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The Euro is about as low relative to the U.S. dollar as it’s been all year, as policymakers and bankers alike fret that the shared currency masks deep sovereign debt problems and that the European economy is about to slide into recession once again. This is all pretty grim stuff, but experts say it could have [...]
If you are interested in buying a home, chances are you need a mortgage — and the first step toward a mortgage is a prequalification (or its cousin, pre-approval) letter. You provide your lender with basic financial information, and in return you receive a written offer to provide you with financial backing for a home [...]
Chicagoland teenager Daniel Ganziano thought he was doing the right thing when he opened an account last year with TCF Bank near his Illinois home to learn how to handle money responsibly. Instead, Ganziano learned that bank fees can very quickly spiral out of control — in his case, to more than $229 in less [...]
U.S. trade officials are “very disappointed” in China’s decision to impose new import tariffs on several U.S. auto manufacturers, including Ford, GM and Chrysler, a spokesperson for the U.S. Trade representative wrote in a statement on Wednesday. The pointed response comes after the Chinese trade ministry announced the new duties, adding a new trade dispute [...]
When Jim Jordan suffered through a foreclosure, it wasn’t just about the family house. The Costa Mesa, Calif. ranch house that he grew up in (but no longer lived in) was host to a gigantic Christmas display. Sure, there was Santa on the roof with reindeer — but there was also an array of Charles Schultz [...]
It cost us $50 million a year for a bunch of coins few people really wanted. In fact, after years of production, only about 60% of them made it into circulation. The other 40% just sat in a Federal Reserve vault.
Apparently, the regular old bustling holiday shopping season isn’t enough for retailers constantly looking for new ways to stir up business and increase sales numbers. Nowadays, to rouse consumers into ceaseless shopping sprees, it seems like every other day from the end of November through December is branded as a sales “event” of one kind [...]
In a new survey, nearly half of consumers (48%) “feel high-tech manufacturers bring new products to market faster than people need them.”
Bookstores seem to be doing surprisingly well this year, but those sales might not be sustainable.
Consumer debt figures show it: we’re getting tired of being so darned frugal. Here are five guidelines to keep you from borrowing too much.
Apparently sick of the workaday grind, a pair of 30-something roommates who are deeply in debt decided to live like the 1% for a spell. After forging checks from a law firm where one of the women worked as a paralegal, the twosome tore off on a private jet with friends to go shopping in [...]
