Market News
More Expensive Gas Pushes U.S. Consumer Prices Up
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Higher gas costs drove up U.S. consumer prices in September for the second straight month. Outside energy, there was little sign of inflation. The Labor Department said Tuesday that the consumer price index rose a seasonally adjusted 0.6 percent last month.
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Wall Street Watch Tuesday: WD-40 Becomes a Squeaky Wheel
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WD-40 may not be the all-weather company that investors thought they were buying. The company behind the namesake multi-purpose lubricant posted disappointing quarterly results after Monday's market close.
Continue reading »Economy
Homebuilder Confidence Hits Highest Level Since 2006
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Confidence among U.S. homebuilders remains at its highest level in six years, reflecting improved optimism over the strengthening housing market this year and a pickup in visits by prospective buyers to builders' communities.
Continue reading »Retirement
Social Security Benefits to Rise by 1.7% on Low Inflation
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More than 56 million Social Security recipients will see their monthly payments go up by 1.7% next year, one of the smallest increases since automatic adjustments were adopted in 1975. The cost-of-living adjustment is linked to inflation, which has been relatively low over the past year.
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Vikram Pandit Quits as Citigroup CEO
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Vikram Pandit abruptly stepped down as CEO of Citigroup on Tuesday after steering the bank through the 2008 financial crisis and the choppy years that followed. Also resigning: President and Chief Operating Officer John Havens. Citigroup offered no explanation for the sudden departures.
Continue reading »Technology
Apple's 'Little' Event Next Week Likely to Be the iPad Mini Reveal
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Apple has sent out invitations to an event next week that is expected to be its unveiling of the much-anticipated iPad mini. The invitations didn't reveal details, of course, but hinted at something small with the words: "We've got a little more to show you."
Continue reading »Technology
Is This Tablet the Game Changer? (And No, It's Not the iPad Mini)
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Microsoft is hoping that its Surface tablet is ready for prime time ahead of its Oct. 26 roll out -- even as market-dominating Apple prepares for a big event on Oct. 23 that's expected to be the iPad mini reveal.
Continue reading »Retirement
CNNMoney's 25 Best Places to Retire
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Whether you dream of retiring to a big city, small town, resort area or college town, these great places offer reasonably priced homes, low crime and tax rates, quality health care, and more.
Continue reading »Personal Finance
The Problem with Personal Financial Management Tools
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Given the complexity of their financial lives, you'd think boomers would be avid users of the latest money apps and programs. But most aren't. Is it them, or is it the products and services being offered? Turns out it's both.
Continue reading »Family Money
Eat and Grow Rich: How you Can Become a Vegillionaire!
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There are roughly 3 million millionaires in the U.S., and nearly everyone else has a plan to become the next one. But there are about 3% of Americans who may not even realize that they're already on the path to prosperity. What's giving their savings scenarios a leg up? They're vegetarians.
Continue reading »Economy
The Fiscal Cliff: Who Has the Most to Lose If We Fall Off
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Beyond the land of presidential debates, the political arena is getting hotter. The pending economic catastrophe that is the "fiscal cliff" is drawing closer. But the broad numbers the pundits are tossing around hide some interesting truths about who'll feel the most pain if we hurtle over it.
Continue reading »Banking
Morgan Stanley Faces Discrimination Lawsuit Over Subprime Loans
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Morgan Stanley is being accused of discriminating against black homeowners and violating federal civil rights laws by providing strong incentives to a subprime lender to originate mortgages that were likely to go unrepaid.
Continue reading »Wal-Mart Stores
Quebec to Big Retailers: Frenchify Your Signs
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Walmart and several other leading North American retailers are going to court to fight orders from the Quebec Board of the French Language that their outdoor signs be modified in order to appear "more French."
Continue reading »Investing
How High Credit Card Rates Could Be Good News for You
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Despite ultra-low mortgage and savings interest rates, the average credit card rate is still high, and has barely budged over the past year. That's not so lucky for you as a spender -- but it could guide you to a windfall as an investor.
Continue reading »Economy
2 Americans Win Nobel Economics Prize for Match-Making Theory
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Alvin Roth and Lloyd Shapley, two Americans, have won the Nobel economics prize for studies on the match-making taking place when doctors are coupled up with hospitals, students with schools and human organs with transplant recipients.
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Retail Sales Up 1.1% in September
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Americans stepped up their spending at retail businesses in September, reflecting their growing confidence in the economy. Retail sales rose 1.1 percent last month, the Commerce Department said. That followed a 1.2 percent increase in August. Both were the largest gains since October 2010.
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Dwyane Wade Dumps Jordan for Chinese Shoe Brand
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In early October, Dwyane Wade, of the NBA Champion Miami Heat, left Jordan Brand, where he had been since 2009, and signed a contract with Chinese sportswear company Li-Ning. Now details about that deal have emerged: Wade will endorse his own brand for the company, creatively called Wade.
Continue reading »Personal Finance
5 Surprising Things You Should Negotiate
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Most of us know we're supposed to negotiate when it comes to buying a house or a car, but how about at the dry cleaner? Or when we're on the phone with our cell phone provider? Hesitate no longer.
Continue reading »Economy
Pop Quiz: October's Nightmares on Wall Street
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In honor of Black Monday 1987 and Black Monday 1929, we bring you the October recession/depression quiz. If you've ever wondered what causes recessions, how we survive them, and how they end, take our quiz and find out!
Continue reading »Market News
What's In a Ticker Symbol? More Than You Might Think
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It turns out, choosing an amusing ticker symbol isn't just an exercise in fun-and-games. Several studies have found that companies with clever or catchy ticker symbols tend to perform better. Here are some examples.
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Goldman Sachs's Great Muppet Caper Comes to an End, For Now
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After Greg Smith quit Goldman Sachs in the most public fashion possible -- slamming his employer in the pages of The New York Times -- the firm launched an investigation into his most explosive charge: that employees referred to clients as "muppets" in internal emails.
Continue reading »Personal Finance
'Rich Dad, Poor Dad' Author Files for Chapter 7 Bankruptcy
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Robert Kiyosaki, author of the bestselling "Rich Dad, Poor Dad" series, has filed for Chapter 7 bankruptcy protection after losing a nearly $24 million court judgment to The Learning Annex.
Continue reading »Money and Politics
Can Credit Scores Predict Which Way Swing States Will Swing?
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That's the question posed in a new survey of voters' financial health. The conclusion? Despite what you might be hearing on the news today, seven of the 12 so-called "swing states" could be "in play" come November.
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JPMorgan Turns in Record Profit, Higher Revenue
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JPMorgan Chase reported a record quarterly profit Friday. The bank said it made $5.3 billion in earnings for common shareholders, a widely used measurement, from July through September, up 36 percent from the same period a year ago.
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The World's Largest Software Company Wants More Hardware
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Microsoft is no longer willing to simply put out the software and establish the ecosystems for the benefit of its longtime hardware partners. The company wants some more skin in the hardware game.
Continue reading »Personal Finance
9 Ways to Make Money on the Side
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Nowadays, with ubiquitous smartphones and laptops, the easiest ways to earn extra cash are accessible to everyone at the click of a button.
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