By Enjoli Francis

Jan 23, 2015 6:42pm

How to Make the Most of Falling Mortgage Rates

The average 30-year fixed-rate mortgage is close to 3.6 percent, a near rock-bottom low that’s more than a full percentage point lower than this time last year. And for many, refinancing could mean huge savings. In the words of “Shark Tank’s” Barbara Corcoran: ”Money’s on sale.”… Read More »

Jan 22, 2015 7:24pm

Oil Prices Spike on News of King Abdullah’s Death

Following the news of King Abdullah’s death today, crude oil spiked 2.5 percent. Oil prices have fallen by half in the past year, dropping 3 percent earlier today before the death of the 90-year-old leader of Saudi Arabia was announced. Saudi Arabia’s King Abdulla Dies… Read More »

By Enjoli Francis

Consumer Report
Jan 22, 2015 6:41pm

Early Warnings About IRS Scams This Tax Season

The government is issuing a warning today for Americans to be on high alert for tax-season scams that feature fake IRS agents. Lois Dilibero said a fake IRS agent left a voicemail on her phone recently. “They said, ‘You need to call us right away…. Read More »

By Van Scott

Jan 21, 2015 12:58pm

‘World News Tonight With David Muir’ Improves the Most Year-to-Year in Total Viewers (+10%)

“World News Tonight” is Up in Adults 25-54 (+2%) from the Year Ago Week Season to Date, “World News Tonight” Grows the Most Across All Key Metrics – Total Viewers (+7%), Adults 25-54 (+6%) and Adults 18-49 (+4%) “World News Tonight” is Delivering its Largest… Read More »

Jan 21, 2015 11:32am

Low Oil Price Brings Layoffs at Energy Firm Baker Hughes (BHI)

Morning Money Memo … Falling gasoline prices may be great for consumers, but they’re tough on energy firms and their workers. The latest layoffs announcement comes from the oilfield services firm Baker Hughes, which plans to cut 7,000 employees — 11 percent of its workforce…. Read More »

Jan 20, 2015 10:30am

Amazon (AMZN) Movie Plans Shake Up Hollywood

It’s all about the future. So let’s look ahead. Amazon Plans Movies Amazon Studios is branching out from the small screen to big screen, announcing plans to begin producing and acquiring original movies for theatrical release and, within weeks, video streaming. The online giant says… Read More »

By Jeanette Torres

Consumer Report
Jan 15, 2015 4:16pm

Ikea Recalls 169,000 Crib Mattresses Over Entrapment Risk

Ikea is recalling about 169,000 crib mattresses in the U.S. over an entrapment hazard. According to the U.S. Consumer Product Safety Commission (CPSC), the recall involves Ikea’s Vyssa-style crib mattresses with the model names Vackert, Vinka, Spelevink, Sloa and Slummer. The mattresses were sold at… Read More »

Jan 15, 2015 9:48am

Markets Weak After Banks Flop

U.S markets are looking at a weaker opening on Wall Street, following a fourth straight day of losses Wednesday. Futures are lower this morning following negative earnings reports from banking giants Citigroup and Bank of America, while volatility in the markets continued to rise for… Read More »

Jan 13, 2015 3:08pm

Oil Prices Tank to 6-Year Low

Oil prices are tanking again today to lows not seen since the depths of the ’08-’09 recession. A barrel of West Texas Intermediate (WTI), or light, sweet crude oil, fell 1.5 percent to $45.33. The national average for a gallon of gas has fallen to $2.12,… Read More »

Jan 13, 2015 10:14am

When a Penny Is Worth $2.5 Million

Monday Morning Memo: You may want to pinch those pennies, literally! You never know when you might get lucky and land a 1792 Birch penny, valued at a whopping $2.5 million. A California-based coin collector reportedly spent the paltry sum on the celebrated coin, of… Read More »