Despite ultra-low mortgage and savings interest rates, the average credit card rate is still high, and has barely budged over the past year. That's not so lucky for you as a spender -- but it could guide you to a windfall as an investor.
Americans bought more homes in July than in June, the latest evidence that the housing market is slowly, but steadily, improving. Sales of previously occupied homes rose 2.3 percent in July.
AIG is on its way to eclipsing Bank of America as the turnaround story of 2012 as it prepares to report earnings after Thursday's close. Analyst bullishness and a New York Fed asset sale have shareholders pumped.
It's hard to imagine two companies more different than Apple and BlackBerry maker Research In Motion: Apple's on top of the world, and RIM has fallen off a cliff. But the RIM of today bears a striking resemblance to the Apple of 1997.
The nation's biggest bailed-out banks have unintentionally entered a new line of work: slumlording. In some cases, major banks have created whole neighborhoods of abandoned and deteriorating foreclosure properties -- and a blight on local municipalities.
The bank now says positive trends in consumer spending, employment and the stock market will likely boost U.S. economic growth higher than the 3% most analysts had previously predicted. Deutsche's chief equity strategist is predicting a 23% rise in the stock market for 2011.
Deutsche Bank's insightful technology analyst Jonathan Goldberg says Android has already pulled away from the pack in China. And not just in smartphones and tablets: Android is finding its way into all sorts of platforms, from laptops to set-top boxes to ATMs.
Many Wall Street pundits are surprisingly bullish about the U.S. economy for 2011, but high unemployment continues to ravage Main Street. Still, with corporate profits booming and the stock market rallying, some indicators say jobs may finally be poised for a comeback, too.
Everybody's favorite firm to hate -- Goldman Sachs -- really is the smartest money on Wall Street, at least according to Bloomberg Markets' top 10 ranking of the "World's Best Financial Stock Pickers."
The mortgage-backed securities meltdown whose effects still haunt our economy sprang from a simple cause: The rules of the game gave big incentives to every player involved to ignore the problems and keep collecting their fees. And despite financial reform, those rules haven't changed much.
Goldman Sachs shares are up nearly 2% in premarket trading Tuesday morning after analysts at JPMorgan Chase upgraded the giant investment house to overweight from neutral, saying the firm won't need to raise any additional money to satisfy new capital rules.
Though the recently passed Arizona law empowering police to detain suspected illegal immigrants has gotten more attention, on Monday the U.S. Supreme Court agreed to rule on a different, but extremely important Arizona immigration law, one that punishes employers for hiring illegal immigrants.
Behind the reports of turmoil surrounding Europe's Greek debt crisis, investors may find an unlikely source of relief. Many big private banks are playing a more supportive and decisive role, which could be a big help given the eurozone's political gridlock.
The next two years will be rough in the thin-film solar industry, as economic conditions cull the cash-strapped herd of startups, a Photon Consulting analyst predicts. But companies with healthy balance sheets -- and luck -- could follow in successful First Solar's footsteps.