The first head to roll following JPMorgan's $2 billion trading blunder is a 30-year veteran of the firm.
Continue reading Heads Roll at JPMorgan Following $2 Billion Trading Blunder.
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JPMorgan's trading mistakes "were self-inflicted, and this is not how we want to run a business," said Jamie Dimon, above, the bank's chief executive. The bank's shares tumbled 9.3 percent on Friday. (Jim Young/Reuters)
JPMorgan Chase faces intense criticism for claiming that a surprise $2 billion loss by one of its trading groups was the result of a sloppy but well-intentioned strategy to manage financial risk.
The financial shocks that began in 2007 prompted a lot of Americans to change their free-spending ways, especially when it came to taking on debt.
Continue reading Americans Feeling More Comfortable Taking On Debt Again .
Paralyzed. That's how Paige Worthy feels when she thinks about budgeting her money.
Continue reading Majority of Young Americans Have Little Financial Knowledge.
One in 10 U.S. children has been or will be affected by the nation's surge in foreclosures, a new report says.
Continue reading Foreclosure Crisis Hits U. S. Children Hard.
Today you might be scrambling through receipts and tax forms before this year's filing deadline. Or maybe you're bragging because you filed your taxes months ago. But chances are, your financial state could benefit from some better planning and increased knowledge of how--and why--we file taxes.
Continue reading How to Make Tax Day a Little Less Miserable.
High gas prices are posted at a Shell gas station in Palo Alto (Paul Sakuma / AP)
More drivers than ever could soon be paying $5 for a gallon of gasoline. But the national average, up sharply in recent weeks, is still expected to top out at about $4.
Continue reading Gas Prices On the Rise: More Drivers Paying $4 for a Gallon.
Taco Bell is about to rub salt -- make that orange Doritos dust -- into its own wounds.
Continue reading Taco Bell Hopes for Success with New Doritos Locos Tacos.
The Labor Department reported Monday that the U.S. jobless rate declined to 8.3% in January, the lowest in three years. Daniela Silvero, left, an admissions officer at ASA College, discusses job opportunities with Patrick Rosarie during a job fair in New York. (Associated Press)
In the most impressive surge for the job market since early last year, the United States added 243,000 jobs in January, far more than economists expected. The unemployment rate dropped to 8.3 percent, the lowest in three years.
Continue reading 243K Jobs Added In Jan.; Unemployment 8.3%.
Continue reading The Root of Spending Problems.
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