Market News
This Week on Wall Street: Watch Teslas, Tablets, Books and Bedding
Here are a few things that will shape the week ahead on Wall Street: Microsoft will show off Windows 8 tablets; Tesla's hot Model S will reach buyers; Cricket gets the iPhone; Barnes & Noble opens its books; and Bed Bath & Beyond turns back the covers on earnings.
Continue reading »Company News
Apple Store Employees to Get $4 Per Hour Raise
Apple's retail stores are giving employees raises today, according to a source -- at least $4 per hour for every employee.
Continue reading »Family Money
Financially, You're Back to 1992 (but It's Not As Bad As It Sounds)
It's official. Money-wise, you're right back where you were 20 years ago. But if that news makes you want to cry -- or yawn -- hold on a moment: There are some interesting details behind the headline numbers.
Continue reading »Credit Cards
Planes, Trains or Automobiles: Which Credit Card's Best for Each?
If you're one of the millions of people planning a trip in the next few months, odds are you'll be paying with plastic. But before you slap down your card, make sure you're getting the most out of it.
Continue reading »Crime
Chinese Businessman Makes Up a Fake U.S. Bank -- and 'Buys' It
In a China awash with fake iPhones, pirated DVDs and knockoff Louis Vuitton bags, rice trader Lin Chunping took fakery to a whole new level: He invented a U.S. bank and claimed he bought it.
Continue reading »Credit Cards
Karl Marx Credit Cards Prove a Hit in Eastern Germany
Two decades after the fall of the Berlin Wall, some eastern Germans are once again carrying images of Karl Marx: The face of the man who foretold the end of capitalism and the triumph of communism is now being emblazoned on a popular bank credit card.
Continue reading »Taxes
4 Things New Parents Need to Know About Taxes
Becoming a parent is one of the biggest -- and most expensive -- life changes you'll ever go through. Fortunately, when it comes to taxes, the news for parents is generally good. Here's a brief look at some of the ways that having children can help you save on your tax return.
Continue reading »Money and Politics
Mitt's Profit from Bain's Buyouts: Up to $20,000 Per Laid-off Worker
GOP presidential candidate Mitt Romney spends a lot of time touting his record on job creation. But when he ran Bain Capital, he also made jaw-dropping profits in leveraged buyouts of companies that later went bust, costing more than 11,000 Americans their jobs.
Continue reading »Features
How Dewey & LeBoeuf Became the Biggest Law Firm Bankruptcy Ever
Dewey & LeBoeuf was one of the world's great law firms, with 1,300 attorneys on five continents and revenues in excess of $900 million a year. This makes its bankruptcy quite simply the largest law-firm failure ever. So how did it manage to go broke?
Continue reading »Real Estate
Americans Are Still Paying the Tab for Countrywide's Misdeeds
Once, Countrywide Financial was the biggest U.S. mortgage lender, and the bloated appraisals it gave on homes were a root cause of the housing bubble. Here's why we're all still paying for Countrywide's bad behavior.
Continue reading »Features
What's So Special About This Starbuck's Mug?
On the verge of bankruptcy last fall, the American Mug and Stein Company got a new lease on life, courtesy of Starbucks. In part, it's Starbucks CEO Howard Schultz trying to support U.S. employers. But he's getting a lift from the simple economics of labor.
Continue reading »Market News
Ex-Business Titan Rajat Gupta Guilty of Insider Trading
Rajat Gupta, a consummate business insider who once sat on the board of Goldman Sachs Group, was convicted on Friday of leaking secrets about the investment bank at the height of the financial crisis. He faces up to 25 years in prison.
Continue reading »Company News
Target Talks Growth, Groceries and Gay Pride at Annual Meeting
At Target's annual meeting this week, executives laid out their plans for an ambitious sales growth spurt; they also addressed head-on complaints that the retailer had chosen sides in the "culture wars" by selling gay pride T-shirts.
Continue reading »Retirement
Jean Chatzky on Boomers' Incredible Shrinking Inheritances
Americans are now living longer, and the costs of elder care have soared, which means that many baby boomers%u2019 inheritances will be smaller than previous generations'. Today show financial editor Jean Chatzky offers advice on how to be ready.
Continue reading »People
Stanford Gets 110 Years for Role in $7 Billion Swindle
Former jet-setting Texas tycoon R. Allen Stanford, whose financial empire once spanned the Americas, was sentenced Thursday to 110 years in prison for bilking investors out of more than $7 billion over 20 years in one of the largest Ponzi schemes in U.S. history.
Continue reading »Retirement
Your Boss Doesn't Understand Your 401(k) Plan's Fees Either
401(k) plans are under fire for their high and often-hidden fees, which rob employees of their investment returns. But don't blame your employer -- when it comes to understanding the retirement plans they offer, the bosses are just as much in the dark as workers are.
Continue reading »Company News
Barnes & Noble Turns the Page on an Ugly Shareholder Lawsuit
Barnes & Noble is finally getting a thorny issue off its books: A shareholder-initiated lawsuit has been settled as Chairman Leonard Riggio agreed to give up $29 million from the sale of his college bookstore business to the company.
Continue reading »Family Money
Financial Advice for Teens, From Teens (and Most Teens Need It)
Last year, Charles Schwab conducted a study on teens' financial knowledge and perspectives on money. Most considered themselves pretty savvy -- but weren't. Three teens who actually are have these smart tips for their peers.
Continue reading »Investing
The Quickest Way to Double Your Money (or Lose It Twice as Fast)
Designed as an easy way for investors to make money over the long term, exchange-traded funds are quickly becoming an even easier way for investors to lose money in the short term.
Continue reading »Market News
Something's Not REIT: Real Estate CEOs Are Landing Huge Raises
Once upon a time on Wall Street, if you wanted to make big bucks, you'd head for a big bank, private equity or a hedge fund. Lately, however, things have taken a turn for the surreal. For serious coin, you might be better off running a fuddy-duddy real estate investment trust.
Continue reading »Credit
How Much Will One Late Payment Hurt Your Credit Score?
Oops! You open your credit card statement and discover you forgot to make last month's payment. Or a collections agency calls about a bill you didn't even know you had. How bad is it? How much does a single late payment affect your credit score?
Continue reading »Retirement
80 Is the New 65: How High Should We Boost Retirement Age?
Imagine what life would be like if we tacked 15 years onto the official retirement age -- it's not a particularly far-fetched scenario. AIG CEO Robert Benmosche has warned that Europe may have to do just that, and the U.S. will soon face a similar crisis.
Continue reading »Consumer Ally
How Offshoring Customer Service Puts Your Financial Data at Risk
Would you trust a stranger to keep your financial secrets? That's exactly what customers do every time they call a bank and talk with a customer service rep. But how much oversight can a bank really have when those reps are in another country?
Continue reading »Investment
Forget Gold: Titanium Will Be the Metal With the Midas Touch
Gold has long been viewed as a safe play for troubled times, but it's looking somewhat tarnished as an investment lately, as are most metals. But one incredibly useful element has the potential to buck that trend: titanium.
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Super-Size Dollar Store Savings
Dollar stores offer a large variety of products, but how can you tell which items are deals and which ones are duds? Our experts offer a few guidelines to ensure you're getting your money's worth.
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