Personal Economics
  • Fed officials offer divergent views on inflation risks

    Fed officials offer divergent views on inflation risks

    By Jonathan Spicer and Pedro da Costa, Reuters

    NEW YORK/ROANOKE, Virginia (Reuters) - Federal Reserve officials offered divergent opinions on Monday about the correct stance for monetary policy, differing most sharply on the inflation risk posed...

  • Sex scandal brings negative rating outlook to Penn State

    By Reuters

    (Reuters) - Standard & Poor's Ratings Services revised the outlook on Pennsylvania State University's AA rating to negative from stable, citing financial uncertainty from litigation resulting...

  • The Fiscal Cliff: America’s Wile E. Coyote Moment

    Despite rising consumer confidence – reflected in today’s better-than-expected retail sales report – and pockets of optimism that a deal can be reached to avoid the year-end fiscal cliff, the Bank of...

  • Real Estate Gone Wild – Buy It and Flip It

    By Brady Dennis, The Washington Post

    The house flippers flocking to the real estate market today are often a different breed than the opportunistic investors that helped fuel the housing boom: They're cautious but with their eyes firmly...

  • ACLU sues Morgan Stanley for racial bias over mortgages

    ACLU sues Morgan Stanley for racial bias over mortgages

    By Jed Horowitz, Reuters

    NEW YORK (Reuters) - The American Civil Liberties Union sued Morgan Stanley on Monday, accusing the investment bank of racial discrimination in packaging risky subprime mortgage loans into securities...