All Economy
Wal-Mart weak forecast gives glimpse of economyWal-Mart forecast: The poor and middle-class Americans Wal-Mart caters to — and who are big drivers of spending in the U.S. — are struggling with rising gas prices, delayed income tax refunds and higher payroll taxes.
Tesla Motors says it will make profit on electric cars by AprilTesla Motors will operate at a profit in the first quarter of 2013, the company said in a letter to shareholders this week. The prediction advances by almost a whole year the company's timeline for profitability, which had previously been set for the fourth quarter of 2013, Voelcker writes.
Making financial independence a part-time jobIf your goal is to maximize your financial flexibility down the road, the best way to do that is to maximize the gap between your spending and your income and put that difference to good use, Hamm writes.
EU says eurozone economy will shrink this yearEurozone economy will contract 0.3 percent, the European Union predicts, but bottom out in the first half of 2013. Eurozone growth estimate for 2014: 1.4 percent.
Will Michigan be next to legalize driverless car tests?Michigan, home to America’s major automakers as well as numerous firms associated with the auto industry, is fast tracking its own legislation to allow testing of autonomous cars on public roads, Vijayenthiran writes.
- Sausage recalled: 38,000 pounds of sausage in 11 states
Sausage recalled: Smithfield Packing Company is recalling about 38,000 pounds of pork sausage after small pieces of plastic were found.
How to simplify the tax code in 2013Making the tax code less complicated and more efficient may not achieve the rate-cutting, base-broadening reform many want, Gleckman writes, but it can have important consequences for real people.
Stocks continue slide on weak economic dataStocks continued their two-day slide on Wall Street Thursday as weak economic reports pushed stocks down.
Home sales climb in JanuaryHome sales rose 0.4 percent in January 2013 and climbed 9.1 percent above the home sales level seen a year ago.
Jobless claims jump to 362,000Jobless claims increased by 20,000 to 362,000 claims from 342,000 jobless claims for the prior week.
Investment taxes: How do they work?Investment taxes can be complicated, Hamm writes, but there are a few rules you can follow to make things easier for you.
- Tyson sues Live Nation: Ex-boxer seeking $5 million
Tyson sues Live Nation: Mike Tyson claims the financial services arm of Live Nation Entertainmen embezzled $300,000 from him. Tyson's suit seeks more than $5 million in damages for breach of fiduciary duty, negligent hiring, unjust enrichment and other claims.
Special K recall: Red Berries cereal may contain glassSpecial K recall involves 36,000 boxes of Special K Red Berries cereal that was distributed nationwide. The Special K recall is the latest in a series of manufacturing issues that have plagued the Kellogg company over the past few years.
US traffic fatalities rise for first time since 2005, nonprofit saysUS traffic fatalities increased in 2012 for the first time since 2005, according to the nonprofit National Safety Council.
Federal Reserve uncertainties drive down Asian marketsTranscripts from the Federal Reserve's January meeting were made public Wednesday. These documents showed growing doubts about the longevity of the U.S. central bank's bond buying program, which has kept interest rates at record lows.
Progress WatchFewer boarded-up homes: Vacancy rate for US housing falls to pre-bust levelsIn the final quarter of 2012, the vacancy rate was 1.9 percent of homeowner housing, and 8.7 percent of the rental housing market, according to a new census report.
Stocks fall following Federal Reserve minutesStocks closed down on Wall Street Wednesday as details of the Fed's January meeting seemed to catch stock investors by surprise.
DOD furloughs: a four-day work week for Pentagon?DOD furloughs would affect 'vast majority' of 800,000 workers, Defense secretary tells Congress. DOD furloughs could shave 20 percent off of pay and last 22 weeks.
Entitlement reform and immigration reform: How are they connected?One logical way to help deal with the crisis of funding Social Security and Medicare is to have more workers per retiree, Reich writes, and the simplest way to do that is to allow more immigrants into the United States.
A mixed January for residential constructionResidential construction permits rose in January, but total residential construction starts declined, according to the New Residential Construction Report.
