Stocks are falling and gold is rising. Is quantitative easing really helping the US recover?
President Obama is considering an executive order to force contractors to disclose their political spending.
Joplin tornado, as Sunday's twister has come to be called, is blamed for more than 100 fatalities in the southwest Missouri community. It's the latest in a string of tornadoes this spring. Though hurricanes and earthquakes tend to do more financial damage per event, tornadoes and related events have been responsible for an average 57 percent of all insured catastrophe losses in the United States since 1953, according to a 2009 study by insurance credit-rating service A.M. Best. Not counting the Joplin tornado, where damage assessments have only begun, here’s a look at the five most financially devastating tornadoes in the US, according to the A.M. Best study and federal estimates (reported in 2011 dollars):
The Dow fell about 130 points, with rising concern that European debt problems are worsening
Emerging-market drivers now buy the majority of the world's cars. The BRIC nations lead the charge that will boost auto sales for new and established automakers.
Oil futures close down below $98 a barrel in New York. Oil futures fall as dollar strengthens.
Airline stocks in Europe: Budget carrier Ryanair initiates first cutbacks ever, saying it's cheaper to ground 80 planes than fly them. Other airline stocks fell because Iceland's volcanic eruption could disrupt traffic.
McDonald's chicken will be more French and more 'neutral.' Topping the McDonald's chicken sandwich: mirepoix.
Social Security numbers plus altered passports used in plot to get California driver's licences for 200 illegal immigrants. Police arrest two, saying Social Security IDs came from Northern Marianas.
Stock prices slide more than 1 percent in Japan, South Korea, and Hong Kong. Investors expect stock prices to go lower, analyst says.
Mortgage rates for a 30-year loan are now 4.61 percent. Mortgage rates for 15-year loan now average 3.80 percent, lowest since last November.
Emerging markets are seeing strong growth without the support of the developed world. That bodes especially well for one emerging market: Russia.
Like entitlements, most tax cuts don't get the annual scrutiny that direct spending does. They should.
The Dow and S&P 500 fell for the third week in a row, down about 83 points and 4 points this week, respectively. The Nasdaq fell for the second straight week, closing about 25 points down.