How the Debt Ceiling Issue Will Hit Us in the Wallet

Even the phrase "debt ceiling" sounds like something too far removed from daily life to be of much interest. But ignoring the political battle over this issue would be a mistake: How the government handles the nation's debt limit will directly affect our personal finances in all sorts of important ways.

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Market Update: Stocks post fifth straight week of losses

Singers Whitney Houston and Amy Winehouse both checked back into drug rehab in May. The rich and famous, of course, have the means to bounce in and out of pricey addiction-treatment centers, but what's the real cost of rehab for regular folks trying clean up their lives?

Summer is nearly here, but high gas prices and high unemployment are making the idea of the traditional vacation seem a bit scary. Luckily, DailyFinance's readers have ridden to the rescue with their best advice on inexpensive places to go, the best ways to get there, and how to make the most of you limited resources.

Who would pick the pocket of your grandma or grandpa? Apparently, a lot of people: Older Americans are losing $2.9 billion annually to elder financial abuse, up 12% from 2008, according to The MetLife Study of Elder Financial Abuse. Here's how to protect your older relatives from becoming victims.

New government data shows that the U.S. added just 54,000 new jobs in May, far less than what economists were expecting. The news, which sent the jobless rate up to 9.1%, sent stocks lower on Wall Street.

Sales of ready-to-eat cereals fell 2.55% according to recent data. And six brands, including Cheerios and Rice Krispies have been hit particularly hard. 24/7 Wall St. breaks down the numbers on America's changing taste in cereals.

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Market Movers

SymbolLastChange / %Volume

Most Actives

SPY
SPDR S&P; 500 Trust
130.42-1.31
-0.99%
234.69M
BAC
BANK OF AMERICA CORPORATION
11.28-0.01
-0.09%
115.79M
XLF
Financial Select Sector SPDR Fund
15.22-0.10
-0.65%
97.25M
IWM
iShares Russell 2000 Index Fund
80.88-1.20
-1.46%
76.50M

% Gainers

ATV
ACORN INTL INC
5.80 1.32
29.46%
587,298.00
CASC
CASCADE CORP
47.44 8.49
21.80%
462,162.00
ZQK
QUIKSILVER INC
5.04 0.66
15.07%
10.77M
ARL
AMERICAN RLTY INVS INC
2.61 0.26
11.06%
61,486.00

% Losers

BTH
BLYTH INC
38.21-6.47
-14.48%
147,762.00
NWL
NEWELL RUBBERMAID INC
14.97-2.00
-11.79%
14.35M
EJ
E HOUSE CHINA HLDGS LTD
8.64-1.08
-11.11%
780,515.00
NQ
NETQIN MOBILE INC
5.74-0.68
-10.59%
670,257.00
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