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Credit Suisse Admits Cheating the U.S. System

Credit Suisse Admits Cheating the U.S. System

http://wallstreetdaily-1.wistia.com/medias/ch9rcqir5i?embedType=seo&videoFoam=true&videoWidth=584 It’s about time! Credit Suisse (CS) finally admits the truth… It’s been cheating the system. Our U.S. Justice Department, at last, salvaged a guilty plea from the once-esteemed Swiss bank – scolding it for assisting Americans in skipping out on paying taxes. U.S. Attorney General, Eric Holder, proudly announced that CS agreed to plead...

Turkey Mine Disaster Indicates Poor Safety

Turkey Mine Disaster Indicates Poor Safety

http://wallstreetdaily-1.wistia.com/medias/bk5sso9q5c?embedType=seo&videoFoam=true&videoWidth=580 On Tuesday, a mine exploded in western Turkey, in the town of Soma, racking up a death toll of well over 200. Outbursts from mourning loved ones occasionally broke the silence on Wednesday morning. Still, one by one, officials carry the injured out of the mine… And yet, hundreds more may still be trapped...

The Billionaires' Favorite Playground

The Billionaires’ Favorite Playground

http://wallstreetdaily-1.wistia.com/medias/zvmt8dzngp?embedType=seo&videoFoam=true&videoWidth=580 For the first time ever, the number of billionaires in the UK has exceeded the 100-person mark. Welcome Cameron Mackintosh, a West End producer, who has taken advantage of London’s theater land, which has been nothing short of a goldmine. He’s the first entertainer to make the cut on The Sunday Times’ Rich List....

Uncertainty is What's Certain About The Economy: Yellen

Uncertainty is What’s Certain About The Economy: Yellen

http://wallstreetdaily-1.wistia.com/medias/89vy9ofz3h?embedType=seo&videoFoam=true&videoWidth=584 During the Joint Economic Committee meeting last Wednesday, Federal Reserve chairman, Janet Yellen, expressed one very important issue: risk… Risky Business According to her, the U.S. economy is facing quite a bit of risks stemming from geopolitical pressure to the job market, even in spite of an unemployment rate decrease. Yellen explains her concerns...

China’s New Mission in Africa

China’s New Mission in Africa

http://wallstreetdaily-1.wistia.com/medias/8llt399p2y?embedType=seo&videoFoam=true&videoWidth=580 Li Keqiang, China’s Premier (along with his wife), made an official visit to Africa recently. A surprising face, Chen Hong, a professor of English at the Capital University of Economics and Business, made a guest appearance, as well. This trip wasn’t business as usual, however. Typically, such occasions are driven by lucrative business contracts...

Apple Cracks the Sky With $600 Shares

Apple Cracks the Sky With $600 Shares

The services sector has expanded at its fastest pace in eight months, bumping stocks a little higher. The escalating violence in Ukraine is keeping gains in check, however. A late Friday warning from JP Morgan Chase (JPM) put financial stocks under pressure. But, for the first time since October 2012,  Apple (AAPL) closed above $600...

Oil-Rich Algeria Goes Green

Oil-Rich Algeria Goes Green

  Algeria, a land known for being oil rich, has made a conscious decision to add another string to its bow. It’s making a determined effort to cut waste and promote more green projects in the country instead. This means a two-fold strategy: more renewable energy projects and stronger support for recycling efforts. And one...

Why Obama's Laughing At Obamacare

Why Obama’s Laughing At Obamacare

Every year, the elite congregate at the White House Correspondents’ dinner. People of all different backgrounds, from journalists and politicians, to Hollywood stars and business executives, come to enjoy the festivities. This year, more than 2,000 people packed the Washington Hilton’s ballroom for the event. This past Saturday night, Joel McHale, a well-known comedian, got...

Pro-Russia Separatists Stir the Pot in Ukraine

Pro-Russia Separatists Stir the Pot in Ukraine

As if eastern Ukraine weren’t already in a storm of confusion and discord, pro-Russia separatists decided to up the ante. The radicals seized the regional government’s headquarters and the prosecutor’s office. Less than 30 kilometers from the Russian border, you’ll find a small city named Luhansk – which is exactly where the group targeted provincial...

U.S. GDP Crawls in Q1 2014

U.S. GDP Crawls in Q1 2014

Analysts predicted that the United States would jump leaps and bounds in the first quarter of 2014. But, the sobering reality is that U.S. gross domestic product (GDP) grew by a mere one-tenth of a percentage. This is more than disappointing, because Q1 2014’s performance is a small fraction of Q4 2013’s. So, though GDP...