All Economy
Housing permits on the riseSingle family housing permits, increased a notable 1.9 percent from March to 475,000 single family units, and increased 18.5 percent above the level seen in April 2011, but still remained 聽an astonishing 73.58 percent below the peak in September 2005.
Diamond sells for $9.7 million at Swiss auctionDiamond sells for $9.7 million in an auction in Geneva. Marie de Medici wore the 34.98 carat Beau Sancy diamond at her coronation as Queen Consort of Henry IV in France in 1610.
Want the newest iPhone? Wait six months.Newly released products are exciting, but having the patience to wait for a markdown will pay off big in the long run.
Creating jobs while reducing the deficit: hard but possibleJust because deficit spending in general can be helpful in a recession and recovery and harmful in general in a recovered economy, doesn鈥檛 mean all deficit spending is equally good in a recession and recovery, or all deficit spending is equally bad in a full-employment economy.聽 There are benefits and costs in either situation.- All-you-can-eat fish? Not for this customer.All-you-can-eat fish deal attracts one customer who eats 12. Waitress refuses to serve him more. He pickets Wisconsin restaurant's all-you-can-eat fish fry.
Facebook stock: 6 intriguing investors Facebook stock will make many people suddenly wealthy when it begins trading this Friday. The company is expected to be valued somewhere around $100 billion, with stock expected to sell anywhere between $34 and $38 per share. Here are six of the more unexpected people set to make a killing with initial public offering of Facebook stock, including a rock star, a graffiti artist, and pair of Mark Zuckerberg鈥檚 enemies.
Stocks fall; Dow continues two-week slideThe Dow lost 63 points to close at 12632 Tuesday as Europe's latest political impasse cast a gloom over financial markets.
Facebook IPO: five things to know before buying the stock About 1 out of every 8 people on the planet have a Facebook account. Now, with the arrival of a public stock offering, all those people have a chance to be part owners of this social hub. Should you buy? Here are five things to consider.
JPMorgan and the London Whale: Should we tax securities investments?Ever since the U.S. financial crash of 2008 and the beginnings of the pending Euro-zone financial collapse, governments have been debating whether securities聽transactions should be subject to a new tax. Such a levy would discourage bad behavior in the financial markets, but it could have dire unintended consequences.
LightSquared, bankrupt, still aims to launch wireless networkLightSquared has filed for bankruptcy protection, saying that will give it more time to win regulatory approval. Regulators have blocked LightSquared's plans, saying they could interfere with GPS signals. 聽
Facebook IPO: Investors enamored. Users? Not so much.Facebook IPO may be sending investors into orbit, but most users distrust Facebook and don't click on its ads, according to a AP/CNBC poll. Half of those surveyed say Facebook IPO is overvalued.
How to find a small business-friendly bankUsing FDIC data, one online tool grades banks on their commitments to small business lending.
Groupon stock jumps as earnings beat expectationsGroupon stock soared after first quarter earnings were better than analysts predicted. Groupon stock shot up nearly 18 percent in after hours trading.
JP Morgan loss: Did US regulators know what CEO Jamie Dimon apparently didn't?Federal regulators embedded at JP Morgan are supposed to get the reports that CEO Jamie Dimon gets. But in the case of JP Morgan's $2 billion loss, that might not have been much help.
The financial industry's growth is stunting everything elseThe financial industry was 2.5 percent of the economy when World War II ended. Now, it is 8.5 percent.聽 How did it get so big, and what are the costs?
JPMorgan Chase shareholders to confront CEO DimonThe nation's largest bank holds its annual meeting Tuesday in Tampa, Florida, where it's expected that some shareholders will ask Jamie Dimon to divest himself of one of his twin roles.
How to make the Bush tax cuts workThe expiring Bush tax cuts would be worth more than $2.8 trillion over 10 years Instead of complaining about the size of the cuts and not doing anything constructive about it, policymakers ought to commit to using that size in a positive way.
Facebook IPO: Half of Americans say Facebook is a fadFacebook IPO or not, a new poll shows skepticism. Could 900 million users worldwide be wrong? Half of those polled say the Facebook IPO price is too high.
What is arbitration? You sign away rights. Is that OK?Cellphone and credit card applications typically contain an arbitration clause that keeps you from suing the phone carrier or bank if a dispute arises. Often, the bank gets to pick the arbitrator. The federal government is looking to see if arbitration clauses give companies too much power.
Philippines feels the economic cost of standing up to ChinaThe South China Sea dispute between China and the Philippines is beginning to take its toll on the Philippine economy, which is heavily dependent on Chinese demand for its exports.