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    Daniel Gross

    Daniel Gross

    Daniel Gross joined Yahoo! Finance in the fall of 2010 as columnist, economics editor, and a co-host of The Daily Ticker. The best-selling author of six books, including Forbes Greatest Business Stories and Dumb Money: How Our Greatest Financial Minds Bankrupted the Nation, Gross has been covering politics, business, and economics for two decades. The longtime “Moneybox” columnist for Slate, he was a staff writer and columnist for Newsweek and a contributor to the “Economic View” column in the New York Times.

  • Miller: Housing Data Indicate a Market Recovering, Not a Full Recovery

    We've been noting for months that the data flow from the housing market has been generally positive. Prices, as measured by the Case-Schiller indices, continue to fall or stagnate. But housing starts, and sales of existing and new homes have been rising persistently so far in 2012. On Thursday, the National Association of Realtors reported [...]

  • Housing Data Indicate a Market Recovering, Not a Full Recovery: Miller

    We've been noting for months that the data flow from the housing market has been generally positive. Prices, as measured by the Case-Schiller indices, continue to fall or stagnate. But housing starts, and sales of existing and new homes have been rising persistently so far in 2012. On Thursday, the National Association of Realtors reported [...]

  • Look Out Below: States Are Facing Their Own Fiscal Cliffs

    The federal budget continues to attract the attention of policy wonks and investors. And well it should. The upcoming 'fiscal cliff' — the combination of tax increases and spending cuts poised to phase in starting January 1, 2013 — may cause the economy to lurch back into recession. But the 50 states, which are supposed [...]

  • States Grapple With Fiscal Budget Crises

    Follow The Daily Ticker on Facebook! The federal budget continues to attract the attention of policy wonks and investors. And well it should. The upcoming 'fiscal cliff' — the combination of tax increases and spending cuts poised to phase in starting January 1, 2013 — may cause the economy to lurch back into recession. But [...]

  • Why Investors Shouldn’t Count on QE3

    On Wednesday the stock market was muddling through another boring day. Then at 2:00, the major indices took a brief dive. The reason? The minutes from the June Federal Reserve Open Market Committee's meeting were released. Investors were disappointed that the central bank was not promising more efforts to stimulate the flagging economy. This reaction [...]

  • More TARP Returns for Treasury

    As the fourth anniversary of the Lehman Brothers debacle approaches, the government rescue efforts and bailouts continue to wind down. The central component of the TARP was the Capital Purchase Program (CPP), under which the U.S. Treasury purchased preferred shares in hundreds of banks and received warrants in return. Banks started to return the capital [...]

  • The Decline of Financial Failure

    As has frequently been the case in recent years, Friday was the night the lights went out for a bank in Georgia. This time it was Montgomery Bank and Trust, a two-branch bank with $174 million in assets. The bank failed and was taken over by America Bank. Friday, July 6, was the first Friday [...]

  • The White House’s Four-Step Tap Dance Around June’s Disappointing Jobs Report

    At a time of slow job growth, it's one of the most thankless jobs in Washington. The first Friday of every month, the Obama administration's economic spokespeople fan out to television studios, dial in to radio shows, and hold briefings. This morning, Alan Krueger, chairman of the White House Council of Economic Advisers, stepped out [...]

  • Poor June Jobs Report: Why Companies May Share the Blame

    Follow The Daily Ticker on Facebook! Another month, another blah jobs number. The private sector added 80,000 positions in June and the unemployment rate remained constant at 8.2 percent. If three underwhelming employment reports constitute a trend, then we have a definite trend of slower employment growth. In the first quarter, the economy added an [...]

  • Is Something Positive Happening in the Labor Market?

    The monthly payroll jobs report, due out on Friday, has emerged as the Super Bowl of economic data — a hype-ridden event that attracts the attention of a very large audience. Thursday brought the pre-game show, in the form of three employment-related data points. And the news was surprisingly good. First time unemployment claims came [...]

  • Affordable Care Act Is a Big Deterrent to Labor Market: Larry Kudlow

    The monthly payroll jobs report, due out on Friday, has emerged as the Super Bowl of economic data — a hype-ridden event that attracts the attention of a very large audience. Thursday brought the pre-game show, in the form of three employment-related data points. And the news was surprisingly good. First time unemployment claims came [...]

  • June’s Highlights (and Lowlights) in Executive Compensation

    Every day, Michelle Leder and the crew at Footnoted.com scour through Securities and Exchange Commission filings in search of news nuggets and excessive executive compensation. America's publicly held companies oblige with a perennial crop of goodies for top officials. Level Up! The video game company Electronic Arts has been struggling to adapt to the new [...]

  • With Crisis in Europe Ebbing, Focus Shifts to Struggling U.S. Economy

    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 [...]

  • Wall Street Wanes: Why New York City Is Becoming the Not-So-Big Apple in the World of Finance

    The financial headlines are delivering a persistent message. New York, and all those who live and work in the self-proclaimed financial capital of the world, is showing rising signs of financial irrelevance. Sure, the New York-based stock and bond markets have been gyrating with their usual velocity, processing news, fear and greed. But increasingly, it [...]

  • Health Care is Just the Latest Arena in Which Insurance is Mandated

    Thursday's Supreme Court decision, which validated the Obama administration's mandate for individuals to purchase insurance by defining it as a tax, has already been chewed over ad nauseam. But amid the analysis, hype, and fear-mongering, it's worth stepping back a moment and looking at the broader context. The ruling shines a spotlight on a larger [...]

  • Apple and Wages: Why More Companies Must Raise Pay

    It's been reported that some employees at Apple retail stores have received a raise of up to 25 percent. The news was noteworthy for three reasons: because it was Apple, because of the size of the increase, and because it's been so rare for large numbers of service workers to get such a significant bump. [...]

  • May Pending Sales Data Indicate Continuing Housing Recovery

    Another day, another positive housing indicator. For the past few months, we've been noticing the ways in which housing — for so long a drag on economic growth — has become a relative bright spot. Housing-related activity has been on the rise in the past year. And when activity rises, housing can become a meaningful contributor [...]

  • Treasury Aims to Raise $220 Million Auctioning Stakes in 7 TARP Banks

    The central component of the TARP program was the Capital Purchase Program, in which the government bought preferred shares in hundreds of banks in 2008 and 2009. In all, CPP recipients took $204.9 billion public funds. Banks have returned $190.58 billion of that capital. Add in dividends ($11.68 billion), gains on the sale of Citigroup [...]

  • New Home Sales Highlight Housing’s Continuing Recovery

    For the past few months, we've been noticing the ways in which housing — for so long a drag on economic growth — has become a relative bright spot. Foreclosures are stilling clogging up the system and house prices are far below their peaks. But housing activity has been on the rise in the past [...]

  • Treasury Reaps $72 Million in 2 TARP Transactions

    Nearly four years after the Lehman Brothers debacle, the government rescue efforts and bailouts continue to wind down. The central component of the TARP was the Capital Purchase Program (CPP), under which Treasury purchased preferred shares in hundreds of banks and received warrants in return. Banks started to return the capital in June 2009, with [...]