Financial

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US-Mexico border banking closures gone overboard

In recent years, the crackdown on money laundering has seen a halt in cash deposits, and as of late, the closure of Mexican bank accounts. Numerous legal business owners along the US – Mexico border…



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Strong US job reports hit by oil and gas sector

Due to sustained low oil prices, energy producers have been forced to reduce spending which has not helped the US job market. The already struggling industry has seen a 50 percent drop in the price…


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Costco switching from Amex to Visa

As of next March, Costco will cease being an Amex partner, losing its TrueEarnings card. This week, the two companies announced they were unable to reach a renewal agreement which would have extended their 16-year exclusive…


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FCC votes in favor of Internet neutrality

To ensure fair treatment for all networks, the five-member Federal Communications Commission (FCC) voted 3 to 2 in favor of approving the new proposal. The new ruling comes more than a year after the federal…


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Apple ordered to pay $533 million for patent infringement

A federal judge has ordered Apple to pay $535 million over a patent infringement. The jury in the case deliberated for eight hours before delivering their guilty verdict to the Tyler, Texas judge. They agreed…


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Mexico halts exploration projects amid falling oil prices

With a promising year planned of large developments and new exploration, Mexico’s state oil company has decided to suspend several of its deep water projects. Pemex made the announcement Wednesday as global crude prices continue…