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Why High Oil Prices Are Good For Airlines

FINANCE | By Scott Mayerowitz | Sunday Apr 20, 2014
Airline executives frequently complain about fuel costs. But the truth is higher prices actually have been good for business.In the past six years, airlines have overhauled the way they operate to adjust to this new reality.

Roofers installing a roof on a new construction home in Pepper Pike, Ohio.

US Home Building Up in March After Frigid Winter

FINANCE | By Paul Wiseman | Apr 17
U.S home construction rose moderately in March as builders resumed work at the end of a frigid winter. But applications for building permits slid, clouding the outlook for future construction.

Barack Obama

Report Projects Health Care Costs to Dip Slightly

FINANCE | By Andrew Taylor | Apr 16
The Congressional Budget Office predicts that health insurance subsidies under the so-called "Obamacare" plan will total a little more than $1 trillion over the next 10 years, instead of almost $1.2 trillion initially estimated.

Average US 30-Year Mortgage Rate Down to 4.34 Pct.

FINANCE | Apr 11
Average U.S. rates on fixed mortgages declined this week, edging closer to historically low levels as the spring home-buying season begins.

Dr. Salomon Melgen, posing for a photo at the book signing of "Growing American Roots", a book by Sen. Robert Menendez, D-N.J., at the college in Miami.

Top-Paid Medicare Doctors Say They Have Reasons

FINANCE | By Richardo Alonso-Zaldivar, Serdar Tumgoren | Apr 10
Explanations for eye-popping numbers from Medicare’s massive claims database ranged from straightforward to what the government considers suspicious, as the medical world confronted a new era of scrutiny.

US Consumer Borrowing Up $16.5 Billion in February

FINANCE | By Martin Crutsinger | Apr 9
Consumers increased their borrowing in February on autos and student loans by the largest amount in a year. But for a second straight month, they cut back on their credit card use.

US Stocks Rise for the First Time in 4 Days

FINANCE | By Steve Rothwell | Apr 8
Stocks mostly rose Tuesday as investors picked up stocks that had been beaten down recently, including big technology names like Facebook and Google. The market was stabilizing after a three-day slump.

Get Rich Quick Scheme Backfires: Malawi Man Loses Penis to Hyena

FINANCE | By EDGE | Apr 6
A get rich quick scheme backfired when a Malawi man following the instructions of a witch doctor who promised him wealth lost three toes and his penis to a hungry hyena.

Gold Extends Slump as Stock Market Climbs

FINANCE | Apr 2
The price of gold slid for the fifth day in a row Tuesday as an improving economy and a stronger stock market weakens the metal’s appeal.

Ryan Unveils House GOP Budget Claiming Balance

FINANCE | By Andrew Taylor | Apr 2
Paul Ryan unveiled an updated Republican budget plan that would slash $5.1 trillion in federal spending over coming decade and promises to balance the government’s books with wide-ranging cuts in programs for the poor and working class.

’60 Minutes’ Investigates High-Frequency Trading

FINANCE | Apr 1
"60 Minutes" correspondent Steve Kroft revealed Sunday night how a few stock market insiders are making billions in high-frequency trading. Kroft spoke with author of "Flash Boys," about how insiders are raising the costs of stocks for ordinary investors.