Dow crosses 13,000 for first time since May 2008 ... Market sentiment was boosted by news that euro zone finance ministers secured a deal that will enable Greece to avoid a March default.
Rising gasoline prices and their potential to hurt President Obama's re-election chances have gotten recurrent journalistic attention during his presidency.
Stocks gained Tuesday, with the Dow briefly breaking above the psychologically-important 13,000 level for the first time in almost four years, led by gains in materials and as investors cheered the Greek deal.
When Paula Symons joined the U.S. workforce in 1972, typewriters in her office clacked nonstop, people answered the telephones and the hot new technology revolutionizing communication was the fax machine.
The administration recently released its 2013 budget proposal, and conservatives are correctly alarmed that it calls for unprecedented spending and continued annual deficits exceeding $1 trillion. But the same conservatives complain that the budget d
Tired of running out of time and money? Scrimping and saving just to make ends meet?
The attraction is the price. Some mortgage bonds are so cheap that even in the worst forecasts
Taxpayers to pay banks 'incentive' to write mortgages down. How can this be punishment for criminal acts?
The Crash of 2007 -- 2010 destroyed $10 - $13 trillion of household wealth. Then "job creators" destroyed 8.5 million jobs.
Most people don't understand how someone could fail to find a job for over a year unless he was lazy or somehow defective.
President Obama, standing before a long line of 787 Dreamliners at the Boeing factory here, pushed a proposal to boost sales of American products by enhancing funding for U.S. exporters competing with foreign firms.
Remember when Tim Geithner came to DC a few years ago?
This spring, some high school grads in western states have good job prospects. Metal prices, combined with a shortage of miners, means companies are hiring. Some teens are opting not to go to college, and instead are heading underground.
Congress is poised to approve legislation to continue a payroll tax holiday and extend benefits for the long-term unemployed.
There are few economists who have written as extensively or as persuasively about income inequality and the welfare state as Paul Krugman.
This one’s hot off the presses. Just yesterday, our friends at the Financial Crimes Enforcement Network (FinCEN) issued a press release on its latest ruling related to foreign ‘money service businesses (MSBs).’
"Don't mess with Texas," warn some Texans. You definitely can't mess with the strength of its economy.
How To Tame the Federal Beast, Put a game-changer in the White House, says Andrew Napolitano / Should Ron Paul Go 3rd-Party?, Justin Raimondo / One Ring To Rule the World / Human Rights Violator Lectures the Globe / Sick Dinosaur on Life Support
Rioters burn the German flag in street protests. A demonstrator defaces the façade of the Bank of Greece, the central bank, so that it reads “Bank of Berlin”.
In an interview with Atlanta's local Fox affiliate WAGA-TV President Obama explains why he was unable to cut the deficit in half in his first term, a promise he made as a candidate.
The topic was unemployment or, more specifically, where do those people go who have stopped looking for work. Their absence is credited with distorting the unemployment rate and making it lower than most expect or believe.
For value investors of a certain age (e.g. mine), discovering that Warren Buffett could be wrong is like suddenly not believing in Father Christmas
The American Auto industry—an industry that’s been the proud symbol of America’s manufacturing might for a century, an industry that helped to build our middle class—is once again on the rise.”
Detroit, you better be ready to fight because there are hordes of desperate criminals that are quite eager to take literally everything that you have got. But don't look down on Detroit too much, because what is happening in Detroit will soon be hap
Treasury Secretary Timothy Geithner told Congress Tuesday that the president's new $3.8 trillion spending plan would impose new taxes on only 2 percent of the nation's wealthiest families and the alternative would be to seek more painful cuts in othe
American motorists have seen the national average for a gallon of regular gasoline rise above $3.50 a gallon on just three occasions, but it has never happened this early in the year.
Transportation upgrades for New York's World Trade Center rebuilding would get a $200 million tax credit under President Obama's budget plan proposed, providing support to finish this aspect of the long-delayed project. The annual tax credit for l
At the same time, PepsiCo reduced the money it puts by for "pension and retiree medical plan contributions" by $1.4 billion, according to its most recent cashflow statement. The company told us:
Stocks rose Monday as Greece's parliament approved strict financial reforms needed to obtain its latest international bailout package.
Trying to forecast world oil demand growth is a tricky job at the best of times. This year abnormal levels of uncertainty about the global economy are making the job even more difficult.