Pat yourselves on the back, Knoxville: According to a new online survey, this Tennessee city cleans up — literally. An e-commerce store for household goods and cleaning supplies tallied up how much Americans all over the country spend on the powders, scrubs and sprays we use to keep our houses sparkling. Knoxville residents spend the …
In A Lehman Do-Over, Fake Bank Still Proves Too Big to Fail
We still don’t know what to do for sure with the Too Big to Fail.
That was the conclusion of a star-studded (well in wonky financial circles anyway) mock, bank-resolution panel in which Larry Summers – a former U.S. Treasury Secretary – played a future Treasury Secretary having to deal with a Lehman Brothers-like collapse. The idea of …
Black Friday Deals That Start 24 Days Before Black Friday
Talk about extending the holiday shopping season! Black Friday won’t take place for another three weeks—the day after Thanksgiving, specifically. Black Friday is also, quite obviously, a single day. These facts haven’t gotten …
Understanding MF Global: Why the Bank’s Failure Matters
There doesn’t have to be a full-blown financial crisis for there to be dead bodies, so to speak, on Wall Street.
There’s been increasing speculation over the past few weeks about whether the European debt problems would cause financial problems for a U.S. bank. Most of the concerns focused not on the debt of the Europe nations …
Bank of America Not Charging a Debit Fee After All
After a month-long firestorm in reaction to its plans to charge most customers $5 a month to use their debit cards for purchases beginning next year, Bank of America just announced that it’s abandoning plans for the fee.
5 Ways to Recognize a Financial Scam
With a tough economy making timely retirement less likely for many folks, retirement-related financial scams may be on the upswing. Here are five ways to know if you are being played.
Gotta Have Cable: Has the Cord-Cutting Trend Slowed Down?
Month after month, hundreds of thousands of cable TV subscribers keep closing their accounts. Roughly a half-million subscriptions were canceled in the second quarter of 2011 alone. Even so, there’s an argument that 2011 isn’t …
Your Credit History Is More Revealing Than You Think
The information in your credit report has long been used to predict how likely you are to pay credit card bills on time or remain current on your mortgage. But now credit information companies say they can figure out everything …
The Best Place in the World to Work
No, seriously, the entire world. The Great Place to Work Institute (we didn’t know it existed either) just ranked the best multinational company workplaces around the globe. And the winner is …
A ‘Triple Dip’ for Home Prices? Yes, but Not in the Hamptons
Anyone looking for evidence that there are two Americas should check out the latest round of real estate statistics.
On the one hand, the financial-analytics company FiServ warns that home prices are expected to fall 3.6% by …
Why We Can’t Buy Happiness — But Try to Anyway
In 1972, the percentage of Americans who said they were “pretty happy” was about 50%. In the years since, the U.S.’s standard of living has risen dramatically, and our gross domestic product per capita has increased by 96%. That …
Cheapskate Tip: How to Keep Getting $1 DVD Rentals at Redbox
Starting on Monday, October 31, Redbox is raising its DVD rental prices from $1 to $1.20 per day. While a 20% increase is significant, we’re only talking about a price hike of a mere two dimes daily. Still, wouldn’t you rather …