director Larry Kudlow did the same thing from the White House. In afternoon tweets…

18

Bollywood Star Pays Debts of 1.4K Farmers

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Amitabh Bachchan, one of the highest paid actors in Bollywood, briefly mentioned his desire to help farmers after one appeared as a contestant on the Indian version of Who Wants to Be a Millionaire , which he hosts. And boy, did he follow…