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Oil drillers scramble for workers

With oil so lucrative, the exploration and drilling business is booming. But even as Congress debates expanded drilling, companies - flush with oil cash - struggle to find new workers.

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26.08.2008 21:35:10 - Latest financial news - CNNMoney.com

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Fed worried about inflation and slowdown

The Federal Reserve expressed concern about both greater inflation risks and a slowdown in the economy that could extend into next year, according to minutes of its most recent meeting.

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26.08.2008 21:21:33 - Latest financial news - CNNMoney.com

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New home sales rise, but grim news lurks

The government offered more discouraging news about the housing sector on Tuesday, reporting that new home sales rose slightly in July only after revising the previous month's number sharply lower.

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26.08.2008 20:11:13 - Latest financial news - CNNMoney.com

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Fannie, Freddie shares climb - day 2

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26.08.2008 19:58:05 - Latest financial news - CNNMoney.com

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Prada goes shopping - for money

When the world's top fashionistas make their biannual pilgrimage to the Milan shows, Miuccia Prada, the house's oracle-like designer, is the one they come to see above all others. Known for her minimalist designs - embodied by her iconic black nylon bags - Miuccia, or Mrs. Prada, as her staff calls her, sets the pace of fashion.

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26.08.2008 17:59:51 - Latest financial news - CNNMoney.com

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American Eagle's profit falls 26%

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26.08.2008 17:38:55 - Latest financial news - CNNMoney.com

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Stronger dollar isn't all good news

With the dollar hitting a new 6-month high against the euro on Tuesday, there are a couple of ways to interpret this development. Unfortunately, many of these conclusions are not good.