Money Talking

As Republicans gathered for their national convention in Tampa this week, President Barack Obama stole some of their thunder by announcing that automakers will have to nearly double the fuel efficiency of cars and trucks by 2025.

Summer’s coming to an end and that means it’s back to the classroom for millions of students around the country.

Wall Street threw its support behind Barack Obama in 2008, but this election cycle the tables have turned. Now, it's funneling most of its donations to Mitt Romney and conservative super PACs.

Investors have been flocking to money market funds for decades, and today their total value stands at $2.5 trillion. Businesses, non-profits, government and individuals seem to think they're a sound investment, but how safe are they?

This week a technical glitch in electronic trading sent the stocks of nearly 150 companies, like Bank of America and GE, on a wild ride.  

It was the latest in a string of stock market snafus, including NASDAQ's botched Facebook IPO in May and the "flash crash" of 2010 when the Dow Jones Industrial Average plunged 600 points only to recover minutes later.

The American economy is slowing down. GDP grew at a 1.5 percent rate in the second quarter, down from 1.9 percent in the first quarter, and anticipation is growing over what the Federal Reserve's policy-making committee will decide when it meets next week.

Former tech darling, Yahoo, has been struggling in a world dominated by Apple, Amazon, Google and Facebook. Even with an estimated 700 million users around the world, it’s had difficulty turning that reach into profits.  This week, the company reported that revenues were down 1 percent for the quarter that finished June 30, and profits fell to $226 million from $237 million a year earlier.

July 21 marks the two-year anniversary of the Dodd-Frank financial reform law, but the vast majority of the rules have yet to be finalized.

Heads are rolling at the British bank Barclays after it admitted to rigging a key interest rate known as the LIBOR — short for "London Interbank Offered Rate."

The long wait is over.  The Supreme has ruled.  The health care law stands (mostly).