June 2011 Headlines

General's Wife Wages War against Predatory Lenders

Military families are often the target of predatory lenders. But help is on the way from one top military wife who knows the financial strain put on military personnel.

Weak Economy Still Struggling to Create Jobs

The U.S. economy isn't growing. Employers only generated 54,000 new jobs last month.

Survey: Dollar's Global Reserve Status in Jeopardy

More than half of financial managers recently polled predicted that within the next 25 years the dollar will be replaced by different currencies, according to a report by The Financial Times.

Home Prices Up, But Slide Not Over Yet

There was good news for homeowners Tuesday as home prices in 13 major U.S. cities rose for the first time in eight months.

IMF Could Pick Lagarde as Chief by Tuesday

French Finance Minister Christine Lagarde is expected to be chosen as early as Tuesday to be the new leader of the International Monetary Fund.

Americans Spend at Weakest Pace in 20 Months

Americans spent in May at the weakest pace in 20 months, a sign that high gas prices and unemployment are holding back the economy.

Economy Grew Slightly Faster 1.9 Pct. in Q1

The U.S. economy is stronger than expected after the first quarter of the year, but economists say the growth is still weak.

Unemployment Applications Jump by Most in a Month

A new report from the Labor Department shows U.S. job market is weakening.

Dreary Outlook: Fed Cuts Economic Growth Forecast

Federal Reserve Chairman Ben Bernanke said the U.S. economy is growing slower than previously predicted.

Airlines Rank Low in Customer Satisfaction

Poor service and higher airfares and fees have reduced customer satisfaction with airlines, according to an annual American Customer Satisfaction Index report.

Stocks Rise for Fourth Straight Day on Greek Hopes

Stocks are rising at the opening of trading on hopes that a Greek vote scheduled for later Tuesday will help the country avoid a default.

Europe Debt Crisis Shadows Fed Meeting on Economy

If the U.S. economic slowdown weren't enough to deal with, the Federal Reserve this week must consider a new threat: a resurgent European debt crisis that could imperil the global economy.

Unemployment Falls in Less tthan Half U.S. States

Job growth has slowed in many parts of the country, according to a new Labor Department report released Friday.

U.S. Debt Talks Stalled as Greek Crisis Looms

Wall Street is keeping one eye on the U.S. and the other on Greece as both countries race to keep their countries from defaulting on their debts.

Builders Start More Homes but Pace Still Slow

Builders broke ground on more new homes in May, but not enough to signal a recovery in the troubled housing market.

Google Launches 'Instant Pages' in Chrome Browser

Google is making it easier for users to get to the website they want to view even faster.

OPEC: Oil Shortage Could Cause Rise in Prices

The secretary general of OPEC warned that oil shortages expected to take place later this year will lead to higher oil prices and could hurt the economy.

Bank: Gold Will Hit $5,000 an Ounce

The price of gold could be on its way to $5,000 an ounce, according to a new report issued by Standard Charter Bank.

Fed Chief Urges GOP to Support Debt Ceiling Hike

Federal Reserve Chairman Ben Bernanke said that while budget cuts are necessary, lawmakers should not risk the U.S. defaulting on its debts.

Baggage Fees Bring Airlines Big Profits

Airlines collected $3.4 billion from the extra bag charges alone -- a 24 percent increase since last year, according to a new Department of Transportation report.

Cash-Strapped Iowans Trade Guns for Gas

While gas prices eased in May, they're still higher than last year. The pain at the pump has one Iowa police station cashing in with an event called "Gas for Guns."

Retail Sales Fell for First Time in 10 Months

Americans bought fewer cars in May, pulling retail sales down for the first time in nearly a year.

Retirement for Some Americans Could be Delayed

Many Americans may not be able to retire until they're in their 70s or even 80s, according to a recent study from the Employee Benefit Research Institute.

Americans' Equity in their Homes Hits Record Low

Falling real estate prices are still eating away at the equity in U.S. homes.

Some Like It Hot: Heat Wave Means Business Boom

While most people are looking for a break from the scorching temperatures, some are hoping this spring heat wave continues because the triple digit temperatures are tripling their business.

Exxon Announces Major Oil Find in the Gulf

Exxon Mobil has discovered more than 700 million barrels of oil in the Gulf of Mexico, officials announced Wednesday.

Another Credit Agency Warns on U.S. Debt Problem

Fitch Ratings is the third ratings agency to issue such a warning, after Standard and Poors and Moody's.

Senate Approves Cap on Debit Card Fees

Americans could soon be hit with new banking fees -- the result of a Senate vote on Wednesday in a battle for billions of dollars between merchants and banks.

Rising Coffee Prices Giving Drinkers a Jolt

Coffee prices are on the rise due to a decrease supply of coffee beans and rise in demand from developing countries.

Bernanke: Economy Slowing but Faster Growth Ahead

Federal Reserve Chairman Ben Bernanke says Washington urgently needs to take care of its massive debt so the U.S. economy can be healthy in the future.

IMF to UK: Cut Taxes to Boost Economy

The International Monetary Fund expressed approval of British Chancellor Osborne's austerity measures but suggested tax cuts if its economy fails to improve.

China Reducing Investment in U.S. Treasury

China is reducing its investments in U.S. Treasury securities, according to a recent Treasury Department report.

America Heading for a Double-Dip Recession?

With today's unemployment numbers showing the fewest new jobs in eight months, economists wonder if America is sliding back into a second recession.

Jobless Rate Rises to 9.1 Pct. as Hiring Slows

Friday's Labor Department report is the latest evidence that the U.S. economy is slowing down. 

Jobless Claims Drop but Economic Fears Mount

Although fewer Americans applied for unemployment benefits last week, economic reports still point to weak job growth.

Stocks Fall on Worries About Economic Recovery

Wall Street stocks fell at the opening of trading Wednesday as weak economic reports stoked anxiety about the job market.