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Why tax breaks might not bring home prices downHarris argues that changing deductions for mortgage interest and property tax payments may not bring home prices down, as some critics of tax reform have said, and makes the case for pushing a more efficient tax code forward.
Taco Bell firing its taco-shell-licking employeeTaco Bell firing came because the worker violated food-handling procedures, even though the photo was made for a contest and the tacos were thrown out. The photographer of the Taco Bell worker licking a stack of taco shells has already left the company.
Stocks plummet. Dow drops below 15,000.Stocks fell sharply Wednesday and the Dow Jones industrial average closed at 14,960, the first close below 15,000 since May 6. Stocks started lower and declined steadily throughout the day.
Carpe diet? Chinese firm's plan to export Asian carp could help US waterways.A Chinese firm says it's seizing on the explosion in the population of invasive Asian carp, which environmentalists say threatens the Great Lakes, and will open a fishery dedicated to its export.
- Private employers added 135,000 jobs in May
Private employers added 135,000 jobs to the economy last month, leaving the total employment level 1.62 percent higher than what it was in May 2012.
Monitor BreakfastIRS controversies boost chances for tax reform, key Republican saysRep. Tom Price, a major conservative voice in the House, sees 'a greater opportunity' for tax reform in the wake of IRS controversies. He made the comments at a Monitor breakfast Wednesday.
Price tag of new iPod touch may drop even furtherThe new 16GB iPod touch is selling for $229 — $70 less than the 32GB model — but Colley says that, in three months, its price tag could drop another $60. Discount-seeking consumers should hold off on buying the iPod and scour resellers for deals.
- Applications for refinancing sink as mortgage rates jump up
The average rate for a 30-year fixed rate mortgage jumped up 16 basis points to 3.91 percent last week while the volume of applications for refinancing sunk 15 percent in the same period.
Cadillac sees fastest growth since 1976Cadillac saw its fastest growth rate since 1976, selling a total of 69,750 units from May 2012 to May 2013 — a 38 percent jump up from the same period a year prior. The results make Cadillac the fastest growing major automotive brand in the U.S.
Price tag set for 2014 Chevy SS: $44,470The 2014 Chevy SS will go on sale later this year for $44,470 — making it the automobile maker's most expensive sedan to hit the market. The SS will be a rear-drive, V-8-powered sport sedan.
The prisoner's dilemma and your moneyComparing the way you spend money to a prisoner's dilemma can help you save money, Hamm says.
Frozen berry mix recalled due to hepatitis A linkA frozen berry mix sold in Costco and Harris Teeter stores has been linked to 34 cases of hepatits A in five states.
Toyota recall includes 242,000 Prius, Lexus cars with braking problemsToyota recall involves 242,000 Prius and Lexus cars in the US, Europe, and Japan that may have brake defects. More than 90 complaints have reportedly been issued to about drivers of the vehicles needing to step more heavily on brake pedals to stop their cars, prompting the Toyota recall .
Atari landfill: Why the search for E.T. video game?Atari landfill hunt: A Canadian company will search a New Mexico landfill for copies of the Atari E.T. video game, considered by some to be among the worst video games of all time.
Jeep recall? Chrysler refuses to recall 2.7 million JeepsJeep recall may not happen: Chrysler has taken the unusual step of declining a request from federal officials to recall Jeep Grand Cherokees and Jeep Libertys.
Stocks slip as Federal Reserve keeps Wall Street guessingStocks fell Tuesday as comments from a Federal Reserve official implied the Fed could start easing off its support for the economy soon. It was the latest volatile turn in stocks as investors try to figure out when the Fed will make a move.
Finding the best road bike for youWant to buy a road bike? Make sure you buy a bike that meets your needs, whether you want to commute to work in the city, travel long distances, or race in a triathlon.
Report: manufacturing slumped in MayManufacturing activity slumped in May, according to a report from the Institute for Supply Management. The purchasing manager's composite index (PMI) declined 3.35 percent from April.
Truck sales surge in MayTruck sales surged in May, with the Toyota RAV4, Honda CR-V, Subaru Forester and Nissan Rogue all posting their best-ever May sale results. Low loan rates and major automobile sales contributed to the numbers.
Five tips for creating your first budgetCreating your first budget? Hamm recommends making high estimates of your costs, prioritizing expenses, and striving to come in under your budget to save money.
