| Jun 5, 2014
| 4:55 PM
In a bid to spur growth and avert the dangerous threat of deflation in the sluggish Eurozone economy, the European Central Bank cut its benchmark interest rate to a record low and took the unprecedented step of lowering the bank deposit rate below zero....
| Jun 15, 2014
When the central bank announced the big change, those of us who had squirreled away what we had earned over the years naturally were concerned about the effect on our savings plans.
Maybe we view our account as an emergency fund. Or it figures in our...
| Mar 28, 2014
| 8:21 AM
WASHINGTON -- Consumer spending increased last month the most since November as Americans appeared to start shaking off the effects of severe winter weather.
Spending rose 0.3% in February, up from 0.2% the previous month, the Commerce Department said...
| Mar 25, 2014
| 6:32 AM
WASHINGTON -- Top Federal Reserve officials said financial markets overreacted to Chairwoman Janet Yellen's comments last week indicating the central bank could start raising interest rates early next year.
In speeches and interviews, the officials...
| Mar 17, 2014
| 1:58 PM
Nearly 14 billion years ago, in a tiny fraction of a second after the Big Bang, the universe suddenly expanded from smaller than an atom to 100 trillion trillion times its original size, faster than the speed of light. This mysterious period, known as...
| Mar 19, 2014
| 6:07 AM
WASHINGTON -- Janet L. Yellen, who broke the Federal Reserve's glass ceiling, marks two more milestones Wednesday, wrapping up her initial policymaking meeting as chairwoman then facing reporters' questions for the first time since taking office last...
| May 21, 2014
| 2:30 AM
Baby boomers face a dilemma: At a time when long-term-care insurers are shrinking coverage, more boomers than ever are recognizing the need to protect their retirement savings from potentially devastating costs. Big players have withdrawn from the market,...
| Mar 17, 2014
| 11:56 PM
Scientists staring at the faint afterglow from the universe's birth 13.8 billion years ago have discovered the first direct evidence for the theory of cosmic inflation — the mysterious and violent expansion after the big bang.
The findings, made...
| May 19, 2014
| 2:30 AM
My house is many things, but from outward appearances it's mostly a cross between a book depository, a recycling center and a biology lab that can't afford Petri dishes and decided to use leftover plastic ware from Chinese take-out.
One thing a house...
| Mar 18, 2014
| 6:43 AM
WASHINGTON -- Despite a sharp jump in food costs, consumer prices increased just 0.1% last month in an indication inflation remains in check, the Labor Department said Tuesday.
Over the previous year, the consumer price index has risen 1.1%. The...
| Apr 15, 2014
| 8:08 AM
Food and housing costs rose sharply in March, but overall inflation remained low, the U.S. Bureau of Labor Statistics reported Tuesday.
The federal government's consumer price index rose 0.2% in March, a measurement that shows average price changes in...