China output of Japanese vehicles tumbles

Chinese vehicle production from Toyota and other major Japanese automakers tumbled in October amid a territorial dispute between the two Asian powers…

Shanghai stock index: 45-month low

Stock prices in Shanghai continued to slide after Tuesday’s close below 2,000 points, and the Shanghai Composite Index continued its downward trend…

Fiscal cliff impact on homeowners

Unless congress acts by year end, capital gains taxes will go up for homeowners with a lot of equity in their homes. Selling now can make a big difference…

Online shopping surges in US holiday season

Americans were expected to spend $1.5 billion, up 20 percent from last year on Cyber Monday, as retailers have expanded their deals to get shoppers to click on their websites…

Average US credit card debt up in 3Q

An analysis of consumer-credit data shows that Americans are carrying more credit card debt and being less diligent about making payments on time…

US home sales up 2.1% in October

U.S. sales of previously occupied homes rose solidly in October, helped by improvement in the job market and cheap mortgages…

Eurozone slides back into recession

The 17-country eurozone has fallen back into recession for the first time in three years as the fallout from the region’s financial crisis was felt from Amsterdam to Athens…

Most will feel pain from ‘fiscal cliff’

Middle income families would have to pay an average of about $2,000 more next year, the nonpartisan Tax Policy Center has calculated…

Republicans, Democrats face fiscal cliff

After Tuesday’s election, both Democrats and Republicans will be tested by the immediate need for moderation if they are to avoid the feared “fiscal cliff”…

Obama’s victory & the economy

America’s decision to re-elect President Barack Obama over Mitt Romney will affect all that and other elements of the U.S. economy and financial system…