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The average 30-year fixed mortgage rose 7 basis points to 5.41% for the week ended Feb. 25 from 5.34% the week prior. The benchmark 15-year, fixed-rate mortgage... Read »

Softbank Mobile, the exclusive carrier for the iPhone in Japan, thinks sales need a boost and decided to give anyone who signs a two-year contract a free 8GB iPhone... Read »

The federal budget released Thursday set aside an additional $250 billion if the Obama administration decides to ask for more bank bailout money to complete the... Read »

Calling Bernard Madoff a “crook, a thief, a scoundrel,” Holocaust survivor and Nobel Peace Prize winner Elie Wiesel said on Thursday he could never forgive... Read »

Yahoo’s (YHOO) Chief Financial Officer Blake Jorgensen got the boot today by new CEO Carol Bartz. The web portal submitted an 8-K filing with the SEC Thursday... Read »

The FDIC today announced the conclusion of the sale of $1.45 billion of performing and nonperforming residential and commercial construction loans in distressed... Read »

Finally a Progressive Budget

President Obama’s new budget is, well, audacious — not just because it includes several big, audacious initiatives (universally affordable health care, and... Read »

President Obama projected Thursday a massive $1.75 trillion deficit for the 2009 fiscal year that is equal to 12.3% of U.S. GDP ; the largest share since 1945. In... Read »

The Real Obama Bull Market

“The cost of healthcare eats up more and more of our savings each year, yet we keep delaying reform…we can no longer afford to put health care reform on hold.... Read »

U.S. Census Bureau and the Department of Housing and Urban Development said Thursday sales of new one-family houses in January 2009 were at a seasonally adjusted... Read »

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