In the last three months of 2010 consumer spending reached its highest rate since early 2006. Spending should cool a bit, but the report is a positive sign for the economic recovery.
Even economists don't fully understand the complicated global economy. .
The US is no longer in a recession, most economists say. But the economic recovery has slowed due to cautious attitudes among consumers and businesses, among other factors.
Mortgage rates at 4.4 percent could bring new wave of refinancing, easing some strain on family budgets. Low rates also make homebuying more attractive. The catch: All this is if you qualify.
Two commercial big banks – Citigroup and Bank of America – reported earnings Friday. Yet their stock prices fell, in part because of a slow business climate in which loan portfolios are shrinking.
Gold doesn't pay interest or offer dividends, but investors have flocked to bullion in the last decade as stocks have tumbled. Is it the right time for you to buy gold?