All Economy
JPMorgan collapse: Can we regulate Wall Street now?JPMorgan Chase & Co., the nation鈥檚 largest bank, announced Thursday that it had lost $2 billion in risky trades over the past six weeks. It adds fuel to the argument that Wall Street needs to be more heavily regulated.
The labor report that may decide the presidential electionIf the race is close this fall, a small set of data could be all the difference.
Will taxing the rich really fix the economy?The rich are roundly blamed for the country's economic woes. But the problems the economy faces run deeper than tax code matters.
JP Morgan $2 billion loss stirs memories of 2008 crisisJP Morgan CEO Jamie Dimon dubs losses 'egregious,' but market analysts expect that, this time, the damage would be contained and not spread to the entire financial system.- Are some global companies too reliant on China?Consumer companies like Apple, BMW, and Starbucks saw profits rise last quarter because of surging sales in China, while industrial companies like Caterpillar and ABB struggled. Slowing Chinese growth could threaten the latter, but not the former as much.聽
- New world record: 1,626 miles on one tank of gasHelen and John Taylor drove the longest distance without refueling of anyone in the world. Their car, a diesel-powered Volkswagen Passat, got an average 84.1 miles per gallon. 聽
Hedge funds: Money rolls in after stellar quarterHedge funds' inflow in April was nearly five times the rate in March but lower than the amount of investment hedge funds attracted a year ago.- Oil prices fall below $96 a barrelOil prices in Asia fall on concerns about slowing economic growth. Oil prices have fallen about 10 percent since last week.
- JPMorgan reveals huge $2 billion trading lossJPMorgan stock drops nearly 7 percent in after-hours trading. JPMorgan CEO Dimon blames 'errors, sloppiness, and bad judgment.'
- Seven retirement questions you need to answerRetirement planning isn't easy. Nearly half of Americans don't feel financially prepared to live to age 75, according to a survey from Northwestern Mutual. But the process is a lot less burdensome if you break the task down into simpler parts. Here are seven questions to ask as you plan for your long-term financial security in retirement.
Will Obama's views on tax reform 'evolve' too?Will Obama's public support of marriage equality spill over to financial matters?
Stocks break losing streak. Barely.The Dow rose 19 points to close at 12885 Thursday, just barely ending its longest losing streak since August.
Store credit cards aren't worth the one-time discountLots of stores will encourage you to sign up for their store credit card, usually with the incentive of a big, one-time discount. But there are several reasons not to sign up.
Exclusive: potential China link to cyberattacks on gas pipeline companiesThose analyzing the cyberspies who are trying to infiltrate natural-gas pipeline companies have found similarities with an attack on a cybersecurity firm a year ago. At least one US government official has blamed China for that earlier attack.
23 ways to save money on clothesAmericans spend an average of $1,700 per year on clothing and accessories. But there are plenty of ways to trim the bill and still look good.
Sony stock slides as entertainment giant suffers huge earnings lossSony stock dipped 1.2 percent in Tokyo following the news that Sony racked up a record $5.6 billion annual loss in 2011. It was Sony's fouth straight year in the red.
Euro debt crisis: Is Spain the new Greece?
As Chinese wages rise, US manufacturers head back homeBy 2015, Chinese wages will be high enough that it will be just as cheap to manufacture goods for the US market in America. Some US manufacturers aren't waiting.
Forget gay marriage. America's real problem is in its boardrooms.In pushing legislation to ban same-sex marriage and limit women's reproductive rights, Republicans are avoiding a much bigger issue: what's going on in the country's corporate boardrooms.
Tax evasion: Is IRS tough? Try Brazil's 'Lion.'Tax evasion is relentlessly sought out by Brazil's tax agents, known as 'The Lion.' Brazil is counting on the crackdown on tax evasion to fund ambitious government spending.
