Economy

March Unemployment Rate in Hawaii at 3.1 Percent

March Unemployment Rate in Hawaii at 3.1 Percent

In March, the jobless rate in Hawaii continued at 3.1 percent although a greater number of people joined the workforce in the state.

Closing Gender Gap could Gain Silicon Valley $25 Billion GDP by 2025

Closing Gender Gap could Gain Silicon Valley $25 Billion GDP by 2025

Gender gap may not be good after all for corporate. According to several researches diversity is good for the economy as well as businesses. A new McKinsey report revealed that in case Silicon Valley can bridge the gender gap, the technology sector could gain $25 billion in gross domestic product (GDP) by 2025, which will be a nine percent increase. The San Francisco city could move its GDP around $45 billion by 2025.

IRS Warns Taxpayers of Phony Calls as the Tax Return Filing Deadline Comes Close

IRS Warns Taxpayers of Phony Calls as the Tax Return Filing Deadline Comes Close

In spite of the IRS warning the taxpayers time and again about fake calls, many taxpayers fall prey to con artists who pose to be agents with the tax authorities and demand immediate payment. These scams mainly started in 2013 and since then the number of victims every year have grown in number. Not only do the scammers stick to phone calls but also threaten people and try to secure personal information through e-mails.

IRS Warns Tax pays of New Scam Trends on the Rise

IRS Warns Tax pays of New Scam Trends on the Rise

Surge in taxpayers identity-theft has been reported many times earlier and the con artists have a change in game plan says the Internal Revenue Service (IRS).

With April's deadline getting closer, the con artists are also boosting their defrauding efforts. The IRS is trying to warn the taxpayers of the different means that the scammers use to steal identity and personal information from the taxpayers.

Kiwi Dollar Gains as Investors Favor Higher Risk Assets

Kiwi Dollar Gains as Investors Favor Higher Risk Assets

The New Zealand dollar gained on Friday as currencies of commodity producing countries like Canada, Australia and New Zealand was favored by the investors. The investors' appetite for higher risk assets connected to global growth prospects improved.

On Friday, the NZ dollar was at 67.16 US cents in Wellington in the morning from 67.38 cents at the New York close.

Compared to January, the BNZ-Business New Zealand Performance of Services index improved 1.5 points to 56.9 in February. Any reading that is beyond 50 indicates expansion.

U.S. Commerce Department says ZTE Breached Iran Sanctions; Restricts Sale without Permission

U.S. Commerce Department says ZTE Breached Iran Sanctions; Restricts Sale withou

On Monday, a statement from the Commerce Department said that, ZTE, the Chinese company that manufactures smartphones, was found to have violated American sanctions against Iran as the company sold goods made in the United States to the concerned country. As a result, the U. S is blocking ZTE from buying any technology from U. S companies without getting a special license.

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