Chris Arnold

On Friday, the price for benchmark crude oil in the U.S. fell below $85 a barrel. Oil production is outstripping demand by a wide margin and analysts say that situation may continue for a while.

The 30-year mortgage is the foundation of the real estate market. But some advocates are proposing a new type of 15-year loan that would allow people to own more of their home more quickly.

Heavy drama played out this week — and not just on Shonda Rhimes' TV shows.

The bond-investing world was roiled by news that Bill Gross — the man known as "The Bond King" — has abruptly left the huge investment firm he founded in 1971. The departure left a lot ...

Bill Gross built PIMCO into an investing powerhouse with more than $2 trillion dollars under its management. But there was trouble in the king's court in recent months.

Calpers says the investment proved to be too complex and not worth the expenses.

A federal program known as HARP could save homeowners who qualify to refinance an average $200 a month. But many who hear about it are suspicious, says Federal Housing Finance Agency chief Mel Watt.

Nearly 80 percent of all the U.S. currency in the world is in $100 bills. But some people want to get rid of the bill altogether.

States and cities have been investing billions of pension money dollars in hedge funds. That's costing a lot of money in fees, and experts say the pensions don't have much to show for it.

The job market improved in June, as employers added 288,000 workers to their payrolls and the unemployment rate fell to 6.1 percent. In another welcome development, the ranks of the long-term unemployed declined.

The Federal Trade Commission says the illegal charges were for premium services customers didn't order. T-Mobile says the suit is unfounded, and that it stopped billing for the services last year.

Many homebuyers have been throwing down cold hard cash for their entire house purchase in recent years. Some are baby-boomers who sold a bigger house and are downsizing. Some are investors. Others are from outside the U.S.

"Top of the list in terms of cash sales in the first quarter ...

Economists say there are more than 2 million "missing households" in the U.S. — young people who bunk with family or friends rather than buying their own home. New data suggest this trend continues.

Head of the Securities and Exchange Commission Mary Jo White has unveiled a set of initiatives aimed at better oversight of Wall Street. The SEC is looking to step up regulation of high-speed trading.

Republicans say the EPA is going to kill jobs and raise electricity prices with new carbon emissions limits. They're up in arms about something their own party championed during GOP presidencies.

Russia and China have agreed on a deal that will send hundreds of billions of dollars of gas to China. The deal includes the construction of pipelines that will move the gas from Russ...

The biggest U.S. banks are still foreclosing on homeowners who qualify for new loans, according to a coalition of non-profits. That's despite settlements aimed at preventing unnecessary foreclosures.

Even now, five years after the crash, homebuilding is stuck at half its normal level. And a hoped-for bounce after the harsh winter hasn't materialized. Some analysts blame higher mortgage rates.

A top federal regulator for the U.S. housing market signaled some big changes for government-run mortgage giants Fannie Mae and Freddie Mac. The changes likely mean lending will be expanded.

The Obama administration is trying to gain more support for a bipartisan bill to dramatically reshape the housing finance industry. Others say the bill would weaken affordable housing regulations.

There's a lot of money and attention going toward wearable devices, though the sophistication of the technology varies. One company is developing wearables with clusters of tiny high-tech senors.