Foreclosures take longer
Foreclosures in the U.S. now take an average of 318 days to complete, up from 277 last year. The process is shortest in Texas, at an average of 92 days, and longest in New York, at 966 days.
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Wealth gap reaches new high
The wealth gap between whites and minorities in America has reached a new high, according to a Pew Research Center analysis of census data. The median net worth of a white household is now 20 times that of a black household and 18 times that of a Hispanic household, largely because of the housing market decline. The gap has doubled since the beginning of the recession.
The Washington Post
High hopes for wind and solar power
The Federal Energy Regulatory Commission expects wind and solar power to provide 60 percent of all new electrical generating capacity in the U.S. between now and 2019.
The New York Times
Cost of food keeps rising
Milk and eggs in June cost at least 10 percent more at the supermarket than in June 2010, says the USDA. Overall, food inflation is expected to continue to rise by 3 to 4 percent next year.
MarketWatch.com
Indians take the helm
Among S&P 500 companies, Indians hold more CEO positions than any other nationality except Americans.
Time
Sales-tax holidays for back-to-school shopping
Eleven states—including Alabama, Missouri, New Mexico, and Virginia—have scheduled sales-tax holidays for the first weekend in August in a bid to encourage back-to-school shopping. Four more states have set dates later in the month.
Kiplinger.com
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White House seeks to bend Smithsonian to Trump's viewSpeed Read The Smithsonian Institution's 21 museums are under review to ensure their content aligns with the president's interpretation of American history
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'E-bikes have made our lives more complicated'Instant Opinion Opinion, comment and editorials of the day
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Trump BLS nominee floats ending key jobs reportSpeed Read On Fox News, E.J. Antoni suggested scrapping the closely watched monthly jobs report
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The bottom linefeature Working families continue to struggle; The least-trusted industries; The bestselling vehicle; Mobil device use triples; Global unemployment among the young
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The bottom line
feature The cost of e-filing; Dipping into nest eggs early; What Americans are drinking; Planning for death; How tax refunds are spent
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The bottom line
feature Building bigger houses; And tuition at OSU is?; Christmas at McDonald's; Self-gifting at Christmas; Lloyd’s prepares for Hurricane Sandy claims; Google's billions
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The bottom line
feature Good results for the third quarter; Compensation at financial firms hits a high; Three cities with recovering economies; Good year for car sales; Broadway's best performance ever; Tax bite is less in 2010 than in 1980
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The bottom line
feature Airlines cut domestic flights; Income up in small cities and rural areas; Bond and Lincoln lift box office earnings; Don't be fooled by Black Friday; The high toll of identity theft
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The bottom line
feature The gender pay gap; U.S. economic growth; Parents who argue about money; Online subscriptions rise
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The bottom line
feature Can the U.S. keep up?; Airlines spend billions on runway taxiing; Americans exaggerate their working hours; The Dow Jones's 67.9 percent gain; Success and summer babies
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The bottom line
feature Consumer confidence jumps; Wall Street cuts jobs, raises pay; Goldman Sachs's muppet hunt; Desktop web searches decline; Pizza Hut scraps debate freebie