Latest financial news - CNNMoney.com

Cisco beats by a penny

Cisco's latest round of quarterly earnings beat the Wall Street analyst consensus by a penny on Tuesday. But as investors feared, the slowing economy is taking a slight toll on sales growth in the coming quarters.

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05.08.2008 23:25:24 - Latest financial news - CNNMoney.com

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Fraud ring indicted in ID theft scam

Members of a credit fraud ring, including three U.S. citizens, were indicted Tuesday on a number of charges in connection with the hacking of nine major U.S. retailers, and the theft and sale of more than 40 million credit and debit card numbers, federal authorities said.

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05.08.2008 22:02:07 - Latest financial news - CNNMoney.com

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Dollar holds gains vs. euro

The dollar remained at its highest level in nearly seven weeks against the 15-country euro Tuesday after the Federal Reserve's decision to hold a key interest rate at 2%, although the U.S. currency edged off its highs.

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05.08.2008 21:53:18 - Latest financial news - CNNMoney.com

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Fed leaves rates unchanged

The Federal Reserve left a key short-term interest rate unchanged Tuesday and cited both the risk of a slowing economy and inflation pressures, a sign that the central bank may keep rates steady for the next few months.

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05.08.2008 21:46:41 - Latest financial news - CNNMoney.com

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It's crunch time for Fannie and Freddie

Shares of Fannie Mae and Freddie Mac have both bounced back sharply from the lows they hit in the wake of last month's fears about their financial health.

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05.08.2008 20:31:41 - Latest financial news - CNNMoney.com

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Credit losses aren't done yet

Merrill Lynch's fire sale of toxic mortgage debt last week has generated hopeful discussion about the beginning of the end of the credit crisis being at hand.