Archive for May 8th, 2008

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The worst isn't over for Miami, Phoenix, and hard hit areas of California, which are all forecast to see big price drops in the next 12 months.

Can a couple coats of paint, some spackle and $15 billion keep foreclosed homes from bringing down the home market?

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Money market mutual funds are known for being both liquid and solid. Liquid because you can get your money out of them at any time; solid because they maintain a steady value of $1 per share. And they're popular because they tend to pay slightly higher rates than Treasury bills or bank savings accounts. Individuals and institutions alike use them to park cash they are waiting to deploy and to ride out market storms. Amid the turmoil of the past year, assets have soared 45%, to $3.5 trillion. But with the credit crunch casting doubt on many formerly safe-seeming securities, the big question for many investors has become, Is my money fund safe?

Can a couple coats of paint, some spackle and $15 billion keep foreclosed homes from bringing down the home market?

You knew you could help save the earth by installing energy-efficient light bulbs or swapping your gas guzzler for a hybrid. But have you heard that drinking Fiji Water and dining out at Taco Bell are supposed to be good for the planet, too?

Stocks rallied Thursday afternoon, recharging a morning advance that had petered out at midday, thanks to some better-than-expected April retail sales and a modest retreat of oil prices off the recent highs.