Category: Business News

U.S. Unemployment Benefit Applications Fall to 343K

U.S. Unemployment Benefit Applications Fall to 343K

The number of Americans applying for unemployment benefits fell 5,000 to a  seasonally adjusted 343,000 last week, a sign that employers are adding jobs at  modest pace. The less volatile four-week average dipped 750...

Supersizing Strikes Back: Homes and TVs Get Bigger, Sales of Yachts, RVs, Trucks Rise

Supersizing Strikes Back: Homes and TVs Get Bigger, Sales of Yachts, RVs, Trucks Rise

After years of downsizing and making do, American consumers are going big once again. A sizeable portion of the population seems to have regained a stomach for  spending in recent times. Not only has...

July 4 Fireworks Spending Explodes Thanks to Wetter Weather Around U.S.

July 4 Fireworks Spending Explodes Thanks to Wetter Weather Around U.S.

Want a sign the economy is heading in a better direction this summer? Americans says they’ll spend 60% more than last year on travel, BBQs and fireworks this July 4. According to Visa’s annual...

7 Ways Telemarketers Get Your Cell Phone Number

7 Ways Telemarketers Get Your Cell Phone Number

If you’re in the shrinking pool of people who still have a land line, you’re most likely inundated with calls from telemarketers. But your cell phone is different, right? You may have registered on...

The Golden Bloodbath of 2013: Will Everyone’s Favorite Metal Make a Comeback?

The Golden Bloodbath of 2013: Will Everyone’s Favorite Metal Make a Comeback?

There are few investments more divisive than gold. Unlike stocks or bonds, gold produces no dividends or interest payments; and unlike most other commodities, gold has few industrial uses. As a result, investing in...

SF Bay Area Braces for First Day of Transit Strike

SF Bay Area Braces for First Day of Transit Strike

Commuters braced for traffic snarls Monday morning as two of San Francisco Bay Area Rapid Transit’s largest unions went on strike, halting train service for the first time in 16 years. The walkout promised...

Why Short Rates Won’t Follow Bond Yields Higher

Why Short Rates Won’t Follow Bond Yields Higher

The recent surge in bond yields has done nothing to lift the payout on bank CDs and other short-term investments. Meanwhile, long-term bonds and dividend-paying stocks grow riskier by the day. So it’s not getting...

Atlantic City’s Next Big Bet: Legalized Online Gambling

Atlantic City’s Next Big Bet: Legalized Online Gambling

Business has been on the decline in Atlantic City casinos for six years and running. To stop the bleeding, casinos are betting big on online gaming—an option that, of course, gives gamblers an easy...

Bond Markets to the Fed: We Don’t Believe You!

Bond Markets to the Fed: We Don’t Believe You!

The stock market may steal the headlines, but in many ways its the bond market — be it mortgage-backed securities, government bonds, or corporate debt — that is the real star of the economic...

Wall Street Cop Goes After Corzine — and Derivatives Loopholes

Wall Street Cop Goes After Corzine — and Derivatives Loopholes

Gary Gensler, the chairman of the Commodity Futures Trading Commission, has been the toughest cop in D.C. since the financial crisis, and the only person really willing to take on Wall Street. Although his...