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.
In these difficult times, fraudsters are working under the guise of the federal government to trick struggling homeowners. President Obama announced the Making Home Affordable program earlier this year as part of the effort to… Internet Scam Targets Troubled Homeowners
President Obama held a town meeting on Thursday in Rio Rancho, New Mexico to discuss his plans for immediate reform of the credit card industry. “It’s time for strong and reliable protections for our consumers.… Obama: Credit Card Bill of Rights by Memorial Day
Home sales in the first quarter of 2009 reflect that home buyers have been bargain hunting, according to a report released on Tuesday by the National Association of Realtors (NAR). First-time home buyers accounted for… Distress Sales Skewing Median Existing-Home Sales Price
The Federal Trade Commission reported on Monday that it is investigating a California-based mortgage lender for violating the Equal Credit Opportunity Act (ECOA) by pricing loans according to the applicant’s race or nationality. According to… Mortgage Lender Being Investigated for Charging Hispanics More for Loans
American families continue to deal with the stress and pressures of job loss – and a total of 13.7 million unemployed workers. The Department of Labor report today that non-farm payroll employment continued to decline… April Job Losses Lower Than Expected
Federal Reserve Chairman Ben Bernanke said Tuesday in prepared testimony that the economy is showing some signs of stabilizing and is likely to rebound later this year, and that the rate of inflation should stay… Bernanke: Recovery Later This Year
President Obama outlined his $3.6 trillion budget for 2010 today and addressed that his administration has found 121 programs that can be reduced or eliminated to save American taxpayers nearly $17 billion next year alone.… Obama Announces $17 Billion in Budget Cuts
Today President Obama and Treasury Secretary Timothy Geithner unveiled a plan to curb tax havens, and replace the tax advantages that encourage businesses to shift jobs overseas with incentives for creating those jobs here at… Tax Havens Targeted by Obama
The number of people who filed for unemployment insurance benefits for the first time dropped for the week ending April 25, according to a report released by the Labor Department on Thursday. Last week in… Initial Jobless Claims Decrease for Last Week
Despite concerns over the swine-flu outbreak, the markets reacted positively to a report that signals the public’s pessimism about the economy may be easing. Consumer confidence had its biggest one-month jump in four years, from… Consumer Confidence Rises Dramatically