December 2010 Headlines

Experts: Gas Prices Could Hit $5 a Gallon Soon

Gas prices have increased throughout the holiday season, and drivers are now being warned of prices as high as $5 per gallon in coming years.

Unemployment Benefit Applications Drop Sharply

The number of people applying for unemployment benefits fell to its lowest point in nearly two and a half years, a sign that the job market is slowly improving.

111th Congress Most Expensive in History

The 111th Congress has surpassed its nearest competitor, the 110th Congress, by an astounding $1.262 trillion in new debt.

Consumers Unfazed by Blizzard, Unemployment

The big boom of post-Christmas shopping just keeps going, and it's happening despite the big blizzard and a high unemployment rate.

Ex-Oil Exec Says Gas Will Hit $5 by 2012

Gasoline could hit $5 a gallon in the U.S. within the next few years, according to former Shell Vice President John Hofmeister.

Winter Snow Storm Not Hurting Sales Much

Consumers across the rest of the U.S. scoured clearance racks during the afterglow of the best holiday season for retailers since 2007.

Christmas Eve Shoppers May Lead to Spending Record

It's Black Friday, The Sequel. Stores are rolling out deals and expect to be swimming in shoppers on Christmas Eve as stragglers take advantage of a day off work.

Consumer Spending Brightens Economic Outlook

Economic reports Thursday suggest consumers are spending more confidently.

Cherokee, Apple partner to Put Language on iPhones

The Cherokee tribe has worked with Apple to develop Cherokee language software for the iPhone, iPod and - soon - the iPad.

Economy Grew Modestly in July-Sept. Quarter

More recent barometers suggest the economy is gaining momentum in the final months of the year.

Soon the Government Check Won't be in the Mail

Officials have settled on the dates when millions of people will no longer be able to get their Social Security and other benefit checks by mail.

Jingle, Jingle: Americans Spending More this Season

American shoppers are spending more this Christmas than even the country's retailers had hoped for.

U.S. Gas Prices Rise Almost 8 Cents

Gas prices are on the rise, just in time for the holiday travel season.

Financial Peace: Experience the Miracle of Giving

Financial expert Dave Ramsey, host of the Dave Ramsey Show,  offers tips on how to live debt-free and experience the miracle of giving.

Fewer People Apply for Unemployment Benefits

Fewer people applied for unemployment benefits last week, the third drop in the past four weeks and a sign that the job market is slowly improving.

Mark Zuckerberg Named Time 'Person of Year'

Facebook founder and CEO Mark Zuckerberg has been named Time magazine's "Person of the Year" for 2010.

World's Largest Airlines Now in Latin America, Asia

The United States can no longer boast owning any of the five largest airlines in the world. That distinction now falls to Asia and Latin America.

Retail Sales Rise 0.8 Percent in November

Retail sales rose for a fifth straight month in November, as the biggest jump in department store sales in two years gave the holiday shopping season a strong start.

Motorists May Be Taxed for Accident Rescue

State and local governments are beginning to resort to the so-called "crash tax" for additionl revenue. 

Oil Rises Above $88 as OPEC Leaves Output Stable

Oil prices rose above $88 a barrel Monday in Asia after OPEC left its crude output quotas unchanged, citing slowing demand and abundant supplies.

Treasury Earns $35 Billion from TARP

The government's controversial $700 billion bailout program has earned taxpayers some $35 billion in income over the last two years.

Jobless Claims Fall for Second Time in 3 Weeks

Applications for unemployment benefits dropped last week to the second-lowest level this year, fresh evidence that companies are cutting fewer jobs.

Experts: Foreclosures May Hit All -Time High

RealtyTrac said the country is on pace to see more than 3 million households receive some sort of foreclosure notice. That is more than last year's all-time high of 2.8 million.

New High-Tech $100 Bill Causes Expensive Error

The new $100 bill includes advanced anti-counterfeit measures like a 3D security strip that could cause production delays.

Taxpayers Make $12 Billion on Citigroup Bailout

Taxpayers will end up profiting from the government's $45 billion bailout of Citigroup, thanks to a recent deal the Treasury Department struck with the company.

Bernanke Defends Stimulus, Cites At-Risk Economy

Federal Reserve Chairman Ben Bernanke has stepped up his defense of the Fed's $600 billion Treasury bond-purchase plan, saying the economy is still struggling to become "self-sustaining" without government help.

Unemployment Rate Rises As Job Growth Slows

The unemployment rate has taken a surprising jump, climbing to 9.8 percent in November, the highest level in seven months.

Jobless Benefits Expire as Lawmakers Fail to Act

Congress failed to extend jobless benefits, meaning millions of Americans have lost or will lose funds meant to help them get back on their feet.

Investors Buying Gold to Offset Euro Value

Investors are worried about a financial crisis in Europe, so they're buying more gold and driving the price closer to $1,400 an ounce. 

Report: States Facing More Financial Stress

The slow economic recovery hasn't helped some state legislatures deal with their budgets.