Study shows income inequality in big cities is significantly higher than in the country as a whole
Groundhog Day: Punxsutawney’s Million Dollar Holiday
Whatever the groundhog predicts, the Pennsylvania town’s economy will benefit
Admit It: You Don’t Know What Daylight Saving Time Is, Either
TIME explains Daylight Saving Time
Hannah Anderson’s Horrifying Ordeal: ‘He Told Me He Had a Crush On Me.’
The teen describes how her captor forced her to play Russian roulette and bound her with zipties
Google, Microsoft Earn Bronx Cheer From Wall Street as Stocks Slide
Microsoft ‘s results were particularly ugly. The software giant’s stock is down more than 11% in Friday trading
Motor City Meltdown: Long Road Ahead for Detroit’s Record Bankruptcy
The largest municipal-bankruptcy proceeding in U.S. history will take months to resolve, and the only short-term guarantee is more pain
Gordon Gekko Lives: New Evidence That Greed Is Rampant on Wall Street
One in four bankers would cheat to make $10 million. This is one of many unsettling findings in a new survey of Wall Streeters. As always, you’re on your own out there
Behind June’s Surprise $116 Billion U.S. Budget Surplus
The effects of sequestration and payments from Fannie Mae and Freddie Mac gave the U.S. Treasury its largest monthly surplus since before the financial crisis.
Nickeled, Dimed, and Dollared to Death: Fee-Laden Payroll Cards Forced On Low-Wage Workers
The Most Profitable Two Seconds on Wall Street
High-frequency trading firms compete for a mere two-second advantage
Atlantic City’s Next Big Bet: Legalized Online Gambling
Business has been on the decline in Atlantic City casinos for six years and running. To stop the bleeding, casinos are betting big on online gaming—an option that, of course, gives gamblers an easy way to avoid Atlantic City entirely.
The New Retirement: Why You Don’t Have to Pay Off Your Mortgage
Low interest rates have changed the game for retirees—but not always in a bad way.
This Housing Upturn Looks Like the Real Thing
The first rebound in home prices was lackluster and after only a year was followed by another dip. But the recent upturn in home prices looks like the real thing.