National personal finance outlook
Mutual funds continue to attract cash in April
Mutual funds continued to attract cash in April, although the pace slowed from the record amount that flowed in during the first three months of the year. Investors also became more cautious, as bond funds attracted slightly more money than stock funds. A net $39 billion was deposited into stock ...
Pa. Turnpike looks to foreign investors for $200M
Foreign investors could provide $200 million to help connect the Pennsylvania Turnpike to Interstate 95 in southeastern Pennsylvania in a deal that would provide commissions and fees for the officers of a Philadelphia investment management company and green cards for the investors and their families. Turnpike officials told the Philadelphia ...
Conn. legislature mulls worker retirement access
Connecticut's private sector workers would have access to state-run retirement plans under legislation moving through the General Assembly with the support of majority Democrats, but questioned by skeptical Republicans who say the state should stay out of private investment decisions. Two committees have approved a measure establishing a trust fund ...
Copying Warren Buffett harder for investors today
Investor Warren Buffett has a knack for explaining what he does in simple terms that sound easy to follow, and his ranking as one of the world's richest men inspires many to copy his moves. "Always get more for your money than you pay," Buffett said Thursday when summarizing the ...
How much risk to take? Assessing fund volatility
The stock market is in a groove. The Standard & Poor's 500 has climbed six months in a row and finished April at another record high. So far this year the index is up roughly 12 percent. That sounds good, right? A qualified "yes" might be the best answer. Consider ...
Okla. study recommends consumer-driven health plan
As lawmakers in the state of Washington consider moving some part-time government workers out of a state-sponsored health plan and into an insurance exchange developed under the nation's new health care overhaul law, officials in Oklahoma say there are no plans for a similar move here. Officials have instead recommended ...
AP Source: Fiat mulls IPO after buying Chrysler
Italian automaker Fiat is considering a plan to hold a public stock offering after the company buys 100 percent of Chrysler, according to a person briefed on the matter. The plan to sell shares of a combined company is among several options being evaluated by Sergio Marchionne, who serves as ...
Recession doesn't change students' econ savvy
The Wall Street meltdown of 2008 and the ensuing recession did little to help make high school seniors financially savvy and less than half of them have a solid understanding of economics, according to an Education Department report released Tuesday. In real terms, that might mean that students might have ...
Some residents allowed back home after Texas blast
Stranded families growing weary and frustrated since a deadly Texas fertilizer plant explosion left them barricaded from their battered homes finally began returning Saturday, but only under a curfew and strict warnings to not wander beyond their own yards. Authorities gave the much-awaited OK after a nervous morning. Emergency workers ...
NYC study looks at immigrant banking habits
A study of members of some of New York City's fastest-growing immigrant communities finds that their banking patterns can be very different, with some immigrants opening bank accounts by the time they've been here a few years and others still not having them after living here more than a decade. ...
Are you a savvy manager of your IRA?
When it comes to retirement planning, most of the focus is placed on 401(k)s. The reality is that individual retirement accounts represent the largest share of America's savings. At the end of last year, IRAs had $5.4 trillion in assets compared with $5.1 trillion in 401(k)s and other defined contribution ...
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