All Economy
- Get out of town: the world's 10 best-reviewed hotelsThe world's 10 best hotels according to Expedia range from a boutique in Slovakia to a chain in Nebraska. Only 4 of the world's 10 best hotels are in the US, in cities you might not expect.
- Mortgage rates fall to 3.71 percent, hit yet another record lowMortgage rates with a 30-year fixed interest rate declined to 3.71% since last week while the purchase application volume increased 3.0% and the refinance application volume declined 3.0% over the same period. last week's disappointing jobs report pushed mortgage rates to their 10th record low in 12 weeks.
- Stocks close lower for fifth day straightIt was the fifth straight day of losses for both the Dow and S&P. That's the worst stretch for both since a six-day losing streak in May. With the US economy sluggish, there was little for investors to hold on to as the Dow closed down 48 points at 12,604.
- Debate on reserve fractional banking devolves into public squabbleRon Paul showed how he is open to debate by having both Professor Joseph Salerno and Professor Larry White testify before his sub-committee on the subject of fractional reserve banking. But a perceived bias towards Salerno prompted a rebuke by George Selgin.
- How to 'contain the depression?' More credit, economists claimBill Bonner is not too pleased with economists right now. In his latest post he claims that as a result of their conceits and delusions, trillions of dollars have been clipped from the world’s GDP, billions of people are poorer and their lives shorter.
- DirecTV, Viacom dispute darkens 26 cable channelsDirecTV has dropped 26 channels for nearly 20 million subscribers, who have lost access to Nickelodeon, Comedy Central, and other networks owned by Viacom, as financial negotiations between the two parties reached an impasse Tuesday. Viacom said DirecTV dropped the channels without any warning, while DirecTV countered that its hand was forced by Viacom.
- Eating before grocery shopping cuts down on impulse buysOne of the biggest unnecessary costs when it comes to the grocery store is impulse buying. Cut down on this problem by always making sure to shop after you've eaten, this way avoiding delicious but unnecessary temptations, and saving you money.
- Virgin Galactic: Branson eyes 2013 launch for private space travelVirgin Galactic has 529 paid passengers so far, according to billionaire Richard Branson. The tycoon is planning on bringing his kids on the planned Virgin Galactic spaceflight.
- Chevrolet Malibu Eco: most hated car of the year?Chevrolet Malibu Eco has gotten a lukewarm reception from critics so far this year, due to unimpressive gas mileage and a less than competitive price tag . But if buyers don't love the Chevrolet Malibu Eco, they can return it under Chevy's money back guarantee.
- Top 5 states for business in 2012 These five states were the best places to do business in 2012, a year where states' financial fortunes finally saw improvement. Can you guess which state was number one?
- Too much too soon? Hong Kong may be experiencing housing bubbleAccording to newly released figures, in April, the price of residential properties increased over 3% since March and climbed 7.11% above the level seen in April 2011, leaving some analysts wondering if the region might be experiencing a bubble.
- S&P 500 poised to break losing streakThe S&P 500 is set to break a four-day streak of losses, as US stocks opened higher Wednesday. The S&P 500 losing streak is the index's longest since May.
- Trimming tax breaks to cut rates is a lot harder than it looksIt's not impossible for pay for individual tax rate reductions by cutting tax expenditures. But it is very hard. Congress could fix that huge distribution problem by raising tax rates on capital gains and dividends — but it is a very unpopular platform.
- Free Slurpee Day: Celebrate 7-Eleven's birthday (on 7/11)Free Slurpee Day is at 7-Eleven from 11 a.m. to 7 p.m., to celebrate the convenience store chain's 85 years in business. 7-Eleven is offering free 7.11-ounce slurpees while supplies last during today's Free Slurpee Day.
- Flying with a child? How to avoid unfair fees.Flying with a child in your lap shouldn't cost extra, but all too often, it does. Here's how to sidestep the 'international lap child fee.'
- Oil prices near $85 per barrel as supplies dwindleOil prices rose Tuesday as US supplies fell for the second straight week. Benchmark oil prices for August were up 92 cents to $84.83
- Common dollars and sense: Eating less fast food does a body goodWhen it comes to fast food, it's just common sense. The average American spends $232 per month eating meals prepared outside the home. With 18.2 meals eaten outside the home in an average month, these meals outside the home costs a person $12.75.
- Bad news bears: Small business owners’ pessimism bad for AmericaThe NFIB Small Business Optimism Index is down sharply this month. Entrepreneurs have been an essential part of every past recovery. If they are not optimistic they are not going to hire more workers, buy inventory or increase spending.
- Gas prices jump, with summer vacations in full swingGas prices have risen about 5 cents a gallon in the past week to $3.38 a gallon. Drivers shouldn't be surprised if prices continue to go up this month.
- Stocks fall for a fourth day as tech profits slumpStocks dropped over one hundred points for the fourth straight day Tuesday, following a profit slump at technology companies and steep decline in oil prices. The bad news even outweighed hopeful developments in Europe.