By now we have heard a lot about Donald Trump's tax write-offs, but do we really understand the hypocrisy of the tax code? In Tucson, thousands suffered through major financial losses when their homes were foreclosed during the Great Recession. They actually got taxed on their losses; those at Trump's level can write off their losses against future income for years. Read more»

More jobs, higher paychecks, falling fuel prices: Our latest scorecard. Read more»

Corporations and stockholders are still prospering under Barack Obama’s presidency, while the economy steadily adds more jobs and millions sign up for health insurance under Obamacare. Wages remain stagnant for those who have jobs, and there are still 3.7 million who have been jobless for six months or more. U.S. oil production is booming and dependence on oil imports is plunging, but the national debt has now almost exactly doubled under this president, and historically large deficits continue. Read more»

Anyway, Facebook shares will be priced at $38, valuing the company at $104 billion. Read more»

U.S. stocks recorded their biggest first-quarter point gain in 14 years Friday. Read more»

The Dow Jones industrial average and S&P 500 index had their worst Thanksgiving week since the markets began observing the holiday in 1942, with the Dow losing 4.8 percent and the S&P slumping 4.7 percent. Read more»

Stocks dropped Monday, with the Dow Jones industrial average down over 300 points, as Congress’ debt talks are falling apart. A 12-member bipartisan panel was assigned to cut $1.2 trillion from the federal deficit by Wednesday but it seems the panel is ready to admit it has failed much sooner. Read more»

U.S. stock markets reacted wildly Tuesday to the U.S. Federal Reserve's statement that it will keep short-term interest rates low through 2013. Read more»