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Eurozone worries ease on German court's bailout fund rulingGermany's Constitutional Court ruled today that the European Stability Mechanism bailout fund is legal, clearing the way for its use in bolstering the eurozone's ailing national economies.
Mortgage rates fall to 3.62 percentThe average rate for a 30-year fixed-rate mortgage declined to 3.62 percent since last week while the purchase application volume increased 8 percent.
German backing of ESM bailout fund lifts oil futuresOil futures rose nearer to $98 a barrel Wednesday after a German court ruling favored an ESM (European Stability Mechanism) bailout fund for deeply indebted eurozone countries. The ruling means that the ESM can come into force by the end of this year.
Are free markets the secret to Sweden's success?Sweden stopped outperforming other countries after a dramatic leftist shift in economic policies, Karlsson writes.
Facebook CEO hints at mobile, search initiatives. Shares riseFacebook CEO Mark Zuckerberg, in his first public appearance since the company's disastrous initial public offering, says Wall Street doesn't understand Facebook's business potential in mobile. Losing more than half their value since May, Facebook shares gained more than 3 percent.聽
UBS whistleblower: prison, then $104 million rewardUBS whistleblower Brad Birkenfeld gets record reward from IRS for exposing tax evasion at the Swiss bank. IRS investigation recovered $5 billion in back taxes and penalties from taxpayers.
Health-care premiums rise three times faster than wagesHealth-care premiums have doubled since 2002, a new study finds, while average wages to pay those premiums has risen only by a third. But the rise in health-care premiums is starting to slow.
Job openings and hires decline in JulyJob openings declined 2.06 percent since June, climbing 7.65 percent above the level seen a year ago, according to the latest data from the Bureau of Labor Statistics. Job hires declined 1.68 percent from June but rose 1.73 percent above the level seen in July 2011.
Stocks rise in anticipation of Fed meetingInvestors hope an upcoming Federal Reserve meeting will lead to a jump in stock prices. The average of 30 large company stocks has already gained 1.8 percent to start September, a month which is usually dismal for stocks.
Chevy Volt: GM's loss leader under new scrutinyThe Chevy Volt is losing money for GM two years after its debut. But initial losses on investments in new auto technology are typical, and the Chevy Volt may offer GM an environmentally responsible 'halo effect.'
UBS whistleblower: IRS pays tax cheat informant $104MUBS whistleblower Bradley Birkenfeld was awarded $104 million by the Internal Revenue Service for providing information about overseas tax cheats. The UBS whistleblower is credited with exposing widespread tax evasion at the Swiss bank and was jailed after cooperating with authorities.
In defense of the Chevy Volt: How much does it really cost GM?Reuters reported Monday that the Chevy Volt costs GM up to $49,000 per unit. Now some are disputing the figure, saying that it doesn't reflect the cost of each Volt over the entire production run.
Living below your meansWe sacrifice too much in pursuit of financial success, Hamm argues. Sometimes more money means more problems.
Fannie Mae delinquencies down in JulyAll measures of single family delinquency continued to decline in July, according to the latest Fannie Mae Monthly Summary.
How to find the best rates on home and auto insuranceComparing quotes for homeowners and automobile insurance can easily save you as much as 50% on your annual premiums, Hamm writes.
9/11 museum construction will resume; cost dispute resolved9/11 museum will resume construction after a cost dispute was resolved between the foundation that controls the museum and the Port Authority of New York and New Jersey. The 9/11 museum is designed to extend seven levels underground and will include artifacts from the day of the attacks,
Chevy Volt: GM's green-guzzling green car?Despite the Volt's popularity, the electric car could be costing GM $49,000 for each Volt it makes, Reuters reports.
City workers fly under red-light radarWhen municipal employees in Rochester, N.Y., get ticketed by the city's red-light cameras, they simply don't pay for their mistakes.
Bad news from China sends stocks slidingAfter last week's stock market rally, the Dow fell 52 points to close at 13,254 on Monday. Investors hope potential new stimulus funding will send stock prices bouncing back.
Stick to liability insurance for very old vehiclesIf you鈥檙e driving an old car that will have to be replaced in the future it's time to take a serious look at your auto insurance. Hamm explains that anything beyond liability insurance may be too much for your old car.