Business » Finance

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What A Recession Does to Your Money

By Stan Choe | Feb 14
The temptation to sell everything and get out of stocks can be costly. Following every past recession, stocks have eventually gone on to recover their losses - and then climb higher.

House Bill Would Allow Drug Testing for Food Stamps

By Hallie Golden | Feb 14
A key House Republican is renewing a GOP push to allow drug tests for low-income food stamp recipients, a move to help states like Wisconsin, where Gov. Scott Walker has sued the federal government to permit screening.

U.S. Retail Sales Rise as Consumers Shrug Off Stock Price Drop

By Christopher S. Rugaber | Feb 13
U.S. retail sales rose modestly in January, evidence that Americans kept shopping despite sharp drops in stock prices.

Puerto Rico Pushes Tax Incentives for Wealthy Amid Crisis

By Danica Coto | Feb 13
Puerto Rico's government is trying to convince hundreds of wealthy investors to move to the U.S. territory, hoping they could help lift it out of a deepening economic crisis.

Double the Chaos: Amped-Up Funds Flourish Amid Turmoil

By Stan Choe | Feb 12
Investors in search of supercharged returns are plugging more dollars into investments that aim to give double or even triple the daily returns of boring old index funds. But even the companies behind these investments warn that they're not for everyone.

Companies Lose Billions Buying Back Their Own Stock

By Bernard Condon, Matthew Craft | Feb 11
If you think your stocks are doing poorly, check out the performance of some of the most sophisticated investors, the ones with more knowledge about what's going on inside businesses than anyone else: Companies that buy their own shares.

How to Fix the Euro: Top Bankers Urge Closer Ties

By David McHugh | Feb 10
The top central bankers from France and Germany are joining in an appeal to fix longstanding flaws in the euro currency by more closely integrating their economies and putting more authority over financial policies at the European level.

Reborn Maine Milling City Offers Lessons Amid Refugee Crisis

By David Sharp | Feb 9
The arrival of thousands of Somali refugees in this former mill city in the nation's whitest state sparked a backlash at first, complete with a rally of white supremacists and a pig's head rolled into the local mosque.

First Lawsuit in State Lottery-Fixing Scandal Seeks Millions

By Ryan J. Foley | Feb 8
It was one of those dreams-come-true moments that lotteries love to promote when "Lucky Larry" Dawson smiled as he claimed a $9 million jackpot, surrounded by his kids and grandkids.

UN Panel: Too Often Only Half of Aid Money Gets to the Needy

By Edith M. Lederer | Feb 7
Too often only half of the money from donors is getting to the millions of people devastated by conflicts and natural disasters who desperately need humanitarian aid, the co-chair of a U.N.-appointed panel said Wednesday.

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