Wealth & Strategy

The Labor Department reported on Thursday that jobless claims for the week ending April 18 rose to 640,000, up by 27,000 from the previous week’s revised figure of 613,000. The four-week moving average – which… Jobless Claims Up, Home Sales Down

President Obama on Thursday met with executives of credit card divisions for major banks to discuss the impact of the economic crisis on consumers. Afterward, Obama said that he had a “constructive meeting” with the… Obama Addresses Consumer Concerns with Credit Card Issuers

Bank of America, which has received $45 billion of the Treasury’s $700 billion financial rescue package, surprised investors today by announcing first-quarter 2009 net income of $4.2 billion. Investors may have been surprised, but they… Bank of America Profits Nicely First Quarter – Shares Slide

Citigroup surprised Wall Street on Friday by ending their five-quarter losing streak and reporting a better-than-expected loss per share. The New York-based bank posted a net income of $1.6 billion for the first quarter of… Citigroup Reports Better Than Expected First Quarter

In an effort to demonstrate President Obama’s commitment to openness and transparency, the tax returns of the President and Vice President were released to the public on April 15. The President and First Lady filed… White House Releases Tax Returns of President and Vice President

The Federal Trade Commission announced on Tuesday a multi-agency effort to crack down on foreclosure rescue fraud and loan modification scams. The economic crisis has forced many struggling homeowners to look for a way to… Multi-Agency Crackdown on Foreclosure Rescue Fraud and Loan Modification Scams

The Federal Trade Commission reported on Wednesday that it has charged seven related companies with violating federal law by falsely promising to remove negative marks on consumer’s credit reports. The complaint was filed in the… Credit Repair Agencies Charged with Deceiving Consumers

Vice-President Joe Biden’s office announced today the release of nearly $100 million made available by the American Recovery and Reinvestment Act 2009 to support senior nutrition programs. The funding will be released to the Department… Nearly $100 Million from ARRA Released for Senior Nutrition

American International Group, bailed out four times with up to $170 billion and now almost 80% government-owned, is under fire for paying executive bonuses last week to the very division responsible for the credit default… AIG Bonuses – Another Outrage