All Economy
- Top 40 richest list: Zuckerberg flames out as super-billionaire. Does it matter?Top 40 richest list from Bloomberg drops Facebook CEO Zuckerberg as his company's valuation ebbs. But making the Top 40 richest list is probably not Zuckerberg's big concern right now.
- Could gold really be on the ropes?When looking at gold you can be an expert in the fairy tale aspect or accept the fact that it is the ultimate Greater Fool trade, for better or for worse. With levels reading 1500 an ounce, at least one analyst thinks the hallowed metal may be flirting with breaking under.
- As fears about Europe's future worsen, the Dow closes downFearing a financial rupture in Europe, investors around the world fled from risk Wednesday. They punished stocks and the euro, and the yield on a benchmark US bond hit its lowest point since World War II. The Dow closed down 161 points to land at 12419.
- New signs of global slowdown darken analyst's economic outlookData released this week may show new signs of a global slowdown. But one analyst isn't surprised. From the tech bubble burst to the housing collapse to the resurgence of gold, he's been (mostly) right. Not that he's saying 'I told you so.'
- Your teen is ready to drive? Here's how to pick a driving school.Nearly half of US states require driver education for teens under 18. In choosing a driving school, look for one accredited by the AAA. Â
- Oil subsidies: Surprise! Liberals are fans, too.When asked if the federal government should eliminate subsidies for oil companies, most would respond with a resounding 'yes.' But such a policy would have unwelcome unintended consequences, and not just for billionaire oil tycoons.
- Facebook opens office in DubaiFacebook established an office in the Middle East for the first time on Wednesday, in Dubai's Internet City.
- US Treasury bond yields hit record low as eurozone worries mountA decline in global stock prices Wednesday shows that many investors are taking sanctuary in US Treasury bonds, anticipating major convulsions in the eurozone – and perhaps its breakup. Â
- Huge mortgage debts keep the housing market tumblingExperts have been calling for the bottom of the housing market each year since the crash, and prices continue to tumble. Why? In an overwhelming number of cases, homeowners owe more on their mortgages than their houses are actually worth.
- Mortgage rates tumble to record lows. Again.The average rate for a 30-year fixed rate mortgage declined 2 basis points to 3.81 percent since last week, the lowest value on on record for this MBA series, while the purchase application volume declined 0.6 percent, and the refinance application declined 1.5 percent over the same period.
- How to avoid austerity but still fix the deficitAs Europe has shown us, austerity is bad for weak economies facing large budget deficits. But it can be avoided by getting growth and jobs back first, and only then tackling budget deficits.
- Financial aid on a debit card? Students hit with extra fees.Financial aid can be cheaper to administer when colleges hand it off to debit card companies. But a new study finds students are getting hit with hefty fees.
- Facebook stock drops below $29Facebook stock falls 9.6 percent to close at $28.84. In its first seven days of trading, Facebook stock has lost nearly a quarter of its value.
- BlackBerry-maker RIM warns of layoffs, operating lossRIM also hires advisers to look at strategies to reverse its downturn. RIM has seen its share of US smartphone market fall from 44 percent to 10 percent in two years.Â
- Following the value proposition to entrepreneurial successThe value proposition is the collection of things a new business offers to the target market to satisfy a specific need, attracting customers away from the other competitors. Entrepreneurs must find solutions for the problems and needs that follow disruptive industry trends.
- Despite oil prices, falling euro, Dow closes up slightlyOil prices fell, the euro sank to a 22-month low, and the yield on the U.S. government's 10-year Treasury note fell near a historic low. But the Dow Jones industrial average edged up 125 points to close at 12580 as investors continue to hope for a Chinese growth spurt.
- New online tool to help families maximize tax, transfer benefitsState taxes and transfers can be an important, albeit complicated form of assistance for low-income families. A new interactive calculator aims to help guide families through the process, including the options when family income increases.
- Home prices hit post-boom lows: What does that mean for housing market?Despite fresh optimism about the housing market, home prices in the Case-Shiller Index fell during the first quarter, suggesting that the market is still stabilizing.
- How to save on online datingMore and more couples are meeting online, but dating sites can be expensive. Here's how to get the most for your dating dollar from three of the most popular.
- Graduation gifts: Consider the investment routeGraduation gifts like savings bonds and mutual funds can be good alternatives to cash. Graduation gifts are question one in this week's mailbag.