Fed Sticks to Stimulus Plan, Warns Growth Hampered by Budget Cuts
The Fed is sticking with its bond-buying plan to push down borrowing costs and prop up the economy, citing risks to growth from recent budget tightening in Washington.
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No Surprises Expected as Fed Ends 2-Day Meeting
The Federal Reserve is widely expected Wednesday to stick with its aggressive efforts to strengthen a still-subpar economy.
The LIBOR Scandal Explained in One Simple Infographic
The LIBOR scandal is being called the "Wall Street scandal of all scandals" but the nature of this massive fraud can be hard to fathom. This nifty infographic from AccountingDegree.net gives non-finance folk an idea of what the scandal is all about.
No Pain, but No Gain: Why It's Time to Dump Your Money Market Mutual Funds
U.S. savers have trillions of dollars in money market mutual funds due to their perceived safety. But in recent years, they've been earning their investors less than 0.1% a year -- and they may not even be a safe as you thought. Here's why it's time to pull your money out.
The $800 Trillion Scandal: How Banks' LIBOR Lies Affected You
The incredible LIBOR rate-rigging scandal is huge, and it's only going to grow in scope: Many of the world's largest banks have already been implicated in manipulating interest rates that are tied to some $800 trillion in loans and securities.
European Central Bank Cuts Rates to New Low to Help Economy
The European Central Bank has cut its key interest rate by a quarter percentage point to a record low of 0.75% to boost a eurozone economy weighed down by the continent's crisis over too much government debt.
You're a Responsible Borrower? 'So What?' Say Credit Card Banks
Lately, the banks that issue credit cards have seen some big improvements in the way their customers have been handling their bills. But no surprise -- the card companies aren't repaying the favor.
Fed Extends 'Twist' Program to Drive Interest Rates Lower
The Federal Reserve acted Wednesday to lift an economy that's being held back by a weakened job market, extending a program designed to spur borrowing and spending through lower long-term interest rates.
Get Ready, America: The Debt Ceiling Debate Is Back
The U.S. is again closing in on its debt limit, and if a recent statement by Republican Speaker of the House John Boehner is any indication, another fight with the Obama administration over the issue is ahead. Here's a preview of what we might expect.
Economically, What Happens in Europe Doesn't Stay in Europe
Sunday's elections in France and Greece were a firm vote against austerity, and regardless of the merits of either side of the debate, that means the future of the eurozone is again in doubt. Here's why the bond markets care so much -- and why you should, too.
Yo-Yo Financing: Don't Fall for This Car-Buying Speed Trap
When car buyers take possession of a vehicle before their financing arrangements are complete, they're risking a big money mess if the loan falls through. And some less scrupulous dealers will take advantage. Here's what you need to know to avoid the yo-yo financing trap.
Spain Is Struggling With Its Debt, and You Should Be Worried
Rising Spanish bond yields: If you've heard those four words in the news recently, you may not have paid much attention. But that phrase foretells a potential crisis that could swamp America's fragile economic recovery.
Municipal Bonds Aren't Just for the Rich Anymore
This income investment has become more attractive recently. Yet because it's perceived as being strictly for the wealthy, many ordinary Americans never think twice about it.
When Is the Right Time for You to Start Taking Social Security?
Start early and get less each month? Wait longer and get bigger checks, but fewer of them. We break down the math.
Fed Notes Better Economy, Takes No Policy Action
The Federal Reserve offered a more positive view of the economy after a burst of hiring since its last meeting. It held off taking further steps to boost the recovery and reiterated its plan to keep short-term interest rates near zero until at least late 2014. The Fed's statement issued after Tuesday's one-day meeting was more upbeat than the one it released in January.