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Congressional Budget Office's budget outlook shows problems still lingerThe Congressional Budget released its long-term budget outlook. Although the size of the US deficit isn't a problem right now, the CBO projects it to get bigger after a few years. There are five other takeaways from the CBO's budget outlook.
Starbucks (SBUX) opens first store in Colombia. Watch out, Juan Valdez.Starbucks (SBUX) opened its first store Wednesday in Colombia. Starbucks will be competing against Juan Valdez, a local Colombian coffee shop, which modeled itself off the Seattle chain.
BMW recalls 1.6 million 3 Series vehicles worldwide with Takata airbagsBMW is recalling 1.6 million 3 series vehicles worldwide with Takata airbag inflators as a聽precautionary measure, the automaker said Wednesday. The BMW 3 Series recall affects 574,000 cars in the US.
Retirees can still set up a Roth IRA to leave to their children. Here's how.Even after retiring, people can still set up a Roth IRA and leave it for their children. Financial adviser Johanna Fox Turner explains what people need to do when it comes to Roth IRAs.
Who isn't working? Wealthy people 'born into the right family.'Self-made wealthy people are disappearing 鈥� six of today's 10 wealthiest Americans are heirs to prominent fortunes after being 'born into the right family,' writes Robert Reich. What does this mean for the rest of the US?
US retail sales tick up in JuneUS retail sales rose 0.2 in June from May and are up 4.3 percent since last year, according tot he US Census Bureau. Sales of nominal 'discretionary items' such as home furnishings and consumers fell from May's levels but are higher compared to last year.聽
Rupert Murdoch's $80B Time Warner bid rejected. TWX shares soar.Time Warner (TWX) has rejected a reportedly $80 billion bid from聽Rupert Murdoch's Twenty-First Century Fox, Fox says. After the news was announced, Time Warner (TWX) shares rose by 16 percent while Fox starts to trickle down.
Kansas tax cuts caused tax revenues to fall 11 percent. What's next?Between June 2013 and June 2014, Kansas saw its tax revenue fall by 11 percent. Why is Kansas still making so many tax cuts then, questions Howard Gleckman.
Why Apple consumers should be wary of iPhone back-to-school dealsConsumers may want to reconsider the back-to-school bundle deals on Apple products. Apple is expected to refresh its line of iPhones and iPads soon, which may make the Apple bundles less valuable in the long run.
New Jersey auto dealers will pay $1.8 million to settle customer complaintsA group of New Jersey auto dealers have to pay $1.8 million to settle complaints from consumers about their deceptive practices. Customers say that the New Jersey dealers had deceptive practices, such as failing to honor advertised prices.聽
Fed Chair Yellen: US economy still needs supportIn delivering the Fed's semi-annual economic report to Congress,聽Yellen聽said the Fed's future actions will depend on how well the economy performs.
Home Depot stores to begin selling MakerBot 3D printersHome Depot began selling MakerBot 3D printers from 12 locations Monday, expanding its online sales of the 3D printers into stores. The announcement makes Home Depot the first national retailer to sell 3D printers in its brick-and-mortar locations.聽
Should McDonald's prepare to fight Chick-fil-A for business?McDonald's may need to watch out for Chick-fil-A's growing business over the next 10 years, experts say. Chick-fil-A has one-sixth of McDonald's US sales in 2013, but it is growing rapidly.聽
Browns owner Jimmy Haslam鈥檚 truck stop chain will pay $92 million fraud fineCleveland Browns owner Jimmy Haslam's truck stop company Pilot Flying J will pay $92 million fine so the US government won't prosecute the company. The deal follows an investigation into Jimmy Haslam's company after customers lost $58 million in withheld rebates and discounts.聽
Social Security strategies that everyone should knowThere are five key Social Security strategies that everyone needs to know, writes Joseph Alfonso. For example, retirees may want to consider delaying taking benefits until age 70.
$92 million fine for Pilot Flying J truck stop empireBrothers Jimmy, who owns the NFL's Cleveland Browns, and Bill Haslam, who is the governor of Tennessee, will not be prosecuted under terms of the agreement with the federal government.
Wurst 'cartel' fined $460 million for price-fixing in GermanyThe German sausage makers punished included Nestle subsidiary Herta, as well as Meica, Boeklunder, and Wiesenhof.
Ford recalls Ford Escape models built at Louisville plantFord is recalling certain 2014 Ford Escape models built at a Louisville plant in October. The Ford Escape cars in question may have an issue that could cause the glass of its panorama roof to detach.聽
Reynolds American to buy Lorillard for $25 billion. Will cigarette prices go up?Reynolds American will buy its rival, Lorillard Tobacco Company, for $25 billion, both companies said Tuesday. Reynolds American's purchase of Lorillard聽could spur a wave of consolidation in the tobacco business, shrink workforces, and push cigarettes prices higher.
Need a laptop for school? How to find the best deals for computers.As the back-to-school shopping begins, consumers can find deals on laptops for college. If you're looking for an Apple computer, for instance, you can find the best laptop deals at Apple resellers.聽
