All Economy
Mortgage rates fall to 3.4 percentThe average rate for a 30-year fixed-rate mortgage decreased 2 basis point to 3.43 percent since last week, according to the latest Mortgage Bankers Association data.
America's other cliffs: poverty, healthcare and the environmentAmerica does face a cliff – not a fiscal cliff, but a set of precipices obscured by Republicans' obsession over government’s size and spending, Reich writes.
Jobless claims decline by 25,000Jobless claims fell to 370,000 from a revised 395,000 jobless claims for the prior week.
Tesla Motors in the black, tweets CEO MuskTesla Motors CEO Elon Musk tweeted Tuesday that the company was narrowly cash flow positive last week. Tesla Motors achieved profitability in 2009, but that didn't continue, and it's unlikely to continue this time--at least in the short term, Ingram writes.
- Starbucks to open 1,500 new US stores by 2017
Starbucks has ambitious expansion plans in the United States, aiming to open 1,500 new cafes over the next five years. Starbucks is also planning to expand overseas, particularly in China.
ADP: Private employers add 118,000 jobs in NovemberADP indicated that the situation for private employment in the US improved in November as private employers added 118,000 jobs. The ADP data suggests that the economy is showing the most growth for small to mid-size service jobs.
Obama attempts 'fiscal cliff' coup: winning over business leadersThe business community usually trends Republican – and President Obama didn't do much to woo it in his first term. But he's pushing hard to get CEOs on his side in 'fiscal cliff' talks.
My Nissan Leaf life: Perks of driving gasoline-freeA Nissan Leaf lets us drive 1,000 miles a month for $36 worth of electricity. That's a quarter of the monthly cost of gasoline for our van.
Stocks rise on fiscal cliff hopesStocks closed mostly higher on Wall Street Wednesday as traders grew more hopeful that a budget deal will be reached in Washington. Rising stocks narrowly outnumbered falling ones on the New York Stock Exchange.
Energy Department pushes for electric car battery researchThe US Department of Energy has set a goal to improve battery and energy storage technologies by five times that of today--in the next five years, Ingram writes.
Starbucks $450 steel card: class warfare in a coffee cup?Starbucks $450 gift card is made of stainless steel and will only be available in limited quantities through a luxury goods website. Is the Starbucks $450 steel gift card a sign that Starbucks is going "1 percent" on us? Or is it just harmless, splurgy fun?
For cheap flights, hotels: Plan vacations far in advancePlanning ahead – far ahead – for your travel helps you find cheap flights and hotels for your vacation, Hamm writes.
Netflix vows not to raise prices after landing rights to Disney moviesThe multiyear licensing agreement announced Tuesday represents a breakthrough for Netflix as it tries to secure more exclusive programming for a popular service that streams video over high-speed Internet connections.
Citigroup slashes 11,000 jobs to save $1.1 billionCitigroup cuts are first big move for new CEO Michael Corbat, as he moves to reorganize the struggling banking giant. Most of the Citigroup cuts are expected to come in global consumer banking.
Recession probability drops in SeptemberThe latest release of a new recession probability indicator shows that the September value came in at a relatively low level of 2.94 percent probability of recession.
ADP employment report: Superstorm Sandy hit small firms hardestSandy trimmed job growth in November by 86,000 workers, ADP employment report says. Small businesses took the hardest hit, ADP says, creating the fewest jobs in nearly two years.
Pizza Hut perfume: Yes, it's realPizza Hut perfume, which started out as a joke, is now being produced in limited quantities in Canada. The Pizza Hut perfume 'boasts top notes of freshly baked, hand-tossed dough.'
Teen drivers text more than parents think: studyTeen drivers do a lot more texting behind the wheel than their parents think they do, according to a new study by the University of Michigan Transportation Research Institute.
Late bills? Schedule them to pay automaticallyAutomatic bill payment saves you both money and time throughout each and every month, Hamm writes.
Does government spending really promote economic growth?Salerno questions the Keynesian doctrine that government spending per se raises income and promotes economic recovery.
