American Express Co. fell $1.39 or 1.6 percent, to $83.90. Capital One Financial Corp. fell$. 96 or 1.3 percent, to $71.86. Discover Financial Services fell$. 53 or 1.0 percent, to $52.68.» Read More
When it comes to finances, most couples are not on the same page. Discussing fiscal communication, with Kathleen Murphy, Fidelity's personal investing president.
Many distressed homeowners have spent years wondering when they’re going to get kicked out. But the backlog of foreclosures has provided a reprieve. In New York, for example, it would take 62 years to process them all.
The nation’s two biggest providers of reverse mortgages are no longer offering the loans, as the economics of the business have come under pressure.
Analysts have been feverishly revising down their growth projections. Much depends on the effectiveness of policies and, critically, whether there will finally be a more coherent and sustained policy response in systemically important countries, especially the US and Europe.
Our beloved two party political system is currently negotiating an increase to the debt ceiling, all in the name of fiscal responsibility.
President Obama’s gyroscopic legislative endeavors helped the nation survive the worst financial crisis since the 1930’s. It would have been unfathomable to risk America’s image of economic invincibility and allow the free markets to punish bad behavior. Instead, the Federal Reserve printed money to inflate the stock market and promote economic growth, all courtesy of a low interest rate environment. Now Congress is faced with yet another debt ceiling, and sure enough, they’re scrambling for the next fiscal stunt.
Insight on the card company's latest plans to create the digital wallet, with Joseph Saunders, Visa, Inc. chairman/CEO.
In the past 8 months housing prices have risen 30 percent while sales volumes have dropped 70 percent. In other words, people buying homes can afford them. There is no panic selling like in the US or Dubai because rules in place for years have prevented the kind of speculation that was rampant in America, where people bought multiple homes with zero down.
Who amongst us has any confidence that our elected officials will solve the country’s debt problem, or for that matter, allow private enterprise to do it in their absence? Intrinsic value is irrelevant; gold positions serve as a short sale on Congress.
The ongoing debate over tax relief has lost all integrity, like a favorite sweater long past its prime. Some believe that tax cuts increase the budget deficit while others suggest wealthy citizens have no moral obligation to share their bounty. Worthy positions indeed, but they are two mutually independent arguments, both valid, one having nothing to do with the other.
Nouriel Roubini has argued China's economy will suffer a hard landing after 2013. He reasons its 47 percent fixed investment share of GDP, 30 percent savings rates, and low wages will cause a deflationary spiral much like in Japan.
J.P. Morgan Chase and other banks are trying to recoup approximately $30 billion a year in lost overdraft fee income by testing $5 ATM fees