Obama’s budget would add $6.4 trillion to debt – CBO
Lawmakers on Friday were handed the official score card on President Obama’s proposed budget for 2013.
Stocks close mixed at the end of a strong week
Stocks ended mixed Friday but the major gauges all posted gains of more than 2% for the week on rising hopes for the U.S. economy.
Fleeing to cash won’t protect retirement savings
I’m a 65-year-old retiree who has a comfortable pension and retirement savings that, for now at least, I don’t need for living expenses. About a year ago I moved my savings into cash because I was worried about the unstable stock market and the crisis in Europe. I hate to see this money earn nothing, but I don’t want to lose it if the stock market dives. Should I leave my savings in cash? Invest it in short-term bonds? Should any of it go into stocks? — Don S.
The new Buffett rule: Buy coal stocks? No.
A lump of coal in your stocking is not considered a good thing. But a lump of coal stocks in your portfolio could be lucrative if you buy into the latest Wall Street gossip about Warren Buffett.
Sprint terminates contract with LightSquared
Sprint ended its $9 billion agreement with LightSquared on Friday, after it became increasingly clear that LightSquared’s network may not get off the ground.
Lines around the corner for new iPad
The new iPad may not be much different than the previous version, but that didn’t stop thousands of Apple fans in New York from waiting hours in line to be among the first to get it Friday morning.
CPI: Inflation stays in check, despite high gas prices
Gas prices keep rising, but that hasn’t led to higher prices for other consumer goods just yet.
Retail investors shun the rally
U.S. stocks have been on a tear so far this year, but the average American investor still isn’t buying it.
Stocks to open higher after inflation report
Stocks were poised to open slightly higher Friday, as investors reacted to the latest reading on inflation, and continued to look for signs that the U.S. economy is on solid footing.
Ditching cable made easy
Cable TV’s $50-plus monthly cost may be unavoidable for sports fans and news junkies — but if you just want a good selection of TV and movies, try a combo of these online services.
