[View RSS]

Business :: Finance

A builder works on the construction of new homes in Belmar, N.J.

US Home Construction Jumps 15.7 Percent in July

FINANCE | By Martin Crutsinger | Thursday Aug 21, 2014
U.S. home construction rebounded in July, rising to an eight-month high and offering hope that housing has regained momentum after two months of declines.

USDA: Cost to Raise Child Up Slightly to $245,340

FINANCE | Aug 20
A child born in 2013 will cost a middle-income American family an average of $245,340 until he or she reaches the age of 18, with families living in the Northeast taking on a greater burden, according to a new report.

How Much is $100 Worth in Your State?

FINANCE | Aug 19
A new report by the Commerce Department shows in which states $100 will go the farthest. Mississippi spenders get the most bang for their buck, while $100 buys the least in Washington, D.C. Norah O'Donnell reports.

NY Fed: US Auto Loans Soar to Highest in 8 Years

FINANCE | By Christopher S. Rugaber | Aug 18
U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers, according to a report Thursday by the Federal Reserve Bank of New York.

5 Tips for Sensible Back-to-School Spending

FINANCE | By Alex Veiga | Aug 15
Students may not be thrilled about their summer break drawing to a close, but retailers couldn't be happier. That's because back-to-school shopping traditionally brings in a windfall that's second only to the December holiday season.

US Consumer Credit Increased at Slower Pace in June

FINANCE | By Josh Boak | Aug 13
U.S. consumers expanded their borrowing at a slower rate in June compared to the prior month. Overall credit rose by $18.3 billion in June to a total of $3.17 trillion, the Federal Reserve said.

Average US 30-Year Mortgage Rate at 4.14 Percent

FINANCE | Aug 11
Average long-term U.S. mortgage rates rose slightly last week but remained near their lows for the year. Mortgage company Freddie Mac said the nationwide average for a 30-year loan inched up to 4.14 percent from 4.12 percent last week.

 Susan McNamara returns a book to the public library in Quincy, Mass.

Not So Golden: Wealth Gap Lasting into Retirement

FINANCE | By Michael Hill | Aug 8
William Kistler views retirement like someone tied to the tracks and watching a train coming. It's a looming threat, but there's little he can do. He has saved little in a 401(k) over the past decade, spending most of his working life self-employed.

Nobody's Home: The Ghost Cities of China

FINANCE | Aug 7
Tour China's ghost cities, as we did with financial analyst Gillem Tulloch, and you'll see the spooky signs of a real estate bubble. Watch Lesley Stahl's full report on "China's Real Estate Bubble."

How to Fit a Wind Farm into Your Portfolio

FINANCE | By Jonathan Fahey | Aug 7
You can now fit a wind or solar farm into your portfolio, even if your portfolio isn't exactly vast. Energy companies are wrapping renewable energy projects and other power-related assets that generate steady cash into new companies.

GM Finance Subpoenaed Over Subprime Auto Loans

FINANCE | Aug 4
GM Finance says it has received a subpoena from the U.S. Department of Justice for documents related to subprime auto loans.