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Ford Developing Self-Driving Cars

Posted On January 23, 2015

(Palo Alto, CA) -- Ford is speeding up its plans for self-driving vehicles. The motor company announced yesterday that it's opening a research center in Palo Alto, California to develop so-called autonomous vehicles. Ford says the new facility will be one of the largest automotive research centers in Silicon Valley by the end of the…

Study: iPhone Users Are Smarter

Posted On January 23, 2015

(Undated) -- A new study says iPhone users are smarter than Android users. The study by the Chitika advertising network found that states with more college graduates tend to have higher iPhone sales. They also found that increased wealth is linked to greater iPhone sales. Chitika admits that the study was "not comprehensive," but other…

U.S. Banks Losing Billions As Interest Rates Remain Low

Posted On January 23, 2015

(Undated) -- U.S. banks are resigning themselves to a future of low bond yields as long-term interest rates stay low. The situation is costing the country's 20 biggest banks two and-a-half billion to three-billion dollars a quarter. That comes from banks not investing customer deposits in longer-term bonds. They're holding the money in cash or…

Gains On Wall Street After European Stimulus Plan

Posted On January 22, 2015

(New York, NY) -- Stocks closed up Thursday after the European Central Bank announced a huge stimulus program. All three major indexes were up over one and a-half percent after the ECU said it would buy about 70-billion dollars worth of assets per month to boost the sagging euro zone economy. The Dow Jones Industrial Average…

American Consumer Optimism At Four-Year High

Posted On January 22, 2015

(Undated) -- Americans are feeling better about the economy. That's according to the Bloomberg Consumer Comfort Index, which shows that American expectations for the economy are the highest they've been in four years. According to the report, 36-percent of people say the economy is getting better, up from 32-percent last month.