Economy

Puerto Rico Defaults on Paying Debt Due Monday

In light of the scheduled payment due Monday for Puerto Rico, which owes almost millions in debt from its investors, the island is paying out nearly $1 billion, a part of its debt that they previously announced as default since August.

Diversity in Tech: Apple Investors, SEC Could Push Company for More Diverse Executive Leadership

Apple could be forced by its investors to accelerate the recruitment of minority candidates for the company's highest levels of leadership, if a motion proposed by a Latino shareholder is voted on and passed. However, Apple may not allow the vote, as the company is pushing back against the call for more diversity in its top ranks.

Stock Markets: Dow Falls 450 Points After Chinese Stocks Drop, Trigger Global Concerns

The Dow is having its worst first day of the year in 84 years The Dow Jones Industrial Average reacted harshly to a big drop in Chinese stocks overnight, falling over 450 points on Monday, more than 2.

Jaime Rosenthal: Accused Money Laundering Ex-Honduran VP Cannot Be Extradited Until Crime Investigation Is Complete

The camp of accused money laundering Ex-Honduran VP Jaime Rosenthal said the politician and banker cannot be extradited until crime investigation in Honduras is completed, amid an extradition request from the United States.

Venezuela Stops Gas Exports to Colombia due to 'Climate Factors'

Venezuela's state-owned oil company Petroleos de Venezuela (PDVSA) is temporarily stopping the export of natural gas to its neighbor Colombia due to "climate factors", as confirmed by the Colombian Mines and Energy Ministry on Friday, Jan. 1, according to a report from Reuters.

Uber Riders Complain About Rate Surge on New Year's Eve

Many Uber users expressed complaints about the unbelievably high price surge on New Year's Eve.

Smartphones in 2016: Which Features Need to Be Improved the Most?

Battery life remains a big problem for smartphones, but lots of other things could get better in 2016, too.

AT&T Ends 2-Year Contracts in January

AT&T is preparing to end its two-year contracts at the start of 2016. AT&T is preparing to end its two-year contracts at the start of 2016. According to an internal memo obtained by Engadget, the company will soon only allow new and existing customers to purchase a phone at full retail price or in a series of installments via the carrier's AT&T Next plan.

Stocks End 2015 With Loss, Worst Year for S&P 500, Dow Since 2008

Despite increase in oil, stocks fall Thursday Stocks fell Thursday, the last day of trading of 2015, rounding out the worst year of performance in the S&P 500 and Dow Jones indices since 2008.

Sofia Vergara Shares the Story of Her Multi-Million All-Mexican Media Empire

Aside from being a top-earning actress on U.S. television and having bountiful clothing lines and endorsement deals, Sofia Vergara also co-owns Latin World Entertainment, a multi-million all-Mexican media empire, making her one of the toppest Latin entrepreneurs of our time.

Casamigos: The Story Behind George Clooney's Thriving Tequila Company

Labeled as "The World's Most Popular and Fastest Growing Tequila" by Luxury Travel Magazine, Casamigos Tequila is now considered as the world's best after debuting in 2013.

Job Opportunities for Latinos -- Financial Analysts

Being a financial analyst is one of the jobs with great opportunity in the market nowadays. The person in this position has an active role in analysis and reporting, budgeting, ad hoc reporting, projections and forecasting financial related concerns. Financial analysts also maintain reforecast and budget information in the accounting system and evaluate profit and cost efficiencies in every organization's department.

Peru Tourism Promos Woo Americans at Times Square New Year's Eve

Millions of visitors gathering at New York's iconic Times Square to watch the ball drop on New Year's Eve will also be given an idea of where their next trip may take them as Peru's tourism authorities have made a big ad buy to promote the South American country.

Yahoo Exploring Sale of Santa Clara Property to Improve Struggling Internet Business

Yahoo is reportedly considering selling their 48.6-acre property in Santa Clara as part of their bid to improve their struggling business.

Uber Reaches Milestone, Hits 1 Billion Rides Since 2010

Uber is facing backlash from transport groups in several countries but the company is continuously becoming popular. In fact, Uber announced that that they have booked 1 billion rides since the service started in 2010.

New Marijuana Laws Pull Down Profits of Mexican Farmers

The more relaxed marijuana laws across the country affected a variety of industries in the different states, but it also deflated the demand and profit of farmers in Mexico. A report from LA Times expounded on the steep decline of the marijuana industry that the south of the border is experiencing.

Uber Travel Business in Development for Easy Hotel, Transportation Booking

Uber is gearing up to be more than just about booking a ride across town. Soon, the company will be helping people venture farther out with plans of a travel agency arm dubbed Uber Travel.

Beto Perez Talks how He Accidentally Created Zumba

Zumba is now increasing in popularity. Beto Perez, the founder of this dance-exercise, says that the reason why people embraced it is because it’s “different, effective, infectious and easy-to-follow.”

Job Opportunities for Latinos—Research Analyst

Research analysts are people who organize investigative reports about equity securities. The goal of the research conducted is to inquire, find, examine or revise facts, theories and principles. Latinos who are detail-oriented and love to gather data and information are the perfect people for this position. They may only be required to take certain exams if they will get involved in a security firm or an investment bank controlled by the Financial Industry Regulatory Authority.

After a Tumultuous Year, Twitter Hires New Chief From Apple to Tackle Diversity in 2016

After a bad year on Wall Street and a diversity spat with a former senior engineer that went public, Twitter has decided to replace its head of diversity and inclusion.
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