By Jeanne Sahadi, senior writerDecember 3, 2010: 2:22 PM ET NEW YORK (CNNMoney.com) — Defying expectations, more than 60% of President Obama’s debt commission voted Friday in favor of the group’s final recommendations for reducing the country’s long-term debt. In a strong bipartisan showing, 11 of 18 members voted yes. Five Democrats, five Republicans and [...]
Click chart to track other commodities By Ben Rooney, staff reporterDecember 3, 2010: 2:33 PM ET NEW YORK (CNNMoney.com) — Gold prices jumped back above $1,400 an ounce Friday to settle at a fresh record-high as the U.S. dollar slid following a surprisingly weak report on the nation’s job market. February gold futures rose $16.90, [...]
NEW YORK (CNNMoney.com — AOL co-founder Steve Case — a serial tech entrepreneur who is still actively launching new ventures — took the stage at Business Insider’s Ignition conference Friday to discuss Web upstarts and reflect on his own battered legacy. Business Insider editor-in-chief Henry Blodget, who moderated the discussion with Case, asked him what [...]
NEW YORK (CNNMoney.com) — Several of the big mortgage players are playing Santa Claus again this year, saying they will not evict borrowers in default during the two weeks surrounding Christmas. Freddie Mac (FMCC) and Fannie Mae (FNMA), the two government-controlled mortgage giants, are freezing all foreclosure evictions on mortgage loans they own or back [...]
