Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
India could benefit from the fallout in the U.S.-China trade war, experts told CNBC — but much-needed reforms on land and labor could prove to be a challenge for companies...Asia Economyread more
The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle. While there, he's scheduled to meet with Boeing executives and be briefed...Airlinesread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
The photo depicts Canadian leader Justin Trudeau wearing a turban and robe, with dark makeup on his hands, face and neck. Liberal Party spokesman confirms the photo is of...Electionsread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways, as the death toll from a mysterious vaping-related illness continues...Health and Scienceread more
The U.S. Federal Reserve on Wednesday cut its overnight rate by 25 basis points to a range of 1.75% to 2%, a move that was widely expected. The central bank, however, appeared...Asia Marketsread more
Investors bought bank stocks because there's a chance the Federal Reserve's interest rate cut may "put an end to this artificially inverted yield curve," Jim Cramer says.Mad Money with Jim Cramerread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
The Facebook CEO will talk to policymakers "about future internet regulation," according to a spokesperson.Technologyread more
Disney CEO Bob Iger writes in his autobiography that he believes he would have discussed combining Disney with Apple had Steve Jobs lived.Technologyread more
With the economy on the rebound and the stock market on a roll, many Americans are feeling better about their financial future.
A new study by Ameriprise Financial found that significantly more people believe they're on track for retirement now than last year. Two in five people surveyed (42 percent) expressed confidence that they are financially prepared, compared with only 37 percent last year.
Findings of the survey of 10,000 adults (ages 40 to 75) in 30 major metropolitan areas included:
"Feeling confident about retirement is essential, but perhaps not as important as taking steps to financially prepare for that retirement," said Suzanna de Baca, vice president of wealth strategies at Ameriprise Financial.
Some of the numbers from the New Retirement Mindscape report don't seem to justify respondents' optimism, and de Baca warns that it may be unwarranted "and cause a dangerous feeling of complacency."
The survey found that fewer people are taking the steps necessary to save for this milestone as compared with last year.
"If three-quarters of the people feel they're on track, but only a quarter of them have done any math, then that causes me some concern," said Andrea Singleton, a certified financial planner with Ameriprise in Seattle.
(Read more: How to complain about your bank)
"How do they come to that conclusion?" she asked. "They can't all be planning to win the lottery. They can't all be inheriting large sums of money from mom and dad."
On the bright side, more than half (51 percent) contributed to a 401(k) or other retirement plan—a significant jump from last year's 47 percent.
Health care weighs heavy on people's minds
As people look toward the future, they worry about health-care costs. Nearly half of those surveyed (45 percent) believe medical bills will be one of their most challenging issues after they leave the workforce.
(Read more: Medical identity theft could cost you your life)
They expressed a great deal of concern about the Affordable Care Act. More than half (51 percent) said they worry they'll pay more for health care because of the law. (Keep in mind that this survey was taken in June.)
How much would they need to save to pay for medical costs not covered by Medicare? The median estimate was about $100,000. That's close to what people actually spend, on average, during retirement—$135,500 according to 2012 data from the Employee Benefit Research Institute.
But Ameriprise noted that is significantly less than the $227,000 experts predict will be needed in 2020. And yet few are taking steps to prepare for the bigger bill, and 10 percent said they expect family and friends to care for them if their health begins to fail.
A city-by-city breakdown
Ameriprise combined the results of the study, including people's confidence and financial readiness, in the 30 metro areas surveyed. San Francisco, Detroit and Hartford-New Haven took the top three spots because a higher percentage of residents have taken specific steps—written a financial plan and contributed to a personal retirement account.
(Read more: Here's what debt collectors shouldn't do via text)
In the bottom three locations—Nashville, Los Angeles and Orlando-Daytona Beach-Melbourne—people are saving about as much as the national average, but their confidence level is lower. Ameriprise said that might be a function of housing prices that have not rebounded as well as those in the rest of the country.
Here are the City Pulse index rankings for 2013. The 2012 rank appears in parenthesis.
1. San Francisco-Oakland-San Jose (4)
2. Detroit (17)
3. Hartford-New Haven (1)
4. Minneapolis-St. Paul (3)
5. Seattle-Tacoma (13)
6. San Diego (2)
7. Sacramento-Stockton-Modesto (18)
8. Baltimore (25)
9. St. Louis (15)
10. Phoenix (11)
11. Denver (8)
12. Washington (30)
13. Dallas-Fort Worth (14)
14. Boston (12)
15. Indianapolis (28)
16. Atlanta (10)
17. Tampa-St. Pete (23)
18. Charlotte (29)
19. Portland, Ore. (19)
20. Miami-Fort Lauderdale (20)
21. Chicago (27)
22. Pittsburgh (9)
23. Raleigh-Durham (6)
24. Philadelphia (5)
25. New York (26)
26. Cleveland-Akron (24)
27. Houston (16)
28. Nashville (7)
29. Los Angeles (21)
30. Orlando-Daytona Beach-Melbourne (22)
Don't let fear paralyze you.
Everybody has anxiety about money. That stress can lead to inaction, which only makes things worse. Find someone who will help you take control of your finances. It might feel uncomfortable at first, but in the long run it can reduce stress and get you moving toward your goal.