U.S. stocks push higher

Click chart for more markets data. NEW YORK (CNNMoney) The Federal Reserve wraps up a two-day meeting this afternoon, with a statement due out at 2 p.m. ET. The central bank isn't expected to change rates or its stance on the economy. The...

22.17 | 0 komentar | Read More

Facebook finally tops IPO price again

It took 14 months. But shares of Facebook topped their initial public offering price of $38 again at long last. NEW YORK (CNNMoney) Facebook (FB) shares hit a high of $38.31 shortly after the opening bell before slipping back below $38 in mid-morning...

22.17 | 0 komentar | Read More

Debt ceiling awaits Congress after summer break

Treasury Secretary Jack Lew has yet to give Congress a more precise deadline for raising the debt ceiling. NEW YORK (CNNMoney) On Wednesday, the Treasury Department said again that it can continue to pay the country's bills in full without breaching...

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The government wants SAC Capital's billions

Steven Cohen's hedge fund SAC Capital was indicted for criminal insider trading. NEW YORK (CNNMoney) The U.S. Attorney for Southern District of New York's filing Thursday of civil and criminal charges against Cohen's hedge fund opens the door for...

22.16 | 0 komentar | Read More

JPMorgan to exit commodities businesses

NEW YORK (CNNMoney) The announcement comes as the bank reportedly nears a settlement with the U.S. government over the manipulation of electricity markets in California. JPMorgan (JPM, Fortune 500)said it "is pursuing strategic alternatives for...

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Starbucks sees big growth in China

Starbucks is opening more stores in inland Chinese cities, such as this one in Chengdu, Sichuan Province in Southwest China. NEW YORK (CNNMoney) According to its latest quarterly report, Starbucks (SBUX, Fortune 500) saw a 30% year-over-year jump...

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New home sales surge to 5-year high

New home sales were up 38% over the year before. NEW YORK (CNNMoney) New homes sold at an annual rate of 497,000 in June, up 8.3% from May, which was revised downward. June sales were well above the 483,000, that economists surveyed by Briefing.com...

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Jane Austen's face on new £10 bill

Jane Austen (1775 - 1817) is a famous novelist known for her wit and observations of 19th century life. Her novels have been adapted for film and television. LONDON (CNNMoney) The Bank of England announced Wednesday it's updating the design of...

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Control your PC with a wave of your hand

NEW YORK (CNNMoney) A company called Leap Motion wants to make computing decidedly more 21st-century. By adding hand motions and gestures to the mix, Leap Motion believes it can help transform computing from a two-dimensional world to a 3-D one. ...

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Home sales dip in June

Sales of existing homes stumbled in June after hitting a 42-month high in May. NEW YORK (CNNMoney) The number of sales dipped 1.2% to an annual rate of 5.08 million in June from a downwardly revised 5.14 million in May, according to the National...

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Apple's developer's site shut down by hack attack

Apple had to shut down its developer's site due to a hacker attack last Thursday. NEW YORK (CNNMoney) A notice on the site said an intruder had "attempted to secure personal information of our registered developers" last Thursday, and that Apple...

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Stocks: Bracing for earnings deluge

Click chart for more market data NEW YORK (CNNMoney) The Dow Jones industrial average was down a handful of points. McDonald's (MCD, Fortune 500) was the main drag, falling 2.5% after the restaurant operator reported disappointing earnings and...

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SEC charges Miami with fraud, accuses city of lying about finances

The SEC sanctioned Miami for similar conduct in 2003. NEW YORK (CNNMoney) The SEC said Michael Boudreaux helped falsify Miami's financial reports for the 2007 and 2008 fiscal years and lied about the city's finances in a series of 2009 bond offerings...

22.16 | 0 komentar | Read More

Be set when the Fed's help ends

When the Fed's training wheels come off and yields turn around, position yourself to take advantage of higher rates. (Money Magazine) Look at what happened in late May and June after chairman Ben Bernanke said the Fed would, eventually, assuming...

22.16 | 0 komentar | Read More

Stocks: Apple, Facebook, McDonald's and Boeing on tap

Click chart for more markets data. NEW YORK (CNNMoney) Eye on tech: Several major tech companies will report quarterly results, including Netflix (NFLX), Apple (AAPL, Fortune 500), AT&T (T, Fortune 500), Facebook (FB), Amazon (AMZN, Fortune...

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SEC charges Miami with fraud, accuses city of lying about finances

The SEC sanctioned Miami for similar conduct in 2003. NEW YORK (CNNMoney) The SEC said Michael Boudreaux helped falsify Miami's financial reports for the 2007 and 2008 fiscal years and lied about the city's finances in a series of 2009 bond offerings...

22.16 | 0 komentar | Read More

Be set when the Fed's help ends

When the Fed's training wheels come off and yields turn around, position yourself to take advantage of higher rates. (Money Magazine) Look at what happened in late May and June after chairman Ben Bernanke said the Fed would, eventually, assuming...

22.16 | 0 komentar | Read More

Judge orders Detroit to withdraw bankruptcy filing

Detroit might have to drop its bankruptcy case if a state court judge's order Friday afternoon is upheld on appeal. NEW YORK (CNNMoney) But Michigan Attorney General Bill Schuette said in a statement soon after the decision that he intended an...

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Detroit bankruptcy filing came with only 5 minutes to spare

The date on Detroit's bankruptcy filing was changed by hand as the emergency manager rushed to get the filing in before a court blocked it. NEW YORK (CNNMoney) Lawyers for pension funds and individual retirees had gone to court Thursday afternoon...

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G-20 backs new tax rules for big firms

Finance ministers from the G-20, including the U.K.'s George Osborne, backed a big change in the way multinational companies are taxed. LONDON (CNNMoney) The Group of 20 leading developed and emerging economies gave its support Friday to an action...

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Stocks dragged down by tech earnings

Click chart for more markets data. NEW YORK (CNNMoney) The Dow Jones Industrial Average and the S&P 500 dipped slightly. The Nasdaq dropped 0.7%. The modest pullback comes one day after both the Dow and S&P climbed to new record highs....

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Class acts: Teaching kids financial literacy

Julia Heath, 56, economist and researcher and Douglas York, 51, financial literacy volunteer. NEW YORK (Money Magazine) Julia Heath, 56, economist and researcher After 20 years studying family economic issues as a University of Memphis professor,...

22.17 | 0 komentar | Read More

Despite protests, you still can't sue your broker

Brokerage customers must resolve most disputes through mandatory nonjudicial arbitration. (Money Magazine) In April, state securities regulators and members of Congress urged the SEC to end Wall Street's practice of forcing customers to resolve...

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AT&T to acquire Leap Wireless

AT&T acquires Leap, a prepaid wireless provider known for its Cricket brand, for $1.2 billion dollars. NEW YORK (CNNMoney) AT&T is buying Leap for $15 per share. Leap shares, which had closed at $7.98 Friday, surged to $16.65 in after-hours...

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Stocks inch higher into record territory

NEW YORK (CNNMoney) The Dow Jones industrial average, the S&P 500 and the Nasdaq all gained 0.1% or less. Wall Street banks were in focus Friday morning. JPMorgan Chase (JPM, Fortune 500) reported quarterly earnings that beat expectations,...

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Startup says it can predict soccer results

Brazil soccer fans may go crazy over a start-up, Betegy, that uses statistics and technology to predict the outcomes of matches. LONDON (CNNMoney) A new startup says it can do precisely that by using a complex algorithm that considers everything...

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UPS expects weak second-quarter results

UPS shares sank more than 5% on the news Friday morning. NEW YORK (CNNMoney) UPS attributed its performance to an increased preference among customers for lower-cost shipping options, a "slowing U.S. industrial economy" and an oversupply in the...

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