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USA Economy |
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Economic news - CNNMoney.com
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From CNN and Money magazine, CNNMoney.com combines business news and in-depth market analysis with practical advice and answers to personal finance questions.
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What's so scary about Elizabeth Warren?
Elizabeth Warren doesn't look or sound scary. She's a 61-year-old Harvard Law School professor from Oklahoma who has written personal finance books, some with her daughter.
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Jobless claims slide in latest week
The number of Americans filing for initial unemployment insurance fell last week, the government said Thursday.
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New Wall Street rules pit SEC vs. the media
One of Wall Street reform's littlest known provisions is getting big attention for giving a government agency a possible loophole for avoiding journalists' requests for information.
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Obama vs. Big Business
Corporate chiefs may seem hardboiled, but they can be sensitive, too. Take the ruckus they've been raising over what they perceive to be rough treatment from the Obama White House.
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California workers stiffed again
California's 200,000 state workers just can't catch a break.
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Foreclosures climb in 75% of metro areas
Foreclosure filings climbed in 75% of the nation's metro areas during the first half of 2010, according to a report issued Thursday.
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Cities threaten to cut 500,000 jobs
Cash-strapped cities and counties have been cutting jobs to cope with massive budget shortfalls -- and that tally could edge up to nearly 500,000 if Congress doesn't step up to help.
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Pain, but no gain: local governments face budget doom
State and local governments are facing a vicious cycle thanks to our financial crisis. Since home prices haven't really recovered, tax revenues are down. Since tax revenues are down, governments are cutting jobs, which means cutting services to homeowners. That means governments are spending less money in their communities, and employing less people, perpetuating the decline in property values that caused tax revenues to decrease in the first place.
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Fed report: Recovery steady, but modest
The economy showed continued signs of modest improvement in recent months, the Federal Reserve said Wednesday in its latest snapshot of regional economic conditions.
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Investing in the world's best balance sheets
At the G20 summit in Toronto last month, the leaders of world's largest economies embraced a brave new theme: Halting the alarming, potentially ruinous growth in already mountainous sovereign debt.
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