Financial

  • Lew tells Congress of emergency measures to avoid debt limit Associated Press - 13 minutes ago
    Lew tells Congress of emergency measures to avoid debt limit

    Treasury Secretary Jacob Lew told Congress on Friday that he will start using the package of emergency measures he has used in the past to keep the federal government from going over the debt limit next ...

  • US consumers increased January borrowing by $11.6 billion Associated Press - 1 hour 3 minutes ago
    US consumers increased January borrowing by $11.6 billion

    Consumers increased their borrowing in January at the slowest pace in more than a year with borrowing on credit cards actually declining for the second time in the last three months. The Federal Reserve ...

  • 3 Important Ways to Protect Your Retirement Savings US News - 2 hours 17 minutes ago

    A recent report from President Obama's Council of Economic Advisors concluded that inappropriate investment advice is costing retirement savers $17 billion per year. Some investment brokers have a financial incentive to recommend the products and services that will make them the most money, rather than the investments that will produce the best outcome for the client. "There are also financial advisors who received back door payments and hidden fees for steering people into bad retirement investments that have high fees and low returns," said President Obama in a recent speech at AARP. If a retiree receives conflicted advice when rolling a 401(k) balance over to an IRA upon retirement he or she will lose an estimated 12 percent of the value of the account while drawing it down over 30 years.

  • Midday Glance: Insurance companies Associated Press - 3 hours ago

    Shares of some top insurance companies are mixed at 1 p.m.: ACE L fell $.83 or .7 percent, to $112.36. Aflac Inc. fell $.39 or .6 percent, to $62.41. American International Group rose $.40 or .7 percent, ...

  • Early Glance: Insurance companies Associated Press - 5 hours ago

    Shares of some top insurance companies are up at 10 a.m.: ACE L rose $.30 or .3 percent, to $113.49. Aflac Inc. rose $.32 or .5 percent, to $63.12. American International Group rose $.70 or 1.3 percent, ...

  • Bank of Greece: need progress in talks with creditors Associated Press - 8 hours ago
    Bank of Greece: need progress in talks with creditors

    The meeting of the eurozone's 19 finance ministers next week is very important for financially stricken Greece, the country's central bank governor said Friday. The meeting, known as the eurogroup, is ...

  • 7 financial scams that target seniors Bankrate.com - 11 hours ago

    As many senior citizens spend their retirement traveling with family, pursuing second careers or becoming more active in the community, con artists are creating devious schemes to prey on their accumulated wealth. Most recently, Treasury Secretary Jack Lew, 59, said he almost fell for a financial scam. Michael Raanan, former IRS agent and president of Landmark Tax Group in California, says the IRS telephone scam is one of the most pervasive scams targeting seniors. He says senior citizens are receiving phone calls from scammers who purport to be IRS agents.

  • Would an in-car camera help keep my kid safe? Bankrate.com - 11 hours ago

    My kiddo has developed this nasty habit of unbuckling his seat belt while we are driving. Is there a camera for the inside of the car that would allow me to have "eyes in the back of my head"? Boy, it sounds like you've got quite a situation on your hands! Yes, a camera that shows you the interior of your car would allow you to see your son in the rear seat without turning around. It sounds like your son is quite a bit older, since he's in a seat belt and not a car seat, but a store that sells baby accessories is what you need.

  • Agent flips out because of delayed home closing Bankrate.com - 11 hours ago

    I even offered buyers a free lease on my house in the interim, but the buyer's agent flipped out and now he's threatening to sue for lost commission. What can the buyer's agent actually come after? Meanwhile, that buyer's agent is out very little or nothing unless the buyers opt to walk, which would be odd given a free-rent offer that solves that nagging "where do we live in the meantime?" riddle. Perhaps the agent has onerous Christmas bills to pay that can't wait five and a half weeks -- or is expecting heavy rain for 40 days and 40 nights.

  • How long will car repo hurt my credit? Bankrate.com - 11 hours ago

    When my former spouse had a vehicle repossessed in January 2009, my credit score fell sharply from 820 to 577. One reporting agency says it will be removed from my credit history a few months from now. Aside from the car incident, I have a good credit history. Generally, how long does it take for a credit score to return to normal or better?

  • Hockey urges use of cheap money AAP - 12 hours ago
    Hockey urges use of cheap money

    Treasurer Joe Hockey has urged businesses to use record low borrowing rates to turbo-charge the economy. Mr Hockey on Friday conducted a media blitz a day after releasing the five-yearly Intergenerational Report. The report warned of lower incomes, tax hikes, higher government debt and massive budget deficits for the next four decades unless action is taken to improve productivity, workforce participation and economic growth. "There's a lot of money out there and it's looking for returns," Mr Hockey said.

  • Blue Chip's Bryers banned from managing NZ firms for 7 more years, bankruptcy lifted BusinessDesk - 16 hours ago

    Former Blue Chip boss Mark Bryers has been discharged from his five-and-a-half year bankruptcy, though he's banned from acting as a manager or director in New Zealand for another seven years because of the risk he poses to the public. In the High Court in Auckland, Associate Judge Jeremy Doogue today lifted the long-running bankruptcy order hanging over Bryers' head, that prevented him from holding director or management roles in Australia, where he's lived since 2006. The judge decided Bryers still poses a continuing risk, and has "little insight into the harm that he has done", though the chance of returning to New Zealand was a small one. "It is clear that the reason why he wishes to be discharged from bankruptcy is not so that he can return to New Zealand to resume business, but so that he can play an active part in businesses in Australia, such as the Talos enterprise, without risking contravention of Australian Corporation Law," the judgment said.

  • European Central Bank: Recovery is strengthening Associated Press - 22 hours ago
    European Central Bank: Recovery is strengthening

    The European Central Bank will unleash its 1.1 trillion euro ($1.2 trillion) stimulus program on Monday — and says the prospect is already boosting the eurozone economy. Mario Draghi, the bank's president, ...

  • Final Glance: Insurance companies Associated Press - 22 hours ago

    Shares of some top insurance companies were mixed at the close of trading: ACE L rose $.59 or .5 percent, to $113.19. Aflac Inc. rose $.45 or .7 percent, to $62.80. American International Group rose $.23 ...

  • Migrants lazy way to grow economy: Hockey AAP - Fri, Mar 6, 2015 9:59 AM NZDT
    Migrants lazy way to grow economy: Hockey

    Treasurer Joe Hockey says immigration is the lazy way to grow the economy. Mr Hockey said the government was forecasting a drop in immigration as a percentage of the total population. "Immigration is a rather lazy way to try to grow your economy," Mr Hockey told ABC radio. Mr Hockey released his five-yearly review of the 40-year outlook for the Australian economy on Thursday, which projected an Australian population of about 40 million by 2055.

  • Chief digital officers: Here today, gone tomorrow? CNBC - Fri, Mar 6, 2015 6:24 AM NZDT
    Chief digital officers: Here today, gone tomorrow?

    Since 2012 the number of chief digital officers has been doubling each year to 1,000 CDOs at the end of 2014. Yet this trend may only be transitory.

  • US average rate on 30-year home loan drops to 3.75 percent Associated Press - Fri, Mar 6, 2015 5:31 AM NZDT

    Average U.S. long-term mortgage rates have fallen for the first time in four weeks and remained near historically low levels. Here's a look at rates for fixed and adjustable-rate mortgages this week and ...

  • Reserve Bank wants new rules for property investors Newstalk ZB - Fri, Mar 6, 2015 5:24 AM NZDT

    Landlords are again in the spotlight, following confirmation the Reserve Bank wants new rules for loans to property investors.

  • Average US rate on 30-year mortgage drops to 3.75 percent Associated Press - Fri, Mar 6, 2015 4:01 AM NZDT
    Average US rate on 30-year mortgage drops to 3.75 percent

    Average long-term mortgage rates have fallen for the first time in four weeks and remain near historic lows reached in May 2013. Mortgage giant Freddie Mac says the national average for a 30-year, fixed-rate ...

  • How Finder's Fees Can Be a Catalyst for Business Growth Entrepreneur - Fri, Mar 6, 2015 3:45 AM NZDT
    How Finder's Fees Can Be a Catalyst for Business Growth

    One of best ways to find new customers and clients is through your own network. Here's what you need to know about charging and paying finder's fees for referrals.

  • How to Make Your Retirement Income Last US News - Fri, Mar 6, 2015 3:19 AM NZDT
    How to Make Your Retirement Income Last

    Picture this: You've worked hard your entire life, saving diligently for retirement. A nationwide survey of 1,000 adults, released last month from TIAA-CREF, shows that although a majority of Americans understand the importance of receiving guaranteed monthly income in retirement, 38 percent, have analyzed how their savings would translate into a regular "paycheck" in their golden years. You only get one shot at retirement, and you need to get it right. This means that as you approach retirement, you'll move away from equities and start investing more in bonds, so as to lessen your overall risk.

  • National mortgage rates for March 5, 2015 Bankrate.com - Thu, Mar 5, 2015 11:00 PM NZDT

    Interest Rate Roundup Find the best mortgage rates in your area. Mortgages 30-year fixed: 3.93% Average points: 0.26 Mortgage rates edged up as investors reacted to mixed economic reports and the stock ...

  • CD rates for March 5, 2015 Bankrate.com - Thu, Mar 5, 2015 11:00 PM NZDT

    Interest Rate Roundup Compare CD rates nationally and in your area. CDs 1-year CD yields: 0.27% 5-year CD yields: 0.88% Rates on certificates of deposit were a mixed bag in this week's rate survey. Unchanged ...

  • Can power of attorney status add to my debt? Bankrate.com - Thu, Mar 5, 2015 11:00 PM NZDT

    Eight years ago, she opened a credit card for a family member who has now declared bankruptcy. My mother only gets Social Security. I am her power of attorney. Can they go after me since I am her power of attorney?

  • Where will mortgage rates head next week? Bankrate.com - Thu, Mar 5, 2015 11:00 PM NZDT

    Will rates go up, down or remain unchanged? Intro Up 54% Down 15% Unchanged 31% Panel Prediction Up Down Unchanged 54% 15% 31% This week (March 5-11), 54 percent of the panelists believe mortgage rates ...

  • Home equity loan rates for March 5, 2015 Bankrate.com - Thu, Mar 5, 2015 11:00 PM NZDT

    Interest Rate Roundup Find the best home equity rates in your area. Home Equity Line of credit: 4.72% Loan: 5.94% Rates on loans backed by home equity fell in Bankrate's weekly survey. The typical home ...

  • Auto loan rates for March 5, 2015 Bankrate.com - Thu, Mar 5, 2015 11:00 PM NZDT

    Interest Rate Roundup Find the best auto rates in your area. Auto Loans 60-month, new car: 4.3% 36-month, used car: 5.15% Rates on auto loans increased dramatically this week, according to Bankrate's latest ...

  • Mortgages tick up on mixed economic reports Bankrate.com - Thu, Mar 5, 2015 11:00 PM NZDT

    Mortgage rates edged up this week as the stock market rallied and investors digested a series of mixed economic reports. "We are definitely seeing upward pressure on rates," says Bob Moulton, president of Americana Mortgage Group in Manhasset, New York. The benchmark 30-year fixed-rate mortgage rose to 3.93 percent from 3.9 percent last week, according to the Bankrate.com national survey of large lenders.

  • Credit card interest rates for March 5, 2015 Bankrate.com - Thu, Mar 5, 2015 11:00 PM NZDT

    Interest Rate Roundup Find the best credit card offers available. Credit Cards All fixed: 13.02% All variable: 15.79% Credit card rates were mixed this week, according to Bankrate's weekly survey of interest ...

  • MLS minimum: Playing for $36,500 with millionaire teammates Associated Press - Thu, Mar 5, 2015 5:16 PM NZDT
    MLS minimum: Playing for $36,500 with millionaire teammates

    Before he was in Major League Soccer, Zach Scott worked in accounting, as a coach and as a substitute teacher to pay the bills while he played in pro soccer's lower division. Scott now plays before crowds ...

  • Low rates helping the economy: RBA AAP - Thu, Mar 5, 2015 2:42 PM NZDT

    The Reserve Bank is confident that record low interest rates, a weaker Australian dollar and a housing boom are having a positive effect on the economy. Deputy governor Philip Lowe says the RBA's surprise decision to cut rates in February was not because "things had turned for the worse", but because of a lack of compelling signs of a pick-up in economic growth. Dr Lowe said there were signs the weaker Australian dollar was giving the economy a boost, with businesses telling the RBA it was opening up new opportunities. He added that the boost housing construction was getting from low interest rates was helping employment growth in that industry and lifting the sale of homewares and related items.

  • MLS minimum: Playing for $36,000 with millionaire teammates Associated Press - Thu, Mar 5, 2015 8:56 AM NZDT
    MLS minimum: Playing for $36,000 with millionaire teammates

    Before he was in Major League Soccer, Zach Scott worked in accounting, as a coach and as a substitute teacher to pay the bills while he played in pro soccer's lower division. Scott now plays before crowds ...

  • Mortgage volume freezes, but don't blame weather CNBC - Thu, Mar 5, 2015 1:00 AM NZDT
    Mortgage volume freezes, but don't blame weather

    Mortgage demand seems to be suffering from a lack of reason to refinance and a lack of homes for sale.

  • Divorce is not the way to boost Social Security Bankrate.com - Wed, Mar 4, 2015 11:00 PM NZDT

    Getting divorced isn't going to increase either of your Social Security benefits. To ask a question of Dr. Don, go to the "Ask the Experts" page and select one of these topics: "Senior Living," "Financing a home," "Saving and Investing" or "Money." Read more Dr. Don columns for additional personal finance advice.

  • Best way for parents to catch up on college savings Bankrate.com - Wed, Mar 4, 2015 11:00 PM NZDT

    I'm extremely late saving for college for my children aged 12 and 15. With just a few years until your children are ready for college and with income constraints, there's no magic bullet for a funding plan. First, a college education financed by parents is not a right in our country, but it has become something of an expectation. The good news is that financial aid can help finance some of their college costs.