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After $100,000 Bitcoin Score, 15-Year-Old Creates Startup

FINANCE | Friday Aug 22, 2014
Erik Finman, a 15-year-old from northern Idaho, founded an online education program that links students with instructors around the world. Michelle Miller reports on his story.

Patient Advocates Say Insurers Avoiding the Sick

FINANCE | By Richardo Alonso-Zaldivar | Aug 22
Ending insurance discrimination against the sick was a central goal of the nation's health care overhaul, but leading patient groups say that promise is being undermined by new barriers from insurers.

A builder works on the construction of new homes in Belmar, N.J.

US Home Construction Jumps 15.7 Percent in July

FINANCE | By Martin Crutsinger | Aug 21
U.S. home construction rebounded in July, rising to an eight-month high and offering hope that housing has regained momentum after two months of declines.

USDA: Cost to Raise Child Up Slightly to $245,340

FINANCE | Aug 20
A child born in 2013 will cost a middle-income American family an average of $245,340 until he or she reaches the age of 18, with families living in the Northeast taking on a greater burden, according to a new report.

How Much is $100 Worth in Your State?

FINANCE | Aug 19
A new report by the Commerce Department shows in which states $100 will go the farthest. Mississippi spenders get the most bang for their buck, while $100 buys the least in Washington, D.C. Norah O'Donnell reports.

NY Fed: US Auto Loans Soar to Highest in 8 Years

FINANCE | By Christopher S. Rugaber | Aug 18
U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers, according to a report Thursday by the Federal Reserve Bank of New York.

5 Tips for Sensible Back-to-School Spending

FINANCE | By Alex Veiga | Aug 15
Students may not be thrilled about their summer break drawing to a close, but retailers couldn't be happier. That's because back-to-school shopping traditionally brings in a windfall that's second only to the December holiday season.

US Consumer Credit Increased at Slower Pace in June

FINANCE | By Josh Boak | Aug 13
U.S. consumers expanded their borrowing at a slower rate in June compared to the prior month. Overall credit rose by $18.3 billion in June to a total of $3.17 trillion, the Federal Reserve said.

Average US 30-Year Mortgage Rate at 4.14 Percent

FINANCE | Aug 11
Average long-term U.S. mortgage rates rose slightly last week but remained near their lows for the year. Mortgage company Freddie Mac said the nationwide average for a 30-year loan inched up to 4.14 percent from 4.12 percent last week.

 Susan McNamara returns a book to the public library in Quincy, Mass.

Not So Golden: Wealth Gap Lasting into Retirement

FINANCE | By Michael Hill | Aug 8
William Kistler views retirement like someone tied to the tracks and watching a train coming. It's a looming threat, but there's little he can do. He has saved little in a 401(k) over the past decade, spending most of his working life self-employed.

Nobody's Home: The Ghost Cities of China

FINANCE | Aug 7
Tour China's ghost cities, as we did with financial analyst Gillem Tulloch, and you'll see the spooky signs of a real estate bubble. Watch Lesley Stahl's full report on "China's Real Estate Bubble."