Latest Stories

A new hedge fund is investing $125 million in Africa and the Middle East, areas where the fund managers say opportunities are huge. Sarah Gardner has more on whether this is a sign that Africa is the "last frontier."

Next week, the government releases its consumer price index for April, so we'll get to see just how high the cost of living has jumped, right? But economists aren't predicting a big jump in the cpi. Nancy Marshall Genzer asks why.

Higher prices for steel and copper are being blamed for the increasing unprofitability of offshore wind farms. A British firm that was going to build one now questions its viability. Stephen Beard reports from London.

In November, radio station giant Clear Channel announced it would be taken private in a $20 billion leveraged buyout. Now, the banks that were to finance the deal want to back out. Dan Grech has more.

The racing world is mourning the death of Eight Belles, the filly that broke two ankles after finishing second in the Kentucky Derby. Animal rights groups are protesting. Scott Jagow asks commentator Diana Nyad why it happened.

Across the country food manufacturers are struggling to handle rising costs, all the while trying to avoid raising prices. Their choices are changing the way some household food items are being made. Sam Eaton reports.

Question: I'm a grad student on a very tight budget. I worked for a few years before coming back to grad school, and unwisely brought some credit...

In our continuing series, "Food Fight," we look at the profitable side of the global food crisis. Sarah Gardner reports on the big agribusiness firms that are breaking earnings records as everything from grains to soybeans skyrockets.

Tax-rebate checks go out Friday as part of the $150 billion economic stimulus effort. And retailers are eager for a cut of your cash. We went looking for some of the more unusual ways people are planning to spend their rebates. Kai Ryssdal reports.