All Economy
- Alarms sound over world food supply as drought wilts US Corn BeltThe US government on Friday slashed estimates for global food supply as a deepening drought withers corn and soybean crops in America's heartland. 'Scary situation,' one analyst says.
- What cars do the 1 percent drive: Rolls-Royces or Honda Accords?Families in the wealthiest Zip Codes typically drive family cars, not Rolls-Royces. Here's a look at their Top 10 favorites. 聽
- Romney tax plan 'conceptually' close to Simpson-Bowles? No way!Romney tax plan avoids several key Simpson-Bowles proposals that would raise taxes overall and reduce the deficit. Instead, Romney tax plan relies solely on mostly unspecified spending cuts to trim deficit.
- Toyota Corolla to get dramatic overhaulToyota Corolla's transformation will be bigger than the Avalon's. Next Toyota Corolla should also get better gas mileage.聽
- Chinese economy slows sharply. Stimulus ahead?China's export growth plunges to 1 percent in July. Factory output, car and retail sales also decline more than expected.聽
- E*Trade fires CEO as customers flee stocksE*Trade appoints chairman as interim CEO while it looks for a replacement. E*Trade shares have fallen 27 percent in the past year.
- Plug-in hybrids to outsell all-electric cars?Plug-in hybrids like the Volt got a slow start last year, but now they're outselling all-electric cars, like the Nissan Leaf.
- Another quiet day for Wall StreetDow falls 10 points; Nasdaq rises 7 points; S&P closes flat. Stocks are in summer doldrums as traders look for direction.聽聽
- In France, high-frequency traders now get taxed for fictitious ordersOne technique for high-frequency traders is to enter multiple fictitious trades for a stock and then cancel them. France now taxes those 'non-transactions.'
- Prepaid cards are here to stay. Do you need one?Prepaid cards are surging: By 2013, consumers could be loading three times the amount of cash they carried on prepaid cards in 2010.
- Health-care reform: Has Team Romney embraced the individual mandate?Conservatives have howled over the health-care reform law's requirement that people buy insurance. But recent comments from the Romney campaign have some wondering if the presumptive GOP nominee is now embracing it. 聽 聽聽聽
- Don't believe housing's permabearsA housing recovery is slowly taking shape, despite the many doubters. 聽
- Google pays record fine to settle federal suitGoogle's $22.5 million fine is largest every imposed by the Federal Trade Commission for breaking a previous agreement. The Google fine was the result of charges the company was tracking millions of Web users.
- Postal Service unstoppable in rain, snow. But red ink?Postal Service reports $5.2 billion quarterly loss, most of it from defaulted payment for retiree benefits. Postal Service warns it could run out of cash in October. 聽
- Defense spending and the declining 'bang' for the buckDoes the US really need to spend more money on an M1 tank that won't be a part of the next war?聽
- On fifth anniversary of credit crisis, global markets fallThe unofficial anniversary of the start of the global credit crisis sees markets down, despite hopes of more Chinese stimulus and encouraging US jobs data.
- Does Mitt Romney really want to raise taxes on the middle class?A study suggesting Romney's tax plan would raise costs for the middle class got plenty of attention. But its deeper message got lost: Tax reform is hard.
- Self-driving cars: Coming sooner than you think?Self-driving cars are nearer than previously thought because of the convergence of technologies, HOV lanes, market opportunities, and young consumers who prefer to text than drive. The big advantage of self-driving cars: more efficient transportation.
- Smartphone sales: Android extends lead over iPhoneSmartphone sales grow 42 percent worldwide in second quarter. Two-thirds of smartphone sales were Android phones, up from 47 percent a year ago.
- Have you been ICEd? Gas guzzlers park in electric car-charging spots.One electric-car owner got so angry about internal combustion engine (ICE) cars taking car-charging parking spots, he made a video.