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U.S. Crude Oil Drops Below $60

Posted On December 11, 2014

(Undated) -- Crude oil prices are continuing to plunge. And while that may sound like great news, White House spokesman Josh Earnest says it's not really that simple.   West Texas Intermediate crude fell below 60-dollars a barrel yesterday on the New York Exchange. It's the first time in five years the U.S. benchmark has…

Stocks Rise, Oil Falls Below $60 A Barrel

Posted On December 11, 2014

(New York, NY) -- Oil prices continue to fall, but they're not taking stocks with them like Wednesday. The price of a barrel of crude fell below 60 dollars for the first time since 2009. That's turning into lower gas prices, which are believed to have boosted retail sales last month. A new report showed…

Obama Pushes Tax Reform, Export Expansion

Posted On December 11, 2014

(Washington, DC) -- President Obama is starting to lay the groundwork for legislation to tackle the nation's tax code. Speaking with his Export Council in Washington Thursday, the President explained why the corporate tax rate needs to be reformed.   Obama says he believes there's plenty of common ground with Republicans to change the code.…

People Snatching Classic Apple iPods On eBay

Posted On December 11, 2014

(Undated) -- If you own an Apple iPod Classic, it might bring you a nice holiday bonus. The MP3 player is fetching more than double the retail price, averaging around 400-bucks online, now that Apple has killed the outdated storage device. Five-thousand of the 160 gigabyte versions have already sold on eBay, with some that…

Jobless Claims Down Slightly

Posted On December 11, 2014

(Washington, DC) -- The number of people filing first-time claims for unemployment benefits is down a bit. The Labor Department announced Thursday that it received 294-thousand requests last week, which is just slightly less than the 297-thousand requests received the week prior. While the decrease is minor, most analysts hadn't been expecting any change at…