President Obama's snappy comeback about bayonets and horses put Mitt Romney on the defensive on defense spending ... but do his arguments hold water? Is Washington being a good steward of your tax dollars, as it spends them on aircraft carriers, nuclear subs, and other gear for our smaller, high-tech Navy?
News has begun to filter out about a doomsday plan among defense contractors. Unless Congress and the president pass a rational budget plan for 2013 soon, they're going to implement massive layoffs -- right before the election.
For the first time since 2009, Social Security recipients will get a COLA increase in their checks in 2012. But that 3.6% bump probably isn't going to cover the real rise in your expenses. So where should you invest to find that extra income?
Everybody knows how to make money in a bull market, and it isn't hard to see ways to profit from a bear market, but what do you do when the market isn't moving at all? Here are some strategies for making money in the doldrums.
With corporate earnings season in full swing -- watch for McDonalds, along with Catepillar, Amazon and other -- and with the Fed meeting on interest rates, the GDP estimate and housing numbers coming out -- the week ahead is expected to be quite busy.
The smartest money on Wall Street may be at the top hedge funds, whose investment managers are paid billions a year to beat the market. Those gurus only take big money clients, but you can follow their lead: DailyFinance has the 10 best stock picks of the 10 highest-paid hedge fund managers.
U.S. corporate dividends are showing a big turnaround just one year after recording their worst quarter in history. S&P reports that 399 companies added $6.4 billion to dividends in the first quarter. By contrast, 367 companies cut dividends by a record $43.8 billion a year ago.
Defense contractor Lockheed Martin posted higher fourth-quarter earnings that exceeded expectations, boosted by sales of its fighter jets and satellite systems. The earnings per share results, however, were boosted by a share buyback.
When JPMorgan Chase CEO Jamie Dimon and Bank of American (BAC) head Brian Moynihan flew today via corporate aircraft to Washington, D.C., to testify before a Congressional panel investigating the financial crisis, their mode of transport raised some eyebrows. But the furor over corporate jets, which are often the most efficient way to transport executives, distracts from the larger issues.
