Fed: Consumers are 'hoarding money'

by -NO AUTHOR- -- (CNBC) — One of the great mysteries of the post-financial crisis world is why the U.S. has lacked inflation despite all the money being pumped into the economy. more…

Stocks mixed, S&P 500 clings to 2,000

by -NO AUTHOR- -- (CNBC) — U.S. stocks mostly fell on Tuesday, with the S&P 500 retreating after hitting another intraday record, as energy companies dropped along with the price of oil more…

Credit-card fears as hackers hit Home Depot

by -NO AUTHOR- -- (CNBC) — Home Depot may be the latest retailer to have suffered a massive credit card breach, the company confirmed on Tuesday, after a website reported that a more…

Cell phones marketed to 5-year-olds

by -NO AUTHOR- -- DETROIT (WWJ) – Many metro Detroit kids headed back to class on Tuesday with the pencils, pens, notebooks and lunch — but what about a mobile phone? How more…

Fast-food workers plan acts of civil disobedience

by -NO AUTHOR- -- (WASHINGTON POST) NEW YORK — McDonald’s, Wendy’s and other fast-food restaurants are expected to be targeted with acts of civil disobedience that could lead to arrests Thursday as more…

Obama pushes minimum-wage hike

by -NO AUTHOR- -- (NEW YORK TIMES) MILWAUKEE — President Obama on Monday renewed his call to raise the federal minimum wage and to protect the right to equal pay for women more…

Eric Cantor joining Wall Street firm

by -NO AUTHOR- -- (REUTERS) Former House majority leader Eric Cantor is joining a Wall Street investment bank as vice-chairman and managing director, the firm announced this morning. The firm, Moelis & more…

Holy Shemitah! Bible cycle unlocks U.S. future

by -NO AUTHOR- -- WASHINGTON – Wall Street analysts have pondered the mystery of what appears to be seven-year economic cycles. They've also wondered why crashes seem to come in September. Jonathan more…

U.S. TV shows abandon filming in America

by -NO AUTHOR- -- (TELEGRAPH) — Hollywood’s big-budget blockbuster movies have often been filmed overseas, particularly in England because of the tax incentives offered. Now television is following suit and more US more…