| Jul 28, 2014
| 2:30 AM
The biggest surprise in financial markets this year is the strong performance of bonds. You may recall that bond prices fell (and yields rose) last year after the Federal Reserve began to reverse its easy-money policies. With yields still near...
| Jul 28, 2014
| 9:45 AM
Northwestern University law and political science professor Andrew Koppelman moves past the absurd legal theory underlying the Halbig ruling on the Affordable Care Act -- in which a federal appeals court invalidated subsidies provided to insurance...
| Jul 28, 2014
| 9:00 PM
There's rough weather ahead for the federal budget and the nation's economy, according to this month's long-term forecast from the nonpartisan Congressional Budget Office. The CBO projects the growing national debt will reduce Americans' incomes, raise...
| Jul 29, 2014
| 12:02 PM
Crusaders know they're nothing without something to crusade against. That's undoubtedly why hedge fund billionaire Peter G. Peterson keeps harping on the federal debt.
It's the same reason that army generals talk up the capabilities of national enemies,...
| Jul 30, 2014
| 9:29 AM
CME Group Inc, the world's largest futures exchange operator, will buy derivatives broker GFI Group Inc to expand its reach in the European energy and global foreign exchange markets, CME said on Wednesday. CME, owner of the Chicago Board of Trade and...
| Jun 26, 2014
My column today on the latest twist in the credit card interest rate scam hit home with a lot of people, and I'm starting to see a trend emerge. I've heard from about a dozen people today who have received......
| Aug 21, 2013
Re “A big push for DWP contract,” Aug. 17, and “Accountability and the DWP,” Editorial, Aug. 16
I have nothing against the Department of Water and Power nor the International Brotherhood of Electrical Workers Local 18. I believe...
| May 28, 2014
| 6:25 AM
A top Federal Reserve official says he's "not in a rush" to start raising the central bank's rock-bottom interest rates despite his view that the economy is improving after a weather-related winter slowdown.
Dennis Lockhart, president of the Federal...
| May 13, 2014
| 5:16 PM
Traders may have made up to $256 million in illicit profit by getting early word of the Federal Reserve’s decisions to loosen or tighten the money supply, according to researchers at Singapore Management University.
The researchers cited “...
| Apr 23, 2014
| 6:47 PM
Even though the recent financial crisis is barely in the rearview mirror, risk is starting to build once again in both the U.S. mortgage and housing markets.
Contrary to the prevailing view that only borrowers with pristine credit records can get a...
| Apr 24, 2014
| 8:06 AM
Heavy spending to repair more than 6 million vehicles in the first quarter triggered an 88% plunge in General Motors Co. earnings for the period, compared to a year earlier.
The nation’s largest automaker said it earned just $108 million, or 8...