For those on the receiving end of federal money, the fiscal discussions in Washington are nothing short of alarming. Already operating under tighter budgets following last year's Budget Control Act, the discretionary programs funded by the federal government will certainly face some kind of cut — deal or no deal. The FT's Christopher Booker reports from New York City where housing and community development programmes are bracing for the worst.
Follow The Daily Ticker on Facebook! Groupon ( GRPN ) shares were under heavy pressure Friday morning -- at one point hitting an all-time low -- after the daily deals company reported another disappointing earnings quarter. Shares of Chicago-based Groupon were falling 23.5% to $3 just after the start of trading. Earlier in the session, shares dropped as low as $2.95
Follow The Daily Ticker on Facebook! Major U.S.
Follow The Daily Ticker on Facebook! Mortgage rates are at record lows and the current rate for a 30-year fixed mortgage stands at 3.34%, according to Zillow Mortgage Rate Ticker.
Follow The Daily Ticker on Facebook! Lehman Brothers filed for bankruptcy four years ago this week, plunging the global economy into chaos and triggering massive bailouts of the financial sector.
Simon Kuper, FT Olympic commentator, and Seb Morton-Clark discuss reaction to tactics used by the eight women's badminton doubles contestants charge with not putting in their best efforts. Related article: http://www.ft.com/cms/s/0/76821f28-dbab-11e1-aba3-00144feab49a.html For more in depth FT coverage of the 2012 Olympic Games in London go to: http://www.ft.com/intl/london-2012-olympics
Follow The Daily Ticker on Facebook! Nearly three in ten Americans have no money saved for a financial emergency, according to a recent survey by Bankrate.com . Twenty percent of people polled said they have less than three months salary saved up for an unexpected financial crisis. That leaves only 42 percent of Americans financially prepared for the proverbial rainy day.
Follow The Daily Ticker on Facebook! It is summer movie season and if you thought Hollywood had pulled out all the stops with 3-D and IMAX 3-D, think again. The 4-D movie experience could be coming soon to a theater near you. What is a 4-D movie?
Follow The Daily Ticker on Facebook! Global energy prices are moving sharply higher Tuesday morning on news that Iran was attempting to disrupt oil supplies by blocking the Strait of Hormuz waterway. Brent crude topped $100 a barrel for the first time in three weeks and U.S. oil futures for August delivery gained nearly 5 percent mid-morning before easing to $87.71 a barrel
Follow The Daily Ticker on Facebook! Enough with all that interesting stuff going on overseas. For too long, the Europeans have been able to grab our attention with their soccer and tennis tournaments, quaint bicycle races, and truly unquaint financial crises. With the latest summit seeming to have resolved, for now, Spain and Italy's sovereign debt crisis, and with Independence Day approaching, it's time for Americans to shift the focus back to what really matters — the short-term fate of the U.S.