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.
Verizon ends standalone DSL service, requires landline bundle
Verizon just can't seem to stay out of hot water.
Greece downgraded deeper into junk
The credit rating on Greece's government debt was downgraded deeper into junk bond territory on Thursday.
Obama likely to tap Strategic Petroleum Reserve
Despite the recent fall in oil prices, analysts say President Obama is still likely to tap the Strategic Petroleum Reserve as sanctions on Iran take hold.
Moody's downgrades Spanish regions
Spain got yet another slap in the face Thursday, when Moody's Investors Service downgraded four regions of the country due to their poor fiscal performance.
Facebook IPO: No 'Beatlemania' in Europe, Asia
Facebook. Facebook. Facebook. Facebook.
Remember theGlobe.com? Tech IPOs have a dismal track record
There are plenty of reasons to "like" Facebook, but Internet IPOs are better known for their epic flops than wild successes.
Postal plants to shrink, 28,000 jobs at stake
The U.S. Postal Service announced on Thursday it's moving forward with a $2.1 billion cost-savings plan to consolidate postal plants over the next two years, with consolidations starting in July.
Senate confirms Obama's Fed nominees
It's about time.
The Facebook effect on San Francisco real estate
The Basis Point is a popular mortgage and housing blog that tracks consumer critical issues and data. It is edited by Julian Hebron, a retail mortgage lender who runs the San Francisco branches of RPM Mortgage.
21-year-old Zuckerberg riffs on his "complicated" love life
Most of Mark Zuckerberg's attention right now is focused on his company's imminent IPO. But back in 2005 -- before the Oscar-nominated movie, before almost a billion people used Facebook -- Zuck grappled with a different problem: how to define his complicated love life.
Mortgage rates hit record lows - again
Buying a home just got even cheaper as interest rates on both 30-year and 15-year-fixed-rate mortgages set record lows for the third week in a row.
Warren Buffett buys into 'declining' newspapers
Warren Buffett's company Berkshire Hathaway announced a deal on Thursday to purchase 63 newspapers from Media General -- an industry that Buffett recently referred to as "declining."
Facebook IPO: The art of pricing the right pop
With seemingly unceasing demand for Facebook's initial public offering, the banks in charge of selling the stock to investors might seem to have the easiest job in the world.
Gas price relief misses the West Coast
Gas prices are coming down for most of the nation, but not for Lynnae McCoy and other residents of the West Coast.
Home buying at most affordable level in decades
Buying a home has reached its most affordable level in more than two decades.
Stocks under pressure on Greece worries
U.S. stocks were lower for a fifth day Thursday, as investors continued to fret about Greece's future in the eurozone.
Jobless claims stagnate
The number of Americans filing for first-time unemployment benefits was flat last week, marking yet another sign of lackluster hiring in the spring.
Japan's economic growth nearly doubles U.S.
Japan's gross domestic product grew at nearly double the U.S. rate for the first quarter, an unexpectedly strong sign of recovery in the wake of last year's devastating earthquake and tsunami.
Wall Street struggles in the face of Europe
U.S. stock futures hovered around breakeven Thursday morning, as investors mull worries about Greece ahead of the final pricing for Facebook's initial public offering.
Facebook to set final IPO price Thursday
Facebook's long road to an initial public offering is coming to an end. Late Thursday, it will fill in one last piece of the puzzle: Its final IPO price.