Economy

Would a smartphone 'killswitch' deter thieves?

Law enforcers are publicly calling on manufacturers to install "killswitch" technology that would render a stolen device useless. More

Jobless claims fall again

Claims for unemployment benefits fell more than expected last week, pointing to further modest improvement in the job market. More

Obamacare: Is a $2,000 deductible 'affordable?'

Those enrolling in Obamacare's health insurance exchanges in California will pay $2,000 deductibles and $45 office visits if they buy a silver plan. Is that affordable? More

Cost of economic sanctions against Iran

Although there is massive potential for Iran to have a high-powered economy, the public has suffered substantially due to economic sanctions. Play

Wave of federal retirees to hit government

Some 30% of federal workers are eligible to retire in the next 3 years, a time when the government is already facing staffing shortages because of hiring freezes and the sequester. More

Greece shuts state broadcaster in austerity push

Greece's state broadcaster ERT was taken off the air overnight Wednesday in a highly visible reminder of the country's continuing economic crisis. More

Truckers face big labor shortage

Trucking companies already have a shortage of about 30,000 workers, and new federal rules that reduce driving hours could create a need for an additional 100,000 drivers. More

Women: Beware the Wyoming wage gap

Women in Wyoming earn only 67 cents for every $1 men earn. It's the state with the biggest income gap. More

Don't double my student loan rate

Student with a subsidized Stafford loan talks about the debt he faces and why Congress should extend the current interest rates of 3.4%. More

BMW hit with discrimination lawsuit from EEOC

The U.S. Equal Employment Opportunity Commission claims a BMW plant in South Carolina instituted a new criminal background check policy that disproportionately screened out African-Americans. More

Global CO₂ emissions at record high in 2012

The world must get back on track to limit rising temperatures, according to International Energy Agency. The agency says four steps must be taken by 2020 to meet climate goals. More

Cash-only doctors abandon the insurance system

Fed up with red-tape and high overhead, a growing number of doctors are switching to a direct fee-for-care approach. More

America's surprising manufacturing powerhouse

Manufacturing is Oregon's top industry, and the driver of its rapid economic growth. More

Uncle Sam's outsourcing tab: $517 billion

Federal government awarded at least a half-trillion dollars in outsourced contracts in the most recent fiscal year. More

Spending cuts likely to be deeper in 2014

It's hard to think of a scenario where federal spending doesn't go down further in many areas starting this fall. More

S&P says U.S. credit rating now 'stable'

Credit rating agency cites the Fed, an improved deficit outlook and U.S. economic outlook among its reasons for the improved outlook. More

Obama to tap new top economist

Jason Furman set to become fourth economist to head Obama's Council of Economic Advisers. More

May jobs report: Cautious hiring continues

Employers are hiring at a restrained pace as jitters about the economy linger. More

GE CEO: China will drive energy tech

At the Fortune Global Forum in Chengdu, China, GE CEO Jeffrey Immelt says that future energy development will be focused in China. Play

Meet the world's first Bitcoin baby

Fertility specialist Dr. C. Terence Lee is a pioneer in the world of retail bitcoin transactions. A couple used the virtual currency to pay him for a frozen embryo transfer. More

Japan's economy continues turnaround

The Japanese economy grew at a quicker pace than originally reported in the first quarter, according to revisions released by the Cabinet Office on Monday. More

What the NSA costs taxpayers

Much of the U.S. budget for intelligence efforts is classified. And not even everyone in Congress knows how much is spent. But some experts back out a rough estimate. More

El-Erian grades U.S. economy a 'B'

Pimco CEO Mohamed El-Erian says uncertainty is keeping the U.S. economy from growing faster, but we're still doing better than the rest of the world. Play

3 reasons the jobs numbers were bleh

The market might have loved the jobs report, but that doesn't mean we should. The recovery is still weak, unemployment rose and job growth may have already peaked. More

Why the unemployed are seeing smaller checks

Federal budget cuts reduce unemployment insurance for long-term jobless More

U.S. and China raise stakes over hacking

President Obama is likely to raise the issue of cyberattacks and intellectual property theft during a retreat with his Chinese counterpart President Xi Jinping. More

China and Europe risk trade war

While trade spats are nothing new, the sustained volley of threats in recent days between China and the EU is raising the specter of more retaliatory actions between the key trading partners. More

Taxpayers to make $1 billion from GM stock sale

Treasury and union trust fund announce they will time sale of GM stock to correspond with its entrance back into the S&P 500. More

North Dakota grows five times faster than nation

North Dakota's energy boom led the state to have the fastest growing economy in 2012 -- five times the national average. More

Americans' wealth tops pre-recession high ... sorta

Americans' net worth surpasses pre-recession high, but not if you account for inflation. More

Today's mechanics can make $100K

Jobs for automobile technicians are growing, and future mechanics are heading to vocational schools to train up. Play

French unemployment hits 15-year high

The unemployment rate in France continues to climb, hitting 10.4% in the first quarter of 2013. More

ECB trims 2013 forecast, keeps rates steady

The European Central Bank trimmed its forecast for the eurozone economy in 2013, but left interest rates unchanged as expected. Says it still believes a gradual recovery will begin in the second half. More

Employment is still near a 30-year low

About 58.6% of the adult civilian population had a job as of April, according to the Bureau of Labor Statistics. This rate -- officially called the "employment-population ratio" has barely budged in the last three years, and the last time it was that low was in 1983. More

Senate bills to help students with loans fail

Two Senate bills that aim to help students taking out subsidized student loans this fall fail to gain passage. More

Jobless claims: Less firing, but where's the hiring?

Fewer Americans filed first-time claims for unemployment benefits last week, pointing to more slow and choppy improvement in the job market. More

IMF bent rules on Greece to avoid worse situation

The IMF bent its own rules to bail out Greece back in 2010 and prevent much more serious damage to the eurozone and world economy. More

Federal Reserve: Recovery still 'modest' and 'moderate'

Modest, moderate and measured. Those are the words the Federal Reserve is still using to describe the U.S. recovery, four years after the recession officially ended. More

Trump may develop Old Post Office building

Under the pending agreement, the Trump Organization would receive a 60-year lease to redevelop Washington's historic Old Post Office building. More

China hits back at Europe with wine probe

China may crack down on $1 billion in wine imports from Europe, as a dispute over solar panels threatens to escalate into a wider trade war. More

Nation's drinking water system needs $384B upgrade

Regulators say that billions of dollars must to be spent by 2030 in order to fix the nation's deteriorating water systems. California, Texas and New York need the most money. More

Unemployed population is bigger than NYC & LA

About 12 million Americans still remain unemployed. Try wiping both New York City and Los Angeles off the map. That's how many people we're talking about. More

Treasury to sell some GM stock

Treasury and union trust fund announce they will time sale of GM stock to correspond with its entrance back into the S&P 500. More

Hiring at small businesses tapers off

Small businesses added 58,000 jobs in May, according to ADP. The pace is slow, and 2013 is turning out to be another sluggish year. More

U.K. prepares for U.S.-style shale gas boom

New estimates from U.K.-based energy firm IGas show there could be a massive amount of untapped energy reserves in the Northwest of England. More

ADP: Private sector job growth still weak

The monthly ADP jobs report shows private sector employers added 135,000 jobs in May, falling short of economists' expectations. More

Market swings call Abenomics into question

Dramatic moves in Japanese bond and equities markets in recent days have raised questions about the long-term viability of the country's ambitious economic recovery plan. More

EU slaps tariffs on Chinese solar panels

The European Commission says it will impose provisional tariffs on solar panels imported from China, accusing exporters of flooding the EU at prices way below production cost. More

Bill Gross: Hey Fed, your stimulus isn't working

Pimco's Bill Gross says that ultra low interest rate policies and ongoing bond buying programs around the world aren't working. More

End the Fed ... speeches

Fed chairman Ben Bernanke is a fan of transparency. But the market now has an unhealthy obsession with the central bank. More

4 years post-recession: Where are we now?

The statistics behind America's recovery from the Great Recession. More

Wal-Mart's low wages cost taxpayers

Many Wal-Mart workers have to rely on public assistance like food stamps and Medicaid because of the low wages they are paid. It's a cost that's borne by taxpayers. More

Will the housing rebound crush the job market?

Most people believe the reason high homeownership creates stubbornly high unemployment is because the out of work can't afford to sell their house. That's not the whole story. More

U.S. steps up natural gas exports

Manufacturers fear jobs losses, environmentalists more fracking as U.S. steps up natural gas exports. More

Corporate raider seeks to snap up $3 billion in Greek debt

Just 12 months ago, Greece was at risk of leaving the eurozone. This week, a U.S. corporate raider who made his name two decades ago, has offered to buy 10% of all Greek government debt issued last year. More

U.S. manufacturing contracts for 1st time in 6 months

U.S. manufacturing activity contracted for the first time since November, according to a report released Monday. More

Let China pump Iraq's oil

A big chunk of Iraq's oil is going to China. But if Chinese companies will accept low profits and help reduce prices, that's not bad. More

Signs of life appear in Europe's factories

Spain and the U.K. lifted Europe's economic gloom a touch Monday with the strongest readings of manufacturing activity in many months. More

Bidding begins for lunch with Buffett

Auction starts for chance for eight to have lunch with Buffett. Last year's lunch raised $3.5 million for charity. More

Wine windfall for the French state

The French government raked in nearly 720,000 euros by selling off some of its finest wines at an auction last week. More

Bernanke's 10 hilarious tips for Princeton grads

Federal Reserve Chairman Ben Bernanke delivered a fun commencement speech to Princeton undergrads Sunday, in which he laid out 10 life suggestions, complete with a Forrest Gump quotes, a baseball reference and even relationship advice. More

Indicators present muddled picture of China's factories

Economic reports seeking to gauge activity in China's factories during the month of May have presented investors with a muddled picture, with official indicators from the state outpacing those of private forecasters. More

Student loan mess: What's at stake?

Obama hit the White House stage on Friday to talk about student loan interest rates, which are scheduled to double July 1 for undergraduates students taking out subsidized loans. More

Slower health spending helps buy Medicare 2 more years

Latest annual report from trustees of Medicare and Social Security gauges long-term financial health of America's major entitlement programs. More

Consumers pull back on spending

Spending by consumers falls in April as individuals deal with weak income. More

Eurozone unemployment hits record 12.2%

Unemployment in the troubled region keeps climbing, with Spain and Greece feeling the most acute pain. More

New portrait of China's 185 million seniors

Large numbers of elderly Chinese are living below the poverty line and suffering from physical problems or depression, according to a study published Friday by western and Chinese academics. More

Federal disability trust fund on the brink

Nearly 11 million people receive federal disability payments. But the program's trust fund is expected to run out of funds by 2016, years before Medicare and Social Security. More

Mortgage rates are highest in a year

Mortgage interest rates have risen half of a percentage point from record lows. More

Britain's hunger problem grows

The U.K. economy may be crawling back to growth, but the number of people relying on food handouts is soaring due to welfare cuts and unemployment. More

U.S. economy continues sluggish recovery

The U.S. economy grew at 2.4% in the first quarter, a slightly slower pace than originally reported according to revisions released by the Commerce Department Thursday. More

The next $1 billion startup

Internet Week festival manager Caroline Waxler says several New York based startups could be the next billion dollar acquisition target. Play

First-time unemployment claims rise

First-time claims for unemployment benefits rose last week, signaling the job market may be softer than hoped ahead of next week's jobs report. More

Pittsburgh becomes expat hot spot

The Steel City is now a city to watch thanks to the U.S. energy boom and shifting global economy. But London retains most popular for expats, according to a new report. More

Foreclosure sales fall to lowest level since 2008

Foreclosures and short sales are both well off peak levels, helping the housing market recover. More

Volcker: Fed will 'fall short'

The former head of the Federal Reserve warned that the Fed is now being asked to "do too much" to help prop up the U.S. economy More

Are we at risk of another banking crisis?

The big question: Are we at risk of another banking crisis? More

Waste Management vs. unions

CEO David Steiner talks about why union membership has dropped 10 percent inside his company. Play

Top 1% get big bang from tax breaks

The benefits of the 10 biggest tax breaks are enjoyed disproportionately by high-income households. The Congressional Budget Office lays out the latest numbers. More

NJ prisoners received more than $23 million in benefits

More than 20,000 N.J. prisoners incorrectly received more than $23 million in unemployment benefits, Medicaid and other assistance. More

Starbucks baristas fight for their tips

Who should get the tips you leave in that plexiglass box at Starbucks is the question at the center of a dispute in the New York Court of Appeals. More

Moms are breadwinners in 40% of households

Moms are the sole or primary breadwinner in four out of 10 households with children. But 51% of Americans believe children are better off when a mom stays home with the kids and doesn't hold a job, according a Pew Research Center study. More

Women tackle rig work (and bias) in oil industry

Many women are finding work in the oil industry ... including more dangerous jobs in the field. One engineer discusses the good and bad about being a woman on a rig. More

EU eases up on austerity, urges reform

Austerity has been put on the backburner in Europe. Now officials are emphasizing economic reform and growth. More

IMF cuts China growth forecast

The IMF lowered its growth forecast for China Wednesday, saying the world's second largest economy must bring a rapid expansion in credit under control and combat rising income inequality. More

Furloughed federal workers can collect unemployment

By grouping furlough days into a one-week block, federal employees should be able to qualify for unemployment benefits for the time they won't be working this summer. More

China's expensive love affair with pork

The multi-billion dollar acquisition of Smithfield Foods by Shuanghui International makes sense given China's rising pork consumption and growing market, analysts say. More

Swiss government peels back bank secrecy rules

Government announces new rule that could give U.S. authorities new details on Americans with Swiss bank accounts. More

ECB must do more to boost growth: OECD

The European Central Bank should follow its recent interest rate cut with more radical action to tackle recession and record unemployment, the OECD said Wednesday as it slashed its forecast for the eurozone economy. More

Senior citizens struggle with mounting debt

The average debt level for those over the age of 65 soared by 83% between 2001 and 2010, fueled by mortgages and credit cards. More

Consumer confidence at 5-year high

Consumer confidence surged to a five-year high in May, fueled by increased optimism about an improving job market. More

Home prices post strongest gains in 7 years

Index of home prices is up 10.2 % over past 12 months. That's the highest year-over-year growth since the bubble burst. More

China warns Europe of trade reprisals

China urges Europe to show restraint in disputes over imports of solar panels and telecom equipment and warns it will protect its interests if they escalate. More

7 million students brace for surge in loan rates

It's looking increasingly likely some 7 million students taking out subsidized loans for the next school year will have to dig deeper in their pockets to pay them off. More

My protest paid off: Workers speak out

Fast food and retail store workers have joined in a wave of protests nationwide since November, asking for higher wages and more hours. How did it affect them? These four workers share their stories. More

Tornado loss estimate: $2 billion to $5 billion

The 79 tornadoes that hit over three days in 10 states caused billions in losses, with most of damage concentrated in Moore, Oklahoma. More

IRS role in Obamacare

In the wake of the scandal over Tea Party targeting, Republicans say the IRS should hit the brakes on implementing Obamacare provisions. But the IRS has a central role in making sure it works. More

Women snag big chunk of new oil jobs

Women took nearly half of new oil industry jobs in the first quarter, mostly in highly skilled areas like engineering or geology. More

The 'chicken poop' credit and other bad tax breaks

There are plenty of loopholes in the corporate tax code that savvy companies can take advantage of to lower their tax bills. CNNMoney asked four tax experts for their top picks of the worst ones. More

Immigrant unemployment rate same as U.S.-born

The unemployment rate for immigrants may match that for native-born workers. But immigrants tend to make much less. More

Poor hit hardest by Washington budget cuts

As the sequester continues, the poor seem to have taken a deeper hit from the budget cuts. But programs that benefit private industries have so far won reprieves. More

Obamacare premiums in California lower than predicted

Premiums to be charged in the Obamacare insurance exchanges in California in 2014 are lower than expected. More

New home sales rise

New home sales up 2% in April, as the housing recovery continues to give a lift to the overall economy. More

Why nuclear is still a booming business

URS CEO Martin Koffel tells Fortune how his business still profits from nuclear power plants despite very few new plants being built. Play

Japan stocks plunge 7%

A 7-month rally came to an abrupt halt as Fed comments, weak China data rattled investors. More

Jobless claims fall, pointing to better May

First-time claims for unemployment benefits fell last week, signaling the job market may have improved in May. More

Eurozone business still going backwards

Business activity in the eurozone declined at a slower pace in May but surveys published Thursday suggest the region's longest recession will extend into another quarter. More

China factory activity contracts in May

Fears of a slowdown in global growth were reinforced Thursday as a preliminary report on China's manufacturing in May showed activity contracted for the first time in seven months. More

Why Texas is creating jobs

Banking analyst Meredith Whitney says that conservative-leaning 'fly-over' states are attracting more jobs than tax-heavy states like California. Play

Bitcoin more powerful than fastest supercomputers

Bitcoin's network generates more power than the top 500 supercomputers and sucks down around $200,000 a day in electricity costs. More

6-step guide to dodging taxes just like Apple

Tax avoidance works beautifully -- and legally -- for Apple and other multinationals. Why not make it work for you? More

Budget cuts to close 3 federal agencies on Friday

Some 114,000 federal employees are getting four days off, including one unpaid furlough day. Friday is the first of several agency wide furlough days. Some 114,000 federal employees will be at home Friday without pay. More

Home sales continue to climb

Home sales and home prices continue to show strength of housing recovery in latest reading. More

Bernanke warns against hitting the brakes too soon

Federal Reserve Chairman Ben Bernanke warns of risks of raising interest rates too soon, reiterates that Congress needs to do more to help economy. More

Europe steps up fight against tax cheats

European leaders took the fight to tax cheats Wednesday with a pledge to share bank account data across the EU and accelerate initiatives to tackle abuse by companies. More

Say what!? The economy should be "playing baseball"

When Bernanke talks before Congress, the metaphors get colorful -- and mangled. More

Memorial Day travel to dip this year

Memorial Day travel forecast to decline by about 1%. More

U.K. can do more to boost economy: IMF

The International Monetary Fund tells U.K. to increase spending on infrastructure and cut some corporate taxes to shore up its fragile economic recovery. More

How Apple scores its lower tax bill

Apple pays a lot in taxes to the U.S. government. But many tax experts and lawmakers say Apple's tax bill would be bigger if the company didn't take advantage of so many loopholes in the tax code. More

Pet shelters & tractors: Companies kick in tornado relief

Businesses in Oklahoma City are offering heavy equipment, free lodging and other services to assist with the tornado relief efforts. More

Medicare: $15,000 for one hospital, $26,000 for another

Why Medicare payment rates vary wildly, even for the same procedure at hospitals in the same area. More

Army plans to launch a reality TV show

The Army is planning to launch a new reality TV program, "Starting Strong" on June 2, aimed at recruiting 18 to 24-year-olds to enlist in the military. More

Bank of Japan maintains policy, cheers Abenomics

Japan's central bank pledged Wednesday to maintain its ambitious quantitative easing program, saying that economic conditions in the country are improving. More

Apple grilled about tax havens

Senate hearing on Apple's overseas tax policies begins with harsh criticism. More

Sony shares boom on spin off speculation

Shares of Sony spiked to their highest level in two years Wednesday on reports that the company is considering a spin off of its movie and music division. More

Make $30 an hour, no bachelor's degree required

No college degree? No problem! The job of web developer is growing quickly and many in the field are self-trained. More

Fed's Dudley says new plan needed to end stimulus

New York Federal Reserve President William Dudley said the central bank's current plan for unwinding its stimulus program is "stale". More

African Americans more financially confident, but underserved

While the average African American feels more financially secure, many still feel neglected by the financial industry, new research shows. More

Europe's lost trillion in taxes

Europe misses out on one trillion euros in tax each year. Little wonder its leaders are stepping up their efforts to tackle fraud and aggressive tax avoidance. More

Americans spend more on Fido than beer

People shelled out an average of $502 annually on their pets in 2011, topping the $456 spent on booze. More

Suburban poverty soars

Poverty is growing faster in the suburbs than anywhere else in the United States, surging 64% over the past decade. More

Map of where suburban poverty is rising

China's red-hot property market shows no signs of slowing

Property prices continued to rise last month in China, defying policymakers who have sought to cool the housing market while preserving robust economic growth. More

The Winklevoss twins are Bitcoin bulls

Winklevoss Capital is dabbling in backing Bitcoin startups. More

Gas prices lower, but not leading to more spending

About 80% of people surveyed by Bankrate.com said they have not increased their discretionary spending in response to falling gas prices this year. More

Bernanke's advice for college grads

College graduates got some sage advice from Federal Reserve Chairman Ben Bernanke at their commencement ceremony Saturday. More

Oil-price manipulation: the next Libor?

A scandal is brewing in Europe that could rival the Libor controversy, as the European Commission says it's probing suspected attempts to manipulate global oil prices. More

Federal workers under fire

The Internal Revenue Service scandal couldn't have come at a worse time for the nation's 2 million federal workers, who are desperate to end furloughs and get their first raise in nearly three years. More

Millennials: Don't call me 'entitled'

These millennials take issue with the 'entitled' stigma - and no, they aren't just whining. More

Biggest Bitcoin exchange lands in feds' crosshairs

U.S. officials froze the financial accounts of Bitcoin's biggest exchange, accusing it of transmitting money without a license. More

Student loan delinquencies: Check your state

Borrowers in West Virginia appear to be having the toughest time paying back student loans while delinquencies are pretty low in South Dakota. Check where it is in your state. More

Glimmer of hope for EU car sales

The latest data shows European car sales grew in April for the first time since September 2011. More

Retiring at 55? You'll need $372,000 for health care

Costs add up fast for retirees who aren't yet eligible for Medicare. More

Debt ceiling: Treasury soon to start juggling act

The U.S. Treasury on Friday will employ the first of several "extraordinary measures" to keep the country's borrowing from breaching the debt ceiling. Treasury Secretary Jacob Lew may soon issue a letter formally notifying Congress. More

France wants eurozone government, soon

France wants to see the creation of a eurozone government within two years to help lift the region out of its economic slump. More

Overworked IRS unit was treated like a "step sister"

The Internal Revenue Service group under fire for giving extra scrutiny to conservative groups was overworked, understaffed and lacked a layer of experienced middle managers to sound alarms, say former colleagues. More

The U.S. looks like Japan: Investors rejoice

America is almost halfway into a post-recession Lost Decade, but investors couldn't be happier. More

Apartment construction slows sharply

Housing starts fall sharply in April as volatile apartment construction figure falls sharply, but single-family home building remains strong. More

Bring on the cupcake deflation!

Not only is the cupcake craze truly winding down, it's leading to some Twitter fun among econ nerds. More

How I make money mining bitcoins

With bitcoins still hovering over $100, one miner explains how he makes money running his computer 24/7, supporting the Bitcoin system. Play

You can spend bitcoins at your local mall

Virtual currency Bitcoin is gaining acceptance at a growing number of merchants -- but they admit that very few customers are actually using it. More

Falling gas prices lead inflation lower

The Consumer Price Index, a key measure of inflation, fell 0.4% in April. More

Bad news for job market? Initial claims jump

Initial jobless claims higher than expected last week. More

Japan GDP trumps expectations under Abenomics

Japan's economy kicked into high gear during the first quarter as policymakers worked to combat falling prices and implement the policy prescriptions of Prime Minister Shinzo Abe. More

White kids will be a minority by 2019

The tipping point when white, non-Hispanic people will account for less than 50% of America's youth is about five to six years away, according to Census Bureau projections. More

Getting into the military is getting tougher

Thanks to the weak job market, the military is hiring higher-skilled recruits these days. More

IRS to close for 5 days due to budget cuts

Forced budget cuts are taking another bite out of the tax collection agency's operations. In addition to longer waits on its helpline, the agency will be closed completely for 5 days between May and August. More

EU braces for China telecoms trade fight

Europe says it's ready for a trade dispute with China over telecoms exports but would prefer to negotiate a solution. More

Los Angeles is worst for mail carrier dog bites

Los Angeles letter carriers suffer greatest number of dog bites in annual ranking from Postal Service. More

Eurozone economy shrinks again

Germany narrowly avoids recession in the first quarter of 2013 but its return to growth isn't enough to prevent the eurozone economy contracting again. More

Payroll tax hike prompts spending cuts

Most Americans plan to cut spending to make up for income lost from the payroll tax hike. More

Too late to invest in the bull market?

As the Dow and S&P 500 both hit record highs, some investors are wary of the rally while others are finding value in stocks that are lagging behind. Play

Japan: Is Abenomics working?

The initial results of Japan's Abenomics experiment are encouraging, but it's too early to call the strategy a success. More

How Change.org profits from petitions

Change.org founder Ben Rattray talks to Fortune's Adam Lashinsky about how his petitions website is able to attract users and investors. Play

Tesla: The anti-Solyndra

Unlike well-publicized losses on Solyndra, federal government could win big on $465 million Energy Department loan to Tesla Motors. More

How I 'stole' $14 million from a bank

Hacking into a bank is surprisingly easy. This expert has the receipt to prove it. More

Who will pay more under Obamacare? Young men

Young men buying individual coverage will likely see their premiums soar next year. For others, costs will vary. More

Deficits falling faster than expected

The Congressional Budget Office projects this year's deficit will be $200 billion less than expected just a few months ago. But the downward trend won't continue since lawmakers haven't tamed long-term drivers of the country's debt. More

U.S. charges 89 with defrauding Medicare of $223 million

Officials announced Medicare fraud charges in eight cities covering a variety of false-billing schemes. More

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China's fastest-growing cities for millionaires
Chrysler relents, agrees to recall 2.7 million Jeeps
Meet the world's first Bitcoin baby
Google files First Amendment court case against NSA surveillance secrecy
Immigration bill could cut deficits by $175 billion - CBO

Latest Report	Next Update
Jobs	June 7
Inflation (CPI)	June 18
Consumer confidence	June 25
Home prices	June 25
GDP	June 26
Manufacturing (ISM)	July 1

Overnight Avg Rate	Latest	Last Week
30 yr fixed	4.01%	4.04%
15 yr fixed	3.11%	3.18%
5/1 ARM	2.82%	2.88%
30 yr refi	4.00%	4.03%
15 yr refi	3.11%	3.16%