May 2011 Headlines

Home-Price Index Slumps to Post-Bubble Low

The price of homes in a dozen U.S. markets have reached their lowest level since the housing bubble burst in 2006.

Goldman, J.P. Morgan Say $5 Gas on Horizon

Two major investment banks are warning U.S. consumers to enjoy falling gas prices while they can.

The Ethics of Multi-Level Marketing

More Americans are stepping out to create their own home-based business as the economy continues to make a sluggish turnaround.

Course Teaches Christians Biblical Entrepreneurship

Living as a Christian in today's society can be a challenge. But mirroring Christ in any business venture can be even more of a challenge

FDIC Chair: Government Default Would be 'Calamitous'

As lawmakers remain at loggerheads about raising the government's credit limit, some are sounding the alarm about the danger of Uncle Sam defaulting.

G-8: World Banks to give $20B to Egypt, Tunisia

President Obama and other Group of Eight leaders announced Friday that international development banks will give $20 billion to Egypt and Tunisia.

More People Applied for Unemployment Benefits

More people applied for unemployment benefits last week, the first increase in three weeks and evidence that the job market is still sluggish.

Banks Offer Cash Transfers to Cell Numbers

Three of the nation's four largest banks are launching a system that lets customers transfer money from their checking accounts using only a mobile number or e-mail address.

AAA: Gas Prices Won't Hurt Memorial Day Travel

The American Automobile Association predicts gas prices won't stop most people from hitting the road this Memorial Day.

Troubled Home Market Creates Generation of Renters

A growing number of Americans can't afford a home or don't want to own one, a trend that's spawning a generation of renters and a rise in apartment construction.

Deal Sites Appeal Shoppers and Businesses Alike

Deal-a-day websites blast email offers for deep discounts, sometimes good for only a few hours. And they're becoming so popular that their offices are starting to look as crowded as their subscribers' inboxes.

G-8 to Tackle International Food Crisis

Currently, millions of households are at risk of being pushed into hunger and poverty because of rising global food prices.

AAA: High Gas Won't Stop Memorial Day Travel

The AAA forecasts that nearly 35 million Americans will travel 50 miles or more over the holiday weekend.

Prices at Gas Pump Painful for 4 in 10 Americans

With gasoline prices hovering at $4 a gallon nationally, many Americans are making tough choices: scaling back summer vacations, driving less or ditching the car altogether.

Fewer People Applied for Jobless Benefits

For a second consecutive week, the number of people filing claims for unemployment dropped sharply, the Labor Department announced Thursday.

Radio Host McCullough Talks Debt Crisis, Economy

Will House Republicans ultimately give in on raising the government's credit limit or negotiate with Democrats for even bigger financial solutions?

Kernen 'Squawks' Over School Assault on Capitalism

In his new book, CNBC host Joe Kernen recounts his shock at what his 9-year-old was - and wasn't - learning about capitalism in school.

States Look at Bringing Back Gold, Silver Coins

South Carolina is the latest state to propose a bill that would allow gold and silver coins to be used as legal tender.

CBO: Recent Spending Bill Falls Short on Cuts

New information released by the Congressional Budget Office reveals the government is not saving as much money as earlier predicted.

U.S. Builders See Little to Like in Housing Market

U.S. homebuilders are concerned that the struggling housing market won't recover this year and some feel it may be getting worse.

Consumer Prices Up, But Not For Long

Consumers paid more for gas and food in April, pushing inflation to its highest level in two and a half years.

Forbes: U.S. Could Soon Return to Gold Standard

Steve Forbes said a gold standard would stabilize the dollar and restore confidence in U.S. Treasury bonds among foreign investors.

Corn Reserves Expected to Rise, Easing Food Prices

U.S. corn surpluses are expected to increase higher than anticipated this summer and grow even more next year, a trend that could help ease rising food and grain prices this year.

Microsoft Makes Big Deal to Buy Skype

Microsoft has announced it will spend $8.5 billion to buy the Internet phone service Skype, one of the largest deals in the computer giant's history.

Home Values See Largest Drop in Years

Home values have taken their biggest plunge in three years, according to a report published by Zillow.com, a real estate research firm.

Oil Rebounds on Weaker U.S. Dollar

Oil prices rebounded Monday, at one point topping $100 a barrel. Investors again saw oil as an attractive investment after last week's plunge

Gas Prices Could Fall as Oil Prices Plunge

Oil prices continued to plunge on Friday as crude oil slipped to nearly $97 a barrel. Experts predict the high fuel prices may have peaked and will slowly drop in coming days.

New Jobs Added, Unemployment Rate Still Rising

The newest unemployment report shows employers added more than 244,000 jobs last month, the third straight month of solid gains. However, the unemployment rate continued to climb.

Clinton Raises Alarm on Rising Food Prices

U.S. Secretary of State Hillary Rodham Clinton warned Friday that unless action is taken to hold down spiraling food prices prices, the consequences will be grave.

Demand for Gasoline in U.S. Declines

As the price of gasoline keeps rising in the U.S., the demand for gas is dropping off.

U.S. Service Sector Expanded at Much Slower Pace

The U.S. service sector, which employs nearly 90 percent of the nation's work force, grew for the 17th straight month in April, though at the slowest pace since August.

MasterCard 1Q Profit Up 24 pct on Higher Card Use

MasterCard Inc. said Tuesday its first-quarter profit jumped 24 percent as consumers, especially those outside the United States, swiped their credit and debit cards more often.

Gold, Silver Prices Predicted to Rise

Gold may be on its way to $2,000 an ounce -- as possibly as soon as this year.