Greece's financial troubles exposed the weaknesses that threaten Europe's common currency. Now, policy makers and economic experts are trying to find ways to stabilize the euro.
read more »
J. Grundfest and N. Malenko discovered that when companies want to appear more successful than they are, they simply massage their per-share earnings numbers upward by a tenth of one cent.
read more »
In his new book, "The Quants," Scott Patterson suggests that a new breed of mathematicians and computer scientists took over the financial system and describes how they triggered the 2007-09 meltdown.
read more »
When Dubai announced that it was seeking to reschedule some $26B of debt, global markets went nuts. Yet lost in all the drama is that Dubai is still an important economic experiment and critical to the Middle East.
read more »
House prices are more affordable than ever and it looks like the prices are slowly stabilizing. Interested in what you can buy today? Take a look at what the “average” home looks like around the country.
read more »
Did you know that the most expensive zip code in the US was in New Jersey of all places? Alpine, N.J. (07620) tops the list with a median asking price of $4 million, followed by Atherton, CA and West Village in Manhatta
read more »
The Vangelakos family's new condo has marble floors, a large pool overlooking a river and modern furnishings that speak of affluence and luxury. What they don't have in the 32-story building is a single neighbor.
read more »
Take a deep breath and exhale. The worst is over. By every measure, the housing market has stabilized and many areas are recovering. Home resales in June are up 9 percent from January, on a seasonally adjusted basis.
read more »
"There were several times that I met with the SEC and thought 'they got me,'" Madoff said. The SEC is now conducting an investigation of how they missed the fraud, drawing intense criticism.
read more »
It is the hot new thing on Wall Street, a way to peek at investors’ orders and, critics say, even manipulate share prices. It is called "high-frequency trading".
read more »
Sales of existing homes rose for the 3rd month in a row in June - which hasn't happened since early 2004. Stocks jumped on the news, with the Dow Jones rising above 9,000 for the first time since early January.
read more »
Internet traffic is continuing its blistering speed of growth: 50% per year. However, it is not just an American phenomenon anymore: China has taken the lead from the US as the largest internet audience.
read more »