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Business :: Finance

House Passes Tax Breaks to Boost Charitable Giving

FINANCE | By Stephen Ohlemacher | Monday Jul 21, 2014
The House passed a package of tax breaks designed to boost charitable donations by seniors, private foundations and procrastinators. One provision provides tax breaks to people over 70 who make donations from their individual retirement accounts.

Bull Run Continues for Most Mutual Funds in 2Q

FINANCE | By Stan Choe | Jul 14
Go ahead and open the latest quarterly statements from your mutual funds when they arrive. It'll likely be painless, just like it was a quarter ago. And the quarter before that. And the quarter before that.

Credit card decals on a store window in the Hollywood section of Los Angeles.

US Consumer Borrowing Rises at Slower Pace in May

FINANCE | By Josh Boak | Jul 10
Consumers increased their borrowing at a slower pace in May compared to the prior month. Overall credit rose by $19.6 billion in May, down from a gain of $26.1 billion in April, said the Federal Reserve.

Kentucky Democratic Senate candidate Alison Lundergan Grimes speaking in Louisville, Ky. Grimes has released her first attack ad, mischaracterizing Sen. Mitch McConnell’s voting record on overhauling Medicare.

Fact Check :: Grimes Releases First Negative TV Ad

FINANCE | By Adam Beam, Calvin Woodward | Jul 9
Shaky claims about Medicare were common in the 2012 campaign, from President Barack Obama on down. Now they’ve surfaced in this year’s midterm elections, in one of the hottest Senate races in the country.

Home for sale in the Coconut Grove neighborhood in Miami.

Average Rate on 30-Year Mortgages Dips This Week

FINANCE | By Martin Crutsinger | Jul 8
Average U.S. mortgage rates are near historically low levels. Mortgage company Freddie Mac said Thursday that the nationwide average rate for a 30-year loan dipped to 4.12 percent, down from 4.14 last week.

With Decimal Mistake, Students Become Millionaires

FINANCE | By Kimberly Hefling | Jul 7
Low-income students have inadvertently presented themselves as millionaires on an application for federal financial student aid - making it less likely they will qualify for grants and loans.

Yes You Can: 5 Tips to Beef Up Your Savings

FINANCE | By Alex Veiga | Jul 4
Financial freedom isn’t always about possessing great riches. For some, it can be as simple as getting a bit more breathing room from financial constraints like their rent, car payment and other living expenses.

In this Friday, June 20, 2014 photo, people walk around a shopping mall in west London.

Ramadan Rush: Before Holy Month, Shopping Frenzy

FINANCE | By Sylvia Hui | Jun 28
London has long attracted big spenders. But every year around the holy month of Ramadan, which starts this weekend, a wave of spectacularly rich Middle Eastern shoppers arrives and takes retail therapy to a whole new level.

Who Put Sleeping Pills into Wall Street’s Water?

FINANCE | By Bernard Condon | Jun 24
In a world suddenly more dangerous, you’d think fund managers and traders would be selling and buying and selling again in a frenzy of second-guessing. Instead, they’re the picture of calm and contentment.

Unemployed LGBT Seniors Face Many Obstacles

FINANCE | By Brian McNaught | Jun 21
The people who live these nightmares most often are older workers who, regardless of their sexual orientation or gender identity, have watched the depletion of their savings, and the diminished value of their skills.

Starbucks barista Linsey Pringle prepares a cup of coffee at a Starbucks Corp. store in Seattle.

Starbucks Clears College Degree Path for Employees

FINANCE | By Candice Choi | Jun 19
Starbucks is giving its baristas a bargain on an online college degree. The company is partnering with Arizona State University to make an undergraduate education available at a steep discount to 135,000 U.S. employees who work at least 20 hours a week.