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Latest financial news - CNNMoney.com
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From CNN and Money magazine, CNNMoney.com combines business news and in-depth market analysis with practical advice and answers to personal finance questions.
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Minimum-wage laws, state by state
Minimum-wage laws around the U.S. are a patchwork of federal and state legislation. On Thursday, the federal minimum wage rose to $6.55 per hour, but the change only affects workers in 26 states (plus Washington, D.C.). The remaining 24 states already have state minimum wages set above $6.55 per hour.
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Government uncovers oil price manipulation
The government charged an oil trading firm Thursday with manipulating oil prices, the first indictment to come down since the regulators began a new investigation into wrongdoings in the energy markets.
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Oil: What goes up...
Oil's on sale!
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Why we tolerate bailouts
For the second time this year, the government is considering the use of taxpayer money to rescue private companies. Sen. Jim Bunning warns of creeping socialism, but he seems to have found few allies. As financial skeptic James Grant recently mused, Why no outrage?
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Ask Bing: The death and rebirth of a bully
New management came, saw the abusive director of our department and let her go. Hooray! Now another woman - not coincidentally, the one most often on the receiving end of the abuse, is acting out - calling herself the boss when truly she has not been given that title or responsibility. And now she is manipulating and trying to sabotage those of us who won't acknowledge her "authority."
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2.2 million vacant homes for sale
The percentage of vacant homes available for sale remained relatively flat in the second quarter, but still hovered in record territory.
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Housing market weakens again
Sales of existing homes slowed more than expected in June while inventory increased, according to an industry trade group reading of the sluggish housing market released Thursday.
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3M profit gets international boost
Read full story for latest details.
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Stocks plummet on Ford, jobs, housing
Wall Street sank sharply Thursday as initial jobless claims rose and existing home sales fell more than expected, worrying investors that tough economic times are not yet over.
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National City loses $2.45 a share
Read full story for latest details.
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