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Financial News from CNNMoney.com

  • Warren Buffett's billions keep billowing. His company, Berkshire Hathaway, said Friday that its profit grew by nearly $2 billion in the second quarter. The company, a broad-based investment conglomerate ...

  • A man who identifies himself as a Russian soldier may have inadvertently taken two damning selfies. Alexander Sotkin posted two photos of himself to Instagram from within Ukraine -- one on June 30 and ...

  • Stocks finish tough week with more losses @ CNNMoney.com - 6 hours ago

    Investors can't seem to get relief from the summer heat. The Dow fell 70 points Friday on what turned out to be a volatile day of trading. The blue chip index finished the week lower and is now down for ...

  • It's time to start thinking of smartphones and USB Flash drives like toothbrushes or razors -- for personal use only. German security researchers have discovered that USB-connected devices have a fatal ...

  • P&G dumping 90 brands @ CNNMoney.com - 8 hours ago

    Procter & Gamble is cleaning house. The nation's largest consumer product company, will be dumping about 90 of its smaller, less popular brands. The move, announced Friday as executives discussed earnings ...

  • Lowest August gas prices in four years CNNMoney.com - 8 hours ago

    Drivers, rejoice! Gas prices are the lowest they've been at the start of August in four years. The national average price for a gallon of unleaded dropped to $3.509 on Friday, according to data provider ...

  • Learn to speak 'Game of Thrones' @ CNNMoney.com - 10 hours ago

    "Hello," "Goodbye," "I will let you live." Those are a few of phrases you'll learn to say in the warlike language of Dothraki from "Game of Thrones" with the help ...

  • Summer bummer: Hollywood suffers big slump @ CNNMoney.com - 10 hours ago

    It's been a rough summer for Hollywood. U.S. box office receipts are down 20% from last year, according to data from Rentrak, a company that analyzes movie ticket sales. That's despite the usual big slate ...

  • Small stocks sink -- bad sign for economy? CNNMoney.com - 10 hours ago

    Bigger is better in the stock market this year. The Russell 2000, an index of smaller stocks, is down 4% this year and is trailing the other major market indexes. It's a surprising turnaround, considering ...

  • Could Snapchat really be worth $10 billion? @ CNNMoney.com - 11 hours ago

    "Dumb move." "Zero sense." "Remarkably stupid." That's just a sample of the reaction last year to news that disappearing-message app Snapchat had turned down a whopping $3 ...

  • After gangbusters jobs growth in June, hiring slowed to a less impressive pace in July. The U.S. economy added 209,000 jobs last month, the Bureau of Labor Statistics reported Friday. The number was a ...

  • In case you missed it, tech has a diversity problem. EBay is the latest tech company to publish an employee diversity report, revealing it hires mostly white and male workers. The eBay numbers follow similar ...

  • India move halts $1 trillion trade deal CNNMoney.com - 12 hours ago

    A global trade deal that could have added $1 trillion to the world economy has collapsed after India refused to ratify a pact struck last year in Bali. The 'Bali Package' was hailed last December as the ...

  • GM car sales remain strong in face of recalls @ CNNMoney.com - 12 hours ago

    General Motors can't seem to stop ordering recalls. But car buyers haven't stopped buying its cars. The No. 1 U.S. automaker posted a 9% jump in sales, boosted in large part by bulk orders from car rental ...

  • While college costs and student loan bills have soared over the past decade, some students and their families are finding ways to spend (and borrow) less. Borrowing reached its lowest level in five years ...

  • A pair of sweat-stained boxing gloves worn by Muhammad Ali during his "Fight of the Century" with Joe Frazier more than 40 years ago were sold at auction Thursday for nearly $400,000. Heritage ...

  • Middle class jobs are finally coming back CNNMoney.com - 13 hours ago

    Hiring in low-wage jobs like retail and fast food have plentiful in recent years, but that's changing now. Middle class employment is on the upswing, thanks to the strengthening economy. These are jobs ...

  • July jobs report: Jobs recovery marches on CNNMoney.com - 13 hours ago

    The jobs recovery marches on, albeit at a slightly slower pace. The U.S. economy added 209,000 jobs in July, the Bureau of Labor Statistics reported Friday. That's down from 298,000 jobs added in June, ...

  • Premarkets bounce off lows on jobs report @ CNNMoney.com - 14 hours ago

    Stock futures slashed their losses Friday as the latest healthy jobs numbers fueled some early buying. Wall Street is still struggling to post a rebound after the Dow plummeted 300 points on Thursday, ...

  • 3 things Malaysia Airlines must do to survive CNNMoney.com - Thu, Jul 31, 2014 10:19 PM EDT

    Malaysia Airlines was in big financial trouble before the twin disasters of Flight 370 and Flight 17 claimed the lives of 537 people. With its reputation now severely damaged, executives are grappling ...

  • Tesla 'elves' will service cars @ CNNMoney.com - Thu, Jul 31, 2014 7:02 PM EDT

    Elon Musk wants the Tesla team to work like magic "elves" when servicing cars. The company has already shaken up the automobile industry. Musk has introduced well-reviewed cars that run only ...

  • Sharknado 2 a ratings hit CNNMoney.com - Thu, Jul 31, 2014 7:00 PM EDT

    The Syfy channel's first "Sharknado" movie last July generated buzz through social media chatter. The second movie, appropriately titled "Sharknado 2: The Second One," used a different ...

  • Unlimited vacation days and other perks you don't get CNNMoney.com - Thu, Jul 31, 2014 6:43 PM EDT
    Work stress

    How does this sound? On top of your regular two weeks of paid vacation plus holidays, your employer lets you take as much summer vacation as you like, and pays you for all but one-quarter of the time. ...

  • Musk: Expect a busy 6 months from Tesla @ CNNMoney.com - Thu, Jul 31, 2014 5:51 PM EDT

    Elon Musk gave a lot of hints about Tesla's future plans Thursday, but one thing is for sure: things there are about to get very busy. He's focusing his company on preparations to build the next generation ...

  • There might be something to this social media thing after all. LinkedIn shares surged nearly 10% in after-hours trading Thursday after reporting second-quarter earnings and sales that blew past Wall Street ...

  • Not extreme enough: GoPro fails to impress @ CNNMoney.com - Thu, Jul 31, 2014 5:02 PM EDT

    GoPro's extreme cameras normally leave viewers on the edge of their seats, but the gadget maker's first earnings report didn't give the adrenaline rush they craved. Shares of GoPro tumbled more than 6% ...

  • TD Bank thanks customers in viral video @ CNNMoney.com - Thu, Jul 31, 2014 4:58 PM EDT

    Why pay good money to release and advertisement when a viral video will do the trick? It worked for Canada-based TD Bank, which has a viral hit on its hands after filming customers who were surprised when ...

  • Grieving parents get hit with $200,000 in student loans CNNMoney.com - Thu, Jul 31, 2014 4:55 PM EDT

    When his 27-year old daughter Lisa died suddenly of liver failure five years ago, Steve Mason was as devastated as any father would be. He and his wife Darnelle immediately took in Lisa's three children ...

  • Stocks look set to end July with whimper @ CNNMoney.com - Thu, Jul 31, 2014 4:28 PM EDT

    The best thing we can say about Thursday's stock market trading is that it is now over. The Dow fell 317 points, erasing all of its gains for the year. The S&P 500 and Nasdaq fell sharply as well, each ...

  • Small purchases trigger big overdraft fees CNNMoney.com - Thu, Jul 31, 2014 4:06 PM EDT

    Even the smallest debit card purchases are leading to big fees for customers who overdraw their bank accounts. If you've opted in to overdraft protection at your bank or credit union, every time you make ...

  • Women on U.S. currency? 'A pretty good idea' says Obama CNNMoney.com - Thu, Jul 31, 2014 3:17 PM EDT

    Move over, George Washington. Eleanor Roosevelt might be taking your spot on the $1 bill. A young girl's letter to President Obama sparked a discussion about the possibility of adding women's faces on ...

  • Russia sanctions: West's top 15 targets @ CNNMoney.com - Thu, Jul 31, 2014 2:18 PM EDT

    Europe and the U.S. are trying to hit Russia's economy by restricting its access to Western finance, oil technology and arms. Here are the 15 most important companies and individuals now subject to Western ...

  • RadioShack's days are numbered @ CNNMoney.com - Thu, Jul 31, 2014 2:03 PM EDT

    RadioShack's future is about as bright as the VHS tapes it used to sell. The chain of 4,000 stores has just $62 million in cash left - a figure that is rapidly approaching zero. Things are so dire that ...

  • Boring bonds beat sexy stocks. Here's why @ CNNMoney.com - Thu, Jul 31, 2014 1:43 PM EDT

    The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any ...

  • Europe hits Russia's biggest banks @ CNNMoney.com - Thu, Jul 31, 2014 12:28 PM EDT

    Europe cranked up the pressure on Russia on Thursday by including the country's top two banks on a list of sanctions. Publishing details of new measures aimed at disrupting activity in Russia's banking, ...

  • T-Mobile soars on French takeover rumor @ CNNMoney.com - Thu, Jul 31, 2014 12:24 PM EDT

    Shares of T-Mobile USA soared 6% higher Thursday on buzz about a possible takeover from a French telecom company. The news that France's Iliad might be making an offer for T-Mobile quickly ripped through ...

  • Can Whole Foods turn itself around? @ CNNMoney.com - Thu, Jul 31, 2014 12:08 PM EDT

    Once the King of Kale, Whole Foods is now fighting to maintain its share of an increasingly crowded market for healthy food. Whole Foods, the leading organic grocery chain, with 388 stores in North America ...

  • FCC calls Verizon plan to throttle connections 'disturbing' CNNMoney.com - Thu, Jul 31, 2014 11:32 AM EDT

    Verizon's biggest users may soon find that their data plans aren't so "unlimited" after all. And federal regulators aren't happy about it. Federal Communications Commission chairman Tom Wheeler ...

  • WWE slams workers by axing 7% of jobs @ CNNMoney.com - Thu, Jul 31, 2014 11:12 AM EDT

    World Wrestling Entertainment is known for its bone-crushing body slams, but now the company is slamming its workers. WWE revealed plans on Thursday to slash 7% of its workforce in an effort to save cash. ...

  • Is the iPad doomed? CNNMoney.com - Thu, Jul 31, 2014 11:06 AM EDT
    10 Things About My iPhone That Still Drive Me Crazy

    Tablet sales are "crashing," says Best Buy's CEO! IPad sales are sinking fast! Is this the beginning of the end for the tablet? Easy, there, tiger. Tablets are still popular and sales are growing ...

  • QE4? Wall Street craves a tax holiday @ CNNMoney.com - Thu, Jul 31, 2014 11:04 AM EDT

    As the Fed pulls away the easy-money punch bowl, maybe this bull market needs a "holiday" to keep the party going. No, not another federal holiday to honor a dead president. (Coolidge, perhaps?) ...

  • How to shop for back-to-school tax-free CNNMoney.com - Thu, Jul 31, 2014 11:02 AM EDT

    If you're going to drop hundreds of dollars on back-to-school supplies, you might as well do it now. Starting this week, 15 states are offering tax breaks that can save shoppers between 4% and 7%. (Mississippi ...

  • Cronut creator launches ice cream sundaes in a can CNNMoney.com - Thu, Jul 31, 2014 10:47 AM EDT

    Cronut imitators, take note! The chef behind the infamous Cronut, Dominique Ansel, announced his newest concoction: an ice cream sundae ... in a can. The "Pop It" dessert was devised in collaboration ...

  • Santa Fe inn's $7 million profit-sharing plan CNNMoney.com - Thu, Jul 31, 2014 10:03 AM EDT

    When Terrell White was growing up in El Paso, Texas, he worked in the family business, a residential hotel called the Colonial Terrace. "I did everything from washing dishes to cleaning the rooms ...

  • Six obstacles to being a cyborg CNNMoney.com - Thu, Jul 31, 2014 10:00 AM EDT

    When Neil Harbisson gets out of a car, the antenna coming out of his head sometimes gets suck in branches. It's one of the things he had to get used to when he became a cyborg. Protruding from the back ...

  • Western firms begin to feel Russian pain @ CNNMoney.com - Thu, Jul 31, 2014 9:47 AM EDT

    Adidas has become the latest big Western company to warn that Russia's economic woes are taking a toll on its business. Shares in the German sportswear company plunged by as much as 16% Thursday after ...

  • From maximum security prison to tech entrepreneur CNNMoney.com - Thu, Jul 31, 2014 9:09 AM EDT

    Staying in touch with loved ones while incarcerated is the ultimate lifeline, according Marcus Bullock, creator of photo postcard app, Flikshop. He would know. At the age of 15, Bullock was convicted for ...

  • Sharp increase in older workers with 3 jobs @ CNNMoney.com - Thu, Jul 31, 2014 9:02 AM EDT

    Three jobs. That's the new reality for many older workers. Today, 115,000 people over the age of 55 are working three jobs, according to the Department of Labor. That's a 170% increase from 43,000 in 1994, ...

  • Target taps Wal-Mart veteran to lead comeback @ CNNMoney.com - Thu, Jul 31, 2014 8:26 AM EDT

    Target's effort to recover from its recent security problems will be headed by a former Wal-Mart exec. Brian Cornell has been named by Target as its CEO, effective Aug. 12. Cornell, who's 55, is coming ...

  • No deal: Argentina in default as talks fail CNNMoney.com - Thu, Jul 31, 2014 7:52 AM EDT

    Argentina has defaulted for the second time in 13 years after officials failed to come to an agreement with the country's bondholders. After frantic last minute talks failed to produce a deal late Wednesday, ...

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