November 29, 2012 The "prediction market" site Intrade's decision to close in the U.S. highlights how the company exists in a regulatory gray area, somewhere between trading and betting. Intrade says it hopes to operate legally in the U.S. eventually. In the meantime, American users must close their accounts by year's end.
November 29, 2012 The tax code has long favored investment income over the money you get in your paycheck. But today's rates on dividends and capital gains are especially low, dating to tax cuts installed under President George W. Bush. And they're one target in the talks to avert a so-called fiscal cliff.
November 26, 2012 Thanksgiving weekend spending shot up nearly 13 percent from last year, and there's more time between Thanksgiving and Christmas this year for people to shop. And if a deal to avoid the fiscal cliff comes just before Christmas, as some expect, it could brighten the economic mood of last-minute shoppers.
November 24, 2012 The idea behind Small Business Saturday is to direct consumers to mom-and-pop stores that probably didn't get swamped by the Black Friday bonanza. These small businesses might not have the best deal on a TV, but experts say they are an important factor in overall economic recovery.
November 21, 2012 Like many other brick-and-mortar retailers, Wal-Mart is trying new strategies to serve customers whenever they want to buy. In one new experiment in four select markets, the retail giant is promising to deliver eligible items ordered online in just a few hours.
November 19, 2012 The White House and Congress continue to work on a deal that avoids the fiscal cliff and cuts deficits in the long run. President Obama wants to raise tax rates for the wealthy. Republicans want to raise revenue by closing loopholes and limiting deductions for high-income people. But could that raise enough money?
November 14, 2012 Most lenders require borrowers to wait seven years before securing a new mortgage after losing a home to foreclosure. But in the wake of the housing crisis, millions of families have a recent foreclosure on their record — and some are finding ways to buy a new home in as few as three years.
November 13, 2012 The alternative minimum tax is looming over about 27 million more taxpayers this year. It's just one part of the so-called fiscal cliff — a big cluster of automatic spending cuts and tax hikes that will occur if Congress does not act. Those taxpayers could end up paying an average of $3,700 more without a fix.