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Economics

AP Photo/Michael Conroy

John Thune Puts Gas Tax Hike on the Table for GOP Senate

The incoming chairman of the Senate Commerce, Science and Transportation Committee, Sen. John Thune (R-SD) put all options on the table when it comes to replenishing the shrinking Highway Trust Fund, which is widely seen as opening the door to a tax increase.

AP Photo/Ross D. Franklin

Gas Still Not Cheap by Historical Standards

The recent plunge in gas prices has been welcome relief for many, but today’s price at the pump still isn’t what it used to be in nominal and inflation-adjusted real terms, reports the Wall Street Journal.

REUTERS/LUCAS JACKSON

Hot NASDAQ Stock Index Is Still Down 31.6% After Inflation

It has been over 14 years since the NASDAQ index touched an all-time high of 5132.52 on March 10, 2000, signaling the end of the “dot-com” boom. By closing today at 4,726.81, the tech-heavy, over-the-counter stock exchange is only 6.2% from topping the previous record high.

Cramer12

Jim Cramer: 2015 to Be Good Year for Consumers, Housing

On Thursday’s broadcast of NBC’s “Today,” CNBC “Mad Money” host Jim Cramer forecasted 2015 to be an improvement for the American economy, with the possibility of pitfalls abroad being the only thing to interfere. “This is a year where the

tesla_roadster_600

Tesla Launches 400-Mile-per-Charge Roadster 3.0

On Dec. 26, Tesla previewed its next generation of Sports Roadster that will feature up to a 50% improvement in charge range. Tesla claims that design refinements and a 31% increase in energy storage will allow the Roadster 3.0 to drive easily from San Francisco to Los Angeles on a single charge. Tesla has not set a release date or pricing at this time.

20th Century Fox

Hollywood Box Office Down 5% From 2013

It’s been a rough year for the Hollywood film industry, even before Sony Pictures’ decision to pull The Interview from its scheduled December 25 release date in the wake of a massive cyberattack.

JOBS Act (AP)

5% Growth! The Lessons of the Obama Recovery

The news that U.S. GDP expanded at 5% is welcome indeed—and confirms the bullish outlook that many of us at Breitbart News have shared for the past several years. At the same time, the economy remains tough in many respects.

AP

GDP: 5 Percent

On Tuesday, the Commerce Department released revised GDP figures that showed third quarter growth at 5%, the strongest third-quarter growth in eleven years.

AP Photo/Dmitry Lovetsky

Expert: Russia in ‘Full-Fledged Economic Crisis’

Former Russian finance minister Alexei Kudrin said on Monday that the Russian economy has entered a vicious downward spiral as Russia’s energy-centric economy continues to suffer from falling oil prices, Western economic sanctions, and a severely weakened ruble. “Today, I