August 2010 Headlines

Yeager: Living Happily as a 'Cheapskate'

Author Jeff Yeager is teaching Americans how to stretch their dollar, and how to be more of what he calls a "cheapskate."

Financial Expert Shares 'Stewardship Theology'

Financial expert Lee Jenkins has developed a simple plan to get people to live within their means.

Home Prices Rise in 17 Cities in June

Home prices rose in June for a third straight month as now-expired tax credits inspired a burst of home-buying.

Beijing Wants Its Currency Used by World's Banks

Some of the world's largest banks are encouraging businesses to use the currency of the People's Republic of China, the yuan - also called the Renminbi - in their trade deals with China.

Analyst: Governments Face Default

Investors around the world have been buying government securities for safety, but those investments may not be so safe after all.

New Jobless Claims Drop First Time in 4 Weeks

New requests for unemployment benefits fell sharply last week, the first decline in a month and a hopeful sign after a raft of negative economic reports.

Recovery Fears Rise with Plunging Home Sales

A new report shows home sales fell 27 percent in July - the steepest one-month drop since figures were first compiled in 1968.

The Global Economy -- Time for a Second Recession?

There are growing concerns that the global economy may soon dip back into recession.

New Credit Card Rules Go Into Effect

New government regulations over the way credit card companies can penalize cardholders are now in effect.

Investors Flee Stocks as Bond Prices Soar

Longer-term Treasury bonds have returned 2.1 percent so far this year, while the Dow Jones is down 2 percent.

Fidelity: 401K Withdrawals Reach 10-Year High

A record number of workers made hardship withdrawals from their retirement accounts in the second quarter.

Analysts: Deficit to Exceed $1.3 Trillion in 2010

The Congressional Budget Office predicts the deficit will exceed $1.3 trillion this year, which would be the second largest deficit ever recorded.

First Time Jobless Claims Hit Half Million

Stocks tumbled across the board Thursday as investors fear the latest Jobs Report suggests more layoffs in the future.

Target 2Q Profit Rises 14.3 Percent on Cost Cuts

Target Corp.'s second-quarter net income rose 14.3 percent, helped by cost-cutting that offset weaker-than-expected revenue.

Wholesale Prices Rise on Higher Food Costs

Wholesale prices rose last month for the first time since March on higher costs for food and passenger cars and trucks.

Chinese Invest in Europe, Japan -- Less in U.S.

Yu Yongding, former advisor to the People's Bank of China, told Bloomberg News that his country has been buying "quite a lot" of European bonds.

Economists: More Stimulus Plans Bad Idea

The results of a survey of 53 economists by the Wall Street Journal reveals that policy makers in Washington, D.C. shouldn't try any more stimulus packages to make things better.

A Cheapskate's Secret to Living Happily on Less

Author Jeff Yeager is teaching Americans how to stretch their dollar, and how to be more of what he calls a "cheapskate."

Retail Sales Post July Gain as Auto Sales Increase

Retail sales managed a modest increase in July after two consecutive declines, but the strength was concentrated in higher sales of autos and gasoline.

Confidence Drops on Obama's Economic Handling

A majority of Americans now believe it's only going to get worse and they are also not satisfied with the way politicians are handling the situation.

Report: Foreclosures Spike in July

Foreclosures spiked 9 percent higher than in June, and marked the eighth month in a row that the rate increased over that month the year before.

U.S. Dollar Falls to a 15-Year Low Against the Yen

The U.S. dollar slid to a 15-year low against the yen Wednesday, dragged down by the anemic recovery in the world's biggest economy.

Wheat Prices Up after Russia Export Ban

Wheat prices have spiked after a recent decision by Russia to ban grain exports for the remainder of the year due to a severe drought and wildfires having destroyed 20 percent of its crop.

Hiring Rate Weak for 3rd Straight Month

The month of July brought a slow hiring rate for the third straight month, according to the U.S. Labor Department.

Nevada Board Cuts State Employee Benefits

Nevada is slashing benefits for tens of thousands of state employees, retirees and their dependents.

Geithner: Healthcare Overhaul Helps Medicare

Treasury Secretary Timothy Geithner said President Obama's new healthcare law is having a positive effect on Medicare.

Company Adds GPS Devices to Brazil Detergent

Starting next week, Unilever will add a tracking device to 50 of its two-pound boxes of Omo laundry detergent for promotional purposes.

World's Leading Investors Fear Deflation

Some of the world's leading investors are becoming more worried about the possibility of deflation, according to the Wall Street Journal.