In the wake of the financial crisis, Congress passed the Credit Card Accountability Responsibility and Disclosure Act of 2009 to keep credit card issuers from doing things like jacking up customers’ rates with no warning and …
Here Comes China's Apple Killer
Why Xiaomi should worry Apple, Samsung and others
National Epidemic of Horrible People Pretending to Be Disabled
This trend probably won’t do much for your faith in humanity: Around the country, an increasing number of ethically challenged human beings are faking disabilities in order to snag good parking spots, cut lines at theme parks, or just bring their dogs into restaurants.
States: No Thanks, We’ll Keep National Parks Closed
On Thursday, President Obama announced that even as the federal shutdown continued, states could open national parks within their borders, with one caveat: States must use their own money to cover expenses. Several states reacted …
Curious CapitalistGovernment
Money Talking: Crisis Could Weaken the Almighty Dollar
The U.S. dollar is the world’s reserve currency of choice. It’s the currency that most of the planet’s business is conducted in, and it’s what most nations hold in their central banks, in addition to national currencies, …
Why the FBI Can’t Get Its Hands on Silk Road Kingpin’s $80 Million Hoard
The FBI made headlines last week when it announced that it had shut down the illegal online drug bazaar Silk Road and arrested its alleged operator Ross Ulbricht. According to the FBI’s complaint, the arrest led to the seizure of …
Disruptive TV Startup Aereo Is Winning in Court
The major broadcasters, including ABC, CBS, NBC and Fox, have asked the U.S. Supreme Court to shut down video startup Aereo
Fisker May Find a Second Life in Sale
It’s been a rough few years for Fisker Automotive, the defunct maker of tony electric cars. The U.S. government froze a $528 million loan back in 2011 amid delays in production, having dispensed only $192 million of it. Then, …
Jeff Bezos’ Biological Father Didn’t Know His Son Was a Billionaire
The 69-year-old man had no idea who his son was when the Amazon CEO’s biographer found him at an Arizona bike shop
JPMorgan Blames Third Quarter Loss On Legal Costs
The bank reported a Q3 net loss of $380 million.
The Key to Fixing America’s Savings Crisis
Savings plans at companies with fewer than 500 employees lag larger plans in almost every way.
Asian Markets Perk Up as U.S. Nears Possible Debt Deal
Bourses across the continent were encouraged as Washington appeared poised to avert a debt crisis