All Economy
Housing construction falls. But permits, optimism rise.Housing market sees 1.1 percent drop in construction of homes, apartments. But building permits for new housing rise to four-year high.
The 'savings glut' question, resurrectedThere had been some discussion about whether bubbles in the US and European markets were caused by a global savings glut in Asia. Stefan Karlsson says no, citing the economic woes in Japan as compared to market health in Australia.
Facebook shares hit new low as lock-up period expiresIt's been a rough run for Facebook. After one of the most-anticipated IPOs in history, Facebook suffered what may be the most-botched public offering as trading glitches marred its first day. It's been almost all downhill for the Menlo Park., Calif., company since then.
Counting sheep? Could mean counting fewer bills in your walletSleep is a wonderful thing. But it also keeps humans rested, and rested humans think more rationally, including when it comes to fiscal matters. Sleeping more can help you stay productive at work and even prevent against those pesky impulse purchases.
William Shatner as 'Negotiator': He's backWilliam Shatner reprises his role as Priceline's Negotiator in a new ad. But can William Shatner save struggling Priceline?
We've become accustomed to its face: Tax cuts and 'My Fair Lady'With the Bush tax cuts set to expire in January, it seems there are far more problems than solutions when it comes to what we should be doing to try to control, and ultimately reverse, the effects of the recession.
Politics 101: Don't talk about offsets on the campaign trailExpect the candidates to get looser and looser about the “fiscally responsible” pieces of their policy proposals. Expect them to spell out only the goodies, not how they would pay for the goodies.
Standard Chartered money-laundering deal: Did New York jump the gun?Standard Chartered Bank will pay $340 million to New York for laundering money to Iran, but by acting before the federal government, the state took an unusual step that could ruffle feathers.
Bumbo baby seats: unsafe at any heightThe US has long warned parents not to use Bumbo baby seats on tables. Now, all 4 million Bumbo baby seats are being recalled after reports that they can cause hazardous falls on the floor, too.
Mobile pay: Target, Wal-Mart, Best Buy jump on board phone paymentsMobile pay could replace credit cards with phone taps. Now Target, Wal-Mart, and Best Buy have joined together to bring mobile-pay options to their stores.
You can't win them all. And it's okay.Even the most brilliant investors make mistakes sometimes, as evidenced this week by recent moves from David Einhorn, one of the most brilliant equity guys in history. When it comes to the market, value traps are inevitable.
When it comes to Medicare, which candidate's plan comes out on top?President Obama's Affordable Care Act uses its Medicare savings to help children and lower-income Americans afford health care, according to Robert Reich, while the Romney-Ryan plan uses the savings to finance tax cuts for the very wealthy.
Facebook shares down nearly 50 percent. Set for another fall?Facebook shares are outrageously overpriced, even after a 45 percent decline from its initial price. Starting Thursday, Facebook shares may fall even more as more shares are allowed to be sold.
Wells Fargo settlement for risky investments: $6.6 millionWells Fargo settlement doesn't include admitting wrongdoing. Before the Wells Fargo settlement, the Securities and Exchange Commission had charged that its brokerage unit had improperly sold high-risk investments to cities and towns.
Retail sales buoy hopes for economyRetail sales rise 0.8 percent in July, the most since February. Every major category of retail sales show improvement.
Resurrecting the Ryan budgetWhile the Romney camp is sure to argue their candidate's fiscal policy is of his own making, his new running mate Paul Ryan’s more comprehensive and controversial plans will likely be a major campaign issue.
Midwestern drought, election year politics add to pressure on ethanolAn intensely dry season across the midwestern states has led to a sever drought in those regions, and the drought has led to poor production of corn, soybean and wheat, harming corn ethanol exports and adding pressure to the "fuel versus food" debate.
Low taxes, smaller government, but not a balanced budget?Our tax expert crunches the numbers of the Paul Ryan financial plan. end result? While Romney's pick for vice president is often called a deficit hawk, in fact balancing the budget is not one of his high priorities.
Groupon shares: Suddenly cheaper, but a good buy?Groupon shares fell 27 percent in trading Tuesday after the company reported its first decline in gross billings. Groupon shares are now down 72 percent from their IPO price last November.
Standard Chartered to pay $340 million for money-launderingStandard Chartered agrees to pay $340 million to New York after state officials charged it had laundered money for Iran. Standard Chartered will also bolster money-laundering supervision.
