All Economy
Happy Wednesday! Dow leaps 286 points, best day of the yearThe rally started early and gathered force in the afternoon. The charge turned the Dow positive for 2012 and erased the biggest loss of the year less than a week after it happened to close at 12,414..
Can you yell 'run' in a crowded bank?Many states have laws on the books prohibiting anyone from making disparaging comments about a particular bank鈥檚 financial condition. This talk is thought to be outside free speech because rumors can trigger a bank run, but a recent ruling has some banks worried.
Stocks jump in Europe and US on hopes of rescue for Spanish banksOn a day that Moody's downgraded the safety rating of six German banks over the eurozone debt crisis, major stock indexes that have been roiled by the crisis rose 2 percent on the Spanish rescue hopes.
Oil prices rise, drop, and rise again. Buckle up, Earth.Predicting global oil prices is not easy. Prices have more to do with global politics -- and supply and demand -- than with politicians, but voters take out their anger on the leaders they can reach.聽
If you live by the sword investors, remember you die by it, tooThe impressive luck of one hedge fund manager has The Reformed Broker reminding investors that the stated return should never be the focal point - it should always be a question of "how was this return produced."
Honda Fit EV gets record fuel-efficiency rating: 118 m.p.g.Honda Fit EV beats out other electrics, including the Mitsubishi i at 112 m.p.g. equivalent. EPA also gives 2013 Honda Fit EV a longer driving range than Ford Focus Electric and Nissan Leaf.
Long-term mortgage rates hit record low levels, survey showsThe聽Mortgage Bankers Association published this week the results of a survey that includes the purchase application index, which has been highlighted as particularly important for capturing the demand side of residential real estate.
Floating to Japan on a sea of bad debtThe Daily Reckoning's got nothing against Japan. But the Japanese economy has gone essentially nowhere in the last 22 years. And now, it has the largest pile of debt in the entire world. Who would want to emulate that?
In the age of super PACS, campaign dollars are becoming harder to traceBig corporations and Wall Street are also secretly funneling big bucks into front groups like the US Chamber of Commerce that will use the money to air anti-Obama ads, while keeping secret the identities of these firms.
Will central banks act? Markets say yes.Although the European Central Bank kept interest rates steady, stock and commodity markets were buoyed by optimism that central banks will provide stimulus to a weakening global economy.
FocusStudent debt: What's been driving college costs so high, anyway?Average tuition at public four-year colleges rose 73 percent from 1999 to 2009, even as median family income fell about 7 percent. Tuition at private colleges outpaced income, too. Here's why.
CBO budget outlook: a long-term view of the 'fiscal cliff'While this year's report doesn't offer anything new, the long-term budget outlook is a good way to take a step back from current policy debates and put impending decisions in the context of the bigger picture .
Student loans: Will more transparency help?Student loans, tuition, and other costs will come with more disclosure from 10 colleges and universities. Estimated monthly payments on student loans after graduation will keep families from taking on too much debt, White House says. 聽
Starbucks stock takes hit, but plan looks solidStarbucks stock falls after the company announced it was going to buy La Boulange bakery chain. But Starbucks stock could benefit by diversifying into food.
A better way? The case for a new kind of tax reformThere is nothing inevitable about the glum estimate set forth in the Congressional Budget Office's latest fiscal policy snapshot. What if Congress retained the level of taxation set by current law, while collecting the money in a much smarter way?
Family vacations on a budget: Yes, you can have it all.Vacations can be a lot of fun, but they can also be really expensive, and one of the biggest travel expenses is food. Our personal finance guru shares some tips to ensure that this summer your family eats well, while staying under budget.
Stocks inch higher as investors await Europe newsThe major market indexes closed modestly higher, after wavering between slight gains and losses throughout the morning. Trading volume was light and the stock moves were small, as the Dow Jones rose rose 26 points to 12,127.
'Bachelorette' lawsuit settled. Can spoilers help reality TV?'The Bachelorette' producers have dropped a lawsuit against blogger Reality Steve. Since he began revealing spoilers of 'The Bachelor' and 'The Bachelorette' on his website, ratings have gone up.
Feeling lucky? Entrepreneurs may need all the luck they can getDr. Cornwall offers up an assessment of the mind-set of the entrepreneurs and the other small business owners with whom he crosses paths. Just a warning: it's not overly optimistic.
Estonia rising: The little country that couldResponding to criticisms of one of the European Union's newest and poorest members, Karlsson argues that even adjusting for fortuitous circumstances along its borders, Estonia's performance the last two years makes it an austerity success story.