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The average cost of a new car is also at the highest on record, topping $47,000 a pop. At this rate, an essential household purchase is starting to feel like a luxury in America.

Charitable giving to the nation's colleges and universities reached $30.30 billion in 2011, an 8.2 percent increase over the previous year, a new survey says. The 20 institutions that raised the most received $8.24 billion. Stanford, Harvard and Yale topped the list.

Many of London's expensive homes are owned by obscure foreign companies. Critics say the city has become a haven for those hiding ill-gotten gains, and the government is starting to respond.

The full weight of the recession has come bearing down on the labor market. Employers shed more than half a million jobs in November. The unemployment rate is now 6.7 percent and economists expect it to go significantly higher. Layoffs are accelerating in just about every industry.

Illinois, Wisconsin, New Hampshire and Pennsylvania top list of Senate seats most likely to change hands — and they're all currently Republican-controlled.

More consumers are quitting buying clothes in favor of renting, to cut cost as rising inflation and tariffs pushing apparel prices higher.

At gun buy-backs, people to turn in their weapons with the promise that they’ll be destroyed. But reporting by the New York Times' Mike McIntire reveals that that’s not always what happens

A grand jury has accused Proud Boys leader Enrique Tarrio and four associates with seditious conpsiracy tied to the Jan. 6 attack on the Captiol.

Also: While Beryl weakens, it brings much-needed rain to Florida and Georgia; Italy is rocked by second deadly quake; Romney aims to wrap up nomination today.