December 29, 2012 The gong business is still a hit for Andrew Borakove, a comedy television writer turned gong salesmen. Despite the rocky economy, his doors have been open for eight years. "We've watched the world go up and down," he says, "but when you're selling gongs, there's no up or down, it's just round."
December 28, 2012 Mark Zandi of Moody's Analytics predicts a last-minute deal on the "fiscal cliff" might be an early drag on next year's economy, but by year's end, the economy will be gaining momentum. If there's no deal? "I don't even want to think about it," he says.
December 28, 2012 A federal mediator says the International Longshoremen's Association and port operators have agreed in principle on key issues and will extend their negotiations by 30 days.
December 27, 2012 If Congress and the president can't reach a deal, budget cuts will go into effect next week. But most agencies won't be hit right away. The biggest planning headaches seem to be for payroll companies and others who deal with taxes — as they wait to see if automatic increases happen Jan. 1.
December 27, 2012 Many Americans appear to be worried about what will happen to the economy if the federal government goes over the so-called fiscal cliff, the Conference Board reports. But there's also good news: The housing sector continues to recover.
December 27, 2012 There were 350,000 first-time claims for unemployment benefits last week. That's the lowest level since March 2008. But because of the Christmas holiday, some states had to do more estimating than usual.
December 26, 2012 The Federal Reserve continued to keep its foot on the accelerator in 2012, using unusual tactics to try to boost economic growth. But economists disagree about whether the Fed's policies were effective or whether the inflation risks outweighed the rewards.
December 26, 2012 Prices in 20 major cities were up 4.3 percent in October, vs. October 2011. Combined with other recent reports on construction and sales, that's another sign the housing sector is on the mend.