All Economy
- The real importance of good personal finance
A solid personal finance foundation will help you reach your goals and prioritize your life.
- The economy is improving whether conservatives like it or not
Conservatives who would like to bash Obama on the economy are having an awfully hard time right now, as the recovery proceeds apace.
- Mortgage relief plan: Can it spark housing rebound?
Mortgage relief aimed at trying to boost lagging housing sector. Most of the $25 billion mortgage relief will go to homeowners struggling to pay their mortgages.
- 401(k) plans: Did yours grow? Most didn't in 2011.
401(k) plans averaged $69,100 per participant at the end of 2011, down $300 from a year earlier. Fidelity said fees and poor investment performance were behind the lack of growth in 401(k) plans.
- The end of the small brokerage firm
The era of the small brokerage firm is gradually coming to a close as several of the most well-regarded boutique brokers call it quits.
- The $26 billion mortgage settlement: who gets help and how
The main thrust of the $26 billion mortgage settlement is to help homeowners whose homes are 'under water.' Refinancing a reduced loan will lower payments and help people facing foreclosure stay in their homes.
- Use public transportation. Save hundreds.
Even if it's not every day, riding the bus or train instead of driving a car will put money back into your wallet.
- 102 percent tax rate? Really?
Is a 102 percent tax rate really possible? On taxable income, yes. On all income, no.
- Jobless claims drop
Initial unemployment claims declined 15,000 to 358,000 claims from last week’s revised 373,000 claims while continued claims increased by 64,000.
- Dunkin' Donuts turning a profit again
Dunkin' Donuts' parent company, Dunkin Brands, returned to profitability in its fiscal fourth quarter as traffic at Dunkin' Donuts stores improved and customers spent more.
- Despite complaints, House passes insider-trading ban 417-2
STOCK Act does not include measure that would regulate those who sell 'political intelligence' to Wall Street, upsetting Democrats and some Republicans. Senate insider-trading ban passed last week with the provision.
- Will $26 billion settlement from big banks repair US housing market?
In the short term, the deal between 49 states and five big banks may actually boost foreclosures, some say. In the longer term, it should clear the inventory of homes that depresses prices and help the middle class.
- Greece secures last-minute bailout deal, but it will hurt
Greece has agreed to implement painful austerity measures – including a 22 percent cut in the minimum wage – in order to receive the money it needs to pay off debt due in March.
- Rebounding economy: Unemployment assistance drops to four-year low
The number of people seeing unemployment aid dropped to a four-year low, the Labor Department said Thursday. It comes on the heels of 8.3 percent unemployment rate, the lowest in three years.
- Ben Bernanke shows his mettle, again
In recent remarks, Ben Bernanke showed that he’s not at all swept up in optimism about recent improvements—he’s particularly on point regarding continued weaknesses in the job market—and he clearly cites all the reasons to keep pressing on monetary stimulus.
- The upside to sprawl?
The undeniable upside to sprawl is comfort and space. But are those luxuries really worth it?
- Does Suze Orman’s prepaid card solve anything?
Released with great fanfare, The Approved Card from Suze Orman is supposed to help people who use cash responsibly get a good credit score. But it doesn't – and probably never will.
- Mortgage deal could help 2 million Americans
Proposed $25 billion settlement with major mortgage lenders would be biggest in 14 years. Much of the money would go to struggling homeowners and former homeowners hit by improper foreclosures.
- What tax reform would mean at the state level
Congress could go a long way towards fixing the federal system without destroying state revenue codes—but only if reform is done carefully.
- The hedge fund mini-crisis
The hedge fund industry may be just as overbuilt as the credit and housing markets were.