| Oct 18, 2013
There's a phrase that has haunted America for decades, one fraught with failure: "Breaking the cycle of poverty." Despite the ongoing efforts of government and a host of private foundations, income inequality continues to grow and the poor are ever more...
| Oct 16, 2013
| 5:59 PM
Add another potential casualty of Washington's gridlock: the holiday shopping season.
The congressional stalemate that brought about a partial government shutdown has rattled Americans already spooked by years of economic weakness. And the uncertainty...
| Oct 17, 2013
| 5:51 PM
WASHINGTON — In the grand scheme of the $16-trillion U.S. economy, the nearly three-week government shutdown and standoff over the debt ceiling may not look like much. Analysts estimate the loss at tens of billions of dollars, and reckon that much...
| Sep 30, 2013
| 1:06 PM
WASHINGTON -- Standard & Poor's said Monday that the current impasse over funding the federal government and raising the debt limit probably would not lead to another downgrade of the U.S. credit rating -- as long as the stalemate didn't last long....
| Oct 24, 2013
| 6:24 PM
Jamie Dimon, arguably the nation's most powerful banker, has navigated intense scrutiny from Congress, the White House and regulators around the globe.
But it's a federal prosecutor in Sacramento, far from the world's financial and political capitals,...
| Jul 11, 2013
| 1:27 PM
The stock market is back at new highs thanks to comforting words from Federal Reserve chief Ben S. Bernanke.
The Dow Jones industrial average and the Standard & Poor’s 500 index both surged into new high ground Thursday as investors celebrated the...
| Jul 11, 2013
| 7:12 PM
The stock market streaked to new highs Thursday as investors remained hopeful that the Federal Reserve's easy money policies will continue to drive the U.S. economy.
The Dow Jones industrial average and the Standard & Poor's 500 index, the two most...
| Jul 16, 2013
| 8:22 AM
If you were hoping to ask Santa for an iWatch this Christmas, you might have to revise your wish list: The rumored Apple device might be more than a year away.
The Financial Times is reporting that Apple is beginning to aggressively hire more...
| Jul 17, 2013
| 6:56 AM
WASHINGTON -- Federal Reserve Chairman Ben S. Bernanke said Wednesday that he expected the central bank to start tapering its bond-buying stimulus program this year, but that there was not a "preset course" to doing so.
The Fed's plan to begin...
| Jul 19, 2013
| 8:04 PM
Dear Liz: My partner passed away a little more than a year ago. I inherited his 401(k) and life insurance. I opened an IRA in which to place the amount of the 401(k), but the company told me that after a year (which is now), I have to withdraw the money...
| Jul 19, 2013
| 6:54 AM
WASHINGTON -- The shrinking budget deficit and improving economy has led Moody's Investor Services to affirm the nation's AAA credit rating and upgrade the outlook for government debt to stable from a negative watch that could have led to a downgrade....