Financial Headlines
Thursday, May 15, 2008

Pain at the Pump: What Goes Into Gas Prices

If you're like most people, sticker shock is now the name of the game whenever you pull your car into the gas station. Gas prices keep inching higher and it's not going to get better in the near-term. Crude oil prices hit an all-time high last week when they lapped the $126 mark. These prices are for June deliveries, so drivers should be braced for gradually higher prices over the next few weeks. What many don't understand is the concept of crude prices and its relationship to the price of gasoline. ...continue

Pain at the pump is prevalent
Homeowner

Schumer Urges Regulators to Investigate Countrywide

A Democratic lawmaker on Wednesday urged federal regulators to investigate alleged mistreatment by Countrywide Financial Corp. of homeowners in bankruptcy. Sen. Charles Schumer, D-N.Y., said in a letter to Federal Trade Commission chairman William Kovacic that Countrywide has sought to improperly use the bankruptcy process to foreclose on borrowers' homes.

Retirement Finance

Merrill Survey: Inflation Overtaking Growth as Fund Managers' Main Fear

Inflation concerns are fast overtaking worries over slowing economic growth, according to Merrill Lynch's latest survey of global fund managers. A quarter of respondents in May's survey said they expect global core inflation to rise in the coming 12 months, compared with just 7 percent in April.

Hispanic Stock Indexes
College Finance

Financial Tips for 2008 College Graduates

Whether graduating from a small liberal arts college or a large land-grant institution, members of the Class of 2008 will be confronting the realities of today's limping national economy. Advice from a professor of economics on how to cope with financial realities once you leave the world of higher learning follow.