A group of the largest US banks and fund managers stepped up the pressure on Congress and the Obama administration to reach a deal to increase the country’s debt limit, saying that even a short default could be devastating for the financial markets a
“Our customers are running out of money, buying smaller pack sizes and less discretionary items near the end of the month,” Duke said. “It shows greater pressure on consumers. Rising fuel price has been one of the factors that affect...
A majority of nonretired Americans do not think they will have enough money to live comfortably in retirement, up sharply from about a third who felt this way in 2002. Nonretired Americans now project that they will retire at age 66, up from age 60..
Back at the top of the bubble, the middle class had $6 trillion more assets on the books. Considering the Mortgaged Middle Class now owns about $6 trillion in net assets, then the bursting of the housing bubble caused their net worth to drop by 50%.
Federal Reserve Chairman Ben Bernanke will hold his first regularly scheduled press conference today at 2:15 pm Eastern time, following the release of a brief statement from the Federal Open Market Committee at 12:30 pm.
A German nonprofit that processes most of the donations submitted to the secret-spilling site WikiLeaks has finally made good on a nearly year-old promise to release a report detailing how those donations are spent
"These affordability problems are marching up the income scale," notes JCHS's Eric Belsky. "It means more people have less money to spend on household necessities such as food, health care, and savings."
Last week the financial markets were roiled by Standard & Poor's announcement that they will change their outlook on the fiscal health of the United States over the next two years from "stable" to "negative".
Netflix, the streaming-video and DVD-rental-by-mail giant, said that its profit soared 88 percent in the first quarter as it added 3.6 million subscribers globally. But the company’s shares were battered in after-hours trading, falling 5 percent
Be a Guerrilla Juror - Don Doig and Stewart Rhodes on serving justice and undermining Leviathan. / They Died in Vain - Laurence Vance on US troops. /
Investors Still Confident in the US Bond Market? - Warning, when it goes south, you could be looki
Ron Paul comments on the importance of S&P's announcement warning they will downgrade the US government's AAA rating, hoping this will be a wakeup call to pay off our debt instead of papering our debt over as usual.
High energy costs hit every conceivable sector of the economy, from freight, to food, to vacations, to housing. People drive less when it costs them twice as much to do so, which means less shopping, fewer trips to Disney World...
Many economists will tell you that inflation is under control when you factor out the volatile components of food and energy. The fact of the matter is that these two components are for the most part all that we regular citizens are concerned with!
Spot silver surged more than 5 percent to top $49 ounce on Monday, moving closer to its 1980 all-time peak lifted by a weak dollar and strong physical demand in Asia that also sent gold to a record high for a seventh consecutive session.
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