17 hours ago
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Was the GDP report really so terrible?

U.S. equities drifted lower on Friday as buyer exhaustion set in after an exciting week. Cooling investors’ ardor were mixed tech earnings, lingering disappointment with President Donald Trump’s tax proposal from Wednesday, a lack of progress on health insurance reform and worries about a potential government shutdown. But above all, investors were unhappy with a […]
1 day ago
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Southwest Airlines to stop overbooking flights, CEO says

KAREN BLEIER/AFP/GettyImages Southwest Airlines plans to stop overbooking flights — an industry practice implicated in an ugly incident on a United Airlines flight that has damaged United’s reputation with the flying public.  Last year Southwest bumped 15,000 passengers off flights, more than any other U.S. airline. Carriers say they sometimes sell more tickets than there […]
1 day ago
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Feds charge Indian tribal lenders for illegal practices

Four online lenders owned by the tiny Northern California Habematolel Pomo Indian tribe charged triple-digit interest rates on small-dollar loans and used aggressive tactics — including debiting consumer bank accounts — to collect. However, federal regulators sued Thursday, saying the fees and interest charges were so excessive that they violated lending laws in 17 states. […]
1 day ago
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United passenger agrees to settlement over dragging incident

Last Updated Apr 27, 2017 9:14 PM EDT CHICAGO — Dr. David Dao, the Kentucky physician who was dragged off a plane at O’Hare International Airport earlier this month, has reached a confidential settlement with United Airlines, CBS Chicago reports.  Dao’s attorneys announced the settlement Thursday afternoon, but terms were not disclosed.   The airline […]
1 day ago
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Mixed tech earnings undermine Wall Street's euphoria

Just days after the Nasdaq triumphantly rose above the 6,000 level to set new record highs, a blitz of mixed big-tech earnings seemed to rattle investors. Suddenly, the reality of uneven results deflated ebullient emotions in key mega-cap stocks. After all, the stock market has been more expensive — on a cyclically adjusted price-to-earnings ratio […]
1 day ago
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Amazon closes in on $1,000 per share

Amazon is quickly approaching a new milestone: a share price of $1,000.   In Friday premarket trading, its stock price rose to around $950 after Amazon (AMZN) reported earnings on Thursday that exceeded some analysts’ expectations. Revenue jumped 23 percent, while sales from its retail service, which includes Prime subscription fees, surged almost 50 percent.  […]
1 day ago
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U.S. economic growth slows to weakest rate in 3 years

American consumers pared spending in the first quarter, leading to the weakest performance for the U.S. economy in three years.  The pattern is a familiar one during the economic recovery, as consumers have fallen into a pattern of sharply slowing their spending during the first three months of the year. The lackluster beginning to 2017 […]
1 day ago
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The 20 most profitable U.S. housing markets

By Constance Brinkley-Badgett/Credit.com If you’re looking to buy or sell a home this year, you probably know the housing market is booming in virtually every corner of the country. In fact, homeowners who sold in the first quarter of the year realized an average price gain of $44,000 since purchasing their home, a new ATTOM […]
1 day ago
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Trump's tax cuts promise to pay for themselves — so will they?

President Trump’s proposed tax cut “will pay for itself” by sparking economic growth, Treasury Secretary Steven Mnuchin assures Americans. It’s a familiar refrain. In the U.S., the notion that lowering tax rates unleashes the economy’s “animal spirits” has been around for at least half a century, when John F. Kennedy put forth the idea in […]
2 days ago
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Trump's 100-day economy: Few achievements so far

Donald Trump won the presidency by crusading against slow growth in the U.S.economy, as he castigated trade pacts and other culprits he accuses of damaging the American worker’s well-being. At the 100-day mark, though, he hasn’t scored any major accomplishments on the economic front, although it’s not for want of trying. The gold standard for […]