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Financial news of the day - CNNMoney.com

Dirty secrets of Black Friday 'doorbusters'

Here's a Black Friday reality check: Of the hordes of pre-dawn shoppers who line up for hours outside stores on the day after Thanksgiving, most will not bag the best bargains that appear in merchants' circulars.

Make money in 2010: Your savings and credit

Like most Americans, you're probably pledging to save more next year -- already savers are socking away cash at a better pace than they have in years (3.7% of income recently, up from just 0.2% in early 2008).

Small business loans: $10 billion evaporates

Eight months after President Obama began prodding the nation's banks to increase their small business lending, the loan numbers continue to move in the opposite direction.

Senate tax hike misses the mark

The health care bill that passed a crucial test vote in the Senate on Saturday is proof that getting reform passed and getting it right are two very different things.

Mortgage modification hurts your credit

QUESTION 1: I wanted to know if you could tell me how much longer the tax credit for first-time homebuyers will be available? I am a US citizen living abroad and plan to purchase a condominium in Texas-would this tax credit apply to me for that? --Anonymous

You don't have to be a millionaire to buy a house

The Great Recession has ravaged savings and boosted unemployment rates, forcing people become more conservative with their cash. It has also made homes a lot more affordable -- at least for those people still working.

How an ex-con landed a job

Gregory Headley got himself a job.

Unemployment rates rise in 29 states

A growing number of states reported rising jobless rates in October, and thirteen states reported unemployment rates above the national average of 10.2%, according to a government report released on Friday.

Leggo your Eggo: There's a waffle shortage

Better hoard your Eggos!

Wall Street: Mixed week ends on a low note

Stocks fell Friday, capping a mostly down week, as investors remained jittery about the economy and the outlook for the technology sector.

Obama mortgage rescue: Only a few get lasting help

Only a tiny percentage of troubled homeowners have received permanent modifications under President Obama's foreclosure prevention plan, raising concerns about the effectiveness of the $75 billion effort.

Unemployment rates rise in 29 states

A growing number of states reported rising jobless rates in October, and thirteen states reported unemployment rates above the national average of 10.2%, according to a government report released on Friday.

FDIC announces 124th bank failure

State regulators shuttered Commerce Bank of Southwest Florida in Fort Myers, Fla., Friday night, bringing the 2009 national tally to 124.

Wal-Mart Black Friday ad: TVs top deals

Wal-Mart's much-awaited Black Friday deals will focus on a gamut of gadgets such as high-definition TVs, laptops and Blu-ray players, as well as holiday gift favorites such as toys and DVDs, according to a copy of the retailer's circular obtained by CNNMoney.com.

Is TARP bailout helping the economy?

As the Obama administration considers how to approach the next phase of the $700 billion financial bailout, questions are being raised on Capitol Hill about whether it is helping the economy.

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