Greece will have to cut another 5.5% in GDP of government spending or miss the budget targets it has set for a bailout. This is according to a European Commission report that reporters from Reuters read. In…
Unemployment is not a national problem. It is a local one. The national rate of joblessness would drop sharply if employment improved even modestly in California, North Carolina, Nevada and Rhode Island, where the…
A new study by Climate Central has a number of maps showing more than 2,000 coastal areas that could be regularly flooded by 2020. The estimates are so exact that the maps can be searched by…
The Bureau of Transportation Statistics reported that 631 million people boarded domestic flights last year. Jet fuel costs were relatively low in 2011. That is no longer true. Americans who cannot afford to travel…
The Nasdaq rose above 3,000 for the first time since December 2000. The extraordinary move was helped by Apple (NASDAQ: AAPL), which makes up a large portion of the index’s value. But shares of…
Most U.S. banks do well on Fed stress tests, but Citigroup (NYSE: C) does poorly. (Reuters) The prime minister of China says the government will speed up economic reforms to cushion the economy. (Reuters) The…
The tech patent suits keep piling up. The most recent is a set of Yahoo! (NASDAQ: YHOO) claims about 10 patents filed against Facebook. The mobile sector has the highest level of litigation, and…
Americans are more satisfied with their lives than they have been since last summer, a new Gallup poll shows. The news is not all good. Satisfaction rates are still low compared to historic numbers.…
The AAA Fuel Gauge shows that nationwide, based on the cost of a gallon of regular, gas rose once more very modestly yesterday to $3.811. That is up from $3.805 a day ago, and $3.511 a month ago. A…
Almost all of the stress tests for America’s 19 largest banks demonstrated the financial companies possess adequate capital to survive an economic event similar to the Great Recession. One exception was Citigroup (NYSE: C). Citi has had over two years to get…
The latest Reuters/Ipsos reports that over 60% of those asked favor the “Buffett” tax. This tax would make people who earn over $1 million a year to have a minimum tax rate of 30%. The polls does not break out the results of the…
The NASDAQ rose to just higher than 3,000 for the first time since December 2000. The improvement was aided by Apple (NASDAQ: AAPL) which makes up a substantial piece of the indexes’ value. But, shares the companies of most other sectors have…
American’s confidence in the economy matched a four year high last week, according to Gallup. The data affirms other recent data on consumer confidence. Retail activity has also been strong. Retail sales rose 1.1% in…
Updated throughout the day on The Wire Former News Corp executive Rebekah Brooks was arrested due to hacking and bribery charges (Reuters) Several large investors want to buy individual claims against MF Global (NYT) The…
Intel (NASDAQ: INTC) apparently wants to build a set-top box. The company has started conversations with TV networks and studios. Intel may be among the largest tech companies in the U.S. and have an…
The Wall Street Journal reports that the board of Sprint-Nextel (NYSE: S) oversees many of the moves of CEO Dan Hesse. Is it any wonder? Sprint has not had much financial success under Hesse. The…
Some media outlets have published gas prices in nations outside the U.S. to show the contrast to American prices, which are near record highs. A glance at these lists shows how much worse off…
Now that the Greek debt problem is temporarily solved, the European Union and International Monetary Fund deficit posse has moved on to Spain. Officials from the organizations and eurozone finance ministers want the country…
Some financial firms offer to buy claims of MF Global customers. (Reuters) Yahoo! (NASDAQ: YHOO) sues Facebook over 10 patents. (Reuters) The European Union says Apple (NASDAQ: AAPL) and Motorola (NYSE: MMI) held cross-licensing…
The European Union and International Monetary Fund polices of deficit ratios has moved to Spain. Executives from the organizations and eurozone finance ministers want Spain to revise its financial plans. Spain said it would take measures for its deficit to be…