Tesla gets near-perfect score from Consumer Reports

The Tesla Model S is a nearly perfect car, according to Consumer Reports, with the only issue being its need to recharge which could be a problem on long-distance trips. NEW YORK (CNNMoney) The Tesla Model S is about as good as a car ever gets,...

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Reclusive Huawei CEO breaks media silence

Ren Zhengfei, who founded Huawei in 1987, spoke to the media for the first time Thursday. HONG KONG (CNNMoney) And then you have Ren Zhengfei, the reclusive chief executive of Huawei. Two and a half decades have passed since Ren founded the telecommunications...

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Student debt delays spending, saving - and marriage

Many borrowers are making financial sacrifices due to growing amounts of student loan debt. NEW YORK (CNNMoney) About three-quarters of student loan borrowers surveyed said they -- or their children -- have been forced to make sacrifices in order...

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Make your vacation pals cough up their fair share

(CNNMoney) "Resentment over money is one of the biggest issues that ruin vacations," says Nadine Davidson, author of Travel With Others Without Wishing They'd Stayed Home. So before you book this summer's big trip, air your expectations about who...

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Homebuyers clueless about mortgages

One-third of respondents believe lenders are required by law to charge the same fees to all clients. That's wrong. Fees vary and can often be negotiated. NEW YORK (CNNMoney) When it comes to mortgages, homebuyers answered basic questions about...

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Rich Chinese look abroad to secure wealth

More wealthy Chinese are investing in overseas markets. HONG KONG (CNNMoney) One in three wealthy Chinese have investments abroad, according to a new survey from China Merchants Bank and Bain & Company. That's roughly double the number of high...

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Stocks: Another day, another record?

The Dow and the S&P 500 had record-setting days Tuesday, with the Dow closing above the 15,000 mark for the first time ever. NEW YORK (CNNMoney) U.S. stock futures were pointing slightly lower Wednesday, following a headline-grabbing performance...

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IRS workers protest spending cuts

IRS workers rallied against government spending cuts on Tuesday. Click on the image to view more protestors. NEW YORK (CNNMoney) Known as the sequester, the cuts will wipe $600 million from the IRS's budget this year, forcing the agency's nearly...

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Many early tax filers still waiting for refunds

Some early filers are getting fed up that their tax refunds still haven't arrived. NEW YORK (CNNMoney) Taxpayers claiming education credits on Form 8863 encountered their first delay when the IRS said it wouldn't be able to start processing the...

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Current deficit plunges 32%

NEW YORK (CNNMoney) A major reason: A big jump in tax revenue. Tax collections rose by $220 billion -- or 16% -- between the start of the fiscal year on Oct. 1 through April 30. Individual and payroll taxes accounted for $184 billion of that increase....

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Whole Foods shares surge as growth continues

NEW YORK (CNNMoney) Shares of the grocery chain surged 8% in after-hours trading Tuesday after the firm posted quarterly earnings that beat expectations and increased its earnings guidance. Revenue this past quarter increased 13% versus a year...

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Oil companies target America for investment

The domestic oil boom is prompting U.S. oil firms to sell assets overseas and invest the money in American projects. NEW YORK (CNNMoney) Last year ConocoPhillips (COP, Fortune 500) announced plans to sell its stake in Kazakhstan's Kashagan oil...

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Stocks: Another record day ahead?

The S&P 500 closed at a record high of 1,618 on Monday. The Nasdaq added 0.4%, while the Dow Jones Industrial Average slipped 4 points. NEW YORK (CNNMoney) U.S. stock futures were bouncing around yesterday's closing levels ahead of a session...

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Unemployment haunts Social Security recipients

Diana Brest is getting smaller Social Security payments because she was unemployed before retiring. NEW YORK (CNNMoney) "Those years are vital to their Social Security benefits," said Gary Koenig, director of economic security for AARP's Public...

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Long waits, locked restrooms loom for national park visitors

Spring break visitors to Arizona's Grand Canyon National Park faced longer lines. It will likely get worse in the summer, when the park can hire fewer seasonal employees because of the forced budget cuts. WASHINGTON (CNNMoney) As Americans start...

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Nintendo's big problem

NEW YORK (CNNMoney) The company sold only 3.45 million of the Wii U video game consoles during the first quarter, badly missing its own target of 4 million. The hand-held 3DS gaming device has also been a disappointment outside of Japan. Making...

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Pentagon says China using cyberattacks

A Chinese soldier stands guard in Beijing. HONG KONG (CNNMoney) The frank assessment, made in an annual report to U.S. lawmakers on Chinese military capabilities, is the harshest and most detailed set of accusations made thus far by the Obama administration....

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Asian automakers trouncing Detroit in key U.S. market: Hispanics

For automakers, the challenge is creating culturally relevant ads that remain true to the brand's core message, whether in Spanish or in English. NEW YORK (CNNMoney) But, for now, this market is dominated by the Japanese. Toyota (TM) holds the...

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Stocks: Will momentum stick?

The S&P 500 and Dow Jones Industrial Average finished at record highs on Friday after U.S. job data surprised to the upside. NEW YORK (CNNMoney) Markets charged forward based on some better-than-expected jobs data, showing the U.S. economy...

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Madoff lawyers collect $700 million in fees

The law firm of Irving Picard, right, has reeled in hundreds of millions of dollars cleaning up the mess of Ponzi convict Bernard Madoff, left. NEW YORK (CNNMoney) That's less than half of the $1.6 billion legal tab associated with the Lehman Brothers'...

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Bangladesh vows reform amid allegations of 'modern slavery'

Workers protest in Bangladesh after a factory collapse killed at least 657. HONG KONG (CNNMoney) The measures, detailed in a statement issued by the United Nations' International Labour Organization, include the recruitment of 200 additional building...

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Stock market momentum continues

Click the chart for more stock market data. NEW YORK (CNNMoney) Small investors, who missed the stock market rally of the past few years, are being drawn in by the record highs and returning in droves. The new money could stoke more stock buying...

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Senate to vote on proposed Internet sales tax law

NEW YORK (CNNMoney) The legislation would allow the 45 states (and the District of Columbia) that currently charge sales taxes to require large online retailers to collect tax on purchases made by their residents. The law would only apply to online...

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Best states for retirement aren't what you may think

Not exactly retiree hot spots, chillier states, including North and South Dakota, made Bankrate's list of the top 10 states for retirement. NEW YORK (CNNMoney) Instead, Tennessee and Louisiana topped Bankrate's list of the 10 most retiree-friendly...

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How construction can lose jobs in middle of home building rebound

Cuts in government spending on construction projects led to the drop in April's construction employment. NEW YORK (CNNMoney) The sector lost about 6,000 jobs overall, according to the Labor Department's jobs report. This was largely due to a decline...

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My First Rifle: The business of selling guns for kids

Chipmunk, a subsidiary of Keystone, sells guns designed for children, along with its sibling subsidiary, Crickett. NEW YORK (CNNMoney) The gun used in the recent shooting in Kentucky was a Crickett .22-caliber rifle, marketed with the slogan "My...

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Buffett's Berkshire blows past estimates

NEW YORK (CNNMoney) Buffett's Berkshire Hathaway (BRKA, Fortune 500) handily beat analyst estimates with its first-quarter earnings on Friday, booking strong gains in its investments and insurance business. Excluding certain investment gains, Berkshire...

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How construction can lose jobs in middle of home building rebound

Cuts in government spending on construction projects led to the drop in April's construction employment. NEW YORK (CNNMoney) The sector lost about 6,000 jobs overall, according to the Labor Department's jobs report. This was largely due to a decline...

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