Home Foreclosures Fall to Lowest Level in 5-Plus Years
The number of homes repossessed by lenders last month fell to the lowest level in more than five years, the latest evidence that the nation's foreclosure crisis is abating.
Recovery
U.S. Consumers' Spending Up in February, Data Show
U.S. consumer spending rose in February and income rebounded, further signs economic activity accelerated in the first quarter.
S&P 500's New High: How'd We Get Here?
Three weeks after the Dow Jones industrial average blew past its all-time high, the broader Standard & Poor's 500 index joined it in the history books.
Drop in Interest Rates Boosts Demand for Home Mortgages
Applications for U.S. home mortgages rebounded last week as interest rates pulled back for the first time in three weeks, fresh data show.
Uncertainty Drives Down Confidence in Eurozone Economy
Confidence in the eurozone's economy worsened in March, falling after four straight months of gains and suggesting a hard route out of recession, fresh data show.
Federal Reserve Maintains Stance on Record-Low Interest Rates
The Federal Reserve said it plans to keep its benchmark rate near zero as long as unemployment exceeds 6.5 percent -- a level expected into 2015.
Index of Leading Economic Indicators Rises
The Conference Board's Leading Economic Indicators Index rose 0.9% in October, outpacing increases in the previous two months and providing some grounds for hope of more robust economic growth to come.
Holiday Shopping: Self-Gifting Is On the Rise
Recession-scarred shoppers are tired of cutting back, and they're ready to give in to their pent up spending impulses, experts say. So after a few years of austerity, this holiday season, many people are going to be splurging a bit more on presents for themselves.
This Family Needs a Post-Unemployment Debt Reduction Plan
After a long spell in which one or both spouses were unemployed, a couple with three kids finds themselves $50,000 in debt. Now, with wife and husband back at work, they're aiming to get all their financial pins in a row and bowl a strike. DailyFinance's Laura Rowley offers a strategy for success.
Will Latinos Drive the Housing Recovery?
More than any other demographic, Latino homeowners were slammed by the mortgage crisis: Two-thirds of total Hispanic wealth in the U.S. evaporated from 2005 to 2009. But as the fastest growing demographic in the nation, they are also well positioned to power the housing rebound.
Irene's Aftermath: Economic Boost or Partisan Battlefield?
Now that Hurricane Irene has passed, it's time to get back to discussing the country's biggest unnatural disaster: the economy. But here, too, Irene is making her impact felt, as economists and pundits across the country debate whether the hurricane will help or hurt America's bottom line.
Housing Numbers Show Promise -- But Is It Real?
In a surprising twist, some of the best housing numbers in eight months surfaced Tuesday. But is it all good? We checked in with AOL Real Estate Editor in Chief Laura Goldstein for some insight about what the latest data really means.
Gas Prices: Down Lately, But Up 30% From 2010
Most of the media coverage about gas prices lately is focused on the fact that they've fallen from an average of $3.98 to $3.58 in about two months. What's rarely mentioned is that the cost per gallon is still 30% higher than it was this time last year, when a gallon cost $2.75.
The U.S. Is Still Tops for Millionaires
When it comes to its population of millionaires, the U.S. still leads the world, but other countries have gained recently, The Boston Consulting Group reports. In particular, the report found a stagnation of wealth growth in developed nations, but rapid wealth growth in the developing world.
Does Return of Private Jets Mean Recovery Is Here?
After years of growth, private business aviation went into a steep nosedive in 2008. Over the past year, the industry has made a comeback, but does its double-digit growth signal a sunny future for the aircraft industry alone, or is it a sign of brighter days ahead for the economy in general?