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Finance & Economics

Housing Recovery? Not Yet

A bunch of other housing indicators have been pointing to a weakening housing market lately, so rise in the Case Shiller index — up 1 percent compared with the previous month, and up 5 percent compared with May of '09 — was a bit of a surprise.

Are Today's Tax Cuts Tomorrow's Tax Increases?

Next up on Washington's list of Economic Things to Fight Over: the Bush tax cuts. The cuts were passed as temporary measures in 2001 and 2003, and they're set to expire at the end of this year. Congress is trying to figure out what to do.

New low recorded for US rates

Average interest rates for 30-year and 15-year mortgages are at record lows in the US.

One in 10 computers vulnerable to cyber attack

A new report says that cyber criminals attack millions of computers every month and infect approximately 10 percent of them.

Unemployment the most pressing challenge says Bernanke

Federal Reserve chairman Ben Bernanke has vowed to advance the jobs market if US unemployment worsens.

North Korean bank accounts under scrutiny

The United States government has made plans to freeze bank accounts which it believes are linked to North Korean transactions.

Airlines Return To Profitability

The U.S. airline industry is rebounding. For the sixth consecutive month, carriers brought in more money than they did last year.

New regulations signed for US finance

US president Barack Obama has now signed America’s new financial regulations into law.

Nokia reports drop in second-quarter net profit

Nokia, the world's largest mobile phone maker, Thursday reported a drop in its second-quarter net profit amid 'continuing competitive challenges'.

Latin America and Caribbean on the rise again, UN economic survey finds

Latin America and the Caribbean is consolidating its recovery from the global economic slowdown, posting higher-than-expected growth in recent months, although some countries in the region face serious pitfalls, according to a new United Nations...