Money in a Minute: Headlines From Around the Web

Money in a Minute: Headlines From Around the Web

HOUSING: Existing-home sales sink to their lowest level of the year

Spring is supposed to be home-selling season. But not this year. Reports MSNBC: “Sales of previously owned U.S. homes fell to a six-month low in May, prices dropped 4.6 percent from a year ago, supply rose, and first-time homebuyers slid to an anemic 35 percent of sales.”

SCAMS: FCC aims to dissuade unauthorized phone fees

If you thought your cell-phone bill was high, check your land-line phone bill. “As many as 20 million Americans may have unauthorized charges hidden on their land-line telephone bills,” USA Today reports. “This practice of ‘cramming’ charges, typically from $1.99 to $19.99, for unauthorized products or services onto monthly statements often goes unnoticed.”

ECONOMY: Bernanke may prolong record stimulus

A survey of economists predicts the Federal Reserve chairman will keep up the country’s record stimulus – which will keep the economy from tanking. “Federal Reserve Chairman Ben S. Bernanke will probably delay the central bank’s exit from record stimulus,” Bloomberg reports, “giving the flagging economy a boost without resorting to additional asset purchases.”

SPORTS: Cities caught in the middle of NFL-union fight

While the NFL and the players haggle over billions, America’s football cities could lose millions.”The NFL Player Association’s estimated $20 million per-city, per-game loss factors in the expected hits to businesses within NFL markets – including restaurants, bars and hotels,” MSNBC reports.

TECH: Verizon to end unlimited data option

The days of unlimited data on your smartphone are coming to an end. “Verizon Wireless will join competitors AT&T and T-Mobile next month in eliminating the option for customers to consume unlimited data on their mobile phones without paying additional fees,” CNN reports.

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Money in a Minute: Headlines From Around the Web

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