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Apple Bites Stock Market

FINANCE | By Matthew Craft | Friday Sep 26, 2014
A stumble by Apple set off a rout in the stock market yesterday, its worst day in nearly two months. All 30 big companies in the Dow Jones industrial average and the 10 industries in the Standard & Poor's 500 index lost ground.

Apple's Response to iPhone Glitches is Key

FINANCE | By Brandon Bailey | Sep 26
Apple's response to a high-profile gaffe involving its iPhone software may be more important than the glitch itself. The giant tech company scrambled to fix a software glitch that left some of its new iPhones unable to make calls.

Jason Prosser picks up his son Zachary from day care, in SeaTac, Wash.

Middle-Class Squeeze :: From Day Care to Health Care

FINANCE | By Christopher S. Rugaber | Sep 26
Legions of middle-class families are straining under the weight of accelerating costs for a range of essential services from day care to health care. And now a study by the Center for American Progress shows just how heavy the burden has grown.

Worst Drop for Stocks Since July as Apple Sinks

FINANCE | Sep 25
A swoon in technology stocks left the market with its worst drop since July. Apple sank nearly 4 percent after the company pulled a software update for the iPhone after users complained that they weren't able to make calls.

How Costs have Surged for US Middle-Class Families

FINANCE | Sep 25
The picture painted by a report from the Center for American Progress is a gloomy one. For a typical married couple with two children, the combined cost of health care, day care, housing and savings jumped 32 percent in 12 years.

Prospective buyer Mary Tuttle checks out antique lighting fixtures while looking at a home in Miami Shores, Fla.

US Existing Home Sales Fall in August

FINANCE | By Josh Boak | Sep 24
Fewer Americans bought homes in August, as investors retreated from real estate and first-time buyers remained scarce. Sales of existing homes fell 1.8 percent to a seasonally adjusted annual rate of 5.05 million.

Why Investors Should Buckle Up

FINANCE | Sep 19
After an unusually long period of calm, stocks are again growing more volatile. CBS MoneyWatch contributor Anthony Mirhaydari explains why investors could be in for wild ride in the months to come.

Angie Trombley carries a crate of Islanders, purple-colored heirloom peppers, grown in a caterpillar-style greenhouse at the Squire Tarbox Farm on Westport Island, Maine.

Slow Money Invests in Small Food Enterprises

FINANCE | By Lisa Rathke | Sep 19
The Slow Money investment movement started after Woody Tasch wrote his 2009 book "Inquiries into the Nature of Slow Money: Investing as if Food, Farms, and Fertility Mattered" discussing investments that focus more on sustainability than consumption.

Myles Griffin, 74, poses for a photograph in front of his home in Philadelphia.

Once-Troubled Reverse Mortgages Poised for Rebound

FINANCE | By Hope Yen | Sep 18
Advertised as a path to an affordable retirement, federally insured reverse mortgages are showing signs of a rebound, drawing the scrutiny of regulators seeking to reduce historically high default rates that have cost the government billions.

Stocks Decline Amid Interest Rate Worries

FINANCE | By Steve Rothwell | Sep 16
The prospect of rising interest rates sent the stock market to its first weekly loss since early August. The Standard & Poor's 500 index fell 11.91 points, or 0.6 percent, to end at 1,985.54 on Friday. The index was down 1.1 percent for the week.

Why Fund Managers Are Sad You're Not on Vacation

FINANCE | By Stan Choe | Sep 15
Your stock-fund manager wishes you'd buy more fun things. Most mutual funds are failing to keep up with broad market indexes again. It's a trend that's gone on for years.