Business News

Entertainment

Immigration

Politics

Sports

Main News

 

 

 

 

Traffic Deaths Fall as Gas Prices Climb
The upside of high gas prices: less drivers on the road and less accidents.

Bush Drops Housing Bill Objections
In reversal, Bush says he will sign Democrat-sponsored bill to help homeowners.

Price of Oil Slips Under $127 a Barrel
Data today expected to show rise in gasoline stocks and weakening demand.

World's Most Expensive Cups Of Coffee
In these cities, the typical cup of joe goes for more than $5.

House OKs mortgage rescue
The House on Wednesday voted 272-152 to pass sweeping legislation that will offer up to $300 billion in assistance to troubled homeowners and throw government support behind mortgage finance giants Fannie Mae and Freddie Mac.

Oil tumbles $4
Oil prices continued to decline Wednesday, falling as much as $4.12 a barrel, after a government report showed stronger-than-expected inventories and a bearish Federal Reserve report on the economy.

Stocks end higher on sliding oil prices
Stocks finished higher Wednesday as investors cheered falling oil prices and waited to see if the House passed a bill that would support the struggling housing market.

Amazon shows resilience in tough economy
Read full story for latest details.

Middle class: 'On the edge'
America's middle class is growing increasingly squeezed by sagging incomes and soaring expenses, experts told Congress on Wednesday.

The Market

Stocks end higher on sliding oil prices
Stocks finished higher Wednesday as investors cheered falling oil prices and waited to see if the House passed a bill that would support the struggling housing market.

Bonds fall as housing bill nears reality
Treasury prices fell Wednesday as legislation aimed at rescuing the ailing housing market neared approval, giving bondholders a reason to venture back into more risky investments.

Oil speculator crackdown
Legislation meant to crack down on oil speculators passed a key test vote in the Senate on Tuesday.

Oil slides below $127 as supply worries ease
Read full story for latest details.

Dollar hits two-week high vs. euro
The dollar jumped to a two-week high against the euro Wednesday, spurred by falling oil prices and apparent weakness in the European economy.

Real Estate

How the housing rescue bill can help you
The House is expected on Wednesday to pass a $300 billion housing rescue bill aimed at helping troubled homeowners avoid foreclosure and supporting mortgage giants Fannie Mae and Freddie Mac.

New Fed rules miss one key lending abuse
Mortgage brokers and loan officers are getting paid fat fees by lenders to put unsuspecting borrowers into expensive loans. And the new lending rules issued last week by the Federal Reserve do nothing to stop this abusive practice.

Need a mortgage? Bring cash
Are you ready to buy a house in this crazy market? Better bring a boatload of money to the closing.

Mortgage applications fall 6.2%
Read full story for latest details.

A plan to jumpstart the mortgage market
A group representing the buyers and sellers of mortgage backed securities unveiled a plan on Wednesday to recharge the moribund mortgage securitization market.

Video: Money Minute: Chrysler, McDonald's, Tobacco
Chrysler says it will cut 1,000 salaried jobs across the globe by Sept. 30. The AP's Mark Hamrick reports on that and the rest of Wednesday's top business headlines. (July 23)

Video: Money Minute: Foreclosures, Fords and Binkys
Foreclosures in California soared in the second quarter to the highest level in at least 20 years. The AP's Mark Hamrick reports on that and the rest of Tuesday's top business headlines. (July 22)

Video: Paulson Urges Congress to Pass Support Package
Treasury Secretary Henry Paulson said Tuesday that Congress needs to quickly approve a support package for Fannie Mae and Freddie Mac to make sure they maintain their critically important role in housing finance. (July 22)

Video: Wachovia Quarterly Losses Near $9 Billion
Wachovia reported a surprisingly large second-quarter loss Tuesday, deflating Wall Street's hopes that the nation's big banks are weathering the credit crisis well. (July 22)

Video: Money Minute: Vytorin, Banks, Bernanke
A new study shows that the cholesterol drug Vytorin doesn't lower the risk of major heart valve problems and need for related surgical procedures. The AP's Mark Hamrick reports on that and Monday's other toheadlines. (July 21)