Finance :: Saving
Ten years ago in Custard Cup, Il., manufacturing companies like General Motors - that provided thousands of well-paying, middle class jobs - were closing down. But some the city's residents are doing just fine - because they moved.
India's finance minister is urging foreign investors to help plug enormous gaps in the country's infrastructure blamed for holding back growth. "We are waiting for you," Arun Jaitley told a roomful of international and Indian CEOs.
Stocks were mostly lower on Tuesday, led by a drop in energy stocks as the price of oil continued to fall. Investors were also disappointed by earnings outlooks from companies including Priceline and Michael Kors.
Some small business owners say raising the minimum wage will pressure their companies, forcing them to cut employees' hours or jobs. Others say it's the right thing to do for workers and the economy.
Apple CEO Tim Cook said Apple's new mobile payment system had over 1 million activations in the first three days after it became available, and is now more widely used than any competing payment system.
Apple's mobile payment system, Apple Pay, made its debut Monday. Now you can flash your new iPhone in the checkout line to pay for food, clothing and other goods. There's no need to pull out your credit card.
IBM disappointed investors, reporting weak revenue growth again and a big charge to shed its costly chipmaking division as the tech giant tries to steer its business toward cloud computing and social-mobile services. Shares fell more than 7 percent.
U.S. retail sales retreated in September as purchases of autos, gasoline, furniture and clothing slowed, a sign that recent job gains have yet to significantly boost consumer spending.
U.S. consumers increased their borrowing in August in the category that covers auto loans and student loans but cut back on their credit card borrowing.
It probably won't cost as much to stay warm this winter because a repeat of the deep freeze that kept much of the nation shivering last winter is so unlikely.