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Economic news - CNNMoney.com
From CNN and Money magazine, CNNMoney.com combines business news and in-depth market analysis with practical advice and answers to personal finance questions.

Bankruptcies surge to 1M - up 29% As things in the economy have gotten worse, the number of people and businesses heading to bankruptcy court has spiked. The economic growth mirage Despite all the talk about the U.S. economy falling on hard times this year, experts are predicting that the economy grew at a more solid pace during the second quarter. Gas prices down 10% Gasoline prices fell yet again, bringing the total decline to 44.7 cents a gallon since July, according to a national survey of gas station credit card swipes. Manufacturing saves the day for now For the second straight month, a key measure of manufacturing activity rose at a much higher than expected rate. Problem bank list keeps growing More banks are in trouble than just three months ago according to the FDIC. Durable-goods orders surge 1.3% Read full story for latest details. Mortgage volume rises Read full story for latest details. Six senators join calls to lift drilling ban Read full story for latest details. More Americans insured as government steps up The number of Americans without health insurance decreased last year as more people signed up for government coverage, while the nation's median income rose slightly to $50,233, new government figures show. Problem banks: What you need to know With the number of problem banks on the rise, many Americans are wondering whether their bank is safe.