Consumer Report Economy
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 »

By ABC News

Apr 11, 2014 10:07am

High-Priced Wine Boom in China? That’s Rich, Some Say

By Geraldine Ding BEIJING – China is now the second-biggest consumer of high-priced wine in the world, according to a  report in the South China Morning Post. Already the world’s largest red wine consumer, drinkers in the country now trail only those in the U.S…. Read More »

Consumer Report
Apr 11, 2014 8:31am

Wall Street Chill

Morning Money Memo: Is it sentiment or fundamentals? That’s the question facing Wall Street after a sharp stock market sell-off. The Nasdaq index dropped 3.1 percent Thursday, its biggest decline in nearly two and a half years. Stock futures fell again this morning. Many of… Read More »

Apr 10, 2014 4:37pm

3 Ways Countries and Companies Are Making the Work Day Work For You

What if there was a way to make your work day work for you? For people who have trouble unplugging from their smartphones and can’t stop themselves from working on weekends, here are three innovative ways some companies — and even countries — are stepping… Read More »

Consumer Report
Apr 10, 2014 9:14am

Obamacare May Cut Auto Insurance Rates, Study Says

Morning Money Memo… Obamacare may lower the cost of car insurance. A new study from the respected RAND Corporation says the price of several different types of coverage, including business liability, workers’ compensation and auto insurance may be reduced. That’s because those policies often pay… Read More »

Apr 9, 2014 9:10am

Toyota Recalls 6.39 Million Vehicles

Morning Money Memo… The world’s biggest auto company has announced one of the most sweeping series of recalls in recent years. Toyota is pulling back 6.39 million vehicles worldwide for problems with nearly 30 models. Some were recalled for more than one flaw. Toyota’s share… Read More »

By ABC News

Consumer Report
Apr 8, 2014 11:40am

Chinese ‘Chicken Cup’ Breaks Auction Record

A dainty cup decorated with a rooster and touted as the “holy grail” of Chinese art sold for a record $36 million at a Sotheby’s auction today. The Meiyintang Chnghua “chicken cup” was purchased by Shanghai art collector Liu Yiqian at Sotheyb’s Hong Kong spring… Read More »

Apr 8, 2014 8:12am

$6 Billion Jury Award Over Diabetes Drug

Morning Money Memo… A Louisiana jury has ordered an international drug firm to pay one of the largest corporate fines in U.S. history. Takeda Pharmaceuticals, Japan’s biggest drug-maker, has been hit with $6 billion in punitive damages for hiding a possible link between a best-selling… Read More »

Consumer Report
Apr 8, 2014 3:00am

Prepaid Debit Cards: Which Have the Lowest Fees?

Prepaid debit cards provide consumers a convenient way to spend within a limited budget, without the credit history needed for credit cards. But the debit cards, often essential for low-income households who don’t have bank accounts, can come with a price. Personal finance website… Read More »

By ABC News

Apr 7, 2014 9:44am

Honey Maid Counters Same-Sex Ad Backlash With Unapologetic Sequel

ABC News’ Paula Fairs reports: When graham cracker brand Honey Maid released an ad featuring gay and interracial couples, it received tremendous backlash. In response to the hateful outpouring, company owners have released a new ad that reinforces their earlier message. The first ad, titled… Read More »