Stocks are about 3.5% cheaper than they were a week ago, and for value-hungry investors, that number could go even lower this week once reality sets in.
Global Manufacturing Slump: Doom for the Economy?
Markets cheered the last-minute arrival of a debt deal in Washington. But beneath those relieving headlines was some much grimmer news: manufacturing around the world, the lifeblood of the global economy, is in the dumps.
In July, factories in Asia and Europe grew at the weakest rate since mid-2009, according to business surveys of …
Debt Deal Winners and Losers on Wall Street
In a stagnant economy, there are no winners on Wall Street – only survivors. That goes double for Wall Street’s winners (and losers) coming out of the 11th-hour debt deal between Republicans and Democrats in Washington. While …
The Economy’s Being Blamed for the Decline of Pet Burials
A pet burial, complete with a casket, ceremony, and cemetery plot, runs around $800. Cremating a pet, on the other hand, costs about $80. Guess which option is increasingly being chosen by pet owners?
It’s a Deal: Spend $20 at Old Navy, Get $10 to Spend Later
Now through August 18 at Old Navy, you’ll get $10 in Super C-A-S-H for every $20 spent in the store (not valid for online purchases). C-A-S-H certificates can be used for purchases from August 25 to 29.
Fewer People Are Going to the Movies: Why the Movie Studios and Theaters Don’t Care
The people in the business of profiting from movies don’t seem particularly troubled that theater attendance has dipped by 10% since 1999. And why aren’t they worried? Because during this same time period, ticket prices have …
How to Make $1 Million (or More) Per Year Playing the State Lottery
Is there a way to game the lottery? Without ever winning a jackpot, a small group of bettors have managed to milk a game called Cash WinFall for millions. The key part of the strategy, which resulted recently in just three …
Do You Bank Online? You Probably Pay More for the Convenience Than You Think
Online banking has moved from the early-adopter fringe into the mainstream, and analysts say this trend is on track to continue. According to Fiserv, a financial services technology company, 80 percent of all U.S. households with …
What the U.S. debt deal means for the global economy
When U.S. President Barack Obama announced Sunday night that he and Congressional leaders had finally reached an agreement to raise the government debt ceiling, the world breathed a collective sigh of relief. Stock markets in Asia jumped on the news. Yes, the pact still has to pass through the Senate and unruly House of Representatives …
Family Finance Lessons From the Budget Battle in Washington
The two sides are locked in a seemingly endless tug-of-war over budget issues. Again and again they say they’ll work together for the greater good. But when it comes down to making actual decisions about money, it’s a …
Things Are Bad Unless You’re Amazon, Starbucks or Expedia
The markets have been sinking steadily, fed on a diet of weak economic data — GDP growth in the second quarter came in at an anemic 1.3% — and debt ceiling deadlock (which, finally, appears to have been broken). Yet, in the …
Bulldoze: The New Way to Foreclose
UPDATED (5:29 PM)
Banks have a new remedy for America’s ailing housing market: bulldozers.
There are nearly 1.7 million homes in the U.S. in some state of foreclosure. Banks already own some of these homes and will soon repossess many more. Many housing economists worry that a near constant stream of home sales by banks could keep …