Monthly Archives: April 2011
S&P enters budget debate by lowering U.S. credit rating outlook
Stocks fell when Standard & Poor's announced that partisan budget bickering has led the agency to downgrade the U.S. credit rating outlook.The top health hazards that make life insurance expensive
Here are the top health hazards that can send your life insurance premiums skyrocketing. Managing health conditions can help you save cash.Severe budget problems could get all Detroit teachers laid off
Every single teacher employed by the city of Detroit will be laid off by July 29, unless the city can fix some chronic budget problems.First-time homebuyer tax credit: Get ready to pay
The first payment on the $7,500 first-time homebuyer tax credit from 2008 is due with the 2010 tax return for anyone who received the credit.Federal budget passes; fewer troops need military payday loans
The government shutdown has been averted, which means service personnel won't have to work without pay or get payday loans as a result.CARD Act could strip stay-at-home partners of financial identity
The consumer-protection CARD Act is supposed to protect consumers, but some stay-at-home spouses hit snags because they can't prove income.Two-thirds of US men worked in 2010, a record low
Only two-thirds of U.S. men worked in 2010, a record low. Only 45.4 percent of U.S. adults worked last year, the lowest figure since 1983.Senate report on financial crisis points finger at Goldman Sachs
A Senate report investigating the cause of the financial crisis accuses Goldman Sachs of misleading both its clients and Congress ...Mortgages face tough competition from home buyers paying cash
Plummeting home values are attracting cash buyers who outcompete mortgages with lower offers ...Federal agencies agree to cooperate on gas price investigation
Two federal agencies have signed an agreement to cooperate in investigating gas prices. Banks fighting to corner market for EMV chip credit cards
JPMorgan and Wells Fargo are launching EMV chip equipped smart cards for high-end credit card customers who travel overseas frequently.Banks under SEC antitrust investigation for rate manipulation
The SEC and Justice Department are investigating whether a group of world banks colluded to manipulate the LIBOR interest rate.NFL lockout loans: More money, more problems
The 2011 NFL lockout has spawned a controversial product called the lockout loan. Large-dollar same day loans to players can spell trouble.14 banks ordered to pay homeowners back for bad foreclosures
Terms of the robosigning settlement include 14 financial institutions having to repay homeowners whose homes were wrongfully foreclosed. Child identity theft victims often targeted by loved ones
No child is too young for identity theft; it happens to children 51 times more often than adults. More than 10 percent in a study had stolen IDs.Amazon to release ad-supported Kindle for $114
The Amazon Kindle with Special Offers – the first ad-supported Kindle – will ship May 3. Is a $25 discount enough to make the ads bearable?Will Goldman-triggered commodity rout lower US gas prices?
Goldman Sachs cashed in on crude oil, warning that high prices are creating demand destruction that will end the rally.
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