All Economy
Nokia planning to cut 10,000 jobs, close plantsNokia Corp. will lay off 10,000 workers globally and shutter some of its facilities, the company said Thursday. The world's top cellphone maker last year, Nokia has struggled with competition from Apple and Google.
Obamacare: a compromise on the individual mandateMost experts think that the Supreme Court will strike down the individual mandate portion of Obamacare, leaving the rest of the law intact. But if that happens, insurance companies will claim they can't insure pre-existing conditions. Is there a compromise?
Father鈥檚 Day gifts: 5 things to do with Dad for under $150Father's Day gifts are around the corner, and we're spending the most Father's Day bucks this year on experiences. This suggests we want to spend time with Dad, more than anything. With that in mind, here are 5 suggestions for Father's Day outings that won't break the bank.
No credit history? You can still get a credit score, Experian says.Experian announces new credit score system for those with little or no credit history. 'Extended View' credit score looks at rental data and public records to establish a credit score.
Fund managers show trend toward the risk-averseThe June Survey of Fund Managers has been released by Bank of America Merrill Lynch, and it shows some classic late-stage downtrend behavior, as well as a new emphasis toward strongly risk-averse behavior.
US stocks end lower as Europe teetersThe Dow average shed 77 points to end at 12,496 after another day of volatile trading around the globe. The Dow had been down as much as 120 points and up as much as 24 points. This follows triple-digit gains on Tuesday and losses on Monday.
Q: How is college like owner-occupied housing?In light of the rising costs of college tuition around the country, coupled with the staggering amount of debt students have accumulated, studies are being done to examine a possible causal connection between expanding federal aid programs and tuition hikes.
Bears do it! Hibernation mode convenient, efficientDon't let your laziness get the better of you. For every hour your computer stays on, doing nothing, you pay. Instead, switch your computer to hibernation mode when not in use. Your work will be saved, and your energy bill trimmed.
Say what? Reports claim Saab not dead, sale agreement reachedFans of the Swedish car company, which filed for bankruptcy protection last fall after being crippled by production stoppages, withheld salary payments and mounting debt, may have reason to rejoice. News reports now claim the company has been sold.
Gas prices fall amid lower US retail salesGas prices in the US聽 fell less than a penny to $3.539 per gallon overnight Tuesday, dropping 16 cents below gas prices a year ago.
Correcting Krugman: Setting the record straight on Latvia laborIn response to recent comments by US economist Paul Krugman, Karlsson clarifies and explains the concept of labor mobility, along with its potential for lowering unemployment rates across the eurozone region.
Town swears off swearing, passes $20 profanity fineTown swears off swearing: Middleborough Mass. residents have voted to make the foul-mouthed among them pay a $20 fine for swearing in public. Locals say the decision for the town to swear off swearing was the result of public profanity hurting local businesses.
Argentina plays fast and loose with inflation factsArgentina's hard-charging president Cristina Fernandez de Kirchner has instituted new policies that place stringent controls on foreign-currency purchases, while insisting citizens convert their US dollars to pesos. The Daily Reckoning team is skeptical.
Saab, bankrupt, has a buyerSaab has inked a deal with an electric car-making consortium of Hong Kong and Japanese investors. The purchase of Saab would save the bankrupt Swedish brand from insolvency.
Donations via text approved for Obama, Romney campaignsDonations via text message have been approved for US campaigns and political groups by the FEC. Donations via text will be capped at $10 per text, $50 per month.
Recession in America? 10 questions assessing the threat.Concerns about weak economies in Europe have already rattled global financial markets, and things are hardly rosy at home. Is America heading into a recession? Here are answers to 10 questions about that risk.
Economy's real problem? The spenders can't spend.The recovery has been slow, but not because of Europe's debt crisis, Wall Street, or high taxes. American consumers, whose spending is 70 percent of economic activity, don鈥檛 have the money to buy enough to boost the economy.
Wall Street's high-stakes love affair with Europe continuesGoldman Sachs, Bank of America and Morgan Stanley among the Wall Street giants that have continued to buy up bonds in debt-laden Italy and France. Hopefully these risky moves pay off. Because Wall Street never makes bad decisions.
Encouraged by the Fed's positive comments, stocks rise sharplyErasing a big decline from the day before, the Dow Jones increased by 162 points to close at 12,573, as every major category to stock in the market closed higher. The president of the Fed's Chicago bank said he supports super-low interest rates, encouraging investors.
Dutch bank pays steep price for ignoring US sanctions on Iran and CubaDutch bank ING has agreed to pay a record $619 million fine after admitting that it moved money from Iran and Cuba through US banks despite sanctions forbidding the practice.聽
