How Detroit's breakdown will hit you

(Money Magazine) Indeed, among localities still coping with fallout from the recession and housing bust, the Motor City stands alone in awfulness: 78,000 blighted structures, 18% unemployment, a $327 million operating deficit last year. Yet with the...

23.10 | 0 komentar | Read More

The IRS is cracking down on small businesses

NEW YORK (CNNMoney) The Internal Revenue Service has sent out letters to 20,000 small businesses since fall 2012, notifying them of "possible income under-reporting." The IRS says it is trying to identify businesses that get "an unusually high...

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Is renters insurance worth it for college students?

Students who live on campus typically don't have to worry about renters insurance: Their parents homeowner's policy should cover the loss or damage of most items. NEW YORK (CNNMoney) Students who live on campus typically don't have to worry about...

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India edges toward crisis as rupee plunges

Efforts by Indian authorities to restore investor confidence appear to have backfired. HONG KONG (CNNMoney) The slide that has rocked Indian markets accelerated Monday, with the rupee hitting a new record low against the dollar. The Mumbai Sensex,...

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Credit score killers

Here are 7 common mistakes people make that can ravage your credit score. NEW YORK (CNNMoney) Not only is it used to determine whether you're creditworthy enough to open a credit card, land a mortgage, rent an apartment or get an auto loan, but...

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Deadline to challenge Detroit's bankruptcy filing looms

Monday night marks the last time people can challenge the city on whether its municipal bankruptcy should be allowed to proceed. NEW YORK (CNNMoney) The deadline, set at 11:59 pm Eastern time on Monday night, marks the last time people will be...

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Bond bubble finally bursting? Rates creep up

Click the chart for more market data. NEW YORK (CNNMoney) Worries that the central bank could taper its $85 billion a month in bond purchases, or quantitative easing, as early as September has spurred a huge sell-off in bonds. Investors have...

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J.C. Penney still in a world of trouble

Shares of J.C. Penney have plunged since the start of 2012. Click the chart to track J.C. Penney's stock. NEW YORK (CNNMoney) J.C. Penney (JCP, Fortune 500) is slated to report its second-quarter results Tuesday morning, and it's unlikely that...

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The income gap

(Fortune) Let's start with the first question. Both liberal and conservative economists agree that, yes, income inequality has increased since the 1970s. The Congressional Budget Office October 2011 report "Trends in the Distribution of Household...

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Drones can change the fight against wildfires

As wildfires grow in number and size, drones could drastically change the nature of the fight. NEW YORK (CNNMoney) Wildfires have grown in number and size, but fighting them has remained an old-school game that sometimes relies on paper maps and...

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Twitter U.K. cracks down after threats against women

Twitter will get tougher on cyber abuse in the United Kingdom. NEW YORK (CNNMoney) There has been a lot of pressure on the social networking site to increase these measures after several female members of parliament and female journalists were...

23.11 | 0 komentar | Read More

BRIC markets left in the dust

Political unrest and slowing economies have sent investors fleeing the BRICS. HONG KONG (CNNMoney) Brazil's Bovespa index has been among the world's worst, losing a fifth of its value since January. The Shanghai Composite is down 12%, Russia's...

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Chinese producers benefit amid New Zealand milk scare

China has suspended imports of some whey protein and milk-based powder sourced from Fonterra. HONG KONG (CNNMoney) Over the weekend, the world's largest dairy exporter, Fonterra, revealed that some of its products were contaminated with a bacteria...

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Mysterious smartwatch maker Kreyos raises $1 million on Indiegogo

Kreyos smartwatch makers won't reveal their identities, but the company still raised $1 million through crowdfunding site Indiegogo. NEW YORK (CNNMoney) The company, which says it's making a pioneering new smartwatch, doesn't have a finished product...

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Stocks: Terror threat could have impact

Click on chart to track premarkets NEW YORK (CNNMoney) U.S. stock futures were little changed. "After the market posting record highs last week, we'll probably move sideways as investors take a look at the terror warnings abroad," said Peter...

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Washington's budget brawl: 8 things you need to know

NEW YORK (CNNMoney) The stars seem aligned for an ugly fight over the federal budget, automatic spending cuts and the debt ceiling. At the heart of the issue: The two parties can't agree on a level of spending going forward, and there is disagreement...

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Stocks hit by gravity

Click chart for more markets data. NEW YORK (CNNMoney) The Dow Jones industrial average, the S&P 500 and the Nasdaq were all relatively unchanged. Yet all three indexes are up between 19% and 22% this year. On a quiet week for economic...

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Female economists: Pick Janet, but leave gender out of it!

Only 17 of 177 central bank heads around the world are women. Female economists surveyed by CNNMoney would like to see Janet Yellen become number 18 . (Scroll to bottom of story for all 17 names) NEW YORK (CNNMoney) Last week, we sent a questionnaire...

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Russia's Mark Zuckerberg offers Edward Snowden a job

Pavel Durov (left) offered Edward Snowden a job at Vkontakte. NEW YORK (CNNMoney) Russia granted temporary asylum on Thursday to the infamous former contractor for the National Security Agency. On the same day, Pavel Durov, CEO of the social network...

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Powerball jackpot reaches $400 million

The Powerball jackpot has reached its third-biggest tally: $400 million. NEW YORK (CNNMoney) There were no jackpot winners on Saturday, which means the pot rolls over to its next scheduled drawing on Wednesday. Every time it rolls over, it expands...

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