Latest financial news - CNNMoney.com
- Record monthly deficit for U.S.: $221 billionThe United.States dropped a record $220.9 billion further into the red in February, the Treasury Department reported Wednesday.
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Money is any token or other object that functions as a medium of exchange and that is socially and legally accepted in payment for goods and services and in settlement of debts. Money is also serves as a standard of value for measuring the relative worth of different goods and services and as a store… »
Financial news of the day - CNNMoney.com
- Firing the $70 billion manOn November 19, 2009 Jeffrey Gundlach was named a finalist for Morningstar's award for bond fund manager of the decade. For Gundlach, the nomination recognized 10 years of stellar results, exceeding even the returns of the legendary king of bonds, Bill Gross.