All Economy
Stocks fall on poor earnings from Macy'sStocks slumped on Wall Street Wednesday after a weak earnings report from Macy's cast doubt on the outlook for consumer spending. Other department store stocks also fell after Macy's reported disappointing earnings for the second quarter and cut its forecast for the year.
Mortgage rates, refinancing applications declineThe average rate for a 30 year fixed rate mortgage declined 7 basis points, moving down to 4.4 percent this week. Meanwhile, the purchase application volume declined 5 percent, and the refinance application volume declined 4 percent.
Cheap airfares? Stopping US Airways-American merger won't bring them back.Cheap airfares have disappeared as the airline industry has consolidated. The Justice Department is trying to prevent higher airfares by blocking the consolidation of American and US Airways. But that won't bring back cheap airfares.
Lenovo, Dell, and more: This week's best deals on laptopsIt is among the best times of the year to buy a new laptop, Ramirez says. He shares the best deals on Lenovo, Hewlett-Packard, and Dell laptops of the week.
Coke aspartame: Coca-Cola defends sweetener in new adCoca-Cola will run ads defending the safety of artificial sweeteners like aspartame starting Wednesday in an effort to curb declining diet soda sales. Coke will run the first print ad in today's USA Today in the Atlanta area.
Toyota: New, smaller sports cars on the wayToyota plans on launching a third sports car that will be smaller than the Scion FR-S, Tetsuya Tada, FR-S' chief engineer, said to Drive magazine. The car will be priced below $20,000 and feature a lightweight build.
Moving? Consider the cost of living first.You should live in the city with the lowest cost of living that allows you to pursue the career you want, Hamm advises readers.
Tax reform: It's expensive. Can Congress pay for it?Although it may seem like Congress could pay for corporate tax rate cuts, much of the burden of tax reform could fall on people — investors, workers, and consumers, Williams says. It will be difficult to ensure that tax reform will be both revenue neutral and fair to taxpayers, he adds.
- UPS plane crash near Birmingham, pilots killed
UPS plane crash: A UPS cargo plane crashed in a field Wednesday morning, killing the two pilots on board, says Birmingham mayor.
Boy finds diamond? Vacationing boy finds a 5-carat diamondBoy finds diamond: A 12-year-old boy found a jelly-bean sized, honey-brown diamond at Crater of Diamonds, a diamond-hunting destination where more than 75,000 sparklers have been found, including one over 40 carats.
Heinz layoffs affect 600 workers in US, CanadaHeinz layoffs announced in wake of review of operations. Heinz layoffs represent nearly a tenth of the food company's North American workforce.
Hindenburg Omen: Time to sell your stocks?Hindenburg Omen – a sell signal – has flashed several times in the stock market in the past few weeks. But the Hindenburg Omen isn't always accurate.
Stocks eke out small gains. Apple leads tech companies.Stocks earned small gains on Wall Street Tuesday courtesy of an upturn in technology companies. Apple led the gain in technology stocks after billionaire investor Carl Icahn said on Twitter that he held a large position in Apple and that its stock was undervalued.
AOL firing: How not to fire an employeeAOL firing goes viral after AOL CEO Tim Armstrong fires a senior executive during a conference call meant to rally employees. Should a boss fire someone so publicly?
Why American-US Airways merger isn’t flying with the Justice DepartmentThe proposed union between American and US Airways has raised concerns about steeper airfares and fewer consumer choices. The Justice Department filed an antitrust complaint Tuesday.
Why is America so angry?The gap between Democrats and Republicans is greater than ever. Why are Americans so divided, and can anything be done to pull both sides back together?
Retail sales: a small but hopeful riseRetail sales rose 0.2 percent in July. It's a meager total, but a bounce back for "core" retail sales hints at accelerated consumer spending.
Retail sales correlate with home pricesAs home values have declined, retail spending — which increased 0.2 percent from June — has remained low.
J.C. Penney dispute ends as Ackman resigns from boardJ.C. Penney's largest shareholder, William Ackman, has resigned, and the struggling company hopes it now can refocus its attention on its recovery. The move marks the end of a public back-and-forth between Ackman and J.C. Penney's leadership.
Paula Deen wins court battle that crumbled her empire. Does it matter?Paula Deen scored a legal win Monday when a federal judge dismissed a racial discrimination lawsuit from a former employee. But it may be a hollow victory for Paula Deen, who lost her TV shows and endorsement deals in the wake of details revealed in the case.
