Business and financial news - CNNMoney.com

Business and 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.
last updated: May 18 2012 4:22 AM
  • What they're worth
    Facebook's IPO has minted at least a half-dozen new billionaires, including founder Mark Zuckerberg and Facebook's earliest investors.
  • Flight to safety: 10-year yield at record low
    Investors fled stocks and made a rush toward the safety of U.S. Treasuries Thursday, sending 10-year yield to a record low close, as worries about Greece's future in the eurozone continued to escalate.
  • JPMorgan's Dimon to testify in Senate
    JPMorgan head Jamie Dimon will appear before a Senate committee to testify about the bank's recent $2 billion trading loss, which has spurred renewed debate about financial reform since being revealed last week.
  • U.S. slams Chinese solar panels with new tariffs
    The U.S. Commerce Department announced stiff tariffs on Chinese-made solar panels Thursday, a move critics said could raise costs for consumers and further inflame trade tensions with Beijing.
  • Obama may tap Strategic Petroleum Reserve
    Despite the recent fall in oil prices, analysts say President Obama may tap the Strategic Petroleum Reserve as sanctions on Iran take hold.
  • Senators to Eduardo Saverin: Don't come back.
    Sens. Chuck Schumer and Bob Casey, held a press conference Thursday morning on Capitol Hill where they outlined legislation that would prevent the Facebook co-founder from ever returning to the United States.
  • Comcast moves to usage-based billing
    Comcast on Thursday decided to get rid of its controversial 250 gigabyte-per-month cap for its broadband customers, replacing it with a usage-based billing system.

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