Best Buy released its first-quarter 2012 earnings this week, and though the numbers beat Wall Street expectations, net income took a tumble — falling 25%, compared with last year. And more than just poor earnings have plagued …
With all the talk of Greece’s impending exit from the euro zone, debt is once again in the headlines. Greece’s massive public sector debt, coupled with its inability to devalue its currency, has put the country at risk of …
The JPMorgan $2 billion-trading-loss story is nearly a week old, and the news has predictably gone through the various spin cycles of the political right and left. Initially, progressives pounced on the loss as reason to …
A new analysis suggests that home prices will begin to rise later this year.
One of the great thorns in the side of the American public is that the too-big-to-fail banks that were the cause of the financial crisis are still around today. They are employing many of the same people and paying dividends to …
Americans love economic mobility. It’s kind of a founding myth for us: We see ourselves as having broken free from rigid, aristocratic Europe to form a meritocracy that guaranteed a chance to move up in the world. Though there …
Updated at 1:30 p.m.
There’s a sizable portion of the American public that’s against bailing out underwater American homeowners under any circumstances. That sentiment was most eloquently summed up by CNBC’s Rick …
Any way you cut it, the Labor Department’s announcement that the U.S. economy added just 115,000 jobs in April is a disappointment. Economists had been expecting 160,000 new jobs, and even that number is far below the kind of …
Chief Executive Magazine has released its annual list of best and worse states to do business, and Southern and Mountain-West states dominated the rankings — to the detriment of the two coasts. The top five states in the survey, …
Housing and jobs: these are the two keys to the economic recovery really taking off, and while we’ve gotten some positive news on the jobs front recently, real estate prices have more or less continued to decline steadily since …
The past decade has been a nearly unqualified success for gold investors. The metal went for roughly $250 an ounce in 2001 and trades at around $1,650 an ounce today. The rise of gold is a complicated and controversial topic, but …
If there’s one thing this cantankerous nation can seem to agree on these days, it’s our hatred of too-big-to-fail banks and their well-compensated, if less-than-fearless, leaders. Likewise, the American media is rarely …
