Business

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How the Fed's Interest Rate Hike Affects You

iStock/Thinkstock(NEW YORK) —  The Federal Open Market Committee (FOMC) announced on Wednesday that it was raising short-term rates by 25 basis points. It is the first time in almost a decade that the rates have been raised. Rebecca Jarvis explains how it Read More

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Wall Street Sees Third Day of Gains

iStock/Thinkstock(NEW YORK) — U.S. stocks raillied Wednesday, with Wall Street closing higher for a third day in a row after the Federal Reserve raised its key interest rate for the first time in 9 years. The Dow Jones gained 223 points, and the Nasdaq jumped up 75 Read More

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Facebook Addressing Criticism of Real Names Policy

Justin Sullivan/Getty Images(NEW YORK) — Facebook is addressing criticism of its real names policy with two new tools designed to help people who may not want to use their real name on the site. The policy being tested, is designed to make people accountable for Read More

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Solid Stock Gains for a Second Day

tarabird/iStock/ThinkStock(NEW YORK) — Solid gains for the stocks for the second day in a row. The Dow Jones index up 156 points, the S&P 500 had a bigger percentage gain, gaining more than 1 percent Tuesday.  Oil prices moved up from their recent Read More