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Financial News from CNNMoney.com

  • Lara Spencer, a supporting member of the "Good Morning America" cast for the past three years, has been promoted to co-host, ABC said Friday. The promotion puts Spencer on par with George Stephanopoulos ...

  • Your Internet security relies on a few volunteers @ CNNMoney.com - Fri, Apr 18, 2014 6:58 AM EDT

    Last week's Heartbleed Internet bug revealed a startling fact. The software protecting banks, email, social media and government is maintained by only a few people. They're all volunteers. And only one ...

  • Alfa Romeo returns to America... at last CNNMoney.com - Fri, Apr 18, 2014 6:55 AM EDT

    Following a nearly 20 year absence Alfa Romeo is returning to the United States market with the 4C, an exotic-looking two-seat sports car that made its American debut at the New York Auto Show. Alfa's ...

  • China's tech companies target bank business CNNMoney.com - Fri, Apr 18, 2014 2:54 AM EDT

    Yuan Ye has just sunk his $17,000 in life savings into an unusual investment: Yu'ebao, a fund run by Chinese e-commerce heavyweight Alibaba. Yuan, the owner of a popular live music bar in the heart of ...

  • Wealthy investors flock to fine art funds CNNMoney.com - Thu, Apr 17, 2014 10:07 PM EDT

    Wealthy investors looking to diversify beyond stocks and bonds are now turning to an unusual money-making vehicle -- the art investment fund. The name says it all: These funds invest in fine art and seek ...

  • 'A scammer stole my tax refund' CNNMoney.com - Thu, Apr 17, 2014 7:46 PM EDT

    Pamela Knighton, a 51-year-old social worker from Cuthbert, Ga. who earns less than $25,000 a year, had been really looking forward to her tax refund of around $1,000 last year. But when she filed her ...

  • Michaels hack hit 3 million @ CNNMoney.com - Thu, Apr 17, 2014 7:27 PM EDT

    A security breach at Michaels Stores lasted eight months and affected about 3 million customers, the company said Thursday. The news comes three months after the nation's largest crafts chain told customers ...

  • [video] How hackers beat the Heartbleed bug @ CNNMoney.com - Thu, Apr 17, 2014 5:16 PM EDT

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  • 8 million sign up for Obamacare CNNMoney.com - Thu, Apr 17, 2014 5:09 PM EDT

    Some 8 million people have signed up for health insurance through the Obamacare exchanges, President Obama said Thursday, putting sign-ups above the initial goal of 7 million. But the final enrollment ...

  • Stocks end week up over 2% @ CNNMoney.com - Thu, Apr 17, 2014 4:47 PM EDT

    Investors were ready for the long weekend, and it showed. Trading meandered around the breakeven mark for much of the day. Volume was light. The Dow fell more than 50 points this morning, but by the afternoon ...

  • Judge won't force GM owners to 'park' cars CNNMoney.com - Thu, Apr 17, 2014 4:10 PM EDT

    A federal court judge denied an emergency motion Thursday that would have required General Motors to tell recalled car owners to stop driving those vehicles. Plaintiffs Charles and Grace Silvas, the owners ...

  • Walmart offers cheaper money wire service @ CNNMoney.com - Thu, Apr 17, 2014 2:10 PM EDT

    Walmart has introduced a new, lower-priced money transfer service that could undercut the traditional players in the industry. Often, the millions of Americans who don't have bank accounts are forced to ...

  • Former BP manager charged with insider trading @ CNNMoney.com - Thu, Apr 17, 2014 1:27 PM EDT

    A former BP manager who led clean-up efforts after the massive Gulf of Mexico oil spill in 2010 has settled charges that he traded inside information about the catastrophe. The Securities and Exchange ...

  • Obama would cut deficits by another $1 trillion CNNMoney.com - Thu, Apr 17, 2014 12:58 PM EDT

    The official nonpartisan take on President Obama's 2015 budget proposal is in: He would curb deficits even more than today's policies. Of course, the budget wheels for next year are already in motion in ...

  • Weibo @ CNNMoney.com - Thu, Apr 17, 2014 12:17 PM EDT

    Weibo shares edged higher on the first day of trading Thursday, in what could be a positive sign for other Chinese technology companies hoping to list on the U.S. market. The Chinese social media company, ...

  • Weibo IPO: not looking good for Chinese stocks debuting in U.S. CNNMoney.com - Thu, Apr 17, 2014 11:59 AM EDT

    Get ready for the Chinese stock invasion. Weibo, dubbed the Twitter of China, will begin trading Thursday under the ticker symbol WB. The goal is to raise about $400 million . While Weibo was always expected ...

  • [video] Barbie. So not hot right now @ CNNMoney.com - Thu, Apr 17, 2014 11:51 AM EDT

    Barbie. So not hot right now

  • Is the bull market almost done? @ CNNMoney.com - Thu, Apr 17, 2014 11:38 AM EDT

    In the hit movie and novel "Divergent", people are divided into different tribes bases on their personalities. If you don't fit in somewhere you're considered "divergent", and that's ...

  • Detroit pension cuts hit civilian workers hardest CNNMoney.com - Thu, Apr 17, 2014 11:26 AM EDT

    As Detroit moved closer to plugging its massive financial hole this week, a stark fact of life was hammered home for thousands of retirees: Civilian employees, including sanitation and office workers, ...

  • NBA player to open Hooters in Russia @ CNNMoney.com - Thu, Apr 17, 2014 10:56 AM EDT

    Andrei Kirilenko, the National Basketball Association player known as AK-47, plans to open five Hooters franchise restaurants in his native Russia. Kirilenko, a player for the Brooklyn Nets, told CNNMoney ...

  • GM's recalled Cobalt was a failure from the start @ CNNMoney.com - Thu, Apr 17, 2014 10:43 AM EDT

    The Chevrolet Cobalt, the car at the center of the General Motors recall crisis, was a losing bet from the start. The automaker never really wanted to build the compact sedan, and it showed. Critics and ...

  • Chipotle's 'Burrito boom' continues, but prices are going up @ CNNMoney.com - Thu, Apr 17, 2014 9:42 AM EDT

    The burrito business is booming, but rising commodities prices are taking a bigger bite. Chipotle Mexican Grill (CMG) is proving to be one of the best at bringing burritos to the masses. The fast food ...

  • China's spending crackdown hits drinks giants @ CNNMoney.com - Thu, Apr 17, 2014 9:34 AM EDT

    China's crackdown on extravagant spending by officials is creating a headache for some of the world's biggest drinks companies. Diageo and Remy Cointreau -- the companies behind brands such as Smirnoff ...

  • [video] How Marissa Mayer changed Tumblr @ CNNMoney.com - Thu, Apr 17, 2014 9:21 AM EDT

    How Marissa Mayer changed Tumblr

  • Goldman Sachs investment banking roars back @ CNNMoney.com - Thu, Apr 17, 2014 8:29 AM EDT

    Wall Street's most gilded firm once again showed why it is just that. Goldman Sachs reported first quarter earnings Thursday that handily beat analyst estimates The firm said revenue from investment banking, ...

  • Cruise companies on the hunt for China's tourist dollars @ CNNMoney.com - Thu, Apr 17, 2014 7:16 AM EDT

    Royal Caribbean Cruises will base its newest ship in Shanghai, the latest move in a race to capture big tourism dollars flowing out of China. The ship, Quantum of the Seas, will make its home in China ...

  • Hybrid laundromat-cafes are popping up across the country CNNMoney.com - Thu, Apr 17, 2014 7:05 AM EDT

    Nestled on a New York side street, a new type of laundromat has opened its doors, offering gourmet cheese sandwiches and drop-off laundry services. "Our coffee shop is a bar, cafe and a laundromat. ...

  • Premarkets: Cautious after three-day rally @ CNNMoney.com - Thu, Apr 17, 2014 6:49 AM EDT

    Following three days of stock market gains, investors are feeling cautious again after Google and IBM posted earnings that disappointed Wall Street. U.S. stock futures were edging lower ahead of the opening ...

  • Nearly 2 million homeowners no longer 'seriously' underwater CNNMoney.com - Thu, Apr 17, 2014 1:02 AM EDT

    Surging home prices have helped nearly two million homeowners get back above water on their mortgages over the past year. During the first quarter, 9.1 million, or 17%, of homeowners were seriously underwater ...

  • Ousted Yahoo exec gets $58 million golden parachute @ CNNMoney.com - Thu, Apr 17, 2014 12:46 AM EDT

    Former chief operating officer Henrique de Castro left Yahoo with an severance package worth $58 million, according to a regulatory document filed Wednesday with the SEC. The golden parachute is among ...

  • Weibo IPO leads a Chinese stock invasion CNNMoney.com - Wed, Apr 16, 2014 11:39 PM EDT

    Get ready for the Chinese stock invasion. Weibo, dubbed the Twitter of China, will begin trading Thursday under the ticker symbol WB. The goal is to raise about $400 million . While Weibo was always expected ...

  • Election optimism drives India markets despite pitfalls CNNMoney.com - Wed, Apr 16, 2014 10:30 PM EDT

    Indian markets are riding high as investors bet that an election and new administration will cure some of the country's economic ills. Mumbai's benchmark Sensex index has trounced its Asian peers in recent ...

  • NY Attorney General subpoenas HFT firms CNNMoney.com - Wed, Apr 16, 2014 5:53 PM EDT

    High speed traders aren't having a great 2014. The New York Attorney General's office recently sent subpoenas to a number of firms specializing in high-frequency trading, "HFT" for short, according ...

  • Google stock sinks after missing Street @ CNNMoney.com - Wed, Apr 16, 2014 4:50 PM EDT

    Investors are getting impatient with Google over its mobile strategy. Google shares sank 6% in after-hours trading Wednesday after the company posted first-quarter earnings and sales that missed expectations. ...

  • Detroit reaches deal limiting pension cuts CNNMoney.com - Wed, Apr 16, 2014 4:47 PM EDT

    Detroit's emergency manager and pension funds for 23,000 workers and retirees hammered out tentative deals on Tuesday, marking a major step forward in the city's efforts to exit bankruptcy. If approved, ...

  • Feel good Wednesday: Markets up 1% @ CNNMoney.com - Wed, Apr 16, 2014 4:44 PM EDT

    Investors did a happy dance on Wednesday as earnings, economic data and Janet Yellen brought good news. The Dow soared 162 points, while the S&P 500 and Nasdaq both bounced over 1%. Despite a lot of choppiness ...

  • US Airways won't fire worker who sent lewd tweet @ CNNMoney.com - Wed, Apr 16, 2014 4:18 PM EDT

    The US Airways employee responsible for sending out a pornographic tweet Monday will not be fired, the company said, because it was a mistake. A link to a pornographic image was included in a tweet from ...

  • Canadians arrest a Heartbleed hacker CNNMoney.com - Wed, Apr 16, 2014 3:47 PM EDT

    Canadian mounties have arrested a teenager who, they say, used the Heartbleed Internet bug to hack into the country's tax agency. Shortly after the Internet bug was revealed to the world last week, the ...

  • KFC brings back its fabled Double Down @ CNNMoney.com - Wed, Apr 16, 2014 1:59 PM EDT

    KFC is bringing back the Double Down, a bacon and cheese sandwich that uses two fried chicken filets as a bun. But like a spring chicken, it won't be around for long. "Yes, it's true! What is arguably ...

  • Yahoo surges on solid first quarter, Alibaba growth @ CNNMoney.com - Wed, Apr 16, 2014 1:32 PM EDT

    Marissa Mayer and Yahoo are still in the midst of their turnaround effort, but investors like what they saw in the company's first-quarter results. Shares surged 6% Wednesday after Yahoo posted earnings ...

  • Toyota unveils redesigned Camry @ CNNMoney.com - Wed, Apr 16, 2014 12:49 PM EDT

    In a bid to maintain its standing as America's most popular car, Toyota unveiled a substantially redesigned -- and less conservative-looking -- Camry at the New York Auto Show Wednesday. "Customers ...

  • [video] Intel bucks tech stock slide @ CNNMoney.com - Wed, Apr 16, 2014 11:48 AM EDT

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  • [video] GM's CEO: Cost of fix 'not my focus' @ CNNMoney.com - Wed, Apr 16, 2014 9:30 AM EDT

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  • The Artist Pension Fund helps artists plan for their retirement CNNMoney.com - Wed, Apr 16, 2014 7:22 AM EDT

    Like most artists, Marc Swanson's work doesn't lend itself to planning for retirement. He spends most of his day draping pieces of fabric into elaborate, life-sized art installations. Swanson works on ...

  • 5 people you might not tip (but should) CNNMoney.com - Wed, Apr 16, 2014 7:14 AM EDT

    It starts with an awkward moment. A business transaction happens, and it's hard to know what to do next -- is a thank you enough? A handshake? Or is it a good time to slip somebody a few bills? It depends ...

  • New York's hottest nightclub... for kids CNNMoney.com - Wed, Apr 16, 2014 7:10 AM EDT

    The dance floor was thick with the smell of sweat and alcohol, and tattooed arms waved neon glow sticks through the dark as a remix of Miley Cyrus's "Wrecking Ball" filled the club. It was what ...

  • Want to make money as a landlord? Try Detroit CNNMoney.com - Wed, Apr 16, 2014 7:03 AM EDT

    Want to make money as a landlord? Consider Detroit... seriously. Real estate investors are flocking to the city -- not only to take advantage of some of the best deals in the nation, but also because occupancy ...

  • Starbucks to pay more tax after moving HQ to London @ CNNMoney.com - Wed, Apr 16, 2014 6:46 AM EDT

    Starbucks will pay more tax in the U.K. after moving its European headquarters to London from Amsterdam at the end of this year. The company says the switch will allow better supervision of its biggest ...

  • Premarkets: Stocks get a boost from earnings, China GDP @ CNNMoney.com - Wed, Apr 16, 2014 5:25 AM EDT

    There's a distinctly upbeat mood in the markets Wednesday morning. U.S. stock futures were moving higher after a set of positive earnings and better-than-expected Chinese GDP data boosted investor sentiment. ...

  • China GDP slows to 7.4% in first quarter CNNMoney.com - Tue, Apr 15, 2014 11:39 PM EDT

    China's economy lost some momentum in the first quarter, turning in a ho-hum performance that underscores the difficulty of executing reforms amid slowing growth. The world's second-largest economy grew ...

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