Iran escalated its war of words with the United States on Tuesday with a warning to Navy ships to stay out of the strategic Strait of Hormuz, remarks that rattled commodities markets and helped send oil prices soaring.
Many people expect a "financial collapse" to happen on a particular day. But that is not how it happens usually. Instead, it is often like a snowball that starts rolling downhill very slowly at first but that eventually become a huge avalanche.
What should investors watch in 2012? As the new year dawns, there are plenty of short-term issues on the horizon, ranging from the eurozone to fiscal gridlock in the US to upheavals in the Middle East.
Free-spending US tourists shrugged off economic worries to overwhelm Disney World and other top Florida theme parks this week, forcing them to temporarily shut the gates, local officials said Thursday.
During two days of recent congressional hearings into how as much as $1.2 billion disappeared from MF Global customer accounts, the chief operating officer of the imploding investment firm responded again and again that he did not know.
Sears Holdings Corp will close as many as 120 of its Kmart and Sears discount and department stores after its holiday sales slumped, sending its shares sliding more than 27 percent to their lowest level in three years.
I hear a recurring refrain from China these days: America’s strength comes not from its democratic and free-market values, but merely from the size of its economy and the power of its soldiers and weapons.
The White House plans to ask Congress by the end of the week for an increase in the government's debt ceiling to allow the United States to pay its bills on time. The approval is expected to go through without a challenge, given that Congress is in r
As states pass laws to rein in lenders who deal in high-interest, short-term loans, tribes and their online lending ventures are filling the void. The Internet lets them reach beyond the isolated reservations to borrowers across the nation.
Is the financial crisis over, or are we heading towards disaster?
End of The Road portrays eleven influential commentators within the finance and investment communities, as they share their knowledge of our current financial structure.
Fitch Ratings on Wednesday warned again that the United States' rising debt burden was not consistent with maintaining the country's top AAA credit rating, but said there would likely be no decision on whether to cut the rating before 2013.
A muted House Speaker John Boehner announced today that Republicans have decided to accept a short-term extension of the payroll tax cut, preventing a hike in taxes just nine days before the tax break expires for 160 million Americans.
It's called a municipal bank. Simply put, it would transfer the City of San Francisco's bank accounts - about $2 billion now spread between such banks as Bank of America Corp, UnionBanCal Corp and Wells Fargo & Co - into a public bank. That bank w
California’s pension system is living in a fantasy world where investment returns average 12.5% annually and there’s enough money for everyone.
The largest union, CalPERS, has a 82% chance of a budget shortfall in the next 16 years.
Here’s a quick crash course in how the intelligence business works these days. Despite the Hollywood mystique of suave, womanizing, pun-dropping men of mystery flitting around the world, it’s much more mundane.
Even though most Americans have become very frustrated with this economy, the reality is that the vast majority of them still have no idea just how bad our economic decline has been or how much trouble we are going to be in if we don't make dramatic
As Washington and Madison fiddle, this city’s middle class is in slow free fall.
First, the numbers. From 1970 to 2007, the percentage of families in the Milwaukee metropolitan area that were middle class declined from 37 to 24 percent, according
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