The Federal Reserve has decided to hold interest rates at a record low and pledged to keep them there for an "extended period" to keep the recovery going and drive down double-digit unemployment. However, in a more upbeat assessment, the Fed says the economy has "continued to pick up" and that "deterioration in the labor market is abating."
Continue Reading | 5 Comments
The industry is poised for yet another revolution, triggered by ExxonMobil's $41 billion purchase of XTO. It's a clear sign that future growth in extractive energy will come from sources other than oil -- such as natural gas. Expect other oil majors to follow suit.
Blue Nile's stock hasn't gained as much ground as Amazon's stock in the last six months. And Blue Nile may have a much easier road ahead, making it a better way to play the scorching online sector than Amazon.
File under "missed opportunity": Wal-Mart is particularly notable now for so far missing out on this year's massive bull rally. But don't make the mistake of thinking that this heavyweight is a has-been.
Candido Gonzalez worked for the City of New York for almost 19 years before he was laid off in October 2007. Six months later, he lost his apartment, and now he lives and works in New York's Bowery Mission. Gonzalez is a 48-year-old divorced father of two children. Here's his story, the first in a series DailyFinance is doing to highlight the often unseen human toll of the biggest U.S. downturn in more than 50 years.
If the economic meltdown, the disappearance of disposable income and the return of frugality weren't hard enough on consumer electronics companies, it looks like the industry is facing a new problem: Using its products may lead to nearsightedness.
Ford Work Solutions is an in-dash computer that has mobile email, remote desktop connectivity and even RFID tool tracking -- all from the cockpit of an equipped Transit Connect van. Collectively, these features promise to be a boon to small-business productivity.
Google's Android is proving to be the first true competitor to Apple's iPhone in terms of bandwidth consumption and rich application use. If providers such as MetroPCS or Leap Wireless start offering Android-powered smartphones, it could be a big problem for some big players.
At the contentious Copenhagen summit, six developed nations pledge $3.5 billion to subsidize forest preservation. The U.S., Australia, Britain, France, Japan and Norway agree to fight deforestation, considered a major cause of global warming.
In this economy, plenty of people have lost it all and are starting over, even in some the wealthiest towns in the country. Meet a former publisher and investor who is looking for something new in tony Greenwich, Connecticut.
Housing starts rose 8.9 percent in November to a 574,000 seasonally adjusted annual pace, the U.S. Commerce Department announced. Economists surveyed by Bloomberg News had expected housing starts to total a slightly higher 575,000 annualized rate for the month.
Loading... Loading... Loading...| Symbol | Last | Change / % | Volume |
|---|
| 15.28 | +0.09 +0.59% | 166.37M | |
| 111.52 | +0.17 +0.15% | 155.36M | |
| 25.84 | +0.18 +0.70% | 87.44M | |
| 15.69 | -0.06 -0.38% | 72.54M |
| 12.25 | +2.47 +25.26% | 7,959.00 | |
| 2.59 | +0.51 +24.52% | 6.43M | |
| 12.50 | +2.27 +22.19% | 4,200.00 | |
| 24.85 | +3.82 +18.16% | 2.19M |
| Type | Current | APR |
|---|---|---|
| 30 yr fixed mtg | 5.08% | 5.22% |
| 5/1 ARM | 4.34% | 3.82% |
| $30K HELOC | 5.20% | 0.00% |
| 36 month new car loan | 6.70% | 0.00% |
| 1 yr CD | 1.44% | 1.45% |
