Mark Gongloff
Managing Editor, Business and Tech, The Huffington Post
- HuffPost
The Fed Threatens To Raise Interest Rates, Which Could Be A Big Mistake
The Federal Reserve has lost its patience with interest rates. Let's hope it doesn't lose the economy in the process.
- HuffPost
Why You Should Really Go To College, In 2 Charts
Some people might tell you not to go to college. Don't listen to them.
- HuffPost
Job Openings Jump To Highest Levels Since 2001
There were more than 5 million jobs available at the end of 2014.
- HuffPost
This Guy Just Made $1 Billion Betting On Oil Prices
A hedge fund called PointState Capital is currently enjoying that second state of cool, Bloomberg reported on Wednesday. The New York firm has made a $1 billion profit from betting that crude oil would crater, according to the report. Way back in May 2014, Bloomberg notes, PointState CEO Zach Schreiber publicly laid out a simple case for crude's impending collapse.
- HuffPost
The Sad State Of America's Middle Class, In 6 Charts
There should be little doubt that the middle class is in trouble.
- HuffPost
3 Reasons The Euro Just Crashed To Its Lowest Level In 11 Years
Book that European vacation now, America: It hasn't been this cheap in 11 years. As you can see, Europe's common currency has battled back a bit, but it's still in a deep pit. Thing Two: The European Central Bank is getting ready to buy a bunch of bonds to help the economy.
- HuffPost
Consumer Prices Just Fell The Most In 6 Years. Start Worrying
Good news, consumers: Everything's on sale! The bad news: Low, low prices aren't always such a great thing.
- HuffPost
Oil Prices Actually Aren't That Low, Historically Speaking
This has been great for American drivers, pushing gasoline prices down to less than $2 a gallon around the country. During that stretch, imported oil cost $33 per barrel, on average, according to data from the federal Energy Information Administration. As you can see, there have only been two times in the past 40 years when oil prices jumped to an inflation-adjusted $100 a barrel.
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Look At How Cheap Gas Is Everywhere
It's not just your town: Gasoline is cheap pretty much all over the country.
- HuffPost
Perhaps The Most Shocking Sony Hack Revelation
One of the most shocking revelations to come out of the Sony hack is that people are still saying stupid things in email. "You may think you’re alone at your computer because there's nobody sitting there, but you might as well be announcing it in a big stadium," said Nancy Ancowitz, a business communication coach, author and adjunct professor at New York University. Because it just keeps happening! The long list of embarrassing leaks from the maybe-North-Korean hack of Sony Pictures Entertainment involve many, many emails in which people say things for which they are apologizing now: Emails saying kinda racist things about President Barack Obama.
- HuffPost
Cuban Cigars About To Become Legal Again
It’s the end of an era: Cuban cigars are about to become legal again in the U.S. President Barack Obama’s loosening of trade and diplomatic relations with Cuba, announced on Wednesday, includes a provision that lets American travelers to Cuba bring back $400 worth of Cuban goods, $100 of which can be tobacco and/or alcohol. You just can’t sell the Cuban cigars, or the Cuban rum or whatever, to anybody else when you get back to the States.
- HuffPost
Why You Should Care About The Collapsing Russian Ruble
Plunging oil prices and economic sanctions have pushed Russia's economy to the brink of collapse. "Couldn't happen to a nicer dictator than Vladimir Putin," you might be thinking, but it could have repercussions for all of us. Russia's currency, the ruble, crashed to record lows against the U.S. dollar on Tuesday, accelerating a months-long selloff.
- HuffPost
Bank Analyst Actually Uses 'I Can't Breathe' As Title Of Research Note
“Investec apologises unreservedly for the inappropriate content in this morning's research note on Standard Chartered and for any offence caused. Investec analyst Ian Gordon wrote that U.S. regulators are stifling StanChart as punishment for breaking U.S. laws against doing business with rogue regimes such as Iran.
- HuffPost
Uber's Value Just Doubled To $40 Billion In 6 Months (Sorry, Haters)
While many of us have spent the past six months getting mad at Uber, Uber has spent the past six months making $22 billion magically appear. Uber's investors are apparently unfazed by bad press. It's also been rated F by the Better Business Bureau, protested by its own drivers, kicked out of Las Vegas and accused of dirty practices aimed at undercutting its rivals.
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You're More Likely To Inherit Your Dad's Social Status Than His Height
We inherit social status from our parents just as much as, if not more than, our physical traits.
- HuffPost
Top FT Editor Lambasts Piketty's Book Just Before FT Names It Book Of The Year
The Financial Times has declared that Thomas Piketty's Capital In The Twenty-First Century is the best business book of the year, which kinda-sorta makes up for that time it declared the book was riddled with errors. In fact, the FT editor who criticized the French economist's blockbuster, 700-page tome on inequality is sticking by his critique, even after his newspaper on Tuesday named Capital the winner of the 2014 Financial Times and McKinsey Business Book of the Year Award.
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Why Obama And The Democrats Can't Get Any Love For The Economy
The U.S. economy is growing, unemployment is tumbling and stocks are at record highs. Most of the benefits of the economic recovery that began in 2009 have accrued only to the wealthiest Americans. Middle-class Americans, meanwhile, have been left behind.
- HuffPost
All The Wealth The Middle Class Accumulated After 1940 Is Gone
Here's more proof the middle class is dying. The middle-class share of American wealth has been shrinking for the better part of three decades and recently fell to its lowest level since 1940, according to a new study by economists Emmanuel Saez of the University of California, Berkeley, and Gabriel Zucman of the London School of Economics. In other words, remember the surge of the great American middle class after World War II?
- HuffPost
Janet Yellen: Rising Income Inequality Could Seriously Harm The U.S. Economy
The Federal Reserve is sounding increasingly alarmed about income inequality. "The extent of and continuing increase in inequality in the United States greatly concern me," Fed Chair Janet Yellen said in a speech at an inequality conference in Boston on Friday.
- HuffPost
Dow Has Its Worst Day In Years Amid Global Market Freakout
October is a month known for market panics, including the crashes of 1929 and 1987.