iPad

Amish farmer and grandfather Sam Girod has been thrown in jail and is being prosecuted by the FDA for making herbal remedies in his home. What is his crime, in their eyes? Claiming that his herbal remedies, made to recipes which have been handed down by Amish for generations, are “healing.” Mr. Girod of Owingsville, Kentucky lives on a farm with his wife, 12 children and 25 grandchildren. They practice a traditional Amish way of life and that includes the production of many healing herbal salves and remedies.

Despite declining earnings expectations, AAPL's share price just broke above its record closing high (from Feb 2015).

As WSJ notes, the tech giant’s shares–among the most widely held and actively traded in the world–hit $133.42 moments ago, trading above their record close of $133 from February 2015. And they’re inches away from their all-time intraday high of $134.54, set in April 2015.

For 50 years - until Greenspan's exuberance in the 90s - it took the average American around 26 hours to be able to afford to buy the S&P 500. In the Trumpian utopia in which we find ourselves now, however, the average American worker will have to work four times longer to join the 'wealth-builders' in equity market land.

The last time it cost this much (in terms of hours worked) to buy stocks, it seems the average American decided enough was enough and buyers went on strike asthe DotCom debacle collapsed.

h/t @jtepper2

As parents all around the country wake up this morning and instantly regret adding $1,000's of dollars to their credit cards over the holidays (at a 30% interest rate nonetheless) so that little Johnny could have the latest iPad, gaming console and sneakers, here is a list of the states where consumers have racked up the most revolving debt.

Fool me once...

For the umpteenth time this year, Facebook has come clean with an error in its advertising metrics. In November, Facebook said that after discovering several mistakes in its reporting methods, it would be more transparent about errors in the future. And so they have...