All Economy
Europeans fear Iran oil embargo will wreck economyWith a proposed embargo on Iranian oil, the European Union and the US could suffer from rising oil prices while Iran simply finds new buyers.
Obama tried to help the budget supercommitte. Really.In September, the president proposed a budget to the supercommittee that included budget cuts meant聽 to please Republicans. Yet some say he failed to "reach across the aisle."
Obama puts Keystone pipeline on hold, decries 'rushed and arbitrary' deadlineSpeaker Boehner accuses Obama of 'selling out American jobs for politics,' but Keystone pipeline operator TransCanada says it will submit plans for a rerouted project later this year.
Biotech stocks are the market's breakout starsThe action in the biotech sector of the stock market is huge, but risk-averse investors should proceed with caution.
Strong housing report boosts stocksThe Dow and the S&P 500 had their highset closing numbers since July, propelled by a surprisingly strong report on the housing market and the possibility of more money for the International Monetary Fund. The Dow rose 96 points to close at 12578, and the S&P gained 14 points to end the day at 1308.
Romney's tax loopholeMitt Romney probably manages to pay a 15 percent tax rate by treating his generous compensation from Bain Capital as capital gains. It's a loophole that unfairly benefits high earning private-equity managers.
Foreclosure hardest on low-income homeownersForeclosure is hardest on low-income and minority homeowners, and the gap in foreclosure rates is just the latest indication of a widening rift between rich and poor.
Why the Euro debt downgrade matters (even though it shouldn't)Credit ratings of national governments shouldn't be mandatory, but they affect treasury bond yields in countries that are already hurting financially.
Mortgage rates continue fallingThe average rate for a 30-year fixed rate mortgage dropped to 3.98% since last week.
Congress is back, and more combative than everThe least popular Congress in recent memory is back for another year of squabbling over tax policy. Will lawmakers finally reach an agreement over last year's unfinished business?
Retirement dilemma: Old account. Moving overseas. Should we close it?Retirement plan can be kept open, even though it's getting no new contributions, until your retirement. Question No. 2 in the reader's mailbag.
China reports solid economic growth. Should we believe it?China announced that GDP growth in the last quarter of 2011 was 8.9 percent, which suggests China will have a soft landing as its economy cools. But what's behind the numbers?
Romney's tax rate: Good gossip, great lessonRomney's 15 percent tax rate underscores the fact that even the preferential rate on capital gains and dividend income, is a big tax expenditure鈥揳 big way we 鈥渟pend鈥� money via the tax code.
Jerry Yang leaves Yahoo in surprise departureJerry Yang is severing all formal ties with Yahoo by resigning all positions including his seat on the board of directors.
Why Obama doesn't get enough creditWhy hasn鈥檛 the president gotten more credit for what history may ultimately judge as a record of remarkable accomplishments?
S&P downgrades the Eurozone bailout fundThe beleaguered nations of Europe created a program called EFSF (European Financial Stability Facility) to help sovereign debt issuers and Euro Zone banks cope with the ratings agency cuts to their debt ratings and rising interest rates. But yesterday, the S&P downgraded the EFSF itself.
Good news in Europe, China lifts stocksSlight improvements in Europe's troubled debt markets and China's economy lifted stocks Tuesday. The Dow rose 60 points to close at 12482
Making a major purchase? Consider last year's model.Stores often carry merchandise manufactured the year before. It's usually an identical product at a much lower price, but you might have to look a little harder for it.
Manufacturing perks up聽The Empire State Manufacturing Survey shows a notable improvement in manufacturing activity
Strategic foreclosure: Why people are ditching their mortgages聽More and more, indebted homeowners are deciding to walk away from their mortgages, instead of facing forced foreclosure. Who will pay the discarded debt?
