| Business and financial news - CNNMoney.com |
6 gas-saving myths With gasoline prices hitting record levels, it seems everyone has a tip on how to save fuel. Much of the advice is well-intentioned, but in the end, much of it won't lower your gas bill.

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Stocks recover poise after slipping Stocks were mixed Friday, with the S&P 500 managing to eke out a multi-month high, despite record oil and gas prices and a weak consumer sentiment index.

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Gas prices crush retiree dreams

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Week 3 of rebates: $13.5 billion sent out The Treasury Department said Friday it sent out more than 15 million economic stimulus payments this week, totaling more than $13.5 billion, in an effort to boost the nation's spending power.

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U.S. to suspend oil reserve shipments The government said Friday that it would halt deliveries to the strategic oil reserves in July, a move many lawmakers have been calling for in an attempt to boost oil supplies and bring down gas prices.

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Speculating on oil prices is Wall Street's game There's no question about it, a new breed of speculator is pouring money into the oil market and helping drive prices to record levels. What's less certain is if this new money is essential to a healthy market.

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The new real estate boom. Really. Oil hit another record high on Friday. So it's no surprise that natural resources mutual funds, funds that invest in energy companies and other plays on surging commodities, are the best performing domestic stock funds this year.

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Builders get hammered again Demand for new homes collapsed last year. Next up could be a similar drop in the rest of the construction market -- and that could be the latest drag on an already sputtering U.S. economy

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Why more homeowners aren't getting help Drowning in a mortgage you can't afford? Whether or not you get a new one will be decided by someone you've probably never met at a company whose role is barely visible: the mortgage servicer.

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Still booming: Art dealers cheer $362M record The sky may be falling on the economy, but the art market is flying high.

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5 strong stocks we love In these uncertain economic times, only the strong survive. These five companies generate a lot of cash and use it wisely, making them good bets in a rocky market.

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Paulson sees faster growth by year end Treasury Secretary Henry Paulson said Friday he expects "to see a faster pace of economic growth before the end of the year."

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Fannie's new watchdog Treasury Secretary Henry Paulson is talking tough, but don't expect Washington to bring Fannie Mae to heel till the housing crisis eases.

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Winemaker Robert Mondavi dead at 94 Read full story for latest details.

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T. Boone Pickens' $165M gift to football

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