Latest financial news - CNNMoney.com

From CNN and Money magazine, CNNMoney.com combines business news and in-depth market analysis with practical advice and answers to personal finance questions.

This is NOT a tech bubble

Mon, 06 Feb 2012 12:21:10 EST

The Nasdaq is at its highest level since the end of 2000. Highly speculative companies like Netflix and Zynga are soaring, and investors are salivating about possibly paying 100 times earnings for Facebook when it goes public.

Facebook's Zuckerberg may face $2 billion tax hit

Tue, 07 Feb 2012 05:37:50 EST

Facebook's upcoming IPO will make founder and CEO Mark Zuckerberg a billionaire -- but it will also stick him with an eye-popping tax bill that could reach as high as $2 billion.

Stocks on hold for Greece, Bernanke

Tue, 07 Feb 2012 08:02:41 EST

U.S. stocks were set to open slightly lower Tuesday, as investors wait for Greek leaders to agree on the terms of a new bailout package, a key step to avoiding a default.

Charity on the campaign trail

Tue, 07 Feb 2012 09:35:28 EST

President Barack Obama and Oval Office hopefuls Newt Gingrich and Mitt Romney have all released at least one year of tax returns. And they all gave big money to charity.

Citi wins OK for Chinese credit card

Mon, 06 Feb 2012 10:29:25 EST

Citibank won approval to issue its own credit card in China, making it the first non-Asian bank to enter that market.

Government assistance expands

Tue, 07 Feb 2012 07:50:37 EST

More than one in three Americans lived in households that received Medicaid, food stamps or other means-based government assistance, according to a new report.

Greece on the brink

Mon, 06 Feb 2012 15:04:53 EST

Officials in Greece are under pressure to reach an agreement on a new bailout package, as the threat of a default hangs over the country.

We're number one, says U.S. Postal Service

Mon, 06 Feb 2012 13:01:21 EST

Despite its financial difficulties and relatively heavy work load, the U.S. Postal Service has been declared the finest in the world by a British study.

Mining industry shaken up by $62 billion deal

Tue, 07 Feb 2012 07:41:23 EST

In a huge consolidation of the international mining industry, Swiss company Glencore International PLC has agreed to acquire rival Xstrata PLC for $61.9 billion in stock, the companies announced Tuesday.

Student loans: Hit a bull's-eye with your FAFSA

Mon, 06 Feb 2012 20:38:58 EST

If you have a child headed off to college this fall, you've got an important item on your to-do list: the Free Application for Federal Student Aid (FAFSA), which you can submit as early as Jan. 1.

The Romney kids' $100 million trust fund

Mon, 06 Feb 2012 15:12:06 EST

Mitt Romney's five sons -- Matt, Tagg, Craig, Ben and Josh -- are sitting pretty with a trust fund worth $100 million.

Get more from a second doctor's opinion

Tue, 07 Feb 2012 05:45:02 EST

If you're like most people, you're inclined to trust your doctor's advice.

Government expects lending fund to turn taxpayers a profit

Tue, 07 Feb 2012 05:49:51 EST

An Obama administration lending program set up to funnel cash to small banks was expected to cost taxpayers $1.3 billion. Instead, it will turn a profit of $80 million.

Electric car maker and U.S. loan recipient Fisker cuts jobs

Tue, 07 Feb 2012 09:53:47 EST

Fisker Automotive, the electric car company that received $528 million in Energy Department loan guarantees, announced layoffs at its Delaware production facility on Monday.

Verizon and Redbox team up to battle Netflix

Mon, 06 Feb 2012 17:46:18 EST

Verizon and DVD kiosk company Redbox said Monday that they're teaming up on a streaming video partnership, a move that puts Netflix squarely in their crosshairs.

Foreclosure deal has 40 states, but others balk

Tue, 07 Feb 2012 07:24:49 EST

More than 40 states have signed on to a draft settlement with the nation's largest banks aimed at helping homeowners struggling with loans bigger than the value of their homes.

Honeybee die-off shouldn't sting

Tue, 07 Feb 2012 06:04:18 EST

There's good news and bad news on the honeybee beat.

Stocks slip out of the gate

Tue, 07 Feb 2012 09:41:04 EST

U.S. stocks opened lower Tuesday, as investors wait for Greek leaders to agree on the terms of a new bailout package, a key step to avoiding a default.

Eli's coming: Super Bowl QB to cash in

Mon, 06 Feb 2012 14:33:35 EST

Eli Manning is heading to Disney World. Madison Avenue will be close behind.

University of Charleston: How we cut tuition by 22%

Tue, 07 Feb 2012 06:09:19 EST

After seeing enrollment decline for the first time in a decade, the University of Charleston, in West Virginia, slashed tuition by 22% for the upcoming school year hoping to entice more students.