Finance

Wall Street is heading back up, thanks to bank stocks and confidence on the part of the Fed. Commodities are also lending an unexpected boost, and apparel retailer Aeropostale posted strong fourth-quarter numbers.

Some positive economic indicators of the day: the stimulus package is working, says top economic official; the trade deficit is narrowing; and if recent trends are an indication, the S&P 500 is poised for a rebound.

Inspired by M-Pesa, a cell phone payment system used in Kenya, Txteagle plans to get unemployed Kenyans working on small tasks via text message.

Delaware may institute legalized sports wagering by the end of the year, which could prompt a change in federal law.

U.S. retail sector's February figures outpaced analysts’ expectations, Buffett sees potential for domestic investment and a former venture capitalist sees flush funding for new “virtual world” sites.

Bernard Madoff pleaded guilty to 11 charges made in connection to his multi-billion dollar Ponzi scheme. He was sent directly to jail to await sentencing.

Among the latest positive financial headlines: clothing retailer Buckle and online education company American Public Education had positive numbers for Q4. Financial markets may get a boost if the uptick rule on short selling is reinstated.

Japanese technology manufacturer Hitachi has agreed to plead guilty to fixing prices on LCD screens sold to Dell for computer monitors.

During the deepest recession since the Great Depression, points of economic hope remain. FindingDulcinea has launched a column featuring positive economic and financial indicators.

In the face of a major economic downturn, Icelanders turn to their crafty sides and create homemade goods both to sell and use for themselves.

Amid the economic downturn, the principles of Islamic finance are getting more attention from several quarters, including the Catholic Church.

Italian Minister of Economic Development Claudio Scajola has vowed to put “interventions” in place by mid-March to boost the country’s iconic but flagging fashion industry.

In exchange for a $30 billion bailout, AIG agreed to hand over control of two of its divisions to the U.S. government. The agreement marks the company's third federal bailout in five months.

After the federal government raised its stake in Citigroup, the institution announced that it’s converting much of its preferred stock to common equity.

The Financial Nut wants to get your “financial IQ” in order. The author aims to learn alongside his readers, and the blog offers strategies for building a better financial present and future.

The IRS slapped UBS with a lawsuit accusing the Swiss bank of abetting as many as 52,000 U.S. taxpayers in tax evasion. Is this the end of Swiss banking’s trademark opacity?

With tax season upon us, many Americans wonder how the new bill will affect their wallets.

The House of Representatives passed a version of the stimulus bill retooled by a joint Senate-House committee on Friday. But on what is the $789.2 billion package being spent?

The database will further limit a press that is already subject to heavy government oversight.

The Senate passed the $838 billion stimulus package Tuesday in a 61-37 vote. Members of the House and Senate will meet to hash out the package’s final details.

Humor is taking center stage as an outlet to deal with stress during this latest recession.

Days after the Obama girls wore J. Crew coats during the presidential inauguration, the retailer rose in both fashion and financial stock.

Prime Minister François Fillon announced a $31.1 billion stimulus package, making France the latest country to adopt fiscal policy akin to America’s Depression-era “New Deal.”

The stimulus package, approved in the House last week, goes on to the Senate floor this week. But will add-ons and pork hold up its passage—and America’s economic rebound?

The current economic crisis has brought fashion mainstays such as Betsey Johnson and Vera Wang to opt out of having full shows during this February’s New York Fashion Week.

Layoffs are often the go-to for corporations looking to shore up their share prices. But in this recession, that has not been the case. What can companies do to keep their stock prices high?

The Congressional Oversight Panel released a report Thursday detailing regulatory slip-ups leading to the current recession. What action, if any, will the Obama administration take?

In an almost completely partisan vote, the House of Representatives voted to push through an $819 billion stimulus bill that now heads to the Senate. But what exactly is in it?

A financial blogger’s accurate predictions of the economy’s slide has landed him in a South Korean prison, after the government blamed a $2 billion loss on him.

Geir Haarde resigned as Iceland’s prime minister Monday, and today a new government, led by the left-leaning Social Democratic Alliance party, was formed.