CBN.com - Finance

Bernanke: Economy is at Risk Without Help of Fed

Thu, 23 May 2013 00:00:00 GMT

Federal Reserve Chairman Ben Bernanke told Congress Wednesday that the country's job market remains weak and warned against ending the Fed's stimulus program.

Dow's Up: Why You May Want to Hold Your Applause

Thu, 23 May 2013 00:00:00 GMT

The Dow reached another major milestone Tuesday, closing above 15,000 for the first time ever. But some say it may be too soon to celebrate.

Unemployment Rate Drops But How's the Economy?

Thu, 23 May 2013 00:00:00 GMT

Employers added 165,000 jobs in the month of April, reducing the unemployment rate from 7.6 to 7.5 percent -- a four-year low.

Koch Brothers Put in Bid for Tribune Newpapers

Thu, 23 May 2013 00:00:00 GMT

Two conservative brothers could be the future owners of eight large newspaper branches owned by the media giant, The Tribune Company.

Poll: Americans feel Future Economy is Bleak

Thu, 23 May 2013 00:00:00 GMT

A new Associated Press GFK poll finds only one in four expect their financial situation to improve over the year.

New Poll Proves Americans feel Future Economy is Bleak

Thu, 23 May 2013 00:00:00 GMT

A new Associated Press GFK poll finds only one in four expect their financial situation to improve over the year.

Higher Taxes Delays Tax Freedom Day

Thu, 23 May 2013 00:00:00 GMT

Today is Tax Freedom Day. Americans have earned enough to pay all their annual taxes.

TurboTax's Goes Offline, Leaving Users Outraged

Thu, 23 May 2013 00:00:00 GMT

TurboTax customers may be scrambling to file before the April 15 IRS deadline after the online tax software company went offline briefly Sunday.

Small Businesses Say Tax Code a Major Burden

Thu, 23 May 2013 00:00:00 GMT

A new National Small Business Association survey released showed the tax code is a major burden on American's small businesses.

Need More Time to File Taxes? No Problem

Thu, 23 May 2013 00:00:00 GMT

Tax day has arrived and some taxpayers will be making a midnight trip to the post office to get those forms in on time.

Postal Service Says Saturday Mail Delivery Stays

Thu, 23 May 2013 00:00:00 GMT

The U.S. Postal Service announced Wednesday it will continue Saturday mail delivery despite previous plans to cut back to a five-day delivery system.

Tax Expert: Five Steps to Take Before April 15

Thu, 23 May 2013 00:00:00 GMT

Tax expert Daniel Pilla says the fear associated with filing your income taxes can be avoided by following a few easy steps.

March Sees Fewest Job Gains in Nine Months

Thu, 23 May 2013 00:00:00 GMT

A slowdown in March job gains has experts questioning the strength of the market for the spring season.

Housing Prices Boost Hopes for Steady Recovery

Thu, 23 May 2013 00:00:00 GMT

Economists and investors are hoping that the economy will keep up its slow recovery.

Obama Advocates for Weaker Credit Loan Applicants

Thu, 23 May 2013 00:00:00 GMT

The Obama White House is pushing banks to make more home loans available to people with weaker credit; The Washington Post reported on Tuesday.

Experts Say US, Russia Could See Oil Boom

Thu, 23 May 2013 00:00:00 GMT

New technologies could make the United States a world leader in producing oil from shale rock. Meanwhile, Russia could experience an oil boom of its own.

Walmart Rolling Back Prices at the Pump

Thu, 23 May 2013 00:00:00 GMT

Walmart is now rolling back prices at the pump. Commuters in 21 states can now save as much as 15 cents a gallon until July 7.

Analysts Project More Record Highs for Stock Market

Thu, 23 May 2013 00:00:00 GMT

The market started off the year with the strongest three months since 1998. Now investors are expecting stocks to keep doing well for the rest of 2013.

Court Rules California City Can File Bankruptcy

Thu, 23 May 2013 00:00:00 GMT

A federal judge ruled Monday that Stockton, Calif., cannot pay its bills and has no other option than to file bankruptcy.

Citigroup Forecasts Drop in Oil Demand

Thu, 23 May 2013 00:00:00 GMT

A new Citygroup report forecasts demand for oil could fall in the next decade.

Money Editor: Sunrise Scheme Targets Christians

Thu, 23 May 2013 00:00:00 GMT

Several states have issued warnings about a company called Profitable Sunrise that's promising investors "risk-free" returns of up to 3 percent a day on their money.

Crisis Ahead? Cyprus Rejects Bank Deposit Tax

Thu, 23 May 2013 00:00:00 GMT

Cyprus lawmakers rejected a tax on bank deposits that would have partly funded an emergency bailout.

Good News! US Housing Market on the Upswing

Thu, 23 May 2013 00:00:00 GMT

Home sales are up, and that's good news for sellers, possibly buyers, and anyone concerned about the economy.

Conscious Capitalism: Whole Foods Helping 'Heal America'

Thu, 23 May 2013 00:00:00 GMT

Artificial fats, sweeteners, and colors: much of America's food supply is fake! But one nationwide grocer is trying to set itself apart from the rest.

Cyprus Scrambles to Avoid Bankruptcy

Thu, 23 May 2013 00:00:00 GMT

The Cypriot parliament is set to reject a controversial tax on bank deposits Tuesday as the island nation nears a default on its loans and a possible banking collapse.