Oct 31, 2016, 3:06 pm EST
Peter Thiel has publicly expressed his support for Donald Trump and received plenty of backlash.
However, the tech billionaire stands by his convictions and he has issued a statement explaining why he believes Trump would make a good president, as well as why the media has taken everything he says a little to literally.
At an hour long presser at the National Press Club in Washington D.C., Thiel said he agreed to donate $1.25 million to Trump’s campaign after being asked for money from the Republican candidate, which he didn’t realize Trump needed. Read
Oct 31, 2016, 1:18 pm EST
New Jersey is introducing a new tax hike on gas and it will have customers paying significantly more at the pump.
Here are a few things to know about the New Jersey gas tax hike, as collected from Fox Business Network.
The new tax hike will add 23 cents per gallon to the price of fuel.
This will raise the gas tax in the state from 14.5 cents to 37.5 cents.
It takes New Jersey from having the second lowest gas tax to the seventh highest.
This is the first increase in gas taxes in the state in almost 30 years.
It is expected to bring in $16 billion in taxes per year.
The new gas tax will go into effect on Nov. 1, which is tomorrow.
The cost of goods and services in the state may increase due to the tax hike.
The average gas tax in the United States is 30 cents.
Citizens living in New Jersey will still likely see cheap gas prices through November, December and January.
However, it will be harder for them to find gas prices that fall below $2 per gallon.
The gas tax is expected to really start hurting residents’ wallets when next summer comes along and gas prices increase.
Gas prices still aren’t expected to be as bad as they were in 2007 and 2008, which is when oil was around $70 per barrel.
Current estimates have the price of oil remaining at around $50 per barrel in the upcoming year.
You can learn more about the New Jersey gas tax hike by following these links. Read
Oct 31, 2016, 11:56 am EST
I’ve written other articles that advise CEOs of public companies to keep their yaps shut when it comes to politics. To me, there is only downside to be had, because no matter what you say, you risk alienating half of your customers. It doesn’t matter how big or powerful your company is, if you anger enough people, revenues will be affected. This is relevant in regard to Twitter Inc (NYSE:TWTR) stock and Alphabet Inc (NASDAQ:GOOG, NASDAQ:GOOGL) stock.
Source: Freestocks via Unsplash
It’s difficult to say for certain why Target Corporation (NYSE:TGT) experienced massive revenue hits over the past few quarters. Some attribute it to their misguided, very public position regarding bathroom usage.
That’s entirely possible. Read
Oct 26, 2016, 4:05 pm EST
A new Bloomberg poll shows that Donald Trump is doing better in Florida than most gave him credit for.
The Bloomberg Politics survey notes that the Republican presidential candidate has a two-point lead over the Democratic nominee–45% to 43%. Previous reports showed Clinton leading the Southern state by four points–48% to 44%.
The poll has a 3.2-percentage point margin of error. Libertarian Gary Johnson has 4% of the vote, while Green Party nominee Jill Stein holds a 2% of the state’s 29 electoral votes. Read
Oct 25, 2016, 2:57 pm EST
ObamaCare will be officially higher next year.
The Affordable Care Act that President Obama helped to pass into law is quickly becoming more expensive for hard-working Americans looking to take care of themselves.
In fact, ObamaCare will increase by double digits over the coming year with the midlevel benchmark plan increasing by an average of 25% across the 39 states that use the health care plan via the federal program. Read