U.S. Business

Warren Buffett says its time to start taxing the uber-rich, starting with him, to even out the "shared sacrifice" our leaders have asked of the American people.

Warren Buffett's divisive plea: 'Raise my taxes'

The world's third-richest man argues for tax increases for the wealthiest Americans in a New York Times op-ed titled, "Stop Coddling the Super-Rich"

28 Comments
Traders at the New York Stock Exchange watch the market react to news Tuesday afternoon that the Federal Reserve will keep interest rates near zero through much of 2013.

The Fed's interest rate promise: 'Foolish'?

Ben Bernanke and Co. decide to keep banks' borrowing rate near zero until at least 2013. Will that really do anything to help the stuggling economy?

Between Bank of America's legal battle with AIG and its plummeting market shares, some worry that the banking behemoth is on the brink of disaster.

Is Bank of America on the brink of bankruptcy?

Ongoing mortgage issues, plunging stock values, and a fresh $10 billion lawsuit have analysts and investors worried about the financial giant's health

16 Comments
People work on their laptops at a Starbucks: Some New York locations may block electrical outlets so customers don't hog tables all day.

Should Starbucks pull the plug on laptop loafers?

Some of the java giant's New York City coffee shops are cutting off customers who mistake the cafés for a home office

25 Comments
Commuters in Grand Central Station, New York: Job growth was better than expected in July and unemployment dropped slightly.

The 'better-than-expected' July jobs report: 5 takeaways

Employment growth exceeded forecasts in July, with 117,000 new jobs added to the economy. But before you get too optimistic...

10 Comments
Sarah Palin earns more than $1 million dollars a year as a Fox News contributor, even as she flirts with the notion of running for president in 2012.

Proof that Fox News goes easy on Sarah Palin?

Two Fox hosts admit on-air that they pull punches when discussing Mama Grizzly — then insist they were only joking

19 Comments
Boxes of Kraft Macaroni & Cheese line a Los Angeles grocery store shelf: The food company is splitting into two publicly traded companies.

Kraft Foods' big split: An instant guide

The Goliath of packaged foods will cleave its company in two — impulse snack foods to the left, grocery-store staples to the right

California's state capitol: The nation's largest state has been plagued for years by budget shortfalls, as have local governments across the country.

The municipal bankruptcy epidemic: By the numbers

Across the country, local government agencies face gaping budget deficits caused, in part, by massive borrowing and shrinking tax revenues

President Obama wants to invest in infrastructure projects to boost employment, but Republicans may stand in his way.

Does Obama have any hope of creating jobs?

The president promises to tackle unemployment now that the debt deal is done. But with the GOP bent on spending cuts, there's arguably little Obama can do

22 Comments
Shoppers in a New York City mall: Consumer spending fell in June for the first time in nearly two years, raising fears of a double-dip recession.

Is the double-dip recession already here?

The markets are swooning, stimulus spending has run out, and economic growth has stalled — fueling concerns that a second downturn is upon us

11 Comments
GM's Segway-like electric car, which is expected to be released around 2020, uses GPS signals to steer itself where a passenger tells it to go.

GM's new self-driving pod car

The hands-free two-wheeler will be able to park itself, and come when you call it by smartphone

11 Comments
On July 14, Standard & Poor's said there was a 50 percent chance it would downgrade the U.S. government's credit rating within three months because of the messy debt-ceiling debate.

Is the U.S. still due for a painful credit downgrade?

Washington's last-minute deal might not slow down the ballooning growth of America's debt enough to please credit ratings agencies

7 Comments
This 2,600-foot tall tower, as seen in this artist rendering, will generate enough solar energy to fuel 150,000 homes.

The world's second-tallest structure: It's solar

Twice the height of the Empire State Building, a proposed solar-energy plant in Arizona could become a new prototype for energy production

The housing market could be one of the casualties of a lowered government credit rating.

5 consequences of a U.S. credit downgrade

The federal government's top-notch AAA credit rating hangs in the balance as Congress battles over the debt ceiling — and its fate could directly affect you

23 Comments
The floor of the New York Stock Exchange: Even if Congress agrees on a debt-ceiling plan, America's AAA credit rating may still be in jeopardy.

A U.S. credit downgrade: Inevitable?

With the ratings agencies disgusted by the debt-ceiling stalemate, it may be too late for Congress to save the government's top-notch credit rating

11 Comments

Facebook

Twitter

Stumble

Tumblr

RSS

Newsletter

See our bad opinions
Reader Poll Your Opinion Matters

Should the Plan B emergency contraceptive pill be sold in vending machines?

cockroach

A Madagascar hissing cockroach named after your valentine — and more in our collection of bizarrely elite consumer products