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Why the Dumb Money is on Champagne Tonight

When it comes to sparkling wine, Pros drink prosecco. The Italian bubbly is often the cheaper, lighter alternative to its French cousin. But New Year’s Eve is amateur hour, as the saying goes, which...

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North Dakota Pitches Itself As a Utopia for Drones

The U.S. Federal Aviation Administration on Monday named six sites dedicated to the research and testing of unmanned aerial systems, or drones. Earlier this year, it received 25 proposals from 24...

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The Scandal Bowl: Tar Heels Football, Academic Fraud, and Implicit Racism

The recent criminal indictment of an African-American studies scholar at the University of North Carolina sheds dismaying light on how big-time college sports corrupts academics. This scandal,...

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1.3 Million People Lost Unemployment Benefits. It Could Get Ugly

When Congress reconvenes on Jan. 6, one of the first issues it will take up is whether to renew an emergency federal unemployment program that expired on Dec. 28, cutting off 1.3 million jobless...

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Now Republicans Have to Prove They Can Do Better Than Obamacare

On Jan. 1, the moment arrived that conservatives had been dreading: Obamacare took effect. Last year’s Republican freakout and government shutdown was a desperate, doomed, Hail Mary attempt to stave...

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Google Teams With GM, Honda, and Audi to Bring Android to Cars

That kid—the one in the back of the SUV with the iPad—is the automotive industry’s worst enemy. He’s also the reason some of the world’s biggest automakers are working with Google to bring its Android...

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If Your Phone Knows Which Aisle You’re In, Will It Have Deals on Groceries?

Todd Dipaola has seen the future of advertising, and it’s a Giant Eagle grocery store in Cleveland. Dipaola’s company, inMarket, will today begin turning on a network of sensors in dozens of grocery...

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Microsoft Acquires Parature For $100M In Deal To Bolster Knowledge Base For...

Microsoft has acquired Parature, a customer service SaaS provider, for $100 million, according to sources close to the deal. The Parature acquisition gives Microsoft Dynamics, its CRM platform, a...

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Bridge Scandal Destroys Christie’s ‘Nice Jerk’ Image

New Jersey Governor Chris Christie’s strength as a politician has always been his bombast and temper. He rose to national prominence when videos of him berating those who dared challenge him at town...

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Why Do Americans Move From Wealthy States to Poorer Ones?

A few months ago, journalist Timothy Noah observed that Americans are moving away from opportunity. “Migration is not only declining but also tends to be away from places where, according to recent...

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IBM’s Artificial Intelligence Problem, or Why Watson Can’t Get a Job

  What if we built a super-smart artificial brain and no one cared? IBM (IBM) is facing that possibility. According to the Wall Street Journal, the company is having a hard time making money off of...

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Luxury Car Companies Race to Make Tiny SUVs

The new luxury sedan isn’t a sedan at all. A crowd of blue chip brands are steering hard into the compact-crossover vehicle segment, betting that affluent buyers will pass up low-slung steering...

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ATMs Face Deadline to Upgrade From Windows XP

One-dollar bills. Envelope-free deposits. Stamp dispensers. These are a few of the features that Wells Fargo (WFC), Bank of America (BAC), JPMorgan Chase (JPM), and other banks tout as the latest and...

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Meet Chris Christie’s Smash-Mouth Defense Lawyer

Subtle he ain’t. That goes for the embattled governor of New Jersey and for the heavy-hitting white-collar defense lawyer he’s retained to fend off investigations of Bridgegate. New York politicos...

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Peyton Manning, Broncos headed to Super Bowl XLVIII

The best team won. The Denver Broncos dominated the standings, headlines, and the record book in the AFC all season long. Now they will represent the conference in the Super Bowl. FedEx Air &...

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Winter Storm Expected to Make Northeast Commutes Treacherous

A winter storm that grounded thousands of flights, scuttled political events and pushed spot natural gas prices to record highs will wind down along the U.S. East Coast today and turn toward the...

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Apple is reportedly building a mobile payment service

There are plenty of existing mobile payment systems that let you buy goods with your iPhone, but there are now signs that Apple wants to take on some of those duties itself. The Wall Street Journal...

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University of North Carolina Apologizes for Fake Classes, Promises Real Change

James Dean, the executive vice chancellor and provost of the University of North Carolina at Chapel Hill, flew to New York, arriving at Bloomberg headquarters on Saturday to deliver a heartening...

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A State of the Union at Standstill, With Familiar Lines

Americans who tuned in to the State of the Union address on Tuesday night could be forgiven for thinking they had already heard the speech before. President Obama’s call for a “year of action” was thin...

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Chris Christie’s Botched Attempt at Bridgegate Character Assassination

To work, character assassination has to make sense. New Jersey Gov. Chris Christie seems to have forgotten this cardinal rule of political warfare. To review: Christie crony David Wildstein engineered...

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Seattle Dominates Denver To Win Its First Super Bowl

The Seattle Seahawks defeated the Denver Broncos 43-8 to win Super Bowl XLVIII at MetLife Stadium in East Rutherford, N.J. on Sunday night, the first Super Bowl victory in the team’s history. The game...

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Apple’s iPhone, the New International Currency

I’ve been paying my bills with iPhones. Not with apps or on bank sites—I’ve been using the Apple (AAPL) hardware as currency. It started by accident in December, during a business trip to New York. I...

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Yes, There’s a Pilot Shortage: Salaries Start at $21,000

A pilot shortage has forced smaller airlines to cancel flights and ground jets, a side effect of federal regulations that have dramatically increased the minimum number of flight hours required for...

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Making the Economic Case for More Than the Minimum Wage

In his January 2014 State of the Union address, President Obama called for a new federal minimum wage of $10.10 an hour. The year before, in the same speech, he proposed a $9 minimum wage. Obama didn’t...

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Facebook Buys WhatsApp for $19 Billion

Today’s collective gasp at the frothy valuations and pace of mobile transformation in the Internet business comes courtesy of Facebook (FB). The social networkannounced after the close of the market...

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