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 Federal Trade Commission issued a warning to consumers on Friday not to be duped by the latest scam – sweepstakes scammers posing as government officials. Here’s how the scam works: The crooks call the… Latest Scam: Cons Claiming to be from the Government
Ford Motor Company closed last week on its Department of Energy loan of $5.9 billion, according a statement released on Thursday by Department Secretary Steven Chu. The loan to Ford is the first to be… Ford Motors Receives $5.9 Billion Loan to Improve Factories
Builder confidence in the market for newly built, single-family homes edged higher for a third consecutive month in September, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released on… Builder Confidence Edges Up
The number of newly unemployed workers claiming jobless benefits fell last week, according to report released on Thursday by the Labor Department. For the week ending September 12, the advance figure for seasonally adjusted initial… New Jobless Claims Drop
International buyers are showing less interest in U.S. real estate due to the global recession and severe ongoing credit crunch, according to a statement released today by the National Association of Realtors (NAR). The 2009… International Buyers Showing Less Interest in U.S Real Estate
Retail sales rose 2.7% in August, according to a government report released on Tuesday. Analysts had expected an increase of 2%. But the increase is likely to be only temporary – the big boost in… August Retail Numbers Boosted by Auto Sales
Non-farm employment decreased by 216,000 and the unemployment rate shot up by 0.3% to 9.7% in August, the U.S. Bureau of Labor Statistics reported today. Economists had expected a jobless rate of 9.5% for August.… Unemployment Rate Hits 9.7% for August
The number of newly laid off workers filing for unemployment benefits for the first time has dropped slightly from the week before, the government reported Thursday. Initial claims for unemployment in the week ending August… Initial Jobless Claims Drop
Is there anything more irritating than to take the time to answer a call, only to have to listen to some prerecorded sales pitch? Well, our friendly Federal Trade Commission is looking out for us.… Prerecorded Telemarketing Calls Prohibited Starting September 1
President Obama, while vacationing on Martha’s Vineyard in Massachusetts, announced Tuesday morning that he nominated Ben Bernanke for a second four-year term as head of the Federal Reserve. Obama opened his announcement by saying that… Bernanke Nominated for Fed Chairman