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Top Money Stories

Rogue Trader Causes Oil Price Spike

oil derrick
AP
Unauthorized trades by an employee of the world's biggest oil brokerage push crude to its highest prices of the year and cause the firm $10 million in losses. Authorities say they'll investigate.
Full Coverage

Regulators Seize 7 More Failed Banks

FDIC
Getty Images
Authorities close six banks in Illinois, all controlled by the same family, as losses on risky investments mounted. A seventh bank, located in Texas, was also seized, bringing this year's tally of failed banks to 52.
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Market News

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Paychecks Shrink as Economy Slumps

Dollars
Jupiter Images
Unemployment is rising, but that doesn't mean workers lucky enough to still have a job are in the clear. That's because the slumping economy is forcing wages lower, taking a bite out of their paychecks.
From DailyFinance: Unemployment Rate Hits 9.5 Percent
Full Coverage

Online Tax Fight Snares Entrepreneurs

Amazon.com
AP Photo
Amazon.com and other online retailers are cutting off some entrepreneurs that help them sell books, music and movies in a running battle with state governments in search of new streams of tax revenue. Quote: AMZN
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Banks Brace for Tough Second Half

Bank Earnings
AOL
What's next for the financial industry? Big banks are riding high on fees earned selling each other's stock and bonds to meet requirements laid down after the government's stress tests. But more losses on bad loans may be just over the horizon.
From DailyFinance: Small-Cap Bank Stocks Underperform After Stress Tests
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24/7 Wall St.

Consumer Reports Ranks iPhone Over Pre

iPhone
AP
Palm hopes its new Pre will dethrone the iPhone as king of smartphones. But new Consumer Reports ratings gave a huge edge to Apple's product. That means Palm's uphill battle just got steeper. Quotes: AAPL | PALM
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Can You Trust Brokers' 401(k) Advice?

Stock Broker
Corbis
After the past year's stock market losses decimated many workers' retirement accounts, lawmakers are considering giving brokers more leeway to provide advice on 401(k) investments. Is that a good idea?
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DailyFinance

20 Hit Products That Surprised Us All

Crocs
AFP/Getty Images
Some products just seem doomed to fail -- but become massively successful anyway. From Crocs to American Idol and from the iPod to Us Weekly, here are twenty products that shocked DailyFinance writers by making a huge splash.
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