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.
President Obama announced on Friday awards of $2.3 billion in Recovery Act funds to go towards new clean energy manufacturing across the U.S. “Building a robust clean energy sector is how we will create the…
Consumer delinquencies in nearly all loan categories declined in the third quarter of 2009, according to a report released today by the American Bankers Association (ABA). This is the first time since 2007 that so…
Pending home sales fell sharply in November but remained “comfortably” above the level of activity from a year ago, the National Association of Realtors reported today. The index used to measure contracts signed in November…
The Federal Trade Commission (FTC) announced today that they are suing the world’s leading computer chip maker Intel Corporation, saying that the company “has illegally used its dominant market position for a decade to stifle…
The Federal Trade Commission has issued a warning to consumers to be skeptical of anyone trying to sell test kits, inspections, or quick fixes for problems caused by imported drywall that has turned out to…
New claims for jobless benefits rose by 17,000 to a seasonally-adjusted 474,000 for the week ending December 5, the Department of Labor reported today. The unexpected rise in initial jobless claims comes after five straight…
Bank of America announced last week that it would repay the entire $45 billion received from the Troubled Asset Relief Program (TARP). Paying back the funds would allow the North Carolina-based bank to break free…
I received an automated call a couple of months ago. After listening to the message from the other end, I thought it sounded strangely like my credit card company was calling me to give me…
Existing home sales in October surged 10.1% as the first-time home buyer credit continues to drive sales, the National Association of Realtors (NAR) reported today. Existing homes sales last month were at a seasonally-adjusted annual…
Consumers have until December 7, 2009 to make a comment on the recently issued proposal to amend the “Free Credit Report Rule” (formally the Free Annual File Disclosures Rule), the The Federal Trade Commission (FTC)…
