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CNN Money
Fed raises rates again
The Federal Reserve raised a key interest rate again Wednesday - the 16th straight increase - but the central bank didn't give Wall Street what it had hoped for: a definitive answer about what to expect in the coming months.
Don't hedge your bets after all
When it comes to investing, diversification is the closest thing to a free lunch. Simply by spreading money around unrelated investments - municipal bonds that zig when Wal-Mart and Microsoft shares zag - investors can reduce risk without reducing long-term returns. At least, that's always been the rule of thumb.
50-year mortgage hits the market
As home prices and interest rates keep rising, lenders have figured out a way to keep the dream alive for millions of people who want to own their own home. It's called the 50-year mortgage.
Nasdaq dips, Dow drifts
The Nasdaq composite slumped and the broader market was mixed Wednesday, after the Federal Reserve lifted a key short-term interest rate, as expected, but did not specify that its rate-hiking campaign is over, as some had hoped.
US: China not manipulating currency
Read full story for latest details.
GM stock extends gains in 15% run
Shares of General Motors climbed Wednesday, extending gains posted this week following a restatement of first-quarter results.
2 big biotechs ready for an upswing
Amgen and Genentech stock prices soared in 2005, but they lost their hot stock status in '06 as prices plunged. Is Big Biotech ready for an upswing, or is it all downhill from here?
Owens Corning in $5.2B asbestos deal
Read full story for latest details.
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