The World Bank on Wednesday said its private sector arm issued about $165 million in 'women's bonds' in the first such sale by the development lender specifically aimed at raising money for businesses owned or run by women in emerging markets. Bonds tied to social or environmental targets are part of a new trend in social finance and follows a green sale of bonds to help cut greenhouse gases in developing countries.
The world economy is gaining strength as global private sector activity hit a one-year high in February, building on the gains of previous months. Momentum is growing in both service and manufacturing industries, with strong improvement in the United States leading the way, according to a new report by JPMorgan.
Residential construction, remodeling, moving, gardening and furniture buying add up to about 20 percent of the country's gross domestic product — which is why the upward momentum in housing, which continues to gain steam, is such a powerful boost to the economy.
A clutch of data pointed to growing momentum in the economy during the first quarter, with jobless claims trending lower and factory activity and homes sales both on the rise.
The Dow Jones industrial average, powered higher all year by optimism that the economic recovery is finally for real, crossed 13,000 today for the first time since May 2008 -- a number with symbolic power that couldn't be dismissed.
Julia Cameron, best known for her landmark book on unblocking creativity, The Artist's Way, has a new book that answers the question, 'How can I live the creative life but still pay my mortgage?'
The White House and the attorneys general of 49 states announced an agreement with the nation's five largest mortgage providers to provide at least $25 billion to address mortgage and foreclosure abuses. It will not only help thousands of working families right now, it will establish new protections for homeowners going forward.
The Nasdaq composite index broke through 3,000 on Wednesday for the first time since the collapse in dot-com stocks more than a decade ago marking the best February on Wall Street in 14 years.
To announce one of the biggest events of their lives, and surrounded by family and friends, Cindy and Mark Hill were introduced Friday as winners in this week's huge Powerball lottery — an extraordinary stroke of luck that gives them half of the $588 million jackpot.
To announce one of the biggest events of their lives, and surrounded by family and friends, Cindy and Mark Hill were introduced Friday as winners in this week's huge Powerball lottery — an extraordinary stroke of luck that gives them half of the $588 million jackpot.
A new bank in a seacoast town on the mouth of the Columbia River in Washington State is Dubbed the country's first environmental bank by its parent, SouthShore Corp. of Chicago, because it is currently reviewing loan applications from businesses eager to use new technology to benefit both their ecological community and their own cash flow.
Instead of getting abuse from state teachers whose pensions were cut, Gina Raimondo, Rhode Island's treasurer, who had quarterbacked the major reform, is receiving praise for saving the system from certain calamity. She is being called a fiscal Hero.
A last minute budget deal keeps Social Security payments arriving on time and parks and museums from having to close for a government shutdown.
Seven years after Bernie Madoff defrauded his investors out of billions, the majority of his scam victims are going to get the rest of their money back, according to officials.
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