Latest financial news - CNNMoney.com
-
Stimulus cash runs out for small business loans
The stimulus cash that helped boost small business lending this year just ran out.
Hello Bing: News Corp's search for search
Read full story for latest details.
A Chinese-owned GM, it could happen
GM could one day be Chinese owned.
2.1 million cribs recalled
The federal agency in charge of product safety announced the recall of 2.1 million cribs Monday, citing defective hardware that can cause toddlers and infants to suffocate.
Mazda's penny-pinching path to cleaner cars
When you have lemons, make lemonade.
Behind the Zhu Zhu mania
Zhu Zhu Pets, the inexplicably cute robotic hamsters that have become this year's overnight holiday toy sensation, are selling out across the country.
Banks' newest game: Debit card fees
Could debit cards be the next cash cow for banks? If banks have their way, they will.
Gold surges to a fresh record
Gold rallied to an all-time high Monday, climbing ever closer to $1,200 an ounce, as the U.S. dollar slid and investors showed nervousness about the economy.
Buffett's big bet: Trailing behind after lap one
Remember "Buffett's Big Bet", in which the noted investor and CEO of Berkshire Hathaway maintained that an S&P 500 index fund would outperform five funds-of-hedge-funds over 10 years? Well, the results for the first lap, the agonizing year of 2008, are finally in, and the funds-of-funds soundly whipped the index. Vanguard's S&P 500 Admiral shares, the index fund "bought" by Buffett, were down 37%. On the average, and net of all fees, costs, and expenses, the five funds-of-funds backed by Buffett's opponent, Protégé Partners LLC, a New York money-management firm, delivered: -23.9%.
Existing home sales at highest level since 2007
Existing home sales surged in October to the highest level in more than 2-1/2 years, according to a real estate industry report issued Monday.
State tax collections in steep drop
State tax collections nationwide plummeted in the third quarter, and the forecast for the remainder of the year looks grim, a report released Monday shows.
Bonds ease ahead of auction
Read full story for latest details.
Dow spikes to 13-month high
Stocks surged Monday, with the Dow touching its highest point in more than a year, on a strong housing report and a rally in commodities.
Why Kozlowski should get clemency
For inmate No. 05A4820, the days are pretty much the same. At the Mid-State Correctional Facility in upstate New York, Dennis Kozlowski, 63, sorts prison laundry, awaits mail call, enjoys his private supply of fresh fruit, watches Yankees games (he's a minority owner), and tries to sleep in a cell where the bright light never goes out.
Fed rage boils over on Capitol Hill
Federal Reserve Chairman Ben Bernanke has a tough road ahead.
What Congress has in store for the Fed
More than a year after the financial meltdown of 2008, Congress is moving forward on plans to drastically curtail the power of the Federal Reserve.
5 ways to pump up your income
Wish you had a little more money in your wallet these days? Who doesn't?
Dollar falls broadly on Fed comments
Read full story for latest details.
Gold hits another new record
Read full story for latest details.
Oil rises modestly on softer dollar
Read full story for latest details.

