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Financial News from CNNMoney.com

  • Can anything save Sony? @ CNNMoney.com - 2 hours 30 minutes ago

    Sony is in dire straits. Major rating agencies Fitch and Moody's have downgraded the company to "junk" status. Standard & Poor's has warned it could soon do the same. The latest indignity came ...

  • Instead of flocking to sunny beach havens or downsizing to a condo in the city during their retirement years, a majority of Baby Boomers say they're just going to stay put in their old home. In a survey ...

  • World Series 'Chevy Guy' wins the internet @ CNNMoney.com - 6 hours ago

    Giants' pitcher Madison Bumgarner may have gotten the trophy, but the true MVP of the World Series Wednesday night was Rikk Wilde. Wilde, or as the Internet has dubbed him "Chevy Guy" was given ...

  • Giant ratings for World Series Game 7 CNNMoney.com - 6 hours ago

    While game 1 of the 2014 World Series struck out in the ratings , game 7 was nothing less than a home run for Fox. Wednesday night's deciding game -- which saw the San Francisco Giants beat the Kansas ...

  • If you exited the stock market earlier this month, you sure have something to "boo" about this Halloween. October turned out to be a nice treat for investors. Those who stayed in are having an ...

  • Starbucks shares could use a pick-me-up @ CNNMoney.com - 7 hours ago

    Shareholders found Starbucks lukewarm this go-round. The coffee giant reported earnings that largely came in line with Wall Street's expectations, but next quarter's numbers might have investors worried. ...

  • LeBron tickets soar to nearly $1,000 CNNMoney.com - 9 hours ago

    Ticket prices for LeBron James' homecoming game have jumped higher than even he can. Seats at the Cleveland Cavaliers' home opener on Thursday are up as much as 1,660% from last year, according to StubHub. ...

  • Microsoft has launched a new smartwatch, and it makes some majorly lofty promises. The Microsoft Band will "know you better than you know yourself" and it will "help you be a better human," ...

  • You're still a ratings success, Charlie Brown! The Halloween mainstay "It's the Great Pumpkin, Charlie Brown!" may be old, but it's still a ratings treat for ABC. When the 1966 Halloween special ...

  • The world is running out of plasma TVs @ CNNMoney.com - 10 hours ago

    And then there were none. The last company to make plasma TV screens for U.S. consumers said this week that it would stop production of plasma sets in November. The widely expected announcement by LG has ...

  • America loves a good comeback story. Especially when the stock market is the protagonist. Investors were having panic attacks mid-month. Nearly all the gains for the year were wiped out. Now the Nasdaq ...

  • New York Times shares slammed on grim forecast @ CNNMoney.com - 11 hours ago

    Things are about to get worse at the New York Times. The company told investors Thursday to get ready for a drop in ad spending in the fourth quarter - news that crushed the stock, sending it down 6%. ...

  • Homelessness slowly on the decline CNNMoney.com - 11 hours ago

    The nation's homeless population, and especially the number of families without shelter, continues to decline, according to a new report. An annual federal government census found about 578,000 homeless ...

  • Dirty tricks of the student loan industry CNNMoney.com - 12 hours ago

    The Consumer Financial Protection Bureau put student loan servicers on notice this week with a report detailing industry practices it found suspect. These companies help collect on the $1.2 trillion in ...

  • Tim Cook isn't the only gay CEO @ CNNMoney.com - 12 hours ago

    It's a landmark moment for both the gay community and the business world. Tim Cook is now the first and only openly gay chief executive in the Fortune 500. Of course, many lesbian, gay, bisexual and transgendered ...

  • Turns out I'm not actually that popular with the ladies of flirtcrowd.com. The Federal Trade Commission has fined UK-based JDI Dating for using fake, computer-generated profiles to trick users into upgrading ...

  • Thanks, Coke! Keurig is best stock of 2014 @ CNNMoney.com - 13 hours ago

    Make the next K-cup of coffee a double. Keurig Green Mountain is the best-performing stock in the S&P 500 this year. Shares are up nearly 100% and are near their all-time high. But can the stock keep climbing? ...

  • Ca-Ching! Visa, MasterCard surge again @ CNNMoney.com - 13 hours ago

    Consumers continue to ramp up spending -- and that's very good news for both Visa and MasterCard. Shares of the card giants popped Thursday after both logged strong quarterly profits and China announced ...

  • The price is not right for many oil rich nations. Oil is selling for roughly $83 a barrel on the global market. That's bad news for Iran, Nigeria, Venezuela, Russia, and Saudi Arabia, among others. They ...

  • [video] Share a Coke with Green Mountain? @ CNNMoney.com - 13 hours ago

    Keurig Green Mountain is the best performing stock in the S&P 500 this year. Shares have nearly doubled thanks to a big investment by Coke. Should Coke buy all of it? Keurig CEO Brian Kelley used to work ...

  • The new technology economy has transformed communications, retailing, travel, journalism, dating, and pretty much everything else it has touched. Now it's also changing the form and focus of civic engagement. ...

  • US economy chugging along at 3.5% growth CNNMoney.com - 14 hours ago

    The American economy had a smooth summer. Gross domestic product increased 3.5% between July and September, according to the U.S. Commerce Department. It exceeded analysts' expectations and offered more ...

  • They can be colorful, shiny, blinged out and even fuzzy. And they're showing up on men's feet around the world. Luxury spending is slumping this year, but one area continues to have a strong foothold: ...

  • Many college kids spend hours watching The History Channel. Now, students at the University of Oklahoma will be able to get college credit for it. On Tuesday, the History Channel announced a partnership ...

  • That idea you had about bringing your Google Glass to the movie theater to surreptitiously record Ben Affleck bare all in "Gone Girl"? Don't even think about it, the movie industry says. It announced ...

  • Apple CEO Tim Cook came out Thursday, announcing that he is gay in a column in Bloomberg Businessweek. "Let me be clear: I'm proud to be gay, and I consider being gay among the greatest gifts God ...

  • Premarkets: 4 things to know before the open @ CNNMoney.com - 19 hours ago

    Happy GDP day! Here are the four things you need to know before the opening bell rings in New York: 1. Get ready for GDP: At 8:30 a.m. ET, the U.S. Bureau of Economic Analysis will release its first official ...

  • Ballmer: Clippers' opener is a 'product launch' CNNMoney.com - Wed, Oct 29, 2014 11:22 PM EDT

    Hard work, anticipation and an unpredictable outcome. Steve Ballmer, the former CEO of Microsoft, is finding that owning a basketball team isn't so different from running a tech company. Ballmer bought ...

  • Samsung profit plunges 60% amid smartphone troubles CNNMoney.com - Wed, Oct 29, 2014 10:30 PM EDT

    Samsung earnings plunged in the third quarter as the company's smartphone business was squeezed by competitors at both ends of the cost spectrum. The South Korea-based firm posted operating profit of 4.1 ...

  • Regulator calls out student loan industry CNNMoney.com - Wed, Oct 29, 2014 7:46 PM EDT

    The Consumer Financial Protection Bureau put student loan servicers on notice this week with a report detailing industry practices it found suspect. The report, which doesn't name any individual companies ...

  • Rents are soaring -- and so are evictions CNNMoney.com - Wed, Oct 29, 2014 7:22 PM EDT

    In cities across the United States, millions of people will be kicked out of their homes this year. Some can't afford their soaring rent, others are getting evicted over minor violations by landlords eager ...

  • Stuck in cycle of debt, domestic violence victims battle banks CNNMoney.com - Wed, Oct 29, 2014 6:03 PM EDT

    Amy Kukec thought leaving her abusive husband would be the beginning of a new life, but so far she's hit one debilitating financial roadblock after another. Weeks before the couple separated in January, ...

  • Taylor Swift's new single to benefit NYC schools CNNMoney.com - Wed, Oct 29, 2014 5:27 PM EDT

    Taylor Swift bought a $20 million townhouse in Manhattan this year, and it seems like she really wants her new home town to like her. So the pop star has pledged to donate all the money she makes from ...

  • Has Verizon's new tech site banned controversial topics? CNNMoney.com - Wed, Oct 29, 2014 4:56 PM EDT

    Verizon's new tech site SugarString.com boasts that it will publish "thoughtful tech-focused stories that track humanity's climb towards the new next." However, a news report says that some stories ...

  • Verizon ad tech raises privacy concerns @ CNNMoney.com - Wed, Oct 29, 2014 4:42 PM EDT

    Attention Verizon Wireless customers: you may be getting tracked online. The mobile carrier has been using technology that assigns unique identification codes to users as they browse the Web on their phones, ...

  • Costco isn't the only store closed on Thanksgiving day @ CNNMoney.com - Wed, Oct 29, 2014 4:03 PM EDT

    Once upon a time, you could eat Thanksgiving dinner without worrying whether you might miss a doorbuster deal. But in the last couple of years, stores have been falling over each other to offer Black Friday ...

  • Fed ends 6-year effort to stimulate economy CNNMoney.com - Wed, Oct 29, 2014 3:21 PM EDT

    The Federal Reserve announced the end of its bond-buying program Wednesday, marking the close of a six-year effort to stimulate the economy. The decision reflects how much the economy has improved since ...

  • Ferrari has been making some of the hottest cars in the world since Enzo Ferrari founded the company in 1929. That's not likely to change now that Ferrari has announced its intention to become a stand-alone ...

  • Murdoch: MySpace failure was my fault @ CNNMoney.com - Wed, Oct 29, 2014 2:46 PM EDT

    MySpace could have been as big as Facebook or YouTube -- and Rupert Murdoch blames himself. "We just messed it up," Murdoch said at the Wall Street Journal Digital Conference in Laguna Beach, ...

  • Apple Pay rival CurrenC just got hacked @ CNNMoney.com - Wed, Oct 29, 2014 2:43 PM EDT

    Apple Pay rival CurrentC has been hacked. The mobile payments app -- which isn't even officially out yet -- was created for the sole purpose of getting stores away from credit card fees they pay every ...

  • Sheep mow the grass in Cleveland CNNMoney.com - Wed, Oct 29, 2014 2:38 PM EDT

    Mowing the lawn is a pain. An unkempt yard is a hazard. Solution: Bring in the sheep. On a four-acre patch of unused industrial land along Cleveland's Lake Erie shore, a flock of 36 sheep (plus one protective ...

  • The richest women around the world CNNMoney.com - Wed, Oct 29, 2014 2:36 PM EDT
    Bill Gates vẫn là người giàu nhất nước Mỹ

    Want to know which women are leaning in to huge piles of cash? A new report from Wealth-X lists the wealthiest women in each region around the world, who control a total of $114.6 billion of personal wealth. ...

  • Number of billionaires doubles since crisis CNNMoney.com - Wed, Oct 29, 2014 2:35 PM EDT

    The number of billionaires has more than doubled to 1,645 since the financial crisis. But as the ranks of those with 10-figure fortunes swelled, the gap between the rich and poor has widened rapidly, a ...

  • BlackBerry unveils new 'Classic' phone for CrackBerry addicts CNNMoney.com - Wed, Oct 29, 2014 1:54 PM EDT

    BlackBerry has unveiled a new smartphone that has a distinctly old-school feel. The BlackBerry Classic, announced Wednesday, has all the old BlackBerry staples, including a trackpad, navigation keys, and ...

  • Orbital Sciences: Stock plunges after rocket explosion @ CNNMoney.com - Wed, Oct 29, 2014 1:51 PM EDT

    Shares of Orbital Sciences, maker of the unmanned rocket that exploded, plunged about 16% Wednesday before trading of the stock was halted around midday. The rocket exploded shortly after it launched off ...

  • How much should a young worker save for retirement? CNNMoney.com - Wed, Oct 29, 2014 1:36 PM EDT

    I'm a 22-year-old college grad who has recently started his first full-time job. How much should I be thinking about retirement and what is the appropriate amount to save? -- Henry, Charlotte, N.C. Clearly, ...

  • Verizon's new tech site bans certain stories CNNMoney.com - Wed, Oct 29, 2014 1:30 PM EDT

    Verizon's new tech site SugarString.com boasts that it will publish "thoughtful tech-focused stories that track humanity's climb towards the new next." Just as long as those stories don't report ...

  • Game 7 standing room only tickets: $800 CNNMoney.com - Wed, Oct 29, 2014 1:26 PM EDT

    People are paying about $1,000 to see Kansas City play San Francisco in Game 7 of the World Series Wednesday night. Even standing room only tickets are going for as much as $800 on StubHub. Ticket prices ...

  • [video] Costco employees have Thanksgiving off @ CNNMoney.com - Wed, Oct 29, 2014 1:15 PM EDT

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  • Lysol customers want to know: Can it prevent the spread of Ebola? @ CNNMoney.com - Wed, Oct 29, 2014 1:14 PM EDT

    Lysol says its phones are ringing off the hook. Customers want to know if its cleaning products are effective Ebola killers. "We have seen an exponential increase in the number of queries we get from ...

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