All Economy
Swiss franc's massive surge, the most in decades, hit firms around the worldThe scale and speed of the Swiss聽franc's staggering ascent in what is one of the world's most-traded currencies caught many financial firms unprepared 鈥揻or some smaller firms proved to be too much.
Consumer prices drop the most in six years. They aren't finished.The consumer price index (CPI) fell 0.4 percent last month, its biggest slide since 2008, thanks largely to falling gas prices. But with the dollar strengthening, wages rising, and gas prices projected to fall even more, experts say this may be the start of a much larger swoon in consumer prices.聽
Five side jobs that can supplement your incomeWhether you're struggling to get by or want to put money away for a wedding or vacation, extra cash flow never hurts. Here are five ways to supplement your income without doing a ton of extra work.聽
Six steps to debt freedomTackling debt isn't easy, especially at the beginning. But a few key adjustments to your budget can send you well on your way to a debt-free paradise. Here are six cost-cutting measures to help eliminate your debt quickly.聽
US jobless claims jump to a four-month highJobless claims by US workers increased to the highest level since early September, but the underlying trend continued to point to a strengthening labor market. The Labor Department said jobless claims rose by 19,000 to 316,000 for the week ending Jan. 10.
Switzerland ditches currency peg, gets much more expensiveThough the timing of the聽Swiss聽decision proved a surprise, most foreign exchange experts thought the peg would have to be abandoned, just as previous such efforts had.
How is middle class doing? Four gauges show why politicians are talking fixes.Despite signs that the US economy is rebounding, the middle class continues to struggle. Politicians from both sides of the aisle have set their sights on boosting the middle class.
US retail sales drop 0.9 percent in December, but holiday sales riseUS retail sales declined 0.9 percent last month, but retailers saw a 4 percent increase in holiday spending. Falling gas prices and steady job growth may be the reason.聽
Target pulls out of Canada. What went wrong?Target said Thursday that it will be ending operations in Canada, nearly two years after launching an ambitious expansion into the country. Poor sales, a difficult market, and a lackluster holiday season ultimately spelled the end for Target in Canada.聽
Bank of America sees profits fall by double digitsBofA has been hit by high legal costs since the financial crisis, which have undermined the cost-cutting initiatives introduced by Chief Executive Brian Moynihan.- Economic recovery: Foreclosure rates drop to lowest level since Great RecessionThe number of homes repossessed by banks fell 29 percent last year to the lowest level since 2006, a year before the subprime mortgage crisis erupted.
Is the budget deficit even a problem?Do deficits matter?聽It is an age-old question that鈥檚 going to get renewed attention in a聽Congress where聽Republicans have made no secret of their desire to cut government spending. Two tax experts take up the deficit debate.聽
How Harry Potter fans won a battle against child slaveryAfter a four year battle, Warner Bros. agreed to use only Fair Trade or UTZ certified chocolate in Harry Potter products. Can fans be activists?
Facebook at Work: A good idea?Facebook launched its new corporate connectivity app called Facebook at Work. Early critics wonder if it's all it's cracked up to be.
First 'soda tax' takes effect in Berkeley. Will others follow?The first 'soda tax' in US took effect on January 1 in Berkeley, increasing the price of a can of soda by 12 cents, and a one-liter bottle by 68 cents. Soda taxes such as this one are meant to curb consumption of sugary drinks.
No Carnitas? Chipotle stops serving pork at hundreds of restaurants.Chipotle聽says it stopped serving pork at a third of its restaurants after suspending a supplier that violated its standards. Chipotle did not have a timeline for when carnitas would return to affected stores.聽
Ford GT will be the cover car for 'Forza Motorsport 6' on XBox OneThe new Ford GT will be the featured cover car聽for 'Forza Motorsport 6,' set to debut soon on XBox One. So聽you won't have to take out a second mortgage to drive the latest Ford supercar.聽
JPMorgan Chase CEO: banks 'under assault' from regulatorsJPMorgan Chase reported a 7 percent drop in profits 聽Wednesday and faced $1.1 billion in additional legal costs.聽JPMorgan聽agreed in November to pay $1 billion in penalties over its conduct in foreign exchange markets. Investigations into that and other areas, including alleged manipulation of Libor interest rates, are continuing.
Tesla Model S P85D, S85D shows off at 2015 Detroit Auto ShowTesla's stand at the Detroit Auto Show聽聽included both its newest and highest-performance version of the Model S--the P85D--and the standard S85D model.聽The two cars聽on display represented the first time that the latest versions of the Tesla Model S had appeared at any global auto show.
December retail sales tumble on gas prices, weak holiday spendingRetail sales took a sharp fall in December thanks to underwhelming holiday sales and low gas prices, according to the Commerce Department. Still, the fall in retail sales聽聽is probably not the start of a weak trend given lower gasoline prices and a firming labor market.
