Category: Financial News

January 2, 2015
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European government bond prices surged to highs after weak manufacturing data reinforced hopes that the European Central Bank will expand its asset-purchase program to include government debt early this year. The yield on the 10-year German bund sank below 0.5%...

January 2, 2015
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Pacific Investment Management Co.’s biggest mutual fund suffered about $19.4 billion in withdrawals in December, the 20th straight month of redemptions, capping a year that included the surprise departures of Bill Gross and Mohamed El-Erian. Redemptions from the Pimco Total Return Fund (PTTRX) in...

January 1, 2015
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The U.S. economy enters 2015 with the strongest momentum in at least a decade and as the fittest of all the industrialized nations. The question is whether that muscle can help yank the rest of the world out of its...

December 23, 2014
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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,...

December 23, 2014
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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...

December 22, 2014
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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...

December 17, 2014
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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...

November 24, 2014
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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...

November 19, 2014
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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,...

November 18, 2014
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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...

November 3, 2014
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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...

October 15, 2014
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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...

September 29, 2014
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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...

September 26, 2014
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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...

September 17, 2014
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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

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