How I Squandered My Inheritance at Age 18
Lyn Roman inherited a small trust fund, and spent it all in a year. But the lessons she learned from her mistakes, and how she bounced back from them, have been priceless.
economy
Obama: Congress Needs to Focus on Job Creation
Obama pushes Washington lawmakers to focus on job creation during a trip to Baltimore to visit a manufacturer of pumping and digging equipment.
Economy Shrugging off Spring Slowdown, Reports Suggest
U.S. consumer sentiment rebounded in early May to the highest level in nearly six years as Americans felt better about their financial and economic prospects.
Obama Shifts Focus to Jobs
President Barack Obama leaves behind scandal-focused Washington to focus on the country's slowly improving jobs picture.
J.C. Penney Posts Huge 1Q Loss
J.C. Penney reports a first-quarter big loss on a 16 percent revenue plunge as the chain continues to reel from the turnaround plan implemented by former CEO Ron Johnson.
Powerball Jackpot Leaps to $550M
The Powerball jackpot has jumped to $550 million, a major climb less than a day after the latest drawing produced no winning ticket.
Consumer Prices Tumble in April, Driven Down by Gas Prices
A sharp drop in gasoline costs led U.S. consumer prices to tumble in April by the most in more than four years.
U.S. Housing Starts Plummet in April, But Permits Surge
Ground-breaking for new U.S. homes plummeted more than expected in April from an almost five-year high.
Congress Divided Over Federal Food-Stamp Program
House and Senate committees have laid the groundwork this week for reducing the size of the federal food stamp program, approving farm bills that would shrink food aid.
U.S. Homebuilders' Confidence Climbs in May
Confidence among U.S. homebuilders rebounded in May, reflecting improved sales trends during the spring home-selling season.
U.S. Factory Output Sees Broad Decline in April
U.S. factories cut back sharply on production in April, as auto companies cranked out fewer cars and most other industries reduced output.
Producer Prices Post Biggest Drop in Three Years
U.S. producer prices recorded their largest drop in three years in April as gasoline and food costs tumbled.
Macy's Quarterly Profit Rises Along with Same-Store Sales
Macy's reported higher first-quarter profit and sales despite cool weather in much of the country that delayed spring shopping for many customers.
Deere Posts Higher Earnings, but Warns of Challenges
Deere reported higher quarterly earnings Wednesday and forecast a record profit for the full year, but warned that it faces challenges.
Cheaper Oil Drives Import Prices Down in April
U.S. import prices fell in April due to a drop in oil costs, a positive sign for household finances that also pointed to benign inflation pressures.