[View RSS]

Business :: Finance

Barack Obama

Report Projects Health Care Costs to Dip Slightly

FINANCE | By Andrew Taylor | Wednesday Apr 16, 2014
The Congressional Budget Office predicts that health insurance subsidies under the so-called "Obamacare" plan will total a little more than $1 trillion over the next 10 years, instead of almost $1.2 trillion initially estimated.

Average US 30-Year Mortgage Rate Down to 4.34 Pct.

FINANCE | Apr 11
Average U.S. rates on fixed mortgages declined this week, edging closer to historically low levels as the spring home-buying season begins.

Dr. Salomon Melgen, posing for a photo at the book signing of "Growing American Roots", a book by Sen. Robert Menendez, D-N.J., at the college in Miami.

Top-Paid Medicare Doctors Say They Have Reasons

FINANCE | By Richardo Alonso-Zaldivar, Serdar Tumgoren | Apr 10
Explanations for eye-popping numbers from Medicare’s massive claims database ranged from straightforward to what the government considers suspicious, as the medical world confronted a new era of scrutiny.

US Consumer Borrowing Up $16.5 Billion in February

FINANCE | By Martin Crutsinger | Apr 9
Consumers increased their borrowing in February on autos and student loans by the largest amount in a year. But for a second straight month, they cut back on their credit card use.

US Stocks Rise for the First Time in 4 Days

FINANCE | By Steve Rothwell | Apr 8
Stocks mostly rose Tuesday as investors picked up stocks that had been beaten down recently, including big technology names like Facebook and Google. The market was stabilizing after a three-day slump.

Get Rich Quick Scheme Backfires: Malawi Man Loses Penis to Hyena

FINANCE | By EDGE | Apr 6
A get rich quick scheme backfired when a Malawi man following the instructions of a witch doctor who promised him wealth lost three toes and his penis to a hungry hyena.

Gold Extends Slump as Stock Market Climbs

FINANCE | Apr 2
The price of gold slid for the fifth day in a row Tuesday as an improving economy and a stronger stock market weakens the metal’s appeal.

Ryan Unveils House GOP Budget Claiming Balance

FINANCE | By Andrew Taylor | Apr 2
Paul Ryan unveiled an updated Republican budget plan that would slash $5.1 trillion in federal spending over coming decade and promises to balance the government’s books with wide-ranging cuts in programs for the poor and working class.

’60 Minutes’ Investigates High-Frequency Trading

FINANCE | Apr 1
"60 Minutes" correspondent Steve Kroft revealed Sunday night how a few stock market insiders are making billions in high-frequency trading. Kroft spoke with author of "Flash Boys," about how insiders are raising the costs of stocks for ordinary investors.

A home for sale in Shaker Heights, Ohio.

US Home Prices Dip in Jan. for 3rd Straight Month

FINANCE | By Christopher S. Rugaber | Mar 28
U.S. home prices dipped in January for a third straight month, likely because of slower sales in recent months caused by cold weather, a limited supply of homes and higher mortgage rates.

Stocks Give Up an Early Gain and Turn Lower

FINANCE | By Steve Rothwell | Mar 27
Stocks gave up an early gain and turned lower in early afternoon trading. Facebook slumped, leading technology stocks lower after announcing its acquisition of virtual reality company Oculus.