It's not hard to find signs that the U.S. economy is headed for a recession. In fact, some leading financial gurus are starting to voice their worries publicly. Bob Moon reports.
Alibaba.com, the world's most popular business-to-business company, went public today in Hong Kong. Scott Tong explains the IPO's strong points and tells us where the risks are.
Investors looking to make money in commodities can buy futures contracts on all kinds of things, such as gold, currencies, wheat. One futures contract investors can't buy is diamonds. But as Alisa Roth reports, some people would like to change that.
PetroChina's IPO turned into a gusher today, making it the first company in the history of the world worth more than $1 trillion. But some analysts say the oil giant's market valuation is artifically high. Bob Moon reports.
Citigroup says it could face as much as $11 billion more in losses — after it took almost $6 billion in write-offs last month. Former Treasury Secretary Robert Rubin has been elevated to chairman to fix things. But what will happen to its retail banking business? Jill Barshay reports.
Profits in municipal bonds are on their way to surpassing last year's record. Amy Scott tells us why it's a good time for local governments to borrow — and why the deals will likely keep coming.
Charles Prince's departure from Citigroup was expected, but what investors weren't anticipating were the bank's latest subprime losses. Stephen Beard explores what this could mean for the European market.
The Supreme Court hears a case today that will decide whether it's legal for states to exempt in-state bond interest from income tax while taxing out-of-state bonds. Jeremy Hobson reports.
At the same time some investment banks are taking a pounding from the credit crunch, Wall Street traders come together to dish out and take some more lumps for a boxing charity event. Amy Scott was ringside.
