Gas, Food, Lodging
It's gas food and lodging keeping people up at night. At a recent New Hampshire fair with an diverse economic cross-section of people, I noticed a fe...
Weak Economy
The Fannie Effect: Financials Feeling The Hurt
DealBook | Posted 07.19.2008 | Business
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Jitters about the solvency of Fannie Mae and Freddie Mac, two government-sponsored mortgage financing companies, took a big toll on financial-industry...
Ken Heebner, America's Hottest Investor
Fortune.com | Jon Birger | Posted 07.19.2008 | Business
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(Fortune Magazine) -- The best mutual fund manager around - a.k.a. Ken Heebner of Capital Growth Management - looks restless. He is sitting in a confe...
Mortgage Lending Implode-O-Meter Explodes In Popularity
New York Times | Louise Story | Posted 07.16.2008 | Business
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The misery in the housing market is registering on the Implode-O-Meter. As millions of homeowners fall behind on their mortgages, a fledging Web site...
Siemens Cutting 16,750 Jobs Worldwide
AP | GEORGE FREY | Posted 07.16.2008 | Business
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FRANKFURT, Germany — Industrial conglomerate Siemens AG said Tuesday it will cut 16,750 jobs, or 4.2 percent of its global work force, to stream...
GM Job Cuts Likely Coming Soon
Reuters | Posted 07.15.2008 | Business
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(Reuters) - No. 1 U.S. automaker General Motors is planning to cut thousands of white-collar jobs and is considering whether it should sell or stop pr...
Lax Real Estate Decisions Hurt Starbucks
New York Times | Brad Stone | Posted 07.12.2008 | Business
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Starbucks wants to get back to its roots to help turn around its ailing fortunes. It brought back the pioneering chief executive Howard Schultz to run...
The Hidden Costs Of Layoffs
BNET | Carlos Bergfeld | Posted 07.11.2008 | Business
While layoffs may seem like a good way to cut costs in the short-term, the direct and indirect costs of downsizing can paralyze your company's long-te...
Employers Cut Jobs For Sixth Straight Month
AP | JEANNINE AVERSA | Posted 07.11.2008 | Business
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WASHINGTON — The nation lost jobs for a sixth month in a row in June, a storm of pink slips drenching this year's July Fourth holiday for more t...
Dow Enters Bear Market, Oil Hits New Record
AP | TIM PARADIS | Posted 07.10.2008 | Business
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NEW YORK — Wall Street resumed its sell-off Wednesday after oil hit a new record and a bearish analyst report renewed concerns that General Moto...
Warren Buffett's Berkshire Hathaway Has Weakest Half Since 1990
Bloomberg.com | Josh P. Hamilton | Posted 07.10.2008 | Business
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July 2 (Bloomberg) -- It must be a bear market because even billionaire Warren Buffett's Berkshire Hathaway Inc. has slumped almost 20 percent since ...
Nation Buys Porn With Stimulus Package
Huffington Post | Posted 07.10.2008 | Business
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President Bush's economic stimulus package, which appears so far to have been ineffective in stroking the economy to life, is giving an unexpected rai...
The Vanishing Middle Class
Robyn Blumner | Posted 07.09.2008 | Politics
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We now live in a country where there is no financial margin for most families to fall back on in case someone gets sick or a job is lost: life is far riskier than during the 1970s' economic crisis.
Starbucks To Close 600 U.S. Stores
AP | Posted 07.09.2008 | Business
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SEATTLE — Starbucks Corp. has announced it's closing 600 underperforming stores in the United States. The Seattle-based premium coffee company ...
The Time For Fed Action Is Now
Vince Farrell | Posted 07.05.2008 | Business
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Inflation is the cruelest form of taxation. It eats away at buying power and once uncorked, it's very hard to contain.
Dow Negative During This Milennium
Crossing Wall Street | Eddy Elfenbein | Posted 07.04.2008 | Business
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The Dow closed at 11,453.42 which means the index is now in the red for the millennium. The Dow closed December 31, 1999 at 11,497.12. Of course, tha...
Home Prices Dropped At Record Rate In April
AP | J.W. ELPHINSTONE | Posted 07.02.2008 | Business
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NEW YORK — No matter who's measuring, the results are the same: Housing prices are tumbling at the sharpest rates ever with a bottom still at le...
Ford cuts sales view, delays new pickup 2 months
AP | TOM KRISHER | Posted 06.28.2008 | Business
DETROIT — Faced with a continuing plunge in pickup truck and sport utility vehicle sales, Ford Motor Co. on Friday tried to deal with the mess b...
Hey, At Least The Superyacht Market Is Strong
Wall Street Journal | Posted 06.28.2008 | Business
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A new Superyachting Index shows that the top end of the yachting market is still holding firm - at least for now. The index, which is compiled by The...
Mysterious Duo Hands Out Cash At Gas Pump
Hartford Courant | Andrew Porter | Posted 06.27.2008 | Business
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PLAINVILLE -- Gayle Kilburn thought it would be just another expensive stop at the pump when she filled up her Chevrolet Impala Thursday morning. But...
Tables Turn, China Tells U.S. How To Run Its Economy
New York Times | Edward Wong | Posted 06.25.2008 | Business
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BEIJING -- Not long ago, Chinese officials sat across conference tables from American officials and got an earful. The Americans scolded the Chinese ...
Fire, Weak Dollar Fuel Record Oil Prices
AP | JOHN WILEN | Posted 06.24.2008 | Business
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NEW YORK — Crude oil futures swung wildly on Monday, rising to a record and then tumbling as investors wrestled with whether they should put sto...
Starbucks To Open 150 More European Locations
Reuters | Posted 06.20.2008 | Business
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NEW YORK (Reuters) - Starbucks Corp (SBUX.O: Quote, Profile, Research) is boosting its European presence with plans to license 150 new locations in Br...
MAP: Where Americans Spend Highest Percentage Of Income On Gas
New York Times | Posted 06.17.2008 | Green
Gas prices are high throughout the country, but how hard they hit individual families depends on income levels, which vary widely....
Consumers In Gloomiest Mood Since 1992
Reuters | Pedro Nicolaci da Costa | Posted 06.04.2008 | Business
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Consumer confidence plunged unexpectedly to its lowest in 16 years in May as rising gasoline costs and falling home prices made Americans nervous abou...
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Jennifer Donahue | Posted 07.21.2008 | Home