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Latest financial news - CNNMoney.com

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.

7/30/2010 10:48:23 AM

1 - Consumers not spending like drunken sailors
2 - Recovery spin wars: White House vs. business
3 - Let's fund every entrepreneur
4 - Why a flounder gigger's suit against BP is one to watch
5 - Pay gap persists for African-Americans
6 - Stocks slide toward the close
7 - How Amway weathered the storm, one sale at a time
8 - U.S. recovery sputters
9 - BP's Hayward: 'I became a villain for doing the right thing'
10 - SEC charges billionaire brothers with fraud
11 - Stocks headed for early selloff
12 - Why spend $300 a night for a hotel?
13 - Disney sells Miramax for $660 million
14 - The SEC still needs to escape regulatory capture. Here's how.
15 - Experience on Wall Street? Don't run for office.
16 - Building your brand (and keeping your job)
17 - States go deeper into debt
18 - Google search working again in China
19 - Ballmer: Microsoft feels tablet 'urgency'
20 - Senator demands probe of BP tax break
1 - Consumers not spending like drunken sailors

The economy is heading nowhere fast. That's the bad news. But the good news is that it still seems like consumers may have actually learned a lesson or two about reckless fiscal behavior.

7/30/2010 9:34:32 AM

2 - Recovery spin wars: White House vs. business

The Obama administration gave a positive spin to second-quarter economic numbers released Friday, with the administration's chief economist saying they show a "steady recovery from the recession continues."

7/30/2010 9:36:41 AM

3 - Let's fund every entrepreneur

There was a great conversation Thursday at Y Combinator's AngelConf in Silicon Valley. Anthony Ha of Venturebeat had a couple posts on it that I just read, one on Paul Graham's comments, and another on Ron Conway and Mike Arrington's comments. I would have enjoyed being part of that discussion, so I'll join in now.

7/30/2010 9:10:27 AM

4 - Why a flounder gigger's suit against BP is one to watch

Although it's probably not BP's top priority at the moment, an ominous lawsuit was filed against it last month in state court in Mobile, Alabama, by a man named Obie F. Carlisle.

7/30/2010 7:18:03 AM

5 - Pay gap persists for African-Americans

African-American workers continue to earn far less than whites, according to statistics released by the U.S. Census Bureau.

7/30/2010 6:53:50 AM

6 - Stocks slide toward the close

Stocks headed lower Friday, after languishing for most of the day, as investors weighed reports on U.S. economic growth, consumer confidence and regional manufacturing activity.

7/30/2010 10:47:51 AM

7 - How Amway weathered the storm, one sale at a time

Don't be fooled into thinking that direct sales are a thing of the past just because you haven't seen a pink Mary Kay Cadillac in a while. Amway is not only still alive and well, it's actually growing, even as many retailers continue to struggle.

7/30/2010 6:10:47 AM

8 - U.S. recovery sputters

The U.S. economy continued to grow during the second quarter, the government reported Friday. But the pace slowed more than economists were expecting, raising concern about growth - or even another recession - in the months ahead.

7/30/2010 9:35:04 AM

9 - BP's Hayward: 'I became a villain for doing the right thing'

Outgoing BP chief executive Tony Hayward is defending his leadership of the company in the aftermath of the oil rig explosion that killed 11 workers and led to the worst offshore spill in U.S. history.

7/30/2010 4:58:23 AM

10 - SEC charges billionaire brothers with fraud

Two billionaire brothers face federal fraud charges for selling stock in companies which they helped oversee and then trying to conceal some $550 million in gains.

7/30/2010 7:13:51 AM

11 - Stocks headed for early selloff

U.S. stocks were headed toward an early selloff Friday, following a weaker-than-expected reading on second-quarter economic growth.

7/30/2010 6:50:08 AM

12 - Why spend $300 a night for a hotel?

Book a hotel in a popular destination and you know what to expect: a bed, a mini-fridge, and a big bill at checkout. In Europe's big cities, for example, you can easily spend anywhere from $150 to $300 a night (hotels in Florence average $205).

7/30/2010 8:07:50 AM

13 - Disney sells Miramax for $660 million

The Walt Disney Company said Friday it has agreed to sell Miramax Films for around $660 million to an investor group.

7/30/2010 7:07:35 AM

14 - The SEC still needs to escape regulatory capture. Here's how.

It's a natural human tendency to rely on the opinions of friends. We all do it, but, given the right circumstances, that impulse can endanger anything from interpersonal relationships to world economies.

7/30/2010 1:34:25 AM

15 - Experience on Wall Street? Don't run for office.

Poor John Kasich. When he made that fateful decision in January 2001, he was just doing what politicians have done since time immemorial: he was taking a cushy Wall Street job between a couple of public office gigs in order to pad the family pocketbook.

7/30/2010 1:26:39 AM

16 - Building your brand (and keeping your job)

Scott Monty's personal brand doesn't take a back seat to anyone else's -- not even that of Ford Motor Co., his employer. "I'm not somebody who can be accused of using Ford's brand to benefit my own," says Monty, the car giant's first global digital and multimedia communications manager. "If anything, the opposite is true."

7/30/2010 1:16:56 AM

17 - States go deeper into debt

The states are broke, and like many consumers, they're borrowing big time to get out of their fiscal binds.

7/30/2010 9:34:02 AM

18 - Google search working again in China

Google users in China were temporarily blocked from accessing the search engine, the company said Thursday, but the site was was once again working a few hours later.

7/30/2010 2:49:26 AM

19 - Ballmer: Microsoft feels tablet 'urgency'

Microsoft Chief Executive Steve Ballmer said Thursday that the software giant is urgently working with its partners to unveil a host of tablet computers running Windows 7, to compete with Apple's fast-selling iPad.

7/29/2010 3:32:19 PM

20 - Senator demands probe of BP tax break

Two days after BP said it will write off the cost of the oil spill cleanup against its income taxes, a U.S. senator is calling for a Congressional probe into the company's tax plans.

7/29/2010 1:45:54 PM