Imagine the bond market as a crowded swimming pool, except it's one where the water level drops whenever someone tries to leave. By the time you attempt to get out, you're stuck at the bottom, unable to exit because the ladder is 10 feet above your head.
The 11 million Americans who receive Social Security disability face steep benefit cuts next year, the government said, handing lawmakers a fiscal and political crisis in the middle of a presidential campaign.
It's tempting to think of China's stock market crash this summer as just a faraway problem. It's not. If you have a 401(k) or IRA, odds are good that you have at least a sliver of your savings in Chinese companies.
You can read all about it on social media and newspapers, but you won't find a trace of it where it really matters: Your next 401(k) statement.
U.S. stocks are closing slightly lower after Greeks rejected the terms of the country's latest bailout. European markets had bigger losses Monday, but not as bad as many were expecting.
Less than a month after edging out Brazil, California has slipped back to its ranking as the eighth-largest economy in the world based off an update of global economic data released.
Big-time donors to a nonprofit educational group founded by Jeb Bush, disclosed for the first time, highlight the intersection between Bush's roles in the worlds of business, policy and politics years before he began running for president.
Talking about money on a regular basis may be the key to a happy relationship, according to research released today by TD Bank.
The announcement on Monday of an acquisition of Martha Stewart's media and merchandising empire in a deal that values the company at far less than in it was worth in its glory days shows how much her brand has eroded over the years.
Pope Francis called climate change a moral issue and demanded action to reverse its effects. CBS News correspondent Dean Reynolds reports.