Category: Economy

Stocks: Job market to steal the show

Stocks: Job market to steal the show

  Click the chart for more stock market data NEW YORK (CNNMoney) — The fourth quarter kicks off with a series of important reports on the U.S. economy. While data from across the economic...

Student loan default rates jump

Student loan default rates jump

Student loan default rates jump The Department of Education said 218 schools had three-year default rates of 30% or more, putting the schools at risk of losing their federal student aid. NEW YORK (CNNMoney)...

How Bad Is America’s Pension Funding Problem?

How Bad Is America’s Pension Funding Problem?

Unfunded liabilities in pension funds are just as onerous as other kinds of debt. Such liabilities now total more than $2.5 trillion and are growing at a rapid pace. No sooner had the Chicago...

Can Robots Bring Manufacturing Jobs Back to the U.S.?

Can Robots Bring Manufacturing Jobs Back to the U.S.?

Heading into the 20th century, America was a predominantly rural country. Roughly 40% of the nation’s labor force toiled on farms alongside 22 million work animals. One hundred years later, fewer than 2% of...

Baltimore: The city that sues the banks

Baltimore: The city that sues the banks

The Libor scandal plays out in an unlikely place – the streets of Charm City. FORTUNE — It has been a year since Baltimore sued the big banks — Bank of America (BAC), Barclays...

Wall Street ends flat despite Spain hope, S&P off for week

Wall Street ends flat despite Spain hope, S&P off for week

Symbol Price Change VVUS 21.00 -2.72   DRI 57.21 2.49   ^DJI 13,579.47 -17.46   ^HGX 167.04 2.86   ^INX 312.19 0.00     Related Content View PhotoTraders work on the floor of the...

Where America’s Richest Man Is Investing His Money

Where America’s Richest Man Is Investing His Money

Bill Gates is best known for hisMicrosoft billions and the great philanthropic works that have followed. But something interesting has happened recently, and perhaps notably with this year’s Forbes 400 number-crunching, which puts him on our list up...

Mutual Fund Pioneer Jack Bogle: How to Fix Wall Street

Mutual Fund Pioneer Jack Bogle: How to Fix Wall Street

Jack Bogle, the founder of mutual fund giant Vanguard, and the man who popularized index funds, is part of an older generation of financiers, including people like Warren Buffett, who believe in long-term, low-cost...

More Mortgage Trouble: Banks Face Another $3.4 Billion In Repurchase Claims

More Mortgage Trouble: Banks Face Another $3.4 Billion In Repurchase Claims

Freddie Mac is looking to collect another $3.4 billion from banks it says sold it shoddy mortgages. The methodology used to settle previous repurchase claims was flawed, and that thousands of loans soured were...

Ben Bernanke’s Heavy Artillery: Will Open-Ended Bond Buying Drive Down Unemployment?

Ben Bernanke’s Heavy Artillery: Will Open-Ended Bond Buying Drive Down Unemployment?

Ben Bernanke and made an open-ended commitment yesterday to purchase mortgage-backed securities at a rate of $40 billion per month, aiming to inflate asset prices and pump fresh credit into the economy. The move...