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Facebook employees have millions. Now what?

The Bay Area is gearing up for a wave of spending on houses, cars, luxury toys -- and startups. Lots and lots of startups. More

Colbert spawns army of crazy super PACs

The Federal Election Commission's roster of approved super PACs is now filled with groups registered to addresses in college towns. More

JPMorgan Chase loss only going to get worse

Market participants think JPMorgan's losses now total $6 billion to $7 billion, and there are several reasons why it's likely to get much larger. More

Postal Service's next deadline: Aug. 1

With a new plan averting many Postal Service closures this year, the next deadline for Congress to save the struggling agency is Aug. 1. After that it won't have enough cash to pay a retiree fund. More

Thrilled and bummed by Google's self-driving car

The technology is tantalizing, but not ready for the wider world, just yet. More

Facebook: Many mutual funds already have a stake

T. Rowe Price, Fidelity and other mutual fund giants have been buying up shares of Facebook on private markets over the past year. More

Post-Facebook IPO wisdom, from one CEO to another

Zipcar CEO Scott Griffith offers a couple of words of advice amid today's Facebook IPO fanfare. More

Facebook trading sets record IPO volume

Facebook's IPO will raise at least $16 billion, making it the third-largest IPO in U.S. history. More

Anti-social: Zynga tumbles after Facebook IPO

Social media stocks aren't feeling the love, despite Facebook's market debut. Zynga, which generates much of its revenue from Facebook, fell as much as 23%. More

Stocks: Worst week of the year

U.S. stocks faltered Friday as investors moved beyond the initial Facebook euphoria to refocus on the bigger issues of Europe's sovereign debt crisis. More

Europe fears pressure world markets

Asian stocks tumbled amid growing signs of a slowdown in China, while Europe's stocks were mixed as investors fret about a banking crisis in Greece and Spain. More

Who owns Facebook?

CNNMoney looks at the people who make up the biggest investors in Facebook. Play

Vacation? No thanks, boss

Unlike many other nations, the U.S. does not require companies to offer paid time off to workers. Americans who are offered vacation often don't take it. More

Zuckerberg's right-hand woman

Facebook COO Sheryl Sandberg is the power behind the company's explosive growth and ad business. Play

Greek banks strain for cash

Customers are making massive withdrawals from Greek banks and the European Central Bank has frozen lifeline loans - raising the risk the country will exit the eurozone. More

Why Facebook won't start trading at the opening bell

Facebook's IPO won't begin trade on the Nasdaq at 9:30 -- it'll be delayed at least an hour. More

Moody's downgrades Spanish banks

The rating agency also downgraded four Spanish regions, two of them to junk. More

Facebook's IPO price: $38 per share

Facebook's IPO will raise $16 billion, making it the third-largest IPO in U.S. history. More

U.S. slams Chinese solar panels with new tariffs

The ruling could further inflame trade tensions with Beijing. More

Comcast scraps broadband cap

Comcast will replace its much-hated 250 GB broadband cap with a usage-based billing system. More

JPMorgan's Dimon to testify in Senate

JPMorgan's $2 billion trading loss has spurred a Senate panel to invite CEO Jamie Dimon to testify. More

Verizon ends standalone DSL service

Verizon's plan to force DSL customers to bundle their service with landlines is catching heat on Capitol Hill and with partners. More

Greece downgraded deeper into junk

Fitch downgrades Greek government debt and calls country's exit from eurozone 'probable' if pro-austerity coalition doesn't win in June vote; rest of eurozone's ratings at risk as well. More

Obama may tap Strategic Petroleum Reserve

A release of oil from the world's strategic petroleum reserves is still possible despite the recent fall in crude prices as up to 1 million barrels a day could soon be lost from Iran. More

Moody's downgrades Spanish regions

Moody's downgrades four Spanish regions, two of them to junk. More

Tech IPOs have a dismal track record

Facebook is entering a market in which most IPOs plunge after a big one-day pop. More

Exclusive: Candid 2005 Zuckerberg video

In 2005, CNN got an exclusive look inside Facebook's first office and saw how Mark Zuckerberg decided to tweak a key early feature. Play

Postal plants to shrink, 28,000 jobs at stake

While postal offices were spared, 48 postal plants will be consolidated this summer, affecting some 5,000 employees. By the end of 2014, some 229 plants will be consolidated and 28,000 jobs will be gone. More

Pinterest raises $100 million to bolster growth

Pinterest just landed a sizable cash infusion: The company raised $100 million in a financing round by e-commerce giant Rakuten. More

Warren Buffett buys into 'declining' newspapers

Warren Buffett's Berkshire Hathaway agreed to buy 63 newspapers from Media General for $142 million cash. Deal also includes a $400 million loan and $45 million revolving cash line. More

Gas price relief misses the West Coast

Gas prices have been steadily falling in most of the nation, but West Coast drivers are still paying top dollar at the pump. More

Home buying at most affordable level in decades

As a result of home price declines, low mortgage rates and an increase in median incomes, the National Association of Home Builders/Wells Fargo Housing Opportunity Index hit a record level of affordability during the first quarter. More

21-year-old Zuckerberg riffs on his "complicated" love life

CNN footage from 2005 captured two of Facebook's founders musing aloud about their dating lives More

Jobless claims stagnate

The number of Americans filing for first-time unemployment benefits was flat last week, as 370,000 filed jobless claims. More

Flight to safety: 10-year yield at record low

Dow and S&P decline for a fifth day, as investors continue to fret about Greece's future in the eurozone. Yield on 10-year Treasury slides to 1.706%, lowest close on record. More

Facebook IPO: the art of pricing the right pop

Facebook's underwriting team led by Morgan Stanley can go very wrong by either underpricing the stock and leaving money on the table or driving away long-term investors. More

Japan's economic growth nearly doubles U.S.

Japanese GDP grew 4.1% annual rate in the first quarter, showing post-tsunami rebound. That's nearly doubled the U.S. annual rate of 2.2%. More

Facebook to set final IPO price Thursday

Facebook's IPO price is available to the deal's underwriters and their bigwig clients. Regular folks will get to buy at market price the next day. More

Foreclosures fall to lowest level since 2007

Foreclosures fell significantly in April, with substantial declines in bank repossessions. More

Verizon to end unlimited data for upgraders

Verizon will force smartphone customers with unlimited data plans to switch to tiered plans when they upgrade. More

Short-seller Einhorn targets Amazon and Martin Marietta

For Herbalife, David Einhorn's silence is golden. For Martin Marietta, a quick mention by Greenlight Capital founder sends its stock tumbling. More

Federal Reserve concerned about fiscal cliff

Minutes from the Fed's last meeting in April showed that the central bank's top officials discussed how fiscal policy could weigh on the recovery, and debated the possibility of more stimulus. More

After Yahoo: Why do powerful people lie?

Why do leaders risk so much over what, in the grand scheme of things, is a small dishonesty? More

Half of U.S. cell phones are now smartphones

For the first time in history, more than half of American mobile customers own a smartphone -- and more people are using them like computers. More

Fiscal cliff: What you need to know

$7 trillion in tax hikes and automatic spending cuts start to kick in on Jan. 1 if Congress does nothing. Further complication: The debt ceiling. More

FBI opens JPMorgan investigation

Last week JPMorgan disclosed it had suffered a $2 billion trading loss on a series of complex bets on credit default swaps. More

Scramble to save Greece

Numerous leaders voice hopes that Greece will stay in eurozone, but say unpopular austerity measures must stay in place More

You're only worth $1.21 to Facebook

Facebook's average revenue per user is just $1.21, far lower than most companies that report that metric and on the low end of its close competitors. More

J.C. Penney stock plunges on dismal earnings

Investors had high hopes for new J.C. Penney CEO Ron Johnson, who was the main driver behind Apple stores. More

Facebook to sell 25% more shares

Facebook says in SEC filing that it plans to sell 421 million shares in IPO later this week, could raise up to $16 billion. More

Mortgage delinquencies drop to 4-year low

Mortgage lenders say delinquency is at the lowest level since 2008. More

Should you buy Facebook?

Facebook's IPO is causing a frenzy among investors eager to get a piece of the company when it goes public but is it a good idea to jump in when FB debuts? More

Greece worries weigh on U.S. stocks

U.S. stocks closed in the red for a fourth straight session Wednesday, as investors weighed strong U.S. economic data against ongoing uncertainty about Greece's political situation. More

Keystone isn't the only pipeline

At least a dozen new pipeline projects are slated to carry oil from the mid continent to the Gulf Coast, potentially lowering gas prices but coming with an environmental toll. More

Businesses are recovering, but Washington didn't help

Small business owners say they're faring better than when Obama took office in 2009. But they credit themselves for the economic recovery - not Washington policies. More

Stay-at-home mom fights new credit card rule

More than 30,000 people are petitioning for stay-at-home parents to get the same access to credit cards as their spouses. More

Surprise! SUVs are more popular than ever

SUVs take a higher proportion of new car sales today than during the so-called "SUV craze" in the late 1990s and early 2000s. More

George Lucas proposes affordable housing plan

After neighbors denied the 'Star Wars' creator the right to build a film studio on his Marin, California property, George Lucas is proposing to build low-income housing there instead. More

GM to stop advertising on Facebook

The automaker will continue to use the social media site, but won't be paying for ad display ads. More

California could net $2 billion from Facebook IPO

California could reap $2 billion from Facebook's IPO -- money the cash-strapped state sorely needs to plug a $16 billion budget hole. More

J.C. Penney stock sinks on falling sales

Shares of retailer J.C. Penney plummet after quarterly results show same-store sales dropped 19% in first quarter of 2012. Company cancels dividend. More

Stop treating Dimon like a rockstar!

A few unhappy, activist shareholders of JPMorgan Chase sound off outside the bank's annual meeting in Tampa, Florida. Play

Contagion risks deepen as new Greek elections called

Failure to form new coalition Greek government means new vote, increasing chances for anti-austerity party victory and Greece's exit from euro zone. More

Clinton: Debt deal should be top campaign issue

President Clinton on Tuesday said balancing the budget and getting a debt deal should dominate fall elections. More

JPMorgan's Dimon gets his $23 million pay package

Dimon, who also serves as the bank's chairman, is facing shareholders who have seen the company's stock decline by more than 11%. More

Dewey's decline and the rise of high-risk Big Law

The firm's fall from grace offers a look into how the once genteel, clubby world of law firms has taken on a hustling business culture of free agent partners. More

Facebook's rise to the top

As Facebook became the number one social network, other sites like MySpace and Friendster fell by the wayside. Play

Boehner's 'line in the sand' on debt

Republican Speaker of the House says Americans are sick of Washington 'kicking the can down the road' when it comes to solving our debt crisis. Play

Avon's stock plunges 10% after Coty pulls out

Coty withdrew its $10.7 billion bid for Avon, which is now expected to pursue a turnaround on its own. Coty will likely pursue an IPO and new acquisitions. More

Geithner: JPMorgan loss a call for reform

Treasury secretary says big trading loss by JPMorgan shows need to implement Dodd-Frank Wall Street reform to police big banks. Play

Yahoo's CEO is out. Now what?

Following Scott Thompson's exit, Yahoo faces problems both new and old. More

Bove: JPMorgan still outguns other banks

Banking analyst Richard Bove says JPMorgan's $2 billion dollar loss is significant but a hit the bank can absorb. Play

Warren: Dimon should step down from NY Fed

Former oversight official and current senate candidate Elizabeth Warren says the banks have pushed heavily against much-needed regulation. Play

Mayo: Banks too big to regulate

After news of JPMorgan's multi-billion dollar loss, Mike Mayo reaffirms his stance that incentives are misaligned at big banks. Play

Dimon's JPMorgan draws a bad card

On Monday JPMorgan Chase CEO Jamie Dimon said America still has a royal straight flush. The hand his bank was dealt is not as promising. Play

Reich: The 1 percent earn too much

Former Labor Secretary Robert Reich says the growth in income for the top 1 percent has limited purchasing power for the rest. Play

Brewing a bigger business in Brooklyn

Brooklyn Brewery has grown from a small brewery to a craft beer powerhouse. Launching it to No. 67 on the Inner City 100. Play

Munger: I'm afraid of liberal 'crazies'

Berkshire Hathaway's Charlie Munger says he's more afraid of the 'crazies' in the Democratic party than extreme conservatives. Play

Sick of Spain and the other PIIGS? Too bad

Investors trying to ignore the crisis in Europe are putting themselves at risk. Don't expect the bad news to end anytime soon. Play

Why Microsoft hires war vets

Like many other large companies, Microsoft has a special program to recruit military veterans. Play

Where the Tupac hologram was made

Digital Domain Media Group has been creating digital effects for Hollywood hits for over 20 years. Play

Munger on Occupy: 'I hate that'

Berkshire Hathaway's Vice Chairman Charlie Munger says Occupy Wall St. protesters are 'ignorant, shouting people.' Play

Disney bets big on Avengers and wins

Disney CEO Bob Iger says a growing number of silver screens across the globe is helping drive the success of 'The Avengers.' Play

Buffett and Munger won't buy Facebook

Warren Buffett says he won't be buying shares of Facebook while his business partner Charlie Munger says he just doesn't like it. Play

Bremmer: A world without superpowers

Ian Bremmer, founder of the Eurasia Group, describes the future of global economics where there are no dominant nations. Play

Inside LA's traffic control center

Los Angeles has long been plagued by traffic woes, but the city has a high-tech traffic control system that cuts commutes and headaches. Play

Green Mountain Coffee takes a spill

As Starbucks readies a single cup coffee maker to rival the K-cup, Green Mountain Coffee's weak sales send its stock price tumbling. Play

Stimulus? We've done austerity - Krugman

Economist Paul Krugman says the U.S. needs to reverse austerity measures and spend more to climb out of what he calls a depression. Play

Chesapeake's CEO under fire

Aubrey McClendon, CEO of natural gas driller Chesapeake is under fire for taking personal stakes in the company's wells. Play

The nasty traffic jam of wireless data

Wireless spectrum is becoming more and more crowded as the number of smartphones and data usage increases. Play

Rattner: General Motors is undervalued

Steven Rattner, former 'auto czar' for the Treasury Dept., says the government should hold its GM stake until the stock rises further. Play

Few answers on fracking violations

Violations at hydraulically fractured wells are common, but getting the details of those violations can be nearly impossible for some landowners. Play

Few answers on fracking violations

Violations at hydraulically fractured wells are common, but getting the details of those violations can be nearly impossible for some landowners. Play

2012 election's killer app

President Obama and Mitt Romney are leveraging massive amounts of user data from places like Facebook to gain an edge with voters. Play

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Facebook employees have millions. Now what?
Facebook trader: Nasdaq 'blew it'
Ex-Goldman director Rajat Gupta set for insider trading trial
Where Zuckerberg would be without a prenup
JPMorgan Chase loss only going to get worse