Personal Finance News

The Federal Reserve gave no indication in its written statement Wednesday that it plans to soon scale back its purchases of bonds and other assets, as it continues its efforts to boost the U.S. economy.

A government initiative aimed at saving money by eliminating paper checks is hurting some recipients of federal benefits while earning the bank that operates the program millions in fees charged to consumers.

Gov. Tom Corbett's plan to slash $12 billion from future public employee pension benefits appears dead in the Republican-controlled state Senate.

Since the beginning of the year, the price of gold has dropped by $303 per ounce or 18%, to a closing price of $1,378.50 at the close of Tuesday's trading in London. Silver's price decline has been even steeper than gold with a drop of $9.07 per ounce or 29.4% since the beginning of the year.

Chairman Ben Bernanke will be pressed to settle the wave of confusion and speculation that's consumed investors since he spoke to Congress last month about the Fed's drive to keep long-term interest rates at record lows.

Facebook Inc said on Tuesday it now has 1 million active advertisers globally who used the platform in the last 28 days, a milestone for the company that is seeking to revive its revenue growth.

U.S. builders stepped up home construction in May and applied for permits to build single-family homes at the fastest pace in five years.

The number housing starts rose 7 percent to an annual pace of 914,000 homes, according to a government report out Tuesday.

Hayes, 33, was arrested by police and the Serious Fraud Office last December as part of an inquiry stretching from the U.S. to Japan.

The Oregon Senate has voted down a $6.55 billion budget for primary and secondary schools after one Democrat and all 14 Republicans said it didn't provide enough money.

The Toronto stock market closed higher Monday as traders bought into stocks beaten down in a string of recent declines while hoping for more clarity from the U.S. Federal Reserve on whether it might start to ease up on stimulus measures.

The economy is showing enough improvement to justify dialing back some of the Fed's life support, yet financial markets are terrified of what might happen and are taking it out on the housing sector.

The number of Canadian homes sold so far this year is slightly higher than projected and it looks as if 2014 will show a rebound, according to a new forecast by the Canadian real estate industry's main association.

While most people dream of the day they can retire, many college professors plan to put it off or work until their final years.

As a child, Jorge Tume used to sit and do homework as his parents cleaned the desks and floors of a concrete company in Miami.

Nine owners and managers of 7-Eleven stores on Long Island and in Virginia were charged on Monday in a scheme to exploit immigrants from Pakistan, including some business-owners who used Social Security numbers of children and dead people on the workers' paystubs.

For the first time in seven years, most U.S. homebuilders are optimistic about home sales, a sign that construction could help drive stronger economic growth in coming months.

Is the housing recovery for real? It looks that way, as a key measure of home builder confidence crossed a major threshold Monday.

The Supreme Court agreed Monday to take another dispute involving race, deciding whether people must prove they were victims of intentional housing discrimination to win lawsuits under federal law.

Disappointing reports about the U.S. economy weighed on Wall Street stocks Friday, as did concerns that the Federal Reserve could announce plans to cut back its stimulus program later in the week.