Warren Buffett came to the rescue of Bank of America, the giant financial services company that faces a range of legal and financial problems. Buffett said Thursday he would invest $5 billion in the company and could buy more shares down the road.
Shoppers may not have to worry about bulging wallets stuffed with old, crumpled receipts much longer. Retailers have found a solution — e-receipts — though it may come at a price.Apple has been doing this for years now; Nordstrom and Patagonia have also made the switch.
While housing demand sputters among Americans, foreign buyers are flocking here for cheap deals.For the 12 months ending in March, sales to foreign buyers totaled $82 billion, up from $66 billion in 2010, according to the National Association of Realtors.
The Justice Department is investigating whether Standard & Poor's improperly boosted ratings on mortgage securities that later turned out to be toxic, helping trigger the worst financial crisis in decades.NPR has confirmed the investigation, first reported Wednesday by The New York Times.
It may seem hard to believe after such a tumultuous week on Wall Street, but economists do see a few bright spots.For one, Americans with good credit scores can get some of the best housing bargains in decades.