NEW YORK-- Total U.S. money market mutual fund assets rose $940 million to $2.569 trillion for the week that ended Wednesday, according to the Investment Company Institute. Assets of the nation's retail money market mutual funds fell $1.55 billion to $884.37 billion, the Washington- based mutual fund trade group said Thursday.
NEW YORK-- Total U.S. money market mutual fund assets rose $5.84 billion to $2.568 trillion for the week that ended Wednesday, according to the Investment Company Institute. Assets of the nation's retail money market mutual funds fell $940 million to $886.05 billion, the Washington- based mutual fund trade group said Thursday.
PAYING MORE FOR CHECKING: The average monthly service fee on checking accounts rose 25 percent from last year to a record $5.48, according to financial data publisher Bankrate. ATM fees rose 4 percent and overdraft fees rose 1.4 percent.
The average monthly service fee on checking accounts that don't pay interest is now a record $5.48, a 25 percent increase over last year, according to Bankrate, a financial data publisher. The fee for using an ATM outside a bank's network rose to $2.50, a 4 percent increase.
Among the stock activity stories for Tuesday, Oct. 16, from AP Business News:. _ State Street Corp. shares rose on after the custody bank's third-quarter earnings topped Wall Street expectations due to expense cutting and growth in investment management revenue.
NEW YORK-- Shares of Bankrate Inc. lost about a quarter of their value and fell to an all-time low Tuesday, after the online publisher of financial data predicted third-quarter results that fell far short of Wall Street forecasts.
NEW YORK-- Shares of Bankrate Inc. tumbled in after-hours trading Monday after the company said it expects third-quarter net income declined as it continued to absorb charges related to its initial public offering and other costs.
While the window for tech initial public offerings remained closed during the third quarter with just four venture-backed companies pursuing IPOs, the trend appears to have reversed in recent weeks.
Cramer makes the call on viewers' favorite stocks.
Stocks finished mixed for the week amid thin, choppy trading, but the Dow and S&P snapped a six-week losing streak, boosted by news a bailout for Greece may be near. However, gains were limited as investors were worried over the continuing economic weakness.
Stocks struggled to hold their gains ahead of the close as energy and techs weakened and after excitement over France and Germany's potential rescue aid for Greece waned.
Bankrate shares fell in their market debut Friday but Chief Executive Tom Evans said he is not concerned.
Stocks were higher Friday amid choppy trading after French President Nicholas Sarkozy hinted at a deal to resolve the Greek debt crisis and after investors were encouraged by a positive reading on the leading indicators index.
Here's why you should keep a close eye on these six stocks.
Insight on the company's growth prior to its IPO and why it's not too concerned about the stock, with Tom Evans, Bankrate CEO.
Waiting for Bankrate to price tonight. The Internet personal finance company (advice on mortgages, deposits, insurance, credit cards, and other categories, such as retirement, automobile loans, and taxes) is seeking to raise 20 million shares at $14-$16.
One reason for the market's late day weakness: Apple just crossed below its 200 day moving average ... $327 and change ... for the first time since April 2009 , when it was $116.
Don't let volatility scare you out of this market. There are opportunities to be had.