Financial

  • Biggest Mistakes Investors Make Kiplinger - 1 hour 1 minute ago

    In the stock market, as in life, nothing is certain. At Kiplinger, we believe everyone, whether you're just beginning a career or already enjoying retirement, can earn solid returns in the stock market. True investing relies on contributing regular amounts at regular intervals, in both rising and falling markets, to a thoroughly researched, diversified portfolio of stocks, funds and bonds, says our editor-in-chief, Knight Kiplinger. How long should you stick with an investment?

  • Money market fund assets rose by $7.32 billion Associated Press - 2 hours 12 minutes ago

    Total U.S. money market mutual fund assets rose by $7.32 billion to $2.58 trillion for the week that ended Wednesday, according to the Investment Company Institute. Assets in the nation's retail money ...

  • Midday Glance: Insurance companies Associated Press - 4 hours ago

    Shares of some top insurance companies are mixed at 1 p.m.: ACE L rose $.31 or .3 percent, to $101.79. Aflac Inc. fell $.48 or .8 percent, to $62.22. American International Group rose $1.03 or 2.0 percent, ...

  • M&A News: Valeant, Pershing Square Capital, Allergan, QIC, AES BusinessWeek - 4 hours ago

    Allergan has a suitor; funding for Airbnb; and more

  • Argentina's Congress approves $5B Repsol indemnity Associated Press - 5 hours ago
    Argentina's Congress approves $5B Repsol indemnity

    Argentina is hoping to have an easier time attracting international investors to exploit its oil and gas fields now that lawmakers have agreed to pay $5 billion to the Spanish company Grupo Repsol for ...

  • Average US 30-year mortgage rate up to 4.33 pct Associated Press - 6 hours ago
    Average US 30-year mortgage rate up to 4.33 pct

    Average U.S. rates on fixed mortgages rose this week as the spring home-buying season has gotten off to a slow start. Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan ...

  • 5 Ways to Save for a One-Time Expense US News - 8 hours ago

    One of the best ways to earmark money for one-off expenses is to open a savings account -- or even multiple savings accounts -- just for these expenses. So the next time your boss gives you a great review and a hefty check to boot, deposit it into your separate savings account and put it toward that car engine replacement or urgent care visit you weren't expecting.

  • National mortgage rates for April 24, 2014 Bankrate.com - 11 hours ago

    Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Find the best mortgage rates in your area. Mortgages 4.48% (30-year fixed) 0.30 (average points) Mortgage rates increased this week ...

  • How long will a judgment stay on your credit? Bankrate.com - 11 hours ago

    I have a judgment and collections account on my credit report for an old debt. The content is broad in scope and does not consider your personal financial situation.

  • Home equity loan rates for April 24, 2014 Bankrate.com - 11 hours ago

    Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Find the best home equity rates in your area. Home Equity 4.92% (line of credit) 6.21% (loan) Rates on loans backed by home equity ...

  • Auto loan rates for April 24, 2014 Bankrate.com - 11 hours ago

    Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Find the best auto rates in your area. Auto Loans 4.22% (60-month, new car) 4.79% (36-month, used car) Rates on new and used car ...

  • Where will mortgage rates head next week? Bankrate.com - 11 hours ago

    Will rates go up, down or remain unchanged? Intro Up 50% Down 25% Unchanged 25% Panel Prediction Up Down Unchanged 50% 25% 25% This week (April 24-30), half of the panelists believe mortgage rates will ...

  • CD rates for April 24, 2014 Bankrate.com - 11 hours ago

    Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Compare CD rates nationally and in your area. CDs 0.24% (1-year CD yields) 0.8% (5-year CD yields) There were a couple of changes ...

  • Credit card interest rates for April 24, 2014 Bankrate.com - 11 hours ago

    Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Find the best credit card offers available. Credit Cards 13.02% (all fixed) 15.61% (all variable) Rates on credit cards were again ...

  • 4 signs a financial adviser isn't on your side Bankrate.com - 11 hours ago

    Your adviser doesn't have to be a junior Bernie Madoff to cost you a fortune. Fee-based advisers may accept commissions or other compensation from the companies whose products they recommend.

  • Mortgage rates rise as home sales stumble Bankrate.com - 11 hours ago

    It's unlikely that rates will continue to climb in coming days, as they have been following a seesaw pattern, says Pava Leyrer, director of training for Northern Mortgage Services in Grandville, Mich. Rates following the stock market Mortgage rates once again seem to be fluctuating at the same pace as the stock market, says Brett Sinnott, director of secondary marketing for CMG Mortgage in San Ramon, Calif. "For the first time in a few years, mortgage rates are following stocks again," he says.

  • Greek milestone helps EU move from crisis AAP - 20 hours ago

    Europe's debt crisis is receding farther behind in the rear view mirror. Confirmation from the European Union (EU) that Greece has recorded a primary budget surplus was a key requirement for the country to get more debt relief from international creditors. For more than four years, the eurozone has been grappling with a loss of investor confidence stemming from out-of-control public finances in several countries, such as Greece and Spain. However, the tough austerity medicine that involved big spending cuts and tax rises appears to have stabilised the situation.

  • FMA investigates whether banks breached financial markets laws on interest rate swaps to farmers BusinessDesk - 23 hours ago

    The Financial Markets Authority, New Zealand's markets watchdog, is investigating whether the sales and marketing of interest rate swaps by major banks to rural customers may have breached financial markets laws. The FMA is working with the antitrust regulator, the Commerce Commission, to see if the banks have breached laws including the Securities Act 1978 and the Securities Markets Act 1988, the watchdog said in a statement. The Commerce Commission began its probe in 2012 on concern banks had misrepresented swaps to rural customers and has said it plans to file legal proceedings against the Australian-owned ASB Bank, ANZ Bank New Zealand and Westpac New Zealand, citing possible breaches of the Fair Trading Act, and said it was also looking at other institutions which sold the swaps.

  • Final Glance: Insurance companies Associated Press - 23 hours ago

    Shares of some top insurance companies were mixed at the close of trading: ACE L rose $.44 or .4 percent, to $101.48. Aflac Inc. fell $.08 or .1 percent, to $62.70. American International Group rose $.64 ...

  • Ex-CEO admits stealing from prominent NYC charity Associated Press - Thu, Apr 24, 2014 7:14 AM NZST

    The politically connected former CEO of a prominent city charity admitted Wednesday he helped steal more than $9 million from the organization in an insurance scheme that authorities linked to campaign ...

  • Greek milestone helps Europe put crisis in past Associated Press - Thu, Apr 24, 2014 4:57 AM NZST
    Greek milestone helps Europe put crisis in past

    Europe's debt crisis is receding farther behind in the rear view mirror. Led by good news from Greece, the eurozone on Wednesday notched up several key milestones that together indicate stronger government ...

  • My Herbalife short is looking much better: Ackman CNBC - Thu, Apr 24, 2014 4:09 AM NZST
    My Herbalife short is looking much better: Ackman

    Bill Ackman tells CNBC that his losses from betting against Herbalife have been "more than cut in half" based on the recent downturn of the company's stock.

  • Early Glance: Insurance companies Associated Press - Thu, Apr 24, 2014 2:29 AM NZST

    Shares of some top insurance companies are mixed at 10 a.m.: ACE L rose $.49 or .5 percent, to $101.53. Aflac Inc. fell $.23 or .4 percent, to $62.55. American International Group rose $.20 or .4 percent, ...

  • I did not front-run Allergan stock, Ackman says CNBC - Thu, Apr 24, 2014 1:40 AM NZST
    I did not front-run Allergan stock, Ackman says

    Activist investor Bill Ackman also tells CNBC that Allergan's adoption of a poison-pill defense does not necessarily make the takeover bid more difficult.

  • Greece hits milestone, opens way for debt relief Associated Press - Thu, Apr 24, 2014 12:26 AM NZST
    Greece hits milestone, opens way for debt relief

    Greece has reached a major financial milestone that its creditors demanded as a precondition for being granted more debt relief, the European Commission said Wednesday. Additional help from its bailout ...

  • Yields fall sharply in Portuguese debt auction Associated Press - Thu, Apr 24, 2014 12:24 AM NZST
    Yields fall sharply in Portuguese debt auction

    Portugal's chances of ending its three-year bailout program without requiring more help have increased after interest rates fell steeply in a 10-year bond auction Wednesday. The government debt agency ...

  • Greece reaches milestone, opens way for assistance Associated Press - Wed, Apr 23, 2014 11:29 PM NZST

    Greece has reached a major financial milestone that its creditors demanded as a precondition for being granted more debt relief, the European Commission said Wednesday. Additional help from its bailout ...

  • Government finances improved across Europe in 2013 Associated Press - Wed, Apr 23, 2014 10:17 PM NZST

    Governments across the 18-country eurozone made further headway in 2013 in reducing their deficits, official figures showed Wednesday in a further sign that spending cuts and the nascent economic recovery ...

  • Expensive surprise with reverse mortgage Bankrate.com - Wed, Apr 23, 2014 10:00 PM NZST

    When I applied for a reverse mortgage in May 2013, my home was appraised at $252,000. I had a mortgage balance of about $142,963. Within six months, the loan ballooned to $162,000, with interest totaling about $2,557 along with a mortgage insurance premium for $6,129. I'd like to know more about why you sought a reverse mortgage in the first place.

  • TD Ameritrade reports fiscal 2Q earnings Wednesday Associated Press - Wed, Apr 23, 2014 9:03 PM NZST

    Online brokerage TD Ameritrade will release its fiscal second-quarter earnings report Wednesday morning. The Omaha, Nebraska, based company is likely to report positive news because investors have been ...

  • Economists focus on CPI data AAP - Wed, Apr 23, 2014 7:25 PM NZST

    Economists focused on the March quarter inflation figures this week. The responses by economists to the consumer price index figures on Wednesday confirmed that. The figures showed inflation at 2.9 per cent, less than most economists had tipped. "Today's inflation report was weaker than both our and the RBA's expectations," Bank of America Merrill Lynch economist Alex Joiner said in a report.

  • Benign inflation good news for borrowers AAP - Wed, Apr 23, 2014 6:08 PM NZST
    Benign inflation good news for borrowers

    Lower than expected inflation will allow the Reserve Bank of Australia to keep the cash rate at a record low 2.5 per cent. The lower than expected figures, which followed surprisingly high inflation in the December quarter, would allow the RBA to keep the cash rate low, ANZ chief economist Ivan Colhoun said. The figures showed inflation was well and truly in check, said CommSec economist Savanth Sebastian. "At present inflation is not a threat to the economy, meaning that the Reserve Bank can comfortably keep interest rates at exceptionally low levels over the near term," he said.

  • Forex: Aussie Dollar Sinks on Soft CPI, Euro May Fall on PMI Data DailyFX - Wed, Apr 23, 2014 4:47 PM NZST

    Forex: Aussie Dollar Sinks on Soft CPI, Euro May Fall on PMI Data

  • Shorten blasts timing of audit release AAP - Wed, Apr 23, 2014 3:00 PM NZST
    Shorten blasts timing of audit release

    The federal government will release its commission of audit within days, but Opposition Leader Bill Shorten says the timing is all about politics rather than the interests of Australians. Mr Shorten said the government had deliberately not released the report before the South Australian and Tasmanian elections, and the West Australian Senate election re-run. "I am deeply sceptical about when the government releases the commission of audit that it is all to do with politics and nothing to do with the interests of Australians," he told ABC radio.

  • Lower inflation good news for borrowers AAP - Wed, Apr 23, 2014 2:01 PM NZST
    Lower inflation good news for borrowers

    Lower than expected inflation means the Reserve Bank of Australia can keep the cash rate at its current low. The consumer price index (CPI), a key measure of inflation, rose 2.9 per cent in the year to March, the Australian Bureau of Statistics said on Wednesday. The headline CPI was expected to rise by 0.8 per cent in the March quarter for an annual rate of 3.2 per cent, according to an AAP survey of 12 economists. The lower than expected figure would allow the RBA to keep the cash rate low, said ANZ chief economist Ivan Colhoun.