Stay updated on financial news, market trends, and economic changes that affect your money. From interest rate hikes to government policy shifts, we break down what’s happening now—and what it means for your finances.
The median household income fell in 2010, resulting in an increase in the percentage of people living in poverty for the third year in a row, the government reported on Tuesday. The U.S. Census Bureau… U.S. Poverty at 18-Year High
A solar panel manufacturing plant that received a $535 million loan backed by the Department of Energy announced on Wednesday that they were filing bankruptcy and cutting 1,100 jobs. Solyndra, LLC based in Fremont, CA… Half Billion Dollars in Taxpayer Money Ends in Bankruptcy for Solar Panel Manufacturer
The U.S. has been hit hard by natural disasters this year. The Groundhog Day blizzard in the Northeast, tornadoes across several regions, drought and wildfires in the Southern Plains and Southwest, and flooding along the… September is National Preparedness Month
As Hurricane Irene slams into the East Coast and leaves damage and destruction in its wake, the government warns consumers to be alert for potential scams. Crooks often take advantage of natural disasters to prey… FTC: Avoid Home Repair Rip-Offs
Some small business owners in the second quarter of 2011 are feeling better about the economy and expect a gradual but continued improvement, according to a survey released by Capital One Bank on Thursday. “Our… Capital One: Small Business Gain Modest Confidence
The housing market is showing no signs of improvement as high unemployment and tough lending standards prevent many from buying a home. Mortgage applications fell 2.4% last week, according to a report released by the… Home Prices Fall in Over Half of States for 2nd Quarter
Though getting a summer job has been a student tradition for generations, the tough jobs market has particularly affected young people looking for employment. Youth job participation in July – normally the peak employment month… BLS: Summer Jobs for Students
An operation that allegedly claimed it could help struggling borrowers eliminate debt and clean up their credit histories has been halted by the Federal Trade Commission, the agency reported on Tuesday. The FTC has been… FTC: "Debt Relief" Agency Halted, Files Bankruptcy
Before swiping their card at any credit or debit card terminal, such as an ATM, DVD rental kiosk, or gas station, consumers should take a moment to inspect the machine to check if it’s been… BBB: Skimming is on the Rise
New home permits and starts dipped slightly in July after showing some signs of strength the month before, according to a government report released on Tuesday. Permits for new homes – an indicator for future… Housing Starts and Building Permits Dip in July