Financial news of the day - CNNMoney.com

Bracing for another market crash

Fri, 27 Nov 2009 08:55:24 EST

Question: I'm very worried that we may see another stock market correction. Since the market low of early March, my 401(k)'s value has risen 77%, which seems like an awfully large jump. So last week I moved the majority of my investments into bond and money-market funds, although I did leave 50% of my international holdings intact. Do you think I jumped too soon? --Rick G., Corona, Calif.

Dubai's threat to U.S. banks

Fri, 27 Nov 2009 22:56:40 EST

The news that the sovereign wealth fund of Dubai requested a postponement of billions of dollars of debt this week could pose a big problem for U.S. banks.

Early shopping tally: Some gems, some coal

Sat, 28 Nov 2009 16:30:56 EST

Although malls around the country reported a rush of shoppers and filled parking lots throughout Black Friday, total sales for the day only saw a slight - and not a robust - improvement over last year.

Fed rage boils over on Capitol Hill

Sat, 28 Nov 2009 16:44:26 EST

Federal Reserve Chairman Ben Bernanke has a tough road ahead.

Should you be paid for being on call?

Fri, 27 Nov 2009 05:58:00 EST

Dear Annie: Late last year, the software company where I worked as a full-time webmaster had to lay people off, but they kept some of us on as independent contractors. My boss offered me a deal where I would be doing the exact same job as before, only paid by the hour instead of on salary, with no benefits.

Afghanistan: Pay for it or charge it?

Wed, 25 Nov 2009 17:20:50 EST

War is expensive, and it's about to get more so if the U.S. government escalates its military efforts in Afghanistan.

Obama mortgage rescue: Only a few get lasting help

Sat, 28 Nov 2009 20:03:11 EST

Only a tiny percentage of troubled homeowners have received permanent modifications under President Obama's foreclosure prevention plan, raising concerns about the effectiveness of the $75 billion effort.

Bernanke: Don't tamper with the Fed

Sat, 28 Nov 2009 10:47:28 EST

Federal Reserve Chairman Ben Bernanke, just days ahead of his confirmation hearing, is warning Congress that actions limiting the central bank's independence could prove detrimental to the causes of financial reform and economic recovery.

Home prices climb for 2nd straight quarter

Tue, 24 Nov 2009 09:51:39 EST

Home prices rose for the second consecutive quarter but remained nearly 9% lower than a year earlier, according to a housing market report issued Tuesday.

Will your hometown be a boomtown again?

Wed, 25 Nov 2009 04:14:03 EST

Since the crash, we've gotten used to thinking of real estate as a market shaped by national forces: Interest rates went down, Wall Street and homebuyers went nuts, regulators fell asleep at the switch, and -- voil� -- we had ourselves a bubble.

Citizen Bunky: A Hearst family scandal

Wed, 25 Nov 2009 10:18:53 EST

In September 2004, John Randolph "Bunky" Hearst Jr. and his wife, Barbara, hosted what would be their last dinner party at the couple's estate in the Hamptons.

All-you-can-learn for $29 a month

Mon, 23 Nov 2009 14:41:35 EST

The Internet is making the world of learning smarter -- and more profitable.

'Godfather of Spam' going to prison

Tue, 24 Nov 2009 16:54:45 EST

A man who claims to be the "Godfather of Spam" has been sentenced to 51 months in prison by a federal judge in Detroit for his lead role in an e-mail stock scam scheme, according to court documents.

Luxury at any (low) price

Tue, 24 Nov 2009 09:41:48 EST

On an overcast English morning, two women from middle England are out shopping. They duck first into the Gucci boutique, fingering discounted handbags and rifling through racks of last season's fashion lineup. Dolce & Gabbana is next, followed by Armani.

Catch a high-flying fund - up 56%

Wed, 25 Nov 2009 10:27:12 EST

When the herd of investors heads in one direction, count on Don Yacktman to steer his fund the other way.

Bankruptcies spike 33%

Wed, 25 Nov 2009 14:54:47 EST

The total number of bankruptcies filed in the third quarter surged 33% in 2009 and is at the highest level since 2005, according to data released Wednesday.

Are emerging markets the next bubble?

Tue, 24 Nov 2009 10:48:35 EST

Question: I'm considering investing in emerging markets mutual funds. But do you think that's a good idea, or are they just going to be the next investment bubble? -- Mario, Atlanta, Georgia