Financial & Economic Blog

U.S. stocks turned lower after Friday's open, as some negative quarterly results - particularly in the tech sector - weighed on the markets.

Sure, inflation is scary, but the real boogeyman in the economy is stagflation. Here's the lowdown.

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With commodity, fuel and insurance costs hitting record highs, small-businesses owners are anxious about next week's federal minimum wage hike, which will require employers in 18 states to raise their base rates by 70 cents per hour, to $6.55.

Battered U.S. mortgage finance giant Freddie Mac is mulling a plan to raise capital by selling up to $10 billion in new shares, according to a published report.

Battered U.S. mortgage finance giant Freddie Mac is mulling a plan to raise capital by selling up to $10 billion in new shares, according to a published report.

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Citigroup booked a $2.5 billion quarterly loss Friday, but surprised many as it took fewer painful marks against its books and stayed ahead of Wall Street's dreary earnings projections.

Citigroup booked a $2.5 billion quarterly loss Friday, but surprised investors as it took fewer painful marks against its books and stayed ahead of Wall Street's dreary earnings projections.

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