The Dow Jones Industrial Average soared more than 170 points after a better-than-expected jobs report, dropped more than 500 points, and has since pared most of its losses.
Emerging markets in Asia-Pacific have investors who are more conservative than those in Japan and other developed Asian nations. The big problem for emerging markets: Investors are not planning ahead enough.
With a down economy, the majority of the Millennial generation has nothing saved for retirement. But they’re also most at risk for not getting Social Security payments later in life. Raising the retirement age would help ensure that something is left for them.
The 10-mile shutdown of Interstate 405 this weekend in Southern California is being called 'carmageddon.' Will Los Angeles set the new world record for worst traffic jam? Here are four of the worst traffic jams worldwide.
MySpace, a struggling competitor to Facebook, is bought by ad network Specific Media. The $30 million to $40 million price for MySpace is less than what News Corp. had hoped to sell it for.
The economy may be looking better for some states this year, but budget woes are a challenge from east to west. In its fifth annual ranking of America’s Top States for Business, CNBC for the first time took into account state budget gaps among the 43 metrics that go into its rankings. That made for some interesting changes this year, with last year's Nos. 1, 3, and 5 states falling while other states climbed in rank. Here are the Top 5 states for business:
Natural gas shale companies' financial statements don't add up, says Dallas Fed advisory member. Companies have high leverage, little cash, and very low estimates for natural gas extraction, she says.
Newt Gingrich said his recent campaign troubles came from consultants who wanted him to measure his words more carefully. Were they right? Or does he just need more cash?
Medicare, Medicaid, and Social Security obligations put the US in terrible financial straits, says PIMCO's Gross. Public debt, Medicare, and other entitlements mean the US on the hook for nearly $100 trillion.