Economy

Europe pays farmers to destroy food hit by Russian ban

European farmers will be paid to destroy fruit and vegetables, or give them to charity, to prevent prices collapsing after Russia banned imports.  More

Ferguson restaurants see sales plummet 50%

Local Subway and Quiznos franchises are losing up to 60% of daily sales because of crowded parking lots and fearful residents.  More

China targets executive pay at state-owned firms

President Xi Jinping has pledged to limit executive pay at China's powerful state-owned companies.  More

Money divides blacks and whites in Ferguson

Across the country, racial segregation between communities is often coupled with a wide economic divide between blacks and whites. Ferguson, Missouri is no exception.  Play

Does the $100 bill need to go?

The U.S. "Benjamin" is a favorite of criminals.  More

U.K. CEOs make 131 times more than workers

Chief executives of big British companies were paid 131 times their average employee wage in the last financial year, according to new research.  More

8 job killing companies

Despite the stronger economy, these companies have slashed thousands of jobs this year.  More

More teens are hearing 'You're hired!'

Youth unemployment falls to 13.5% in July, the lowest summer level since the recovery began.  More

Ferguson's economy: Tough times, but with signs of progress

Ferguson's economy has both a high poverty rate for many residents but some signs of economic success as well.  More

Putin factor snuffs out European growth

European growth evaporated in the second quarter, as Russian meddling in Ukraine helped send the German economy into reverse and France stagnated.  More

Big dogs suffer as Hong Kong status symbols

Large dogs are the ultimate status symbol in Hong Kong -- owning one conveys you're rich enough to afford a giant house in the densely populated city where real estate prices are sky high.  More

Mexico puts out the welcome mat for Big Oil

Mexico is opening up the its vast oil and gas reserves to private investment, ending a 76-year state monopoly.  More

7 surprising things about corporate taxes

Politicians are concerned U.S. companies are trying to dodge their fair share of taxes. But the real problem is the outdated tax code. Here's a cheat sheet for sounding smart at your next Washington cocktail party.  More

I'm 57 and owe $152,000 in student loans

Rosemary Anderson represents the 50-and-over crowd, who owns 17% of the $1.2 trillion outstanding student loan debt -- a 30% increase since 2005.  More

Fake IRS callers take $5 million from victims

The IRS says a phone scam has duped 1,100 victims out of $5 million.  More

These resume lies are whoppers

Most hiring professionals say they have caught lies on resumes and some are more creative than others.  More

How close are you to a 1%-er?

Check out where you rank against 1%-ers like Warren Buffett and Bill Gates.  More

Japan GDP growth collapses amid sales tax shock

Japan's economy suffered its worst contraction since 2011 in the second quarter after a sales tax hike went into effect.  More

Wages are falling in this booming economy

Britain's economy is growing faster than any other developed nation, but you wouldn't know it by looking at your pay packet.  More

Government breaks up ring that circulated counterfeit $100s for 15 years

Charges announced for 13 defendants charged with passing at least $77 million of sophisticated bills.  More

Slowing the school 'summer slide'

While at Cornell University, 22-year-old Karim Abouelnaga started a summer enrichment program with a mission to close the achievement gap. Slowing the school 'summer slide'  Play

Iraq crisis: Why aren't gas prices spiking?

Iraq is on the brink of an all-out war, yet oil prices are still below $100 a barrel. How is this possible?  More

Cafe charges customers 35 cent "minimum wage fee"

Diners are mad about the way a Minnesota restaurant is passing along the costs of a new minimum wage law.  More

The 'Disney economy' is back

Visits to Disney World and Las Vegas are up. It's another sign the U.S. economy is improving  More

Corporate America's 'report cards' are strong

Earnings and sales have been better than expected in the second quarter. In short, companies are doing very well lately.  More

Kansas runs afoul of the SEC over pensions

Regulator says state didn't tell investors how badly state employee pensions were underfunded  More

Spending on Senate barbershop trimmed 50%

Taxpayer-subsidized haircuts are a little known congressional perk, but government spending on lawmaker grooming has fallen sharply.  More

Thanks Putin! Market correction has begun

Germany's main stock market index has dropped 11% from its June peak as investors worry that an escalating trade war with Russia will hurt the economy.  More

The price of Russia's food import ban

Russia's ban on food imports could cost Europe billions in lost exports while pushing up prices at home.  More

Under Obamacare, some workers to be auto-enrolled in health plans

An Obamacare provision that could be implemented as early as next year requires employers with 200-plus workers to enroll them in employer health insurance. Employees could opt-out.  More

Obama wants to plug tax 'loophole'

It is a change of tone for the administration, which even recently has seemed cool to proposals that do not require congressional action.  More

Job searching crushed my soul

For 3 million Americans considered long-term unemployed, looking for a job can be depressing work, and is terrible for mental health, studies show.  More

University president takes $90,000 pay cut to give 24 workers a raise

It will boost pay for 24 low wage workers on campus, including custodians, grounds keepers, and clerical workers. They will now earn $10.25 an hour, up from Kentucky's minimum wage of $7.25 an hour.  More

'The Big Bang Theory' actors get $25,000 an hour

Just how sweet of a deal are 'The Big Bang Theory' actors getting? They now make more per hour than big-time corporate lawyers.  More

Obama tells rich: Keep your fancy homes

In an interview with The Economist, the President talked about why he worries about income inequality and other things.  More

Russian chill gives Europe the shivers

Fear of a trade war with Russia over the crisis in Ukraine is sending a chill through Europe's fragile economy.  More

Youngest car shoppers are buying more cars

Generation Y car shoppers are buying more new cars than the older Generation X.  More

BMW sales top one million. Thanks China!

China's love of luxury cars continues unabated, helping drive BMW sales to a record one million vehicles in the first half of 2014.  More

Obama's favored African nation hits the skids

The small west African nation is seeking help from the International Monetary Fund.  More

What I did after losing my job

Frustrated with their job searches these workers decided to stop looking for traditional jobs. Some retired, while others are reinventing themselves.  More

Lowest August gas prices in four years

Gas prices are also forecast for four-year lows at year's end.  More

India move halts $1 trillion trade deal

A trade deal that could have added $1 trillion to the world economy has collapsed after India refused to ratify a pact struck last year in Bali.  More

Construction workers on jobs: 2009 vs. now

CNNMoney revisits a labor union that it profiled in 2009, during the depths of the recession. Now times are better as construction work is beginning to pick back up in northern New Jersey.  Play

Jobs recovery marches on, but at slower pace

The U.S. economy added 209,000 jobs in July. But that's lower than the number of jobs added In June ... and it was not as strong as what economists expected.  More

Middle class jobs are finally coming back

It took a long time, but middle class jobs are finally on the upswing.  More

Red Lobster bets on fancier-looking plates to turn things around

But Red Lobster is pulling back from deep discounting and presenting food on the plate in a more vertical fashion, in the manner of upscale restaurants.  More

RadioShack's days are numbered

With RadioShack burning through cash, investors and credit rating agencies believe its days are numbered.  More

There are a lot more 50-somethings working 3 jobs

At an age when they should be thinking about retirement, these workers are working harder and in more jobs than ever.  More

Russia sanctions: West's top 15 targets

Here are the 15 most significant targets of U.S. and European sanctions:  More

BofA hit with $1.3 billion mortgage penalty

The case involves bad mortgages sold by Countrywide Financial ahead of the Great Recession and its multi-billion dollar rescue by Bank of America.  More

Europe hits Russia's biggest banks

Europe cranked up the pressure on Russia on Thursday by including the country's top two banks on a list of sanctions.  More

Women on U.S. currency? 'A pretty good idea,' says Obama

After a young girl wrote a letter to President Barack Obama asking why women aren't on more currency, the discussion has gone viral.  More

Wall Street wants tax holiday to be a QE4

A tax holiday could juice stock prices just as the Federal Reserve is unwinding its quantitative easing program of massive bond purchases. It could also stop more tax-avoidance inversion deals.  More

Walmart: 'Going to a very dark place'

Goldman Sachs downgraded Walmart -- and made the case that big-box retail is quickly losing ground to the Internet.  More

Federal Reserve stays on cruise control

The economy is strengthening but the Federal Reserve is sticking to its plan to gradually cut back on stimulus. There were no hints about when a rate hike may be coming.  More

U.S. losing tech talent to Canada

Restrictive immigration policies prevent talented entrepreneurs from launching businesses in the U.S. So, they're moving to Canada.  More

U.S. economy bounces back sharply

The economy grew at a 4% pace in the second quarter, a rebound from the big, weather-induced decline in the first quarter.  More

No deal: Argentina's default is imminent

Talks between Argentina officials and the country's bondholders fell apart hours before the midnight deadline.  More

Amgen joins job-cut parade

Amgen is the latest to continue corporate America's cost cutting strategy, even as the economy is supposedly on the mend  More

Employees wrestle with management for control of Market Basket supermarkets

Employees of the New England supermarket chain are demanding the reinstatement of their boss who was recently ousted from the family-owned company after a lengthy struggle for control with his cousin.  More

Sick leave policies pick up steam

San Diego, Calif., and Eugene, Ore., city councils approve measure to require paid sick leave for workers.  More

Medicare's outlook improves as health spending slows

New annual report from U.S. government shows the long-term prognosis for Medicare has improved thanks to slower health spending, while the outlook for Social Security remains unchanged.  More

Home price increases continue at slower pace

Prices are up at 9.3% annual rate in May, according to S&P/Case-Shiller home price index, marking the sixth straight month the rate of increase has slowed.  More

There's no place like the economy

Is the economy back on track after a weak first quarter or about to get blown away? Investors will find out when the curtain is drawn on jobs and GDP data. There's also a Federal Reserve meeting.  More

America's disabled struggle to make ends meet

Americans with disabilities face huge financial hurdles and it starts early on, according to a recent report.  More

Mary Poppins won't work for minimum wage

A parody from Funny or Die features Kristin Bell as Mary Poppins, who refused to work for $7.25 an hour.  More

8 rights of pregnant women at work

Firing a woman because she's pregnant is illegal. So is refusing to hire pregnant women or discriminating against mothers who are pumping breast milk on the job.  More

Smart people buy generic brands

Americans are wasting about $44 billion a year on name brands, when they could be buying the exact same products if they switched to cheaper store brands, says a new paper by economists from Tilburg University in the Netherlands and the University of Chicago.  More

Russians pay higher price for isolation

Russia is paying an ever higher price for its growing isolation over the crisis in Ukraine.  More

Thanks Obamacare! Check is in the mail for 6.8 million people

The government says health insurers are charging lower premiums, thanks to a provision in Obamacare.  More

Global economy still limping along

The world economy is still stuck in low gear even as the risks to growth mount, the International Monetary Fund says as it cuts its 2014 forecast.  More

Argentina is now very close to default

Argentina will default in just a few days unless the country can strike a deal at the eleventh hour with holdout creditors.  More

Rotten bosses come in at least 6 different flavors

CNNMoney readers rip managers who micromanage to death, play favorites, throw their staff under the bus and steal credit for their work.  More

Your mail delivered. After dark.

With cost-cutting at the U.S. Postal Service more letter carriers are working later and later to deliver your mail. About 38% of mail is delivered after 5 p.m. in cities nationwide. And areas like Atlanta, Washington and South Florida, it's 70%.  More

Why is Belgium buying so many U.S. bonds?

Belgian holdings of U.S. debt have skyrocketed in the last year, though many suspect China is the reason why.  More

China's factories power ahead to 18-month high

Manufacturing activity is at an 18-month high in China as factories roar to life after a dismal start to the year.  More

When U.S. companies dodge taxes, is it unpatriotic?

Corporate inversions are on the rise. A U.S. company can greatly lower its tax bill by merging with a foreign firm and legally moving its headquarters abroad. Lawmakers from both parties are unhappy with the trend and want to change the rules. In the meantime, some are saying the move is unpatriotic.  More

Face of Obamacare subsidy: $3,600 at stake

One recently retired airline worker on Obamacare said his tax credit for 2014 will return him $3,600 for the year, or 23% of his annual income. He's watching the dueling court rulings closely.  More

Obamacare confusion for 4.7M Americans

Two opposing court rulings issued Tuesday sowed confusion about whether 4.7 million Americans can keep their Obamacare subsidies.  More

Avoid the rush! Some ERs are taking appointments

Hospitals are hoping online ER appointments will help attract patients anxious to avoid long waits in a crowded and often chaotic environment.  More

Indonesia markets cheer Widodo victory

Indonesian markets rallied Wednesday morning after government officials declared Joko Widodo as the winner of the country's second-ever presidential election.  More

It's 'peanut butter jelly time.' PBJ costs fall

Food prices have been rising, but don't fear: Not all groceries are more expensive. All the fixings for peanut butter and jelly are cheaper now than they were a year ago.  More

Europe threatens Russia with tough sanctions

Europe has threatened Russia with tough economic sanctions if it fails to halt the flow of arms to rebels in Ukraine and cooperate over the Malaysia Airlines crash.  More

Sanctions: Top 10 Russian targets

As Europe edges toward tougher sanctions on Russia, here's a list of the 10 most important companies and businessmen already targeted by the U.S.

You're more likely to get a raise now

Workers rejoice: Economists say their companies are granting more pay raises this year.  More

Military family groceries won't be cut, for now

The Senate joined the House and backed off plans that would have forced grocery stores for military to offer fewer discounts due to slashed budgets.  More

Detroit's turnaround is moving fast

Voting results due Monday will determine if Detroit can emerge quickly from the nation's largest municipal bankruptcy.  More

Look out: 'Burrito inflation' is here

Many big restaurant chains and food companies have announced price hikes recently as wholesale prices for many basic ingredients have soared.  More

Only 63% of adults are in labor force

The job market is improving, but don't get your hopes up that the labor force participation will rise significantly anytime soon.  More

Billionaire suggests 3-day work week

Carlos Slim, world's 2nd richest man, advocates three-day work week along with longer work days and later retirement age.  More

Fed hawks: Start draining the punch bowl!

In the last week, three vocal Federal Reserve officials have been urging their colleagues to stop filling up the proverbial punch bowl.  More

Ukraine may need new bailout

The conflict in eastern Ukraine is driving the economy even deeper into crisis and could force the government to seek another international bailout.  More

Homeless valedictorian moves to dorm

Homeless valedictorian leaves shelter for college dreams  More

Obamacare help was in high demand

Americans needed help from enrollment counselors to sign up for Obamacare, a new study shows. Many required up to two hours of assistance.  More

Yellen on human toll of unemployment

Federal Reserve Chair Janet Yellen on the 'exceptional psychological trauma' of being unemployed.  Play

Yellen: Economy still needs Fed stimulus

Although the job market is improving, it's still not strong enough to fully satisfy Federal Reserve Chair Janet Yellen.  More

Homeless valedictorian moves to college

Follow 18-year-old Rashema Melson on her journey from a D.C. homeless shelter onto one of the country's most prestigious college campuses, Georgetown University.  Play

China economic growth picks up by a hair

China's economic growth picked up slightly more than expected in the second quarter, amid continued worries over the country's runaway real estate sector.  More
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