Economy

Puerto Rico Economy 2015: Gov. Alejandro Garcia Padilla Signs Tax Increase; More Tax Hikes Coming

Puerto Rico Gov. Alejandro Garcia Padilla signed a legislation increasing the commonwealth's sales tax increase to double-digit figures.

Google Diversity: Company Has Very few Latino and Black Employees

Google is a company consisting mostly of white and Asian males. Google is a company consisting mostly of white and Asian males. The company has tried to diversify its workforce by hiring women for one out of every five computer programmers and other high paying jobs last year, The Grio reported.

Android Market Share: iOS Gains in Europe Thanks to iPhone 6

Android may still be the dominant player in the global mobile operating system market, but it looks like Apple's new image thanks to the iPhone 6 is winning many over, especially in Europe.

T-Mobile, Sprint, and Dish Network Team Up Against Verizon and AT&T

Sprint and T-Mobile might not be merging, but the two companies are still putting up a united front against Verizon and AT&T alongside Dish Network by urging the FCC to reserve some spectrum for the little guys.

Immigration News: US Companies, Workers Manipulate the H-1B Visa Lottery System

Some firms fill out multiple H-1B visa applications for one foreign worker, according to immigration attorneys.The government agencies do not monitor how many applications each candidate sends.

Sen. Bob Menendez Releases Corporate Diversity Survey, Says Latinos 'Grossly Underrepresented'

In an effort to expand diversity, U.S. Sen. Robert Menendez, D-N.J., released his report about corporate America's diversity. "We all deserve a seat at the table," wrote Menendez.

Instagram News & Updates: Social Media App to Expand Advertising Options for Businesses

More options will be given to advertisers with new buttons being added on Instagram, encouraging users to shop and install adds.

California State Senate Passes Bill to Raise Minimum Wage, Tie It to Inflation

California lawmakers took another step towards raising the state's minimum wage on Monday when the Senate approved a proposal to increase the hourly rate to $11 in 2016 and $13 in 2017.

Venezuela, Russia Agree on $14 Billion Oil Deal

On Wednesday Venezuelan President Nicolas Maduro announced that he had reached an agreement with Russia's top oil producer Rosneft in which $14 billion would be invested in Venezuela's oil and gas production.

Facebook Supporting GIFs Now, Key Twitter Exec Leaves for Google, and Snapchat Gets Even More Funding

This week in social media, Facebook finally decided to support animated GIFs, Twitter lost a high-level executive, and Snapchat raised even more money.

Immigrant Entrepreneurs, Especially Latinos, Are Fueling the US Startup Economy

A new study published late last week shows that immigrants are driving the startup economy in the U.S. -- along with showing a boom in immigrant Latino entrepreneurs starting new businesses.

Tap That App: Meerkat vs. Periscope Review - It Helps When a Live Streaming App Has Access to Live Streams

In the great Twitter live-streaming video war of 2015, it's likely only one app will be known through the ages as the victor. So which will it be: Meerkat -- the one that started it all -- or Twitter-backed Periscope? After a hands-on test of both, the answer quickly became apparent.

Google I/O 2015: Everything You Need to Know

As it does every year, Google's keynote kicking off the Google I/O developer conference included a laundry list of updates on projects we knew the company was working at, along with lots of announcements and previews of new products and features Google is just beginning to launch. Here's a rundown of everything you need to know from Google's Avengers-length keynote.

TuYo, a New Internet Subscription Service by Latinos, for Millennial Latinos, to Launch in July

It's still the early days of over the top television (OTT or Internet TV), which means the field is still wide open for innovation and less-established players can make a splash. One of those new players is TuYo, billed as the first Internet TV service for Latino millennials, built and owned by Latinos, which is set to launch in the coming weeks.

McDonald's to Toast Buns Longer, Make Beef Juicier

McDonald's plans to toast its hamburger buns longer and sear and grill its beef in a way that makes patties juicier in an effort to win back customers.

Venezuelan Currency: Bolívar Continues Precipitous Decline

With a nearly 30 percent decline in its black-market value against the dollar, the Venezuelan currency continued to drop at a stunning rate in May, a development likely to put further pressure on the South American nation's fragile economy.

Charter Communications Proposes to Purchase Time Warner Cable in $55 Billion Deal

U.S. cable operator Charter Communications announced on Tuesday that it has struck a $55.3 billion deal to buy Time Warner Cable .

Record-Setting $500M Home in Bel Air to Rise in 2017?

A $500 million Bel-Air home shall be completed in 20 months, which the developer hopes to set a record as the most expensive house ever sold.

Venezuela's Currency Takes a Plunge

Venezuelans have been in a rush to unload their depreciating currency, and this has in turn led to a devastating drop in its value, leading the the troubled country closer to an outbreak of hyperinflation.

Facebook's Caller ID, Snapchat's Journalistic Ambitions and Twitter's New Critic

This week in social media, Facebook officially announced a caller ID feature for the Messenger app. Meanwhile, one of Twitter's earliest billionaire supporters began criticizing the company, Snapchat invested in a shopping app while preparing for the 2016 election season, and Pinterest unveiled its first "Cinematic pins" -- essentially Gif-like promoted pins that animate as users scroll down.
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