Latest Posts

Wells Fargo debacle costs Buffett’s Berkshire $2.5 billion

Warren Buffett is known for being a patient investor. But even his legendary patience must be getting tested by Wells Fargo (WFC). Buffett’s Berkshire Hathaway (BRKA) has suffered a $2.5 billion loss on its holdings in the bank since Sept. 8, when the Wells Fargo scandal intensified, according to a USA TODAY analysis of data fromS&P Global Market Intelligence. That is when theConsumer Financial Protection ...

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Rieder: Sunday debate crucial for Trump

You just can’t get good help these days. Donald Trump enthusiast and veteran agent provocateur Roger Stone had assured the worldthat by Wednesday, Trump’s rival Hillary Clintonwould be finished after the latest bombshell fromJulian Assange and WikiLeaks. But all Assange, one of the leading residents of Ecuador’s London  embassy, had on Tuesday was an infomercial for his document-leaking group, and Clinton remains in ...

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Will schizophrenic job market show good side?

Economists will be looking for this year’s Jekyll-and-Hyde labor market to show its true face Friday when the government releases the September jobs report. They may not get their wish. The job market is being buffeted by so many crosscurrents — including a shrinking pool of unemployed workers, a sluggish economy, uncertainty over the presidential election and even job-counting challenges ...

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In VP Debate, Mike Pence Goes on 90-Minute Shaggy ‘It Wasn’t Me’ Defense

Tuesday night’s vice presidential debate featured Tim Kaine peppering Mike Pence with questions about Donald Trump’s past statements and Pence employing the Shaggy defense, denying everything Trump ever said. Unless you’re one of those people whose Pandora/iTunes/Tidal service features no music that dropped before “Trap Queen,” you might remember a pop-reggae song called “It Wasn’t Me” from one-hit wonder and ...

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Join The Root as we #RiseUpAsOne Through Music

We’re celebrating America’s ability to connect as one people live in San Diego! The Root is heading to San Diego Oct. 15 for Univision and Fusion Media Group’s “RiseUp AS ONE” concert. This show is a celebration of music, diversity and unity. All of this awesomeness will be staged along the U.S.-Mexico border in San Diego and will feature a ...

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Atlantic Coast Prepares for Evacuations as Hurricane Matthew Approaches

The powerful hurricane was just south of the Bahamas and headed for Florida as of Wednesday afternoon. The Atlantic coast is braced for the arrival of Hurricane Matthew, a deadly storm with maximum sustained winds of 115 miles per hour expected to make landfall on Thursday. The NY Times reports that the governors of Florida, Georgia, North Carolina, and South ...

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Black Lives Matter makes list of demands after police shooting of Carnell Snell, Jr.

After 18-year-old Carnell Snell, Jr. was killed by LA police, Black Lives Matter co-founder Patrisse Cullors announced that the movement would be putting increased pressure on city and police leadership to change the broken system that allowed Snell to be killed. In particular, Cullors said the movement would be focused on Mayor Eric Garcetti and the Los Angeles Police Department, with ...

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White mom has major meltdown over hip-hop song on the radio

A White Christian mother of four posted an 11-minute meltdown to YouTube after she and her children accidentally heard the song “Norf Norf” on the radio. As the woman explains it, she usually has her radio tuned to a Christian station but allowed her 11-year-old daughter to switch the radio to a Top 40 station, where they heard the hip-hop ...

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Michelle Obama lets Trump have it during Charlotte rally

While campaigning for Hillary Clinton in Charlotte, North Carolina, First Lady Michelle Obama tore into Donald Trump not only for his late-night tweeting but his claims that his poor debate performance was due to microphone issues. “When it comes to the qualifications that we should demand of our president, to start with we need someone who will take the job ...

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IMF cuts forecast for U.S., advanced economies

The International Monetary Fund on Tuesday cut its forecast for economic growth in the U.S. and other advanced economies while citing increasing risks from isolationist sentiment, but upgraded its outlook for emerging markets. As a result of the offsetting dynamics, the IMF left its global growth estimate unchanged from its July projection at 3.1% this year and 3.4% in 2017 and renewed its ...

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