Tuesday, May 5, 2009

Bernanke: Economy Should Grow Later in 2009

Federal Reserve Chairman Ben Bernanke told Congress Tuesday that the economy should pull out of a recession and start growing again later this year, but warned that unemployment is expected to remain high.

Your Money: The 'Sell in May' Strategy

A time-tested strategy that calls for investors to "sell in May and go away" might sound awfully tempting this year. AP Personal Finance Editor Trevor Delaney expplains.

Monday, May 4, 2009

Money Minute: Banks, Spending, Stress Tests

The Federal Reserve says a larger share of banks made it more difficult for people to obtain home mortgages over the last three months.

Your Money: Secured Credit Cards

For people with limited credit, secured credit cards are one option available to meet your spending needs. AP Personal Finance Editor Trevor Delaney explains.

Friday, May 1, 2009

Money Minute: Manufacturing, Ford, TALF

Manufacturing activity contracted at a slower-than expected pace in April, raising hopes that the steep plunge that began last fall may be moderating.

Chrysler Files for Bankruptcy Protection

Chrysler filed for bankruptcy protection and announced it will temporarily halt most of its vehicle production while it completes a deal with Italian carmaker Fiat designed to revive its tattered fortunes.

Thursday, April 30, 2009

April 30: Stocks End Mixed on Chrysler News

Chrysler's bankruptcy put only a small dent in Wall Street's rally and the Dow capped the month of April with a robust gain of 7.4 percent.