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Business :: Finance

Why Investors Should Buckle Up

FINANCE | Friday Sep 19, 2014
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.

In this April 1, 2014 file photo, President Barack Obama, accompanied by Vice President Joe Biden, makes a statement on the Affordable Care Act, in the Rose Garden of the White House in Washington

Hurdles Ahead for Obamacare's Second Signup Season?

FINANCE | By Ricardo Alonso-Zaldivar | Sep 14
It's clear the health care law has filled a need for millions of people. The second year will show whether the full program is workable for the people it was intended to serve.

In this Friday, Sept. 12, 2014 photo, 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. The farm received a loan for the greenhouse through a national movement called Slow Money, which links investors with entrepreneurs to build local food systems and economies

Slow Money Invests in Small Food Enterprises

FINANCE | By Lisa Rathke | Sep 14
The idea is to take "a little bit of our money out of the abstract craziness of the stock market" and instead put it to work closer to home, said Slow Money founder Woody Tasch, of Boulder, Colorado.

Average US 30-Year Mortgage Rate at 4.12 Percent

FINANCE | Sep 12
Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year. Mortgage company Freddie Mac said the nationwide average for a 30-year loan edged up to 4.12 percent from 4.10 percent last week.

3 Ways Insurers Can Discourage Sick from Enrolling

FINANCE | By Tom Murphy | Sep 5
Insurers can no longer reject customers with expensive medical conditions thanks to the health care overhaul. But consumer advocates warn that companies are still using wiggle room to discourage the sickest - and costliest - patients from enrolling.

Startups Offer Banking for Smartphone Users

FINANCE | By Joseph Pisani | Sep 4
The latest banks are small enough to fit in the palm of your hand. Startups, such as Moven and Simple, offer banking that's designed specifically for smartphones, enabling users to track their spending on the go.

Average US 30-Year Mortgage Rate at 4.1 Percent

FINANCE | Sep 4
The average 30-year U.S. mortgage rate remained at a 52-week low of 4.10 this week.