Gold Price Bubble? Gold prices, what's ahead?
Stock Market Up and down, but when is the next bubble?
With the clock ticking to achieve major restructuring concessions, Chrysler reached a breakthrough late Monday night with its lenders, potentially allowing the auto maker to avoid filing for bankruptcy. The agreement with first-lien lenders, which seemed like a long-shot less than a week ago, was confirmed by administration officials to FOX Business. Prepare For The [...]
A new swine flu virus that has killed 149 people in Mexico was found further around the world on Tuesday and the specter of a pandemic began to hit air travel. The United States, Canada and the European Union advised people to avoid non-essential travel to Mexico, and companies adopted wider travel restrictions to countries [...]
With the swine flu threatening to grow into a pandemic, lawmakers on Capitol Hill have wasted little time using the issue to kick off a fresh round of finger-pointing over February’s economic stimulus package. Democrats and liberal bloggers are complaining that Republican lawmakers — most notably Maine Sen. Susan Collins — stripped funding for pandemic [...]
General Motors Corp. could be majority owned by the federal government under a massive restructuring plan laid out Monday that will cut 21,000 U.S. factory jobs by next year and phase out the storied Pontiac brand. The plan, which includes an offer to swap roughly $27 billion in bond debt for GM stock, would leave [...]
DETROIT–General Motors Corp (GM: 2.03, 0.35, 20.83%) on Monday announced plans to close plants, cut hourly workers and dealers and to eliminate its Pontiac brand in an effort to meet government demands for a quicker and deeper restructuring. The new viability plan was announced as GM filed plans for an exchange of $27.2 billion of [...]
U.S. automaker Chrysler LLC showed signs of progress with its unionized workers in its battle to stay alive on Sunday with just days left to complete deals to slash labor and debt costs or face bankruptcy. No. 1 U.S. automaker General Motors Corp (GM: 2.06, 0.38, 22.62%) is also restructuring in an effort to secure [...]
If you think your grocery bill was less last month, you’re right. The total cost of the FOX Business Shopping Cart fell $1.16 or 1.5% in March – the largest month to month decline since January 2004. The price for the 31-item basket was $75.48, the lowest since last May. The cost of the shopping [...]
Durable goods orders returned to a downward slide in March, according to a U.S. Commerce Department report issued Friday, as businesses and consumers cut back even more on the purchase of high-cost goods during this recession. See our stock pick of the week HERE The U.S. Commerce Department, durable goods orders, or orders for goods [...]
Initial jobless claims rose in the latest week, while continuing claims rose again as the labor market continued to offer sparse opportunities for those seeking work. The Department of Labor reported Thursday that initial jobless claims rose by 27,000 to 640,000 in the week ended April 18. However, the previous week had been shortened by [...]
U.S. home prices rose 0.7 percent in February from January, the first consecutive monthly gain in two years, a sign that low interest rates may be moderating declines in real estate values. Prices fell 6.5 percent in February from a year earlier, the second-smallest drop in six months, led by a 19 percent decrease in [...]