Strong Economic Growth in 3Q as Jobless Claims Fall
The main stock indexes continue to drop and ended the day down as talk of tapering intensifies. Today, across the United States fast food workers went on strike in hopes to raise the minimum wage. Many workers say they are unable to live on $7.25 an hour (which equals approximately $15,000 per year), therefore, the minimum wage needs to be raised. Certain unions and organizations even paid some fast food workers to skip their shifts to protest. Starbucks (SBUX) released information about their exclusive holiday metal gift card.
Word on the Street
- U.S economic rate grew at 3.6% for the 3Q, fastest growth since the beginning of 2012.
- Certain unions and organizations paying fast food workers to strike today.
- Amazon (AMZN) isn't the only company testing drones; Google (GOOG) joins in.
- U.S. small businesses continued to add jobs in November.
- Not everyone thinks the minimum wage should be raised.
- Microsoft (MSFT) cleared for Nokia acquisition, to encrypt services.
Published on Dec 5, 2013By InvestorGuide Staff