JPMorgan Chase & Co (JPM.N) said on Tuesday that it plans to cut 17,000 jobs by the end of 2014, representing about 6.6 percent of the company's overall workforce, as the bank sheds staff that helped it deal with bad home loans.
Toyota will begin exporting US-built cars to Russia and Ukraine in the coming months, the Japanese automaker said Tuesday.
The essence of her piece was a suggestion to engage in a quantitative easing (or "QE") policy for households and consumers. To date, the Federal Reserve, the US central bank, has pumped more than $3 trillion directly into banks, speculators and ot
The White House detailed how the deep spending cuts set to begin this week would affect programs in every state and the District, as President Obama launched a last-ditch effort to pressure congressional Republicans to compromise
How big is the national debt? You’d think this would be an easy question. Surely we know how much the government owes. Unfortunately, it’s not that simple. It could be triple the conventional estimate, anywhere from $11 trillion to $31 trillion
Faced with the threat of federal government spending increasing by "only" 7% instead of some higher, pie-in-the-sky amount, the Obammunists are busy crying "BUDGET CUTS!!!!!" knowing that no one has proposed "cutting" a red cent from the federal budg
Andrew Lo is a Professor of finance at the MIT Sloan School of Management.
The stock market has "peaked out" and bonds may be on their way to a rebound, Marc Faber, publisher of the Gloom, Boom & Doom Report, said Thursday on CNBC.
The Treasury Department came out with some proposals today on how to fund infrastructure investments.
According to Zillow, U.S. home prices rose again in January. In fact, we're witnessing the fastest pace of price growth since July 2006, which was during the housing bubble.
Office Depot and OfficeMax have announced a merger, teaming up to fight industry big boy Staples and competition from general merchandise juggernauts Walmart and Amazon.
PrivCo, a research firm tracking private companies, says that daily-deals site LivingSocial took $110 million from its existing investors in the form of debt, not equity.
Is America really "the land of the free"?
If the economy is improving, then why are many of the largest retail chains in America closing hundreds of stores?
Is the U.S. economy about to experience a major downturn?
Powell Gammill (SR Editor of Freedom's Phoenix and Mater Gardener) on planting/prepping - Steven Hochberg (Chief Market Analyst Elliott Wave Intl) on economic trends - Greg Peterson (UrbanFarm.Org) on GMO's, urban farming, and our food supply
Peter Schiff on Fox Business explains past and future trends, the market reaction and potential future of gold prices along with the effects of inflation here in the US and abroad.
Paid over $4.00 a gallon this weekend. This high this early in the year brings the gas price back on the macro radar screen.
Very good video.
In his State of the Union speech Tuesday, President Barack Obama made a few favorable references to his erstwhile opponent, Mitt Romney, the guy who four months ago was such a heartless cad that he “didn’t even care” that some woman got sick and died
Charles Goyette (Author of The Dollar Meltdown and Red and Blue and Broke All Over) on the future economy, and also "Ron Paul’s America" with Ron Paul and Charles Goyette
A review team appointed by the State of Michigan has concluded that Detroit is mired in serious financial problems, a step that draws the city ever closer to emergency oversight by a state-assigned financial manager.
n fact, if we use past experience as a guide, businesses should be able to adjust to a jump in the minimum wage as great as 70%. That would push the federal minimum wage up to $12.30. In states with average living costs, full-time earnings at $12.30
"In July of 2012, the Federal Reserve Bank of New York granted a bailout to Bank of America;
Every day, public and private data-gathering agencies publish economic reports that are widely reported on by the business media
It might be a break-through that creates wealth and jobs in the United States and transforms the industry of oil and natural gas hydraulic fracturing, or fracking. That is, as long as the foreign-born inventors aren’t forced to leave the country.
Imagine a city with open space larger than the size of Paris, where people are planting hardwood trees and vegetable gardens, and neighbors have plenty of room to spread out. It would sound so idyllic, if only it weren't Detroit.
Gas prices in Southern California rose again on Monday, leaving some drivers paying over $5.00 per gallon.
But it has been artificially constrained from using that power by misguided economic dogma, dogma generated by the interests it serves. We have bought into the idea that there is not enough money to feed and house our population, rebuild our roads an
ONLY one thing is worse than the financial industry dangling inappropriate products in front of poor customers, and that is not providing them with financial services at all.