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The government today unveiled a sweeping plan to take over the mortgage finance companies Fannie Mae and Freddie Mac and to use government dollars to prop up the mortgage market, taking unprecedented steps to use the public purse to try to bolster the housing and financial markets.

Ages 8-10: Bank on It Help your kids open their own savings account. Of course, you can start saving on their behalf when they're much younger, and they probably have a wad of birthday cash stuffed in their sock drawer. But now they're mature enough for you to introduce them to how a real bank...

Q I received a notice from Capital One that it is closing my credit card account because of inactivity. If the company closes the account, will it hurt my credit score?

After a week of dismal data, this week could offer a breather. Friday, the Commerce Department will report retail sales figures for August. Given that major retail chains reported weak August sales last week, don't look for any uplifting numbers, but economists do expect a 0.3 percent gain. Also ...

Robert J. Froehlich wants to mess with the minds of investors. For years, there have been just three main asset classes: stocks, bonds and cash. Two other investment options -- commodities and real estate -- are in the mix as alternative asset classes. Now Froehlich, the chief investment strategi...

Own oil stocks lately? Not good. Own airlines? Good. The misfortune of the one has been a blessing for the other. Since oil prices peaked on July 3 and started to head down, airline stocks have taken off, lifted by the promise of lower fuel prices. Of the 21 publicly traded airlines, shares of al...

CORNWALL, N.Y. Meditation enhances clarity. That occurred to me, sitting on the front steps here, staring at the titanium silver vehicle in the driveway. It was the 2008 BMW X6 xDrive35i Sports Activity Coupe.

The message was hard to miss last week: No more wishful thinking -- it's time to prepare yourself for a grim job market.

If you've been watching for the fleeting, best time to buy a home, this fall may be it, especially if you're a first-timer.

The Bush administration yesterday prepared to take over the troubled housing finance companies Fannie Mae and Freddie Mac, after concluding the companies don't have enough capital to continue to play their crucial role funding home mortgages.