The U.S. economy is rounding out 2014 in a sweet spot of robust growth, sustained hiring and falling unemployment, stirring optimism that a postrecession breakout has arrived. A fuller picture of the year-end trends emerged Tuesday when the Commerce Department,...
Everybody loves a big, round number, especially in the stock market and especially when that number is climbing higher rather than plunging lower. Investors have endured both over the past seven years, watching as the widely watched Dow Jones Industrial Average climbed...
The average price of regular gasoline at U.S. pumps slid to the lowest level since May 15, 2009, dropping 24.68 cents in the two weeks ended Dec. 19 to $2.4713 a gallon, according to Lundberg Survey Inc. Prices are 79.05...
The Federal Reserve is edging closer to raising interest rates from record lows given a strengthening U.S. job market and economy. But it says it will be "patient" in determining when to raise rates. The Fed said Wednesday after a...
The aggregation rule will only apply to distributions from different IRAs if each of the distributions occurs after 2014. The Internal Revenue Service has expanded the transitional relief from the limitation on individual retirement account rollovers to one in 12...
To you, the money you’re thinking of rolling over into an IRA represents a lifetime of saving you’re counting on to sustain you in retirement. But to some financial advisers, it’s a commission honey pot. If you’re like most people,...
Prime Minister Shinzo Abe announced on Tuesday a delay in a second sales tax hike a day after Japan stunned economists when the country unexpectedly fell into recession. Abe also called for a snap election in a bid to get...
More than 50 popular tax provisions expired at the end of 2013. Without legislative action, businesses won't get a credit for research activities or be able to immediately deduct one-half of the cost of new business equipment. Individuals would lose...
NEW YORK, Oct 15 (Reuters) – Stocks and the U.S. dollar slumped and safe-haven government debt rallied on Wednesday, as investors around the globe resumed their flight from riskier assets after weak U.S. and Chinese inflation figures. Selling in stocks appeared panicky...
Despite declining federal budget deficits, the large and growing national debt has created a common perception that, at some point, tax burdens must rise to address the issue. While no one knows for certain, the mere belief that higher tax...
Bill Gross, who co-founded Pacific Investment Management Co. more than four decades ago and rose to become manager of the world’s biggest bond mutual fund, is leaving amid a dispute with management over how to move the firm forward and...
The Federal Reserve on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time," but also indicated it could raise borrowing costs faster than expected when it starts moving. Michael Flaherty & Howard Schneider
...California Public Employees' Retirement System oversees $298 billion – Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. Anna Prior |...
What could be better than “save-the-date?” A lilac-scented envelope with frilly streamers usually heralds the announcement of upcoming nuptials with an attendant celebration to boot. Choose from the chicken or fish option and you’re on your way. If only it...
In an effort to keep too-low inflation from derailing the eurozone's weak economy, the European Central Bank surprised financial markets with a cut in interest rates and new stimulus plans, despite opposition from Germany's powerful central bank. Brian Blackstone |...
