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First U.S. Marijuana Bank Proposed

Colorado Governor John Hickenlooper signed legislation proposing to create a financial bank for the newly legal marijuana business in the state. Banks do not currently work with marijuana businesses, as the drug is stilled banned by federal law. The new

Agnik Analytics Offers New Insurance Savings

Agnik is a Big Data analytics company assisting mostly in the insurance and automotive industries. The company has recently announced that it has partnered with Liberty Mutual Insurance, giving its customers savings on Liberty Mutual home and auto insurance. Image by

Hospitals Are Saving With Expanded Medicaid Coverage

A study by the Colorado Hospital Association shows that hospitals are saving millions in states that have expanded Medicaid coverage under the Affordable Care Act. On average, in states that expanded coverage, there was a $0.9 million decrease in charity

GM Apologizes For Recalls

General Motors recently recalled 2.6 million of its Chevrolet Cobalt model due to a an ignition problem. The automobile insensitively sent recall notices to the families of victims of accidents from the model. GM spokesman Greg Martin said that GM

Seattle To Increase Minimum Wage

The minimum wage in Seattle is set to increase to $15 an hour, making it the highest in the United States. The Seattle City Council unanimously passed legislature to raise minimum wage from the Washington state minimum of $9.32 to

Phil Mickelson Investigated For Insider Trading

Golf star Phil Mickelson is reportedly being investigated by the FBI and SEC for possible insider trading. Investigators are looking into Mickelson and gambler William Walters and their involvement with billionaire investor Carl Icahn. Icahn and Mickelson both deny any

Bank of America To Settle Probes

The second-largest bank in the United States may find itself paying over $12 billion to settle government probes. Bank of America Corp faces probes over shoddy mortgages prior to the financial crisis. It is reported that at least $5 billion

MasterCard Extending Zero-Liability

After security breaches like one of the magnitude of the Target scandal, MasterCard is making strides to make its cardholders feel safer. The credit and debit card company is extending its zero-liability protection to all PIN-based and ATM transactions, taking

No Rush To Raise Rates

President of the Federal Reserve Bank of Atlanta Dennis Lockhart says that he sees the economy rebounding after its rough start to 2014. Lockhart says that the Federal Reserve System needs to have patience with the labor markets and increasing

Goldman Sachs and JPMorgan Sued

Goldman Sachs Group Inc and JPMorgan Chase & Co have been accused of conspiring to manipulate the United States price of zinc. A representative for Goldman Sachs says that the company is “vigorously” contesting the lawsuit, while JPMorgan declined to

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