Jul 3, 2014 9:17am

June Unemployment Rate Drops

Morning Money Memo… The jobs market is heating up with a stronger than expected June employment report today from the Labor Department. The U.S. economy added 288,000 jobs and the unemployment rate dropped from 6.3 percent to 6.1 percent. June was the fifth month in… Read More »

By ABC News

Jun 20, 2014 9:40am

Gold in Demand, Markets Play It Safe Amid Iraq Woes

ABC News’ John Kapetaneas reports: As the Dow slowly creeps its way toward 17,000, European investors are rushing back to the safety of gold, pushing its value up to $1,313 this morning. Markets in Europe and Asia were mixed today, while U.S. markets are looking… Read More »

Jun 18, 2014 11:25am

Vinyl’s Popularity Lifts Turntable Sales

Music aficionados have long touted the virtues of vinyl, arguing that CD’s and MP’3s are no match for the depth and warmth of sound offered by the grooves inside an LP. Now, as the popularity of vinyl soars, companies that cater to the medium are… Read More »

By ABC News

Jun 4, 2014 9:53am

Trade Deficit Up in April

Morning Money Memo … ABC News’ John Kapetaneas reports: The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the U.S. trade deficit rose by $3 billion in April. The government announced total April exports of… Read More »

By ABC News

Jun 3, 2014 8:23am

Obama Seeks $1 Billion for European Defense

By John Kapetaneas Morning Money Memo…  The president announced this morning that the United States has backed a $1 billion fund to fortify European security measurements, calling European security the “cornerstone of our security.” Speaking from Warsaw as part of his four day trip through… Read More »

May 21, 2014 7:59am

More GM Recalls Expected, This Time on Newer Models

Morning Money Memo … The crisis over recalls at General Motors may be far from over. America’s biggest auto manufacturer faces more legal and regulatory questions. GM’s stock price is down 20% this year, and it dropped 3.5% Tuesday after more recalls were announced involving… Read More »

May 7, 2014 4:46pm

5 Bitcoin Warning Signs In New Federal Investor Alert

The U.S. Securities and Exchange Commission today issued an investor alert on Bitcoins, including a laundry list of reasons today why investors should tread carefully and why people who hold Bitcoins might be targeted by scammers. Among the reasons why the feds aren’t bullish on… Read More »

May 7, 2014 12:33pm

Recession-Leery Fed Stays the Course Despite Economic Gains

WASHINGTON – The economy and job market are improving but borrowing rates are expected to remain low for the foreseeable future, the Federal Reserve announced today. And even though unemployment is down to 6.3 percent and “conditions have improved appreciably,” there will be no major… Read More »

Apr 24, 2014 1:08pm

Behind the Billions: 8 Things You Never Knew About Warren Buffett

Warren Buffett, a self-made billionaire known as the “Oracle of Omaha,” was practically born a businessman in 1930 in Omaha, Neb. With money earned from his paper route, he made his first investment at age 11, dabbling in stocks and buying acres of land in… Read More »

Apr 11, 2014 5:40pm

Hoping to Speak to IRS Agent About Taxes? Be Prepared to Wait

The US government wants your tax dollars but if you call in with a question — ie., about how to fill out specific forms — good luck getting an answer. Your wait time could be between 30 minutes and an hour. Talk about a taxing… Read More »