WASHINGTON (AP) — Despite what you may have heard, China isn’t the country’s biggest creditor. America is.
NEW YORK (AP) — A free vacation could be in the cards.
The U.S. trade deficit narrowed sharply in December because exports rose while oil imports plummeted. The smaller trade gap means the economy almost surely grew in the October-December quarter — an improvement from the government's estimate last week that it shrank in the final months of 2012.
Sometimes, the devil is in the deals. Americans shopped the winter clearance racks in January, resulting in strong sales during the month for retailers. But spending is expected to slow as the deals dry up heading into the spring, and Americans digest rising gas prices and a 2 percent payroll tax hike that started in January.
Gretel-Ann Fischer already told customers that she won't accept credit cards for purchases under $5 at her Vermont bakery. The last thing she wants to do is anger them by passing along the transaction fee she has to pay each time they use plastic.
Economists predicted slow and steady growth for the Alaskan and the national economies at World Trade Center Alaska’s annual economic forecast presentation on Jan. 22.
Stocks rose on Wall Street in midday trading Friday after Procter & Gamble and Starbucks posted strong earnings reports.
BOSTON (AP) — A safe route around the “fiscal cliff” continues to elude Congress and the White House.
WASHINGTON (AP) — American consumers have shown about as much appetite for the $1 coin as kids do their spinach. They may not know what's best for them either. Congressional auditors say doing away with dollar bills entirely and replacing them with dollar coins could save taxpayers some $4.4 billion over the next 30 years.
BOSTON (AP) — Timing matters. All too often investors succumb to the temptation to buy a stock that’s been a hot performer, only to get in when it’s about to go cold.