All Economy
- Mortgage rates increase slightlyThe average rate for a 30-year fixed rate mortgage increased to 4.01 percent, an increase of one basis point from last week.
- The devolution of America's think tanksOver the past 50 years, America's poltical think tanks have shifted towards political combat and away from nonpartisan research.
- Fixed mortgage rates hit new lows. Does anyone care?Fixed mortgage rates for 30-year loan now average 4.18 percent. But record low fixed mortgage rates are not perking up the housing market or causing a surge of refinancing.
- Can tax reform really fix the income gap?Because many other factors influence income inequality besides tax policy, tax reform's ability to combat the problem is limited, but its potential shouldn't be entirely counted out.
- Did $98.5 billion high-speed rail project just hit a wall in California?An independent review panel says the plan for a high-speed rail corridor linking northern and southern California poses 'an immense financial risk' to the state and should not move forward.
- The Fed's new openness policy will create confusion, not clarityEconomists think that the Federal Reserve's new policy to be more transparent will only create noise and confusion in the markets
- New Yahoo CEO arrives: why his company isn't dead yetAs former eBay executive, Scott Thompson takes the helm at Yahoo the company confronts some big strategic hurdles, but it hasn't been wiped off the Internet map just yet.
- Stocks quiet, but gain for second straight dayThe Dow inched up 21.04 points to close at 12418 on a quiet day for the markets
- Big Three report booming sales for 2011 as Americans unload old carsChrysler's sales jump 26 percent over 2010, as smaller and more fuel friendly models give the Big Three US automakers a boost. Also driving sales, pent-up demand from owners of aging cars.
- Will global warming wipe out our food supply?Climate change may have negative impact on our ability to grow food, but it will more likely encourage new innovations in food production.
- Gold prices: Traders who missed lows wait for a dipGold prices have surged above $1,600 an ounce. Some traders who missed the lows are waiting for gold prices to fall again before buying.
- How to live within your paycheckWith a new, higher paying job or a raise often comes "lifestyle inflation"–the temptation to spend wildly beyond your means. Here are the ways avoid overdoing it.
- Permanent vs. temporary tax cutsOne frequent criticism of the payroll tax cut is that because it is temporary, it will have little effect on investments. However, depending on its length, it will still have an effect on shorter term investments.
- Rick Santorum's tax plan explainedRick Santorum's tax agenda would lower rates for individuals and corporations, substantially cut taxes on capital, and increase the personal exemption for dependent children. Like those of his GOP rivals, Rick Santorum's plan would likely add trillions to the federal deficit.
- Are gold prices dropping for good?Gold prices have dropped 20 percent since September, and some experts think it's time to give up on the gold market as prices continue to fall. But if another financial crisis hits, investors will once again be clamoring for gold.
- Tech stocks: No shine for chipmakers till later in 2012Tech stocks outlook for next two months is better for semiconductor equipment makers, analyst says. Upgrades to Windows 8 will fuel demand for tech stocks like Intel in the second half of the year.
- Is frankincense doomed?Trees that produce the substance are in serious decline due to over-harvesting and other environmental factors.
- 'Job creating' particle accelerators?These days, attaching the words "jobs creator" to any policy is a surefire way to get it passed. But the practice has gotten ridiculous.
- Federal Reserve unveils plan to be a little less secretiveThe Federal Reserve intends to begin releasing a quarterly interest-rate forecast as a service to investors and to counter critics who say it is not transparent enough.
- For the economy, a new year with old problemsThe world's fiscal issues will not simply resolve themselves by virtue of the fact that a new year has begun