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Archive for 'finance'

Cash for Clunkers: Real stimulus

August 9, 2009

or tried to turn in — to get their Cash for Clunkers deal.
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Is stimulus helping you?

CNNMoney.com readers describe how President Obama’s $787 billion stimulus package has helped them — or hasn’t.
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DETROIT’S DOWNFALL

Cash for Clunkers: Real stimulus
Hunger hits Detroit’s middle class
Toyota struggles to get back on track
[…]

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How do you say ‘bubble’ in Mandarin?

August 3, 2009

Is the Chinese economy in the same state as the American economy was in the summer of 2007? In other words, all pumped up and ready to pop?
If so, it might be time to learn how to say bubble in Mandarin. And that could be bad news for those hoping for a sustainable […]

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June home sales rise, but prices plummet

July 27, 2009

Sales of existing homes disappointed again in June, coming in at a seasonally adjusted annualized rate of 4.89 million, up just 3.6% compared with May, according to a monthly report from the National Association of Realtors.
Home sales peaked in August 2005 at an annualized rate of more than 7.2 million, but sales have not […]

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Translating credit card statements

June 23, 2009

NEW YORK — They say one thing, but often mean another. It’s one reason credit card statements can slowly ensnare people into bigger debt loads. The mysterious stew of fine print on the back of bills doesn’t help clarify matters.
A law passed last month will bring some relief. Starting next year, credit card […]

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Bankruptcy judge OKs Chrysler dealer cuts

June 11, 2009

A federal bankruptcy judge Tuesday approved automaker Chrysler LLC’s plan to terminate 789 dealer franchises, calling it an "appropriate and necessary" step by the company.
Effective immediately, the dealers are no longer authorized Chrysler, Dodge and Jeep dealers, Judge Arthur Gonzalez said in his order issued Tuesday afternoon. The decision to cut the dealerships "constitutes […]

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Crude prices surge despite oversupply

March 28, 2009

NEW YORK – Oil prices rose above $53 a barrel today and gas prices jumped above $2 a gallon in the United States for the first this year as investors wagered that there would be a new run on crude stocks.
Canadian gas prices also edged higher today, to an average of just under […]

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Love in the time of recession

February 16, 2009

Last week, a bride-to-be visited online wedding hub TheKnot.com (KNOT) and posted a wistful set of questions to her virtual sisters. "Fianc

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Wall Street starts new year with a bang

January 5, 2009

Stocks rallied Friday, with investors starting off a new year on the right foot, after an abysmal 2008, and the Dow closing above 9,000 for the first time since November.
The Dow Jones industrial average (INDU) rose 258 points, or 2.9%. It was the second-best start of the year on a point basis, according to […]

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Culver Way cohousing still seeking breakthrough

December 8, 2008

For a decade, Tom and Carol Braford have been inching toward success with their what’s-old-is-new-again housing project in the Central West End.
They’ve poured $700,000 into bringing "co

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Wall Street crash endangers 175,000 jobs in New York City

November 26, 2008

ALBANY, N.Y. – New York Comptroller Thomas DiNapoli said today the financial crisis gripping Wall Street and the world economy could cost the state and New York City 225,000 private sector jobs over the next two years.
DiNapoli said instability in the financial sector could also cost the state and city $6.5 billion in […]

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