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Credit unions hit a record number of members

NEW YORK (CNNMoney) — Credit unions hit a record number of members last year, as a growing number of consumers grew fed up with the fees at the nation’s biggest banks and took their money elsewhere. Credit unions added 1.3 million new customers in 2011, bringing total membership to a record 91.8 million by the [...] [...]

NYC apartment sells for a record $88 million

The gallery of the penthouse in 15 Central Park West has sweeping views of Central Park.NEW YORK (CNNMoney) — The most expensive apartment ever sold in Manhattan went for a cool $88 million this week. The penthouse apartment on Central Park West was formerly owned by Citigroup founder Sanford Weill. It was bought for the [...] [...]

GM posts record profit 2 years after bankruptcy

GM posted record earnings in 2011, just two years after a federal bailout and bankruptcy reorganization.NEW YORK (CNNMoney) — General Motors reported a record annual profit Thursday, just two years after the nation’s largest automaker emerged from bankruptcy with the help of a federal bailout.With rivals Ford Motor (F, Fortune 500) and Chrysler Group having [...] [...]

Black Friday weekend: Record $52.4 billion spent

NEW YORK — Earlier than ever store openings and steep discounts helped retailers notch record sales this Black Friday weekend, according to early reports. Total spending over the four-day weekend following Thanksgiving reached a record $52.4 billion, up 16% from $45 billion last year, according to a survey by the National Retail Federation released Sunday.A [...] [...]

Cyber Monday outlook: big deals, record sales

NEW YORK (CNNMoney) — Did you skip the lines on Black Friday? There’s still Cyber Monday — and analysts are expecting an abundance of deals to bring in record online sales this year. Andrew Lipsman, an industry analyst at data tracking firm ComScore, said sales for the one-day shopping event are projected to hit a [...] [...]

Black Friday sales hit record, says report

NEW YORK (CNNMoney) — Preliminary reports for Black Friday indicate that retailers may have seen their strongest sales ever during the all-important kick-off to the holiday shopping season.Retail sales on Black Friday climbed 6.6% this year to an estimated $11.4 billion, according to ShopperTrak, which tracks foot traffic at malls and stores. Last year, sales [...] [...]

Shrinking Treasury Bills Means 0% Rates Persist Even With Record Deficits

The market for U.S. Treasury bills is poised to shrink the most since early 2010, creating a shortage in the debt and helping keep government borrowing costs near record lows. The Treasury Department will issue about $72 billion less debt due within 12 months than it retires in December and January, bond strategists at New [...] [...]

Shrinking Treasury Bills Means 0% Rates Persist Even With Record Deficits

The market for U.S. Treasury bills is poised to shrink the most since early 2010, creating a shortage in the debt and helping keep government borrowing costs near record lows. The Treasury Department will issue about $72 billion less debt due within 12 months than it retires in December and January, bond strategists at New [...] [...]

Shrinking Treasury Bills Means 0% Rates Persist Even With Record Deficits

The market for U.S. Treasury bills is poised to shrink the most since early 2010, creating a shortage in the debt and helping keep government borrowing costs near record lows. The Treasury Department will issue about $72 billion less debt due within 12 months than it retires in December and January, bond strategists at New [...] [...]

Shrinking Treasury Bills Means 0% Rates Persist Even With Record Deficits

The market for U.S. Treasury bills is poised to shrink the most since early 2010, creating a shortage in the debt and helping keep government borrowing costs near record lows. The Treasury Department will issue about $72 billion less debt due within 12 months than it retires in December and January, bond strategists at New [...] [...]

Shrinking Treasury Bills Means 0% Rates Persist Even With Record Deficits

The market for U.S. Treasury bills is poised to shrink the most since early 2010, creating a shortage in the debt and helping keep government borrowing costs near record lows. The Treasury Department will issue about $72 billion less debt due within 12 months than it retires in December and January, bond strategists at New [...] [...]

Gold surges 2 pct to record on economic fears

One kilogram gold bars are seen in this picture illustration taken at the Korea Gold Exchange in Seoul August 9, 2011. NEW YORK/LONDON | Fri Aug 19, 2011 1:23am IST NEW YORK/LONDON (Reuters) – Gold rallied 2 percent to a new high above $1,820 an ounce on Thursday after U.S. data pointed to a stalled [...] [...]

Food stamp use rises to record 45.8 million

NEW YORK (CNNMoney) — Nearly 15% of the U.S. population relied on food stamps in May, according to the United States Department of Agriculture.The number of Americans using the government’s Supplemental Nutrition Assistance Program (SNAP) — more commonly referred to as food stamps — shot to an all-time high of 45.8 million in May, the [...] [...]