August 14, 2012 After months of sitting on their wallets, Americans went shopping in July. The uptick is boosting economists' hopes for a reasonably strong back-to-school season, but shoppers seem to be spending carefully. Retailers are looking for clues about how the holiday shopping season will turn out later in the year.
July 27, 2012 The Commerce Department's latest report confirms that economic growth was as lousy this spring as you suspected it was. Now the question is: Can anyone do anything to make it better in the year's second half? Next week, the Federal Reserve's policymakers may take another stab at it.
July 25, 2012 The government forecasts food prices will go up as much as 3.5 percent this year; meat prices will rise as much as 4.5 percent. If the drought continues, prices may go up even more. "Until we get that first heavy rain, we're not going to know for sure" just where prices will end up, a USDA economist says.
July 20, 2012 The debate over Mitt Romney's tax returns is the latest example of America's mixed feelings about wealthy presidential candidates, including John F. Kennedy, Ross Perot and John Kerry. Some of the lingo related to all this can be baffling. So just what are blind trusts, tax shelters and offshore accounts?
July 18, 2012 It's been reported that the CEO and his management team stand to make millions if they stall the merger long enough.
July 17, 2012 The federal debt is at record levels and growing. States are "grappling with unprecedented fiscal crises," a new report says. And Europe's debt mess threatens the world economy. Some scholars think, like Plato, that democracy is the problem.
July 11, 2012 The downturn and sluggish recovery of recent years had been compared to the nation's worst economic period. Now that much more data is available to measure it, how did the Great Recession stack up against the Great Depression?
June 22, 2012 For consumers and business owners, a week of weaving around potential calamities was not exactly a confidence builder. "There's an overall sense of frustration," says Paul Root, a kennel owner in California.
June 20, 2012 The Federal Reserve ends its two-day meeting Wednesday by offering its assessment of the economy and then declaring its latest plan for making things better. Will the Fed's monetary policy formula offer another dash of Operation Twist or a dose of QE3? Read more about these key phrases and what they mean.
June 15, 2012 When economists talk about their fears, they constantly use three phrases: "fiscal cliff," "muddle through" and "hard landing." Each is related to a different problem in a different region of the world: the U.S., Europe and China. And there are worries that all of these crises will explode soon.
June 12, 2012 A new study showing that Americans lost nearly 40 percent of their wealth in the Great Recession turned up another notable result: Credit card debt also fell sharply; the median family's balance tumbled 16 percent. But it's not just because people rushed to pay off their plastic.
June 12, 2012 Wharton's Peter Cappelli says too many businesses are searching for the "perfect" candidate rather than investing in people and teaching them the skills to do their jobs.
June 12, 2012 With signs that the economy is slowing, the Federal Reserve may take steps to help boost growth. But with the election season gearing up, the Fed's ability to act boldly may be restrained. That's because the monetary policymakers want to preserve the Fed's credibility as a nonpartisan entity.
June 5, 2012 As this immense generation keeps aging, most will end up with dementia or other disabilities that require costly care. For individuals, families and taxpayers, this demographic shift will drain dollars and attention, and force extremely difficult decisions about living arrangements, as well as end-of-life care.
June 1, 2012 May's higher unemployment rate and meager job creation couldn't have come at a worse time for the long-term unemployed. The unwelcome news arrives just as federal support for unemployment benefits is starting to fade.