All Economy
Gas prices fall amid lower US retail salesGas prices in the US fell less than a penny to $3.539 per gallon overnight Tuesday, dropping 16 cents below gas prices a year ago.
Correcting Krugman: Setting the record straight on Latvia laborIn response to recent comments by US economist Paul Krugman, Karlsson clarifies and explains the concept of labor mobility, along with its potential for lowering unemployment rates across the eurozone region.
Town swears off swearing, passes $20 profanity fineTown swears off swearing: Middleborough Mass. residents have voted to make the foul-mouthed among them pay a $20 fine for swearing in public. Locals say the decision for the town to swear off swearing was the result of public profanity hurting local businesses.
Argentina plays fast and loose with inflation factsArgentina's hard-charging president Cristina Fernandez de Kirchner has instituted new policies that place stringent controls on foreign-currency purchases, while insisting citizens convert their US dollars to pesos. The Daily Reckoning team is skeptical.
Saab, bankrupt, has a buyerSaab has inked a deal with an electric car-making consortium of Hong Kong and Japanese investors. The purchase of Saab would save the bankrupt Swedish brand from insolvency.
Donations via text approved for Obama, Romney campaignsDonations via text message have been approved for US campaigns and political groups by the FEC. Donations via text will be capped at $10 per text, $50 per month.
Recession in America? 10 questions assessing the threat. Concerns about weak economies in Europe have already rattled global financial markets, and things are hardly rosy at home. Is America heading into a recession? Here are answers to 10 questions about that risk.
Economy's real problem? The spenders can't spend.The recovery has been slow, but not because of Europe's debt crisis, Wall Street, or high taxes. American consumers, whose spending is 70 percent of economic activity, don’t have the money to buy enough to boost the economy.
Wall Street's high-stakes love affair with Europe continuesGoldman Sachs, Bank of America and Morgan Stanley among the Wall Street giants that have continued to buy up bonds in debt-laden Italy and France. Hopefully these risky moves pay off. Because Wall Street never makes bad decisions.
Encouraged by the Fed's positive comments, stocks rise sharplyErasing a big decline from the day before, the Dow Jones increased by 162 points to close at 12,573, as every major category to stock in the market closed higher. The president of the Fed's Chicago bank said he supports super-low interest rates, encouraging investors.
Dutch bank pays steep price for ignoring US sanctions on Iran and CubaDutch bank ING has agreed to pay a record $619 million fine after admitting that it moved money from Iran and Cuba through US banks despite sanctions forbidding the practice.
The great tax debate: Dueling Congressional tax proposals clashWhile optimists may hang on to the small morsels of agreement between Senator Baucus and Representative Camp's tax reform proposals, in general the dueling plans are opposites, making bipartisan cooperation on the issue seem unlikely.
The ExplainerD.C. Decoder 101: How Washington spends your moneyThere's a lot of talk about cutting the US deficit but very little actual cutting of deficit. One reason? There's not much easy to cut. Decoder explains the six ways Washington spends money.
- New push for Starbucks: U.S. products
A new line of Starbucks U.S. products will raise money for the Create Jobs for USA fund.
Sticker price confusion: Why do GMC trucks cost more than Chevy?Astute truck shoppers may have noticed a baffling recent trend: why are two essentially identical models priced differently by brand? It's a complicated issue that has a lot to do with marketing, but the average consumer's safest bet is to just go with the best price.
Wanted: Frugal new friends, for potlucks, disc golfMoving to a new city can be tough, and finding new frugal friends in that city can seem daunting. Our personal finance guru offers encouraging words of advice: be social, be confident and have the courage to say hello and introduce yourself. What have you got to lose?
Housing prices head higher as selling season heats upNew data for April housing market shows prices declined by 1.17 percent, year-over-year from last April, but are now headed higher as is typical of the more active spring-to-summer selling climate.
There's something about ItalyIf this big Euro experiment is going to succeed, it is important that things in Italy stay fairly stable. The good news is, the country's banks are in relatively good shape and its leader appears competent. The bad news? A massive sovereign debt load.
Affordable Care Act ruling is sticky for ObamaAffordable Care Act decision from the Supreme Court may be handed down soon. If the Affordable Care Act is ruled unconstitutional, Obama's key legislative achievement will be for naught, and his reelection chances may be compromised.
Glenn Beck inks $100 million radio dealGlenn Beck has signed a five-year, $100 million syndication contract, extending his popular conservative talk radio program. Glenn Beck left television last year amid dwindling ratings, but his radio show is the third most popular in the US, airing on 400 stations and maintaining a robust, growing following.
