All Economy
Banco Espirito Santo bailout raises questions, boosts US stocksPortugal's Banco Espirito Santo was saved from collapse by a 4.9 billion euro bailout Sunday. The 聽Banco Espirito Santo bailout drama in Portugal raised questions from investors, but US stocks are on the rise Monday morning.聽
Top colleges: Which school is the best bang for your buck?Top colleges lists are usually long on the typical Ivy League suspects. But a new ranking that takes into account price over prestige has identified a new top college located in the Boston suburbs.聽
Robert Reich: Valuable workers to society are underpaidPeople who contribute to society, such as teachers and social workers, make far less money than they should, writes Robert Reich. For example, Robert Reich points out that personal-care aids who help the elderly and people with disabilities make about $20,000 a year.聽
Tesla owner: UberX is cheaper than owning an electric carA Tesla owner in San Francisco calculated that using the ridesharing service UberX was $1,600 cheaper over the course of a year than owning an electric car. Telsa models and other聽electric cars are聽cheaper to operate per mile than internal-combustion models, but perhaps that doesn't take things far enough.
How is retirement saving changing for the future?The Treasury Department announced that it would allow people聽to shift a portion of their 401(k)s or IRAs into a deferred annuity that provides a guaranteed stream of income once people reach old age. What does that mean for the future of retirement saving?
Plug-in electric car sales rose in July, but in small numbersUS plug-in electric car sales rose in July, but electric cars still make up for a tiny part of the auto market. Nissan sold more than 3,000 Leaf battery electric cars, while Chevy sold more than 2,000 Volt range-extended electric cars.聽
Virgin Mobile smartphone plan: Is it a good deal?Virgin Mobile is giving customers the chance to tailor their smartphone plans, but on limited devices from Walmart, on Aug. 9. Should consumers consider trying Virgin Mobile's smartphone plan?
GM, Ford face lawsuit from music industry. Are cars' music hard drives illegal?Ford and General Motors is reportedly being sued by the聽Alliance of Artists and Recording Companies聽over royalties.The AARC says that Ford's "Jukebox" GM鈥檚 "Hard Drive Device" can save audio files to a hard drive and that neither of those devices uses copyright protection software.聽- Unemployment rate rises in July: why that may be a good sign for economyThe unemployment rate ticked upward to 6.2 percent of the labor force, up from 6.1 percent the month before, according to the Labor Department. Sometimes unemployment can rise even as more people get jobs
Total unemployment in July rose to 12.2 percentUS total unemployment increased to 12.2 percent in July, according to Bureau of Labor Statistics. The traditionally-reported unemployment rate also rose to 6.2 percent.
P&G will axe '90 to 100 brands' from product lineupProcter & Gamble, the maker of Pampers diapers, Crest toothpaste and Tide detergent, will shed many of 聽its well-known brands in the coming years in order to cut costs. Which Procter & Gamble brands are on the chopping block?聽
Hyundai recalls more than 419,000 cars for various problemsHyundai is recalling more than 419,000 cars sold in 20 states and Washington, D.C. Hyundai is recalling the cars for various problems that require suspension, brake and oil fixes.聽
July auto sales: GM, Toyota surge ahead while Volkswagen's sales continue to slideUS auto sales in jumped in July. General Motors, Ford, and Toyota were some automakers who saw major gains in auto sales, while Honda and Volkswagen saw their auto sales go down in July.
Digital currency lawsuits: Bitcoin scrambles to boost consumer confidenceDigital currency lawsuits reveal weaknesses in a burgeoning industry with little regulatory oversight. Bitcoin is turning to third parties to reassure users that millions of dollars of value will not vanish without a trace.
Facebook sued by law student Max Schrems for privacy violationsFacebook is facing a class-action lawsuit from Max Schrems, an Austrian law student and data privacy activist who announced Friday that he will sue social networking site. Mr. Schrems claims Facebook violated Europe's privacy laws and its own terms of agreement during its participation in NSA spying programs.聽
Tesla Motors reveals 'potential' Gigafactory location in earnings reportTesla Motors has broken ground in Reno, Nev. for its $5 billion Gigafactory, according to their earnings report. But, Tesla Motors says it is a 'potential' location for the lithium-ion battery factory and the automaker is still looking at other possible sites.
Terry Pegula, Donald Trump in the running to buy the Buffalo BillsTerry Pegula, owner of the NHL's Buffalo Sabres, and Donald Trump remain potential owners for the NFL's Buffalo Bills franchise. The Buffalo Bills are expected to fetch over $1 billion, and Trump is prepared to make an all-cash offer.聽
Economy adds 209,000 jobs in July. Is Wall Street growing frustrated?The US economy added 209,000 jobs in July, fewer than analysts expected, and the unemployment rate ticked up to 6.2 percent. The July jobs report marked the sixth straight month of more than 200,000 added jobs, but there are signs that growth might be slowing.聽
Need tablet computers? Best deals to look into.Need a tablet computer this week? Writer Louis Ramirez breaks down the best deals this week for tablet computers.聽
August is here! The best and worst things to buy this month.August is here, which means consumers can save money as back-to-school shopping sales begin. For example, shoppers will find many deals on cheap dorm furniture and grills, and can use a tax-free holiday to buy school supplies.
