All Economy
- Private employers add 201,000 jobs in AugustThe new jobs mean an increase of 1.96 percent in the total employment level. Small to mid-sized service providing jobs showed the most growth.
- Stocks soar to highest level in four yearsUS, European stocks surge in response to European Central Bank's plan to buy bonds to support struggling Spain and Italy. S&P 500 rises 28 points; the Dow jumps 244 points to close at 13292.
- Health-care system wastes $750 billion a yearHealth-care system squanders roughly 30 cents of every medical dollar through unneeded care, byzantine paperwork, fraud and other waste, a new study shows. Deep cuts to the US heath-care system may produce a more efficient, better-quality product.
- Jobless claims fall by 12,000Initial jobless claims declined to 365,000 over the past week while continued jobless claims declined by 6,000.
- Insurance: Why do we need it?There are many different kinds of insurance, and getting covered can be complicated. The first step is knowing your reasons for getting insured.
- Glenn Beck rant against American Airlines: Will it hurt revenue?Glenn Beck used his radio show to complain that an American Airline flight attendant treated him rudely because Beck is a conservative. Glenn Beck says he isn't calling for a boycott the airline.
- How low borrowing rates slow the economyLow interest rates may seem great for consumers, but they wreck business models (particularly in the financial industry), and they don't do enough to spur lending and borrowing.
- European Central Bank to take action? Global markets wait and hope.European Central Bank may take measures to ease Europe's debt crisis, and hope for such action buoyed markets Thursday morning. European Central Bank president Mario Draghi has said that he will do 'whatever it takes' to save the euro.
- Some credit cards can replace car-rental insuranceYou could save up to $28 a day by skipping car-rental insurance. But getting replacement coverage from a credit card depends on two key questions.聽
- Stocks close mixed with a warning from FedExWhile the Dow rose 11 points Wednesday, the Standard & Poor's 500 index fell 1 point and Nasdaq lost 5 points.
- Vacation danger: Is cruise ship liable for perils on shore excursions?A federal appeals court restored a lawsuit against Carnival Cruise Lines in the case of a 15-year-old passenger killed in the crossfire of a gang shooting on the island of St. Thomas.
- Mandates vs. tax subsidies: Which encourages more saving?Tax subsidies and mandatory savings systems are both policies designed to promote saving and investing, but which is more effective?
- Electric cars are becoming everyday vehiclesA new survey shows that 85 percent of plug-in vehicle owners use their electric cars as their primary vehicle.
- Mortgage rates fall to 3.66 percentThe latest data from the Mortgage Bankers Association show that mortgage rates fell to 3.66 percent over the past week.
- Man swallows diamond worth almost $14,000Man swallows diamond in Sri Lanka: Police take suspected diamond thief to hospital for X-ray to prove his guilt or innocence.
- ECB's Draghi said to push unlimited bond buyingECB chief Draghi will propose a plan to ease the borrowing costs of 聽troubled euro nations, such as Spain's and Italy's, by buying unlimited amounts of their government bonds, according to a new report. Draghi's plan would have to be approved by the bank's governing council.聽
- The week's biggest political news. Nope, not conventions.Friday's unemployment report will be crucial for both presidential candidates. If the rate of unemployment drops, President Obama鈥檚 claim that we鈥檙e on the right track gains credibility. But if these numbers are moving in the wrong direction, Romney鈥檚 claim that聽 the nation needs a new start may gain traction.
- Are attacks on the Romney/Ryan budget fair?Leftists have been attacking the Romney/Ryan budget plan from the moment Paul Ryan was chosen as Mitt Romney's running mate. But some of their critiques could easily聽 apply to Democrats.
- McDonald's to open vegetarian-only restaurants in IndiaMcDonald's is known for its hamburgers, but the chain will open two all-vegetarian restaurants in India next year. The meatless McDonald's locations will aim to cater to the local tastes of the region's majority Hindu and Muslim population.
- FedEx earnings cut; weak global economy to blameFedEx Corp. cut its earnings estimate Tuesday, citing slow global economic growth. The FedEx earnings shortfall came mainly in the company's express division.聽