August 2012 Headlines

Gas Prices Hit Record High Ahead of Labor Day

Rising gas prices could be another issue in this election year. They're expected to be the highest ever for a Labor Day.

US Economy Grew 1.7% in 2nd Quarter

The U.S. economy grew at a tepid 1.7 percent annual rate in the April-June quarter.

Most Would Take Tax Increase to Save Social Security

Most Americans would rather take the necessary actions now, like raising taxes, to save Social Security benefits for future generations, according to a new AP-GfK poll.

Standard and Poor's: US at Risk of Recession

Standard and Poor's credit rating agency is warning that the United States is facing a growing risk of another recession.

Dave Ramsey: Finding Financial Peace in Troubled Times

What if you could pay off more than $5,000 worth of debt in just 90 days? Thousands of Americans have learned how, with the help of financial expert Dave Ramsey.

Apple Now History's Most Valuable Company

Apple is now the highest valued company in the history of Wall Street after the tech giant's stock worth hit $623.5 billion at the market's close on Monday.

Unemployment Rises in Battleground States

Unemployment rates rose in 44 states last month, the most states to show a monthly increase in more than three years, according to the Labor Department.

Euro Debt Crisis Blamed for 'Economic Suicides'

Since the recession began there in 2008, more people have committed suicide citing financial reasons, the Washington Post reports.

Sales Rise by Highest Rate in Five Months

Retail sales grew in July by the largest amount in five months despite lingering high unemployment numbers, according to the Commerce Department.

Taxpayers' Auto Bailout a 'Slow Motion Train Wreck'

Taxpayers are continuing to lose money from the auto industry bailout given to General Motors by the Obama administration.

France Shows No Economic Growth, Again

France is hovering on the edge of a recession -- which would be bad news for Europe.

Greek Recession Worst Since US Great Depression

Even though the statistics show a slight improvement, the downturn is worse than any recession in the United States since the 1930s Great Depression.

US Unemployment Applications Fall by 6,000

The number of Americans applying for unemployment benefits fell by 6,000 last week to a seasonally adjusted 361,000.

Summer Days: High Gas Prices Here to Stay

For those looking to get one last vacation in this summer, some extra cash for gas will be needed.

France's Wealthy On Edge as Tax Hike Looms

Upon his recent election, socialist President Francois Hollande vowed to impose a 75 percent tax rate on those making more than a million euros ($1.24 million).

Housing Market Sees a Few Bright Spots

Fewer homeowners are falling behind on their mortgage and a record number of homeowners are taking advantage of record low interest rates.

Going to College without Going in the Red

Rising tuition costs have many college students experiencing sticker shock. Financial experts are advising students on how to avoid being shackled by debt.

Identity Swiped! Guarding against High-Tech Scams

When it comes to shopping, swiping a credit or debit card is often the way to pay. But every year, thieves are coming up with new ways to rob consumers of their identity.

Jobs Added But Not at Unemployment Pace

Employment numbers released by the Labor Department Friday show the economy added 163,000 new jobs in July, the best hiring pace in five months.

California Slashes State Employee Salaries

California has slashed the salaries of 217,000 state employees by nearly 5 percent as part of Gov. Jerry Brown's plan to save the state $850 million.