Latest financial news - CNNMoney.com
Latest financial news - CNNMoney.com
What went wrong with Gardasil
There's a liquid drug that women can get injected into a layer of muscle -- three separate times over a six-month period -- that can protect them from a kind of cancer. From a scientific perspective, that's amazing. In terms of public health, it's a breakthrough.
09-06-2010
Mark Hurd lands at Oracle
Mark Hurd, who abruptly resigned last month as chief executive of Hewlett-Packard, has landed at another big tech company.
09-06-2010
World markets rally, Nikkei gains 2%
World markets rallied Monday, with Asian stocks logging their fourth straight session of gains.
09-06-2010
Wall Street faces an economy at a 'crossroads'
Stocks started September with a bang as investors cheered a rare dose of good economic news but investors may need to buckle in for the coming week: It's a holiday-shortened week with little on the docket to set the tone.
09-06-2010
81% rate U.S. economy as 'poor' - CNN poll
A new national poll released Sunday indicates that eight in 10 Americans say that the economy is in poor shape, and the number that say conditions are very poor is on the upswing after steady declines through the spring.
09-05-2010
Obama's economy boost - just don't call it stimulus
President Obama is pledging to propose a new package of job-boosting ideas next week -- just don't call it stimulus.
09-03-2010
Dollar slips on return to risk
As better-than-expected economic data boosted investor morale this week, the greenback lost some of its luster, falling against a basket of currencies.
09-03-2010
Where the jobs are now, and where they'll be next
U.S. companies modestly added jobs in August, easing concerns that the nation might slip back into a recession. The latest jobs report released by the Labor Department today is better than expected. Employment in the private sector rose by 67,000 payrolls, after a revised 107,000 increase in July that was more than originally estimated. The report immediately sent stocks rallying, despite the fact that overall employment dropped and the unemployment rate climbed to 9.6% from 9.5%, as more people actively searched for jobs.
09-03-2010
What went wrong at Burger King
It's not yet clear what Burger King's new owner, the Brazilian-backed private equity firm 3G Capital, has in mind for the troubled No. 2 fast-food chain. But a total strategic revamp is in order.
09-03-2010
Dow back in the black for 2010
Stocks closed near session highs Friday, with the Dow erasing its losses for the year, as investors welcomed a better-than-expected report on the U.S. job market.
09-03-2010
Strongest jobs recovery in decades. Seriously
A jobless recovery? Hardly.
09-03-2010
August jobs report: Signs of life for employment
Business hiring is picking up, but not enough to make up for the massive losses of temporary government jobs.
09-03-2010
Kia recalling fire-prone cars
Hyundai-Kia Motors is recalling more than 35,000 cars with fire-prone electrical wiring systems, said the National Highway Traffic Safety Administration.
09-03-2010
Stock futures pop after jobs report
Stocks futures jumped Friday after the August employment report showed that employers cut fewer jobs than economists were expecting and added more private-sector jobs than forecast.
09-03-2010
Should US government debt be rated junk?
A few weeks ago, Hedgeye, the investment research firm where I'm a managing director, hosted a conference call for our subscribers that posed the question, "Should U.S. Government Debt Be Rated Junk Status?" Given that debt issued by the U.S. government continues to trade at almost all-time lows in yield, this is a contrarian call to say the least.
09-03-2010
I have $10,000 and four months. Where do I invest?
Question: I have a budget of $10,000 for a stock simulation I'm doing for a business and personal-finance class. What stocks should I invest in to make the most money in four months? -- Matt
09-03-2010
From Detroit, a fix for smog-belching motorcycles
When Americans debate the impact of fuel emissions on the environment, they usually talk about cars and trucks. But what about smaller vehicles like motorcycles, scooters, lawnmowers and ATVs?
09-03-2010
5 things you must know about homeowners insurance
1. Loyalty is overrated
09-02-2010
The fading iPod Classic
The iPod helped Apple rise from the dead in the last decade. But the iPod Classic, the device that jump-started that resurrection, didn't get so much as a mention from Steve Jobs at Apple's iPod event on Wednesday.
09-02-2010
Oil roars into September 'like a lion'
After ending August in a slump, oil prices surged into September, rallying nearly 3% Wednesday, and continuing to move higher Thursday following news of an oil platform explosion in the Gulf of Mexico.
09-02-2010