Marketplace®

Daily business news and economic stories
  • Glug glug glug – cash drains out of stocks

    Money continues to flow out of the stock market. A report by Bloomberg News today cites research by the Investment Company Institute and EPFR…

  • Federal tax forms are distributed at the offices of the Internal Revenue Service in Chicago, Ill.
    Scott Olson/Getty Images

    The IRS says it has dredged up $2.7 billion from people who squirreled cash away in foreign bank accounts and failed to pay tax on it. The news t…

  • 30-year mortgage rate falls again. Good news or bad?

    Freddie Mac announced today that the 30-year mortgage rate has fallen to its lowest level since 1951. It's at 4.09 percent now, which should be…

  • An Apple Store customer looks at the new Apple iPhone 4Gs in San Francisco.
    Justin Sullivan/Getty Images

    iPhone users say they will upgrade to the new iPhone 5….even though Apple hasn't even announced that there will be an iPhone 5. (of course they…

  • Trucks drive along Interstate Highway 90 in Chicago.
    Scott Olson/Getty Images

    Truckers are buying less diesel fuel. A study by Ceridian and UCLA found that diesel fuel purchases fell in July and August, meaning there's less…

  • Corn is cooked during a barbecue.
    Greg Wood/AFP/Getty Images

    The USDA had some bad news for people who like to eat corn-based products today. The hot, dry summer is to blame for what's likely to be a poor c…

  • People make their way past a Bank of America branch at New York's Time Square in New York.
    Emmanuel Dunand/AFP/Getty Images

    The markets buzzed today with reports that Bank of America may have to cut 40,000 jobs. This bad news comes less than 24 hours after President Obama launched a job creation proposal that looks both lackluster and doomed to failure in Congress.

  • Economy going to pot?

    More Americans are smoking pot. That's the finding of a survey by the Substance Abuse and Mental Health Services Administration, which says more …

  • U.S. falls in competitive stakes

    America is now the fifth competitive economy in the world. The World Economic Forum dropped the U.S. one place in its rankings, putting America…

  • Stay cool, America

    The U.S. is still the coolest kid on the block. So says a survey of 30,000 people all round the world by badoo.com. We knew this all the time, of…