More Business
December 16, 2014

Photos of the day 12/16

Members of Hungary's Jewish community gather to celebrate Hanukkah and to light the first candle on the menorah in downtown Budapest.

  • Paper Economy Mortgage rates dip to a 16-month low (+video)

    Mortgage rates for a 30-year fixed rate loan fell to 4.08 percent since last week, the lowest in nearly a year and a half. In addition to falling mortgage rates, the the purchase application volume decreased 1 percent and the refinance application volume increased 11 percent over the same period.

  • In Gear How Chrysler became 'FCA US LLC'

    As of this morning, the company formerly known as Chrysler has changed its name to 'FCA US LLC,' to better reflect its Fiat ownership. Thankfully for car fans, the change is mostly a technicality, and brand names like Chrysler, Dodge, Jeep, and Ram aren't going anywhere. 

  • Saving Money Five great Christmas gift ideas for kids

    We all love to see the shine and excitement on our kids faces when they see their presents on Christmas morning. That's why we've rounded up five of our favorite gift deals for kids, including 36 cans of Play-Doh at 44 cents a piece, a Dora and Friends bilingual play set at a $17 low, and more. 

  • The New Economy Wealth gap between the rich and the middle class is now the widest on record

    The wealth gap between upper and middle income US families is now at its widest point in at least 30 years, according to a Pew study released Wednesday. Rich Americans have begun to regain the wealth lost during the Great Recession, while lower and middle income families lag behind. 

  • Tax VOX Will immigrants get a tax windfall from refundable credits?

    Lawmakers scuttled an effort to permanently extend a number of tax breaks—largely because many feared it would open the door to widespread use of refundable tax credits by undocumented immigrants covered by President Obama’s recent executive order. Is their concern justified?

  • Robert Reich Why college is necessary but gets you nowhere

    Since 2000, the incomes of young people who have graduated college have barely risen. The problem is this; while a college education is now a prerequisite for joining the middle class, the middle class is in lousy shape. A college degree no longer guarantees a good job. 

  • The Bite Why McDonald's in Japan is only serving small fries

    A labor dispute at U.S. West Coast ports has doubled the amount of time it takes for french fries and other goods to reach Japan. The result is a french fries shortage in Japan.