Economy | MyFOX Spokane

4 groups that win if Obamacare is repealed

Submitted by Fox First at Ten on May 21st

By Tim Parker According to people in-the-know, the prognosis for the Patient Protection and Affordable Care Act, or colloquially nicknamed "Obamacare," isn't very good. At one point in the proceedings, Justice Scalia wondered if eating broccoli should be mandated along with health insurance

Facebook IPO stumbles out of gate: Why didn't it wow investors?

Submitted by Fox First at Ten on May 21st

By Mark Trumbull It's finally official: Facebook is a publicly traded company, and investors in its newly listed stock now own some 421 million shares in the company that has come to define social networking in the online world. Or, in Facebook jargon, the company has been "friended" by Wall

For Facebook IPO, some suitors wary of the big dance

Submitted by Fox First at Ten on May 18th

By Gloria Goodale It's prom season -- and the Internet behemoth, Facebook, is all dressed up and ready to dance with both Wall Street and small-time investors. Its much-anticipated IPO, now valued at some $100 billion, is finally launching, but as the digital giant tries to sell itself as the

10 stressful jobs with low pay

Submitted by Fox First at Ten on May 17th

By Janet Fowler When we think of high-stress jobs, there are many professions that come to mind. Teachers, police officers, high-level executives and stock traders are just a few. However, when it comes to jobs with the highest stress levels and the lowest rates of pay, it may seem unbelievable

JPMorgan Chase trading fiasco: What to do about big banks?

Submitted by Fox First at Ten on May 17th

By Mark Trumbull The fallout from a massive investment loss at JPMorgan Chase continued to spread Wednesday, as shareholders filed lawsuits against the bank and members of Congress used the incident to defend strong bank regulation -- or to promote more of it. Investors filed two lawsuits

Can you refinance an underwater home without HARP?

Submitted by Fox First at Ten on May 16th

By Kirk HaverkampProvided by A lot of homeowners with underwater mortgages would like to refinance, but they don't qualify for HARP (the federal Home Affordable Refinance Program). Do they have other options? Surprisingly, yes. There are other ways you can refinance a negative-

JP Morgan $2 billion loss stirs memories of 2008 crisis

Submitted by Fox First at Ten on May 11th

By Ron Scherer The financial markets are holding up better than expected Friday morning in the wake of JP Morgan Chase's disclosure that it had a massive trade go bad, which would result in a loss of as much as $2 billion. The disclosure, made by JP Morgan's CEO, James Dimon --

Sweatwork: Bring your networking meetings into the gym

Submitted by Fox First at Ten on May 10th

By Jennifer MitchellContent provided by Happy hour networking is so 2011. The latest trend: sweatworking. Instead of meeting over lunch or drinks, business contacts meet at an exercise class. For working people, the marriage of talking shop while you burn calories speaks to the desire for

Should you switch to a lower interest credit card?

Submitted by Fox First at Ten on May 7th

By Andrew Housser Whether you knowingly signed up for a credit card with a high annual percentage rate (APR) or you received a notice stating that your rate is going up, you have three options: pay significantly in finance charges with the high-interest card; stop using the card and pay off the

Fed study rejects standard explanations for housing bubble

Submitted by Fox First at Ten on May 7th

By Kirk HaverkampProvided by The most popular beliefs as to what caused the U.S. mortgage crisis and subsequent economic collapse are wrong, according to a new study by the Federal Reserve Bank of Boston. The report rejects the popular explanation that industry insiders misled borrowers