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Billionaire Steven Cohen buys a Picasso: Vanity or investment?
Mar 28, 2013
Hedge fund billionaire Steven Cohen has just bought himself another painting -- this time a Picasso -- for $155 million.
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Wealth effect: Has the Dow high restored yours?
Mar 5, 2013
The recession and stock market collapsed cost Americans 40 percent of their net worth. Now that the Dow is back, how much wealth has been recovered?
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GDP drops 0.1 percent but other economic indicators continue to rise
Jan 30, 2013
A Commerce Department report out today shows that GDP fell 0.1 percent last quarter, but consumer spending, business investment and employment continue to rise.
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Suspicion of Chinese intentions could hurt aviation investments
Nov 20, 2012
U.S. criticism of Chinese investment in key technology sectors such as aviation could cost the U.S. opportunities, say experts.
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Investment fees matter -- a lot
Apr 2, 2012
High fees eat away at returns.
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Am I nuts -- or not?
Mar 13, 2012
I'm seriously thinking of purchasing a small (six-unit) apartment building in a college town. I've never been a landlord and I'm already a single father of two with a full-time job. Am I NUTS? Clay, College Park, MD
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Untangling whole and term-life insurance
Feb 10, 2012
Senior Producer Paddy Hirsch and CBS MoneyWatch's Jill Schlesinger break down the different types of life insurance.
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Romney’s run renews capital-gains tax debate
Jan 18, 2012
Like Warren Buffett, Mitt Romney pays a low tax rate because his income is from investments, not labor. Why does the tax code differentiate?
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Private equity explained
Jan 13, 2012
Private equity funds are groups of investors that flip companies for a profit. It’s the technique they use that makes them special, as senior producer Paddy Hirsch explains.
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Buy here, pay here? - Beware!
Dec 23, 2011
If you've ever passed a used car sale and seen phrases such as "No Credit, No Problem," chances are it's offering on-the-spot financing. And it could well be a scam.
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