The U.S. Labor Department said Friday that the unemployment rate hit XX in February—but does that rate tell the real story?» Read More
GM says it's on track to break even in Europe by 2015, but it will have lost a lot of money on the way there.
The company posted another quarter of European losses on Thursday and faced tough questions about whether it could turn that business around. Executives say yes, while acknowledging the road there has been difficult.
It's getting cheaper and cheaper to buy a big house.
The latest weekly applications data from the Mortgage Bankers Association shows a widening gap between the rate on so-called conforming mortgages ($417,000 or less) and jumbo mortgages (those above $417,000).
If your boss is getting on your case for missing deadlines at work, tell her your track record isn't nearly as bad as federal financial regulators.
More than three years ago, Congress passed the sweeping, 850-page Dodd-Frank overhaul of the rule book that bankers, brokers and the rest of the financial services industry is supposed to play by. But to date, only about half of those new rules have been completed by the dozen or so agencies in charge of writing and enforcing them. About a quarter of the rules haven't even been proposed.
As the country's biggest sporting event draws near, experts are already forecasting one winner in the Super Bowl: the snacking industry.
This year, 181 million Americans are expected to watch the Big Game, according to a recent national Retail Federation survey, and more than three quarters plan to buy food and drinks for the occasion.
Game day provides a demand windfall for many segments.
Multiple "too big to fail" banks—those that are so large that failure would be disastrous for their country's economy—still exist, according to U.K. bank RBS.
Analysts at RBS compared the size of individual European and U.S. banks' assets to the economic size of their home country.
Never have so many Americans paid so much attention to the Turkish lira and what it means for their own economic well-being.
Markets have been on a roller coaster ride over the last 24 hours, as a massive interest rate hike from the Turkish central bank only temporarily reassured investors.
American homeowners realize that moving up does not mean moving out.
Driven by rising home prices and the need to rebuild equity lost in the housing crash, home improvement activity is booming.
"On January 24th, Apple Computer will introduce Macintosh. And you'll see why 1984 won't be like '1984.' "
With those words, Apple unveiled the Mac—a groundbreaking product for both Americans and the tech company—which went on sale 30 years ago today.
This innovation didn't come cheap. Although the Mac was aimed at the mass market, at $2,495, it was still a luxury product, given that the median household income was $22,415, according to Census data.
The high price coupled with Apple's low share price at the time made us wonder: What if instead of grabbing the company's latest, greatest inventions when they debuted, you had bought Apple shares and reinvested subsequent dividends?
The numbers are striking.