Tornado loss estimate: $2 billion to $5 billion

The 79 tornadoes that hit over three days in 10 states caused billions in losses, with most of damage concentrated in Moore, Oklahoma.

CNNMoney's Economy Now blog

The 'chicken poop' credit and other bad tax breaks

The fuss over Apple's complex strategies to avoid taxes put the corporate tax code on display in all its convoluted glory this week.

Immigrant unemployment rate same as U.S.-born

The unemployment rate for immigrants may match that for native-born workers. But immigrants tend to make much less.

Poor hit hardest by Washington budget cuts

Forced federal spending cuts intended to be equal and across-the-board have lately fallen harder on the nation's poor, sick and elderly.

Obamacare premiums in California lower than predicted

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New home sales rise

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Japan stocks plunge 7%

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Jobless claims fall, pointing to better May

First-time claims for unemployment benefits fell last week, signaling the job market may have improved in May.

Eurozone business still going backwards

Business activity in the eurozone declined at a slower pace in May but surveys published Thursday suggest the region's longest recession will extend into another quarter.

China factory activity contracts in May

Fears of a slowdown in global growth were reinforced Thursday as a preliminary report on China's manufacturing in May showed activity contracted for the first time in seven months.

Bitcoin more powerful than fastest supercomputers

Bitcoin's network generates more power than the top 500 supercomputers and sucks down around $200,000 a day in electricity costs.

6-step guide to dodging taxes just like Apple

Tax avoidance works beautifully -- and legally -- for Apple and other multinationals. Why not make it work for you?

4 federal agencies to shut Friday

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Home sales continue to climb

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Bernanke warns against hitting the brakes too soon

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Europe steps up fight against tax cheats

European leaders took the fight to tax cheats Wednesday with a pledge to share bank account data across the EU and accelerate initiatives to tackle abuse by companies.

Say what!? The economy should be "playing baseball"

When Bernanke talks before Congress, the metaphors get colorful -- and mangled.

Memorial Day travel to dip this year

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U.K. can do more to boost economy: IMF

The International Monetary Fund tells U.K. to increase spending on infrastructure and cut some corporate taxes to shore up its fragile economic recovery.

How Apple scores its lower tax bill

Apple pays a lot in taxes to the U.S. government. But many tax experts and lawmakers say Apple's tax bill would be bigger if the company didn't take advantage of so many loopholes in the tax code.

Pet shelters & tractors: Companies kick in tornado relief

Businesses in Oklahoma City are offering heavy equipment, free lodging and other services to assist with the tornado relief efforts.

Medicare: $15,000 for one hospital, $26,000 for another

Why Medicare payment rates vary wildly, even for the same procedure at hospitals in the same area.

Army plans to launch a reality TV show

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Bank of Japan maintains policy, cheers Abenomics

Japan's central bank pledged Wednesday to maintain its ambitious quantitative easing program, saying that economic conditions in the country are improving.

Apple grilled about tax havens

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Sony shares boom on spin off speculation

Shares of Sony spiked to their highest level in two years Wednesday on reports that the company is considering a spin off of its movie and music division.

Make $30 an hour, no bachelor's degree required

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Fed's Dudley says new plan needed to end stimulus

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African Americans more financially confident, but underserved

While the average African American is feeling more financially secure, many still feel neglected by the financial industry, new research shows.