Economy

Puerto Rico Debt Crisis: White House Will Not Bailout Commonwealth

Despite rumors to the contrary, on Thursday the White House made it clear that there are no plans to provide a financial bailout to alleviate Puerto Rico’s massive debt crisis

Digital Divide: Nonprofits Sue Sprint Over Spectrum Shutdown, a 'Near Lethal Blow' to Low-Income Internet Access

Usually it's considered good news when a company announces that it is phasing out an old technology for a new one. But one network upgrade announced by Sprint sparked a lawsuit this week.

Microsoft Joins With PC Companies in Windows 10 Advertising Campaign

In a major and unexpected move, several software and PC companies are coming to together for a joint marketing campaign pushing Windows 10.

Fantasy Football 2015: Justice Department, FBI Investigating Daily Fantasy Sports for Illegal Activity

The U.S. Justice Department and the Federal Bureau of Investigation have launched an investigation to determine if the business model of daily fantasy-sports operators is a form of gambling that violates federal law.

2016 Presidential Candidates: Bankers, Lawyers Prefer 'Legacy' Candidates Hillary Clinton, Jeb Bush

Their role as "establishment candidates" may make it hard for them to rally the energized base of their respective parties, but when it comes to bankers and lawyers, Hillary Clinton and Jeb Bush have no trouble winning support.

Social Security Recipients Won’t Get Cost-of-Living Benefit Increase Next Year

For the third time in the last decade, social security recipients will not receive an annual cost-of-living adjustment increase next year.

Puerto Rico, US Treasury Consider 'Superbond' to Fix Debt Crisis

Puerto Rico and the U.S. Treasury Department engaged in talks about a possible restructuring of the commonwealth's $72 billion debt, which would mark an important change in the relationship with the federal government.

Youtube Gaming Update Allows For Mobile Capture, Sponsorship Subscription

YouTube Gaming, the platform launched in August that lets viewers watch and comment on live streams of video games much like Twitch, will now allow for Mobile Capture in addition to a number of other features. With the update, gamers can directly stream and record games such as Hearthstone on their Android mobile devices.

The Internet of Things: The Next Digital Divide for Latin America?

Compared to the rest of the world, especially developing regions, the Internet in Latin America has quickly grown, and looks to be on a healthy path towards more connectivity in the next few years, despite the economic and political challenges facing some major countries in the region.

Affordable Care Act Penalty for 2016 Increases: Obamacare Third Open Enrollment Will Be Harder, Says HHS

The U.S. Department of Health and Human Services (HHS) has been preparing for what may be a more difficult open enrollment period, as penalty fees increase to new highs.

Wal-Mart Predicts Slow Growth For Next 3 Years, Decline in Profit

Amazon is thriving while Walmart is struggling Wal-Mart delivered some less than exciting news to investors at its earning forecast on Wednesday. Wal-Mart is predicting slow growth for the next three years and declines in profits for the 2017 fiscal year.

Apple iMac Retina Display: Company Unveils Updated Screen, Lower Price Tag

On Wednesday, Apple introduced updates to the iMac line of computers, bringing the Retina display to the smallest iMac, the 21.5-inch model, for the first time. Now every iMac has a Retina display of some sort, though there are still important differences between the different-sized iMacs.

Apple Patent Dispute: Apple Could Face Fine for Infringing Chip Patent

Apple might have to pay out over $800 million. Apple continues to use its A series processors in its iPhones and iPads, but the company might have infringed on a patent held by the University of Wisconsin on some of its older chips.

Best Smartphone Cameras: Sony Xperia Z5 Best Camera According to Tests, iPhone 6s Ranked 10th

Smartphone cameras were tested When looking for a new smartphone, customers might want one that takes high-quality pictures. According to a recent camera test on smartphones, an Android phone might be the answer.

What's Next: Alberto Ramirez Puts Playfan in Motion for a Safer, More Transparent Dating App

What if a dating app had an approach that incorporated more transparency, more trust, and none of the swipe-through, throwaway hookup attitude, built-in to its core?

Twitter Layoffs: Jack Dorsey Corfirms Layoffs in Tweet

One employee found out when his Twitter account was suspended Twitter announced Tuesday it will lay off up to 336 employees, or 8 percent of its workforce.

Peru Economy News: US Hedge Fund Threatens to Sue Andean Nation

Gramercy, a Connecticut-based hedge fund, has threatened to sue Peru over bonds issued by the country's former military regime.

These Are Acer's 2 New Unconventional Windows 10 Computers: Aspire R 14 & Aspire Z3-700

In the wake of Microsoft's announcement last week of two new Windows 10 laptop hybrids, Acer announced on Monday its own two hybrid PCs that will launch running the new Windows operating system.

Spanish Uber Rival Cabify Seeks to Expand in Latin America After Rakuten-led Funding Round

If you thought Uber already won the battle for supremacy in taxi apps, think again. Spanish rival Cabify just finished a funding round that packed $12 million more in its war chest, which it seeks to use in order to expand into more Latin American cities.

Dell Agrees to Buy Data Storage Provider EMC for $67 Billion

EMC helps companies store massive amounts of data. Dell will purchase data storage provider EMC for $67 billion, the company announced on Monday. The big announcement for Dell is part of the company's strategy to become a big player in business computing.