All Economy
- BP settles spill claims for $7.8 billion. Will victims take it?
BP settlement of worst US offshore oil spill involves 100,000 claims by fishermen, cleanup workers, and others. The $7.8 billion settlement is in addition to a $20 billion BP compensation fund.
- The return of the bull market?
As long as the economy keeps growing on a foundation based on debt, the bull market cannot last.
- For bailout nations, new EU treaty is high price to pay
A new EU fiscal treaty could help keep national governments from overspending. But for EU nations already receiving bailouts, its conditions would be a big blow to their economies and national pride.
- Stocks slip; Yelp IPO skyrockets
The Dow slid 2 points to close at 12977, but the Yelp IPO surged 64 percent in its first day of trading
- How will Romney account for billions of lost revenue?
Romney rolled out a new tax proposal after many Republicans blasted his initial plan as too cautious. His plans to cut income tax rates by 20 percent and eliminate the Alternative Minimum Tax sound appealing, but he offers no specifics on how he'll offset the billions in lost revenue.
- Yelp IPO makes a splash on Wall Street. Will it drown?
Yelp stock soars 60 percent on its first day of trading. But the track record of recent technology IPOs is not encouraging.
- When financial rules are wrong
Personal finance rules are rarely right in all situations. If the rules and the facts disagree, don't be afraid to buck the rule.
- US jobless claims remain near 4 year low
Initial jobless claims declined to 351,000 claims from last week's 353,000 claims, while continued jobless claims fell by 2,000.
- Checking fees too high? Customers eye credit unions.
Checking fees, other charges caused credit unions to gain double the normal number of customers. Mulling more hikes in checking fees, big banks could lose more customers, advocates say.
- The American pie is growing, but most people aren't getting a slice
The good news is that the American economic pie is growing again. The bad news is that the share of growth going to American workers is at a record low, and that's bad news for everybody.
- $5 gas? Here's one way to really save: Invest.
$5 gas is going to pinch no matter how much you inflate your tires or slow your speed. But buying oil-sector shares can more than make up for the economic setback from $5 gas.
- Are you feeding that retirement fund?
Retirement contributions can be difficult to fit into your budget, but your take home pay won't go down as much as you think.
- Car sales surge in February at a pace not seen since early 2008
Several forces combine in the stronger car sales: an improving economy, carmakers eager to lure buyers with incentives, and mild winter weather.
- Romney's new tax cuts are a deficit nightmare
Romney wants to reduce individual tax rates by 20 percent across the board. Sounds good, but it would increase the deficit to the tune of $3 trillion.
- $5 gas? Prices creep upward once again.
America could see $5 gas this year, as prices march toward $4 a gallon well before the annual summer spike. How much of the country could see $5 gas?
- How to stop starving public colleges and shrinking the middle class
America is making it harder and harder for young people of modest means to attend college. But affordable public higher education is essential to preserving the middle class.
- Good news in GDP
The Nominal Gross Domestic Product has been revised upward in a very promising sign for the US economy.
- GDP report: Economy is growing
The fourth-quarter GDP report indicated that the economy is growing at a faster pace than originally thought, with real GDP increasing at an annualized rate of 3.0 percent from the third quarter of 2011.
- Top 10 cities where house prices are rising House prices continue to fall nationwide, but here and there they’ve begun to turn up as Americans return to the housing market. Which 10 metropolitan areas have seen the biggest increase in the past year? The winners, according to the National Association of Realtors (NAR), include a state capital, a furniture-making center, and a resort that was once America’s foreclosure capital. Can you guess who they are?
- EU pushes bigger bailout fund and Germany pushes back
Many European leaders and financial institutions are pushing for a larger permanent EU bailout fund, saying it would send an important signal. Germany, its main funder, says such talk is premature.