CBN.com - Finance

Gold Price Continues Upward

Sun, 22 Nov 2009 00:00:00 GMT

Gold has been steadily rising against the dollar, which continues to lose value on the international market.

Mortgage Delinquencies Hit Another Record in 3Q

Sun, 22 Nov 2009 00:00:00 GMT

The number of U.S. households that are falling behind on their mortgages has hit a new high.

American Charities May Not Have a Happy Holiday

Sun, 22 Nov 2009 00:00:00 GMT

American charities have weathered a significant drop in giving this year, and while they're hoping for a holiday miracle, a recent survey shows they will probably see a decrease in year-end generosity.

Gov't. May Have Overpaid on AIG Bailout

Sun, 22 Nov 2009 00:00:00 GMT

Officials handling the multibillion dollar bailout of American International Group Inc. may have overpaid other banks to wind down AIG's business.

GM Reports $1.2B Loss, Says It Shows Progress

Sun, 22 Nov 2009 00:00:00 GMT

GM said its improved performance was fueled by new products including the Chevrolet Camaro muscle car, and the Chevrolet Equinox and GMC Terrain midsize crossover vehicles.

Gold Marks Record High on Weak Dollar

Sun, 22 Nov 2009 00:00:00 GMT

The yellow metal hit yet another record high Monday trading at $1,130 an ounce.

Foreclosures Down, But Don't Celebrate Yet

Sun, 22 Nov 2009 00:00:00 GMT

A new report by RealtyTrac reveals that fewer Americans are losing their homes.

Gold Price Hits Another Record Mark

Sun, 22 Nov 2009 00:00:00 GMT

The price of the yellow metal hit another record Wednesday at $1,119 an ounce.

Fed Warns Weak Recovery Won't Spur Jobs

Sun, 22 Nov 2009 00:00:00 GMT

Unemployment likely will remain high for the next several years because the economic recovery won't be strong enough to spur hiring, the Fed warned.

Geithner: Unemployment Rate Still Rising

Sun, 22 Nov 2009 00:00:00 GMT

The news comes after the government announced on Friday that the rate now stands at 10.2 percent.

Fannie Mae Offers Option to Foreclosure

Sun, 22 Nov 2009 00:00:00 GMT

Mortgage giant Fannie Mae has launched a new program that will allow struggling homeowners to stay in their homes.

Gov't. Risked Trillions of Taxpayer Dollars

Sun, 22 Nov 2009 00:00:00 GMT

Government officials put trillions of taxpayer dollars on the line to guarantee risky bank assets.

New Jobless Claims Drop to 512K, Lowest Since Jan.

Sun, 22 Nov 2009 00:00:00 GMT

The number of newly laid-off workers filing claims for unemployment benefits last week fell to the lowest level in 10 months.

October Sales Offer Relief to Merchants

Sun, 22 Nov 2009 00:00:00 GMT

Consumers, enticed by cooler weather, early holiday discounts and an improving economy, offered some relief to the retail industry in October.

Congress Set to Clear Aid to Jobless, Homebuyers

Sun, 22 Nov 2009 00:00:00 GMT

Congress is one vote away from sending the president legislation that continues aid to more than a million jobless people and extends tax breaks to hundreds of thousands of prospective homebuyers and struggling businesses.

Gold Marks Record High as Dollar Weakens

Sun, 22 Nov 2009 00:00:00 GMT

Gold hit yet another record high Monday, reaching $1,108.80 an ounce as the U.S. dollar continued its downward spiral.

Gold Extends Gains as Dollar Weakens

Sun, 22 Nov 2009 00:00:00 GMT

Gold prices have rallied to another new high on the back of a weaker dollar.

Fed Likely to Keep Key Interest Rate at Record Low

Sun, 22 Nov 2009 00:00:00 GMT

Faced with lurking dangers to the budding recovery, Federal Reserve policymakers are sure to leave a key interest rate at a record low to entice Americans to spend more and help the economic turnaround gain traction.

Berkshire Buying Burlington Northern Railroad

Sun, 22 Nov 2009 00:00:00 GMT

Warren Buffet's Berkshire Hathaway says it has agreed to buy Burlington Northern Santa Fe in a deal valuing the railroad at $34 billion.

Ford Reports $1 Billion 3Q Profit

Sun, 22 Nov 2009 00:00:00 GMT

Ford says it now expects to be "solidly profitable" in 2011. Previously the automaker said it would be break-even or better.

Retail Faces Uncertainty as CIT Enters Bankruptcy

Sun, 22 Nov 2009 00:00:00 GMT

CIT Group Inc. filed for Chapter 11 bankruptcy protection Sunday in New York.

Geithner: Economy Rebounding, but Job Growth Lags

Sun, 22 Nov 2009 00:00:00 GMT

Treasury Secretary Timothy Geithner acknowledges the federal budget deficit is too high, but that the priorities now are economic growth and job creation.

Most Americans Don't Believe Recession Over

Sun, 22 Nov 2009 00:00:00 GMT

A recent ABC News/Washington Post poll shows that 82 percent of Americans believe we are still in a recession, despite new numbers indicating economic growth.

Economy Growing, But Americans Aren't Buying It

Sun, 22 Nov 2009 00:00:00 GMT

A new government report shows that the nation's GDP grew by 3.5 percent in the third quarter, but polls show that Americans don't believe the recession is over.

Pew: Deceptive Credit Practices Rising

Sun, 22 Nov 2009 00:00:00 GMT

A new Pew Charitable Trusts report shows that despite the threat of Congressional action, deceptive credit card practices are on the rise.