All Economy
Who needs Republicans when Wall Street has Democrats?Democrats can’t be trusted to control Wall Street, Reich writes. With the help of congressional Democrats, Wall Street is rolling back financial reforms enacted after its near meltdown.
Memorial Day weekend: (almost) no sticker shock on gas pricesSome 31 million Americans set to hit the roads over Memorial Day weekend won't have to worry about a run-up in gas prices. Energy analysts say that – except for the upper Midwest – the gas spike is over.
Target, Macy's sue Visa and Mastercard for alleged fee-fixingTarget, Macy's, and other major US retailers are suing Mastercard and Visa, rejecting a settlement reached last year. The suit claims Visa and Mastercard conspired to fix the fees they charge stores for handling payments made with credit cards.
One checking account – or two?Sharing a checking account is a vital step in becoming more responsible for the financial well-being of your partner, Hamm writes. If you’re not ready for that responsibility, then you shouldn’t have a merged account.
World's largest LEGO sculpture? 'Star Wars' X-wing fighter in Times Square.LEGO has unveiled a full-scale 'Star Wars' X-wing fighter in New York's Times Square. The fictional 'Star Wars' craft took 32 builders 17,000 hours and 5.3 million LEGO bricks to complete.
Stocks down as investors reassess Fed fearsStocks edged lower Thursday on an unexpected slowdown in Chinese manufacturing and fears the Federal Reserve might cut back on its economic stimulus program. Stocks climbed into positive territory by midday, then ended the day marginally lower.
House passes market-based student loan bill: Is it a step toward a solution?The White House has threatened to veto the GOP-backed student loan bill, but supporters say passage invites input from the Senate to arrive at a compromise before rates jump on July 1.
Horse meat scandal arrest: Dutch police arrest meat wholesaler in horse meat probeHorse meat arrest: Investigators from the Dutch Food and Consumer Product Safety Authority arrested the man on suspicion of fraud and detained him for further questioning. If convicted, he faces a maximum sentence of six year's imprisonment, according to prosecutors.
New home sales rise, but market still a long way from ‘normal’A strong rise in new home sales and an even stronger jump in home prices capped off yet another good month for the housing market. But a return to normal conditions is likely to take several years.
Nissan recall for 841,000 vehicles over steering wheel problemNissan recall: Nissan issued a recall for the Cube and the Micra compact car, also known as the March, as a result of a steering wheel glitch.
Free burgers for life for Charles Ramsey, Cleveland rescuerFree burgers for life await Charles Ramsey at several Cleveland eateries. Ramsey gets free burgers for life after he famously put down his Big Mac to help rescue three women held captive for a decade in his neighborhood.
- Free burgers for life for Charles Ramsey, Cleveland rescuer
Free burgers for life await Charles Ramsey at several Cleveland eateries. Ramsey gets free burgers for life after he famously put down his Big Mac to help rescue three women held captive for a decade in his neighborhood.
Tesla repays $465 million loan nine years earlyTesla $465 million loan was used to build two California plants. Raking in some $1 billion by selling stock and debt last week, Tesla says it's saving interest charges by paying back $465 million loan ahead of schedule.
Fuel-efficient cars: Saving gas means saving moneyFuel efficiency is simply an enormous financial consideration when buying a car, Hamm writes. Buying a car that is 10 miles per gallon more efficient in terms of fuel consumption than the other option can easily save you $10,000 over the lifetime that you own the car.
Following Bernanke comments, dollar hits three year highThe U.S. Federal Reserve's bond buying program will continue, according to congressional testimony from the Fed's Chairman Ben Bernanke on Wednesday. Bernanke's testimony boosted the dollar.
Stocks fall on news Fed weighed cutting stimulusStocks rose in the morning and fell in the evening Wednesday, rocked back and forth by news from the Federal Reserve. Suggestions that the economic stimulus could be scaled back as early as next month, if the economy picks up, pushed stocks down.
3-D pizza on Mars? NASA awards grant.NASA is funding a prototype for a 3-D food printer, which would create a pizza out of prepackaged powders. If it succeeds, the 3-D pizza could be a starting point for solving many of the world's food-related problems.
Presidential jet sale: $15M for poor MalawiPresidential jet sells for $15M as new president institutes austerity for impoverished Malawi. Besides netting $15M for the luxury presidential jet, President Banda aims to sell 35 government Mercedes.
Existing home sales rise in AprilExisting home sales rose 0.6 percent in April and climbed 9.7 percent above the level seen a year ago, according to the National Association of Realtors' Existing Homes Sales Report.
MBA: Mortgage rates jump as applications fallMortgage rates jumped 11 basis points to 3.65 percent since last week, according to the latest mortgage rates data from the Mortgage Bankers Association. The purchase application volume declined 3 percent over the same period.
