Shares of online home sales site Zillow were down more than 16 percent by the close on Tuesday, marking the company's worst day in nearly seven years. Closing at $49.40 per share, the stock recovered some of its losses from...
Since 1975, when the first retail investment fund that aimed simply to mimic a stockmarket index was launched by Vanguard, such “passive” funds have squeezed margins and profits right across the asset-management industry. On August 1st that trend reached its...
Chinese peer-to-peer protests are setting a political trap for regulators. Beijing police on Monday stopped irate investors from converging on the head office of China’s banking regulator to demand compensation for losses from collapsed P2P lenders. Officials are partly responsible...
It’s an interesting time in the U.S. economy. We’re experiencing a nine-year-long expansion with robust GDP growth, while a trade war is brewing between the U.S. and its major trade partners. So how important is trade to the U.S. economy,...
New data reveals that Americans are keeping a sizeable chunk of their assets in cash — and losing out on returns as a result. In February, we learned that most Americans are behind on emergency savings, with more than half...
You’ve got financial questions. The internet’s got answers. So do friends, family members and late-night TV money gurus. But sometimes you need a professional who can provide money advice that’s tailored specifically to your needs. And that raises more questions:...
Many millennials are stretching financially to buy homes. Members of this younger generation are exhibiting risky behavior when coming up with a down payment to buy a home, with about 1 in 3 (29 percent) saying they raided their 401(k)...
Market Review Don’t look now but we’ve officially made it halfway through 2018! The year started off with strong upside momentum, but quickly became rather volatile post the State of the Union address. Stocks sold off in a big way,...
You've watched your children or relatives celebrate college graduation, move to new cities and start first jobs. You might be settling into life with an empty nest, or simply enjoying one less person in the house. That is, until your...
It's universally acknowledged that San Francisco is expensive — but are its rents the most expensive in the world? Yes — according to a new study from financial advice site Walletwyse. The study took crowd-sourced data from Numbeo, a site...
President Trump thinks a new tax on imported cars will boost American auto production and bring back thousands of jobs. He’s about the only one. As the Trump administration readies a report on imported cars that could be the pretext...
LendingClub, Social Finance push a ‘core banking product’ Goldman Sachs among established banks with an online lender Heather Turner and her husband needed a few thousand dollars to jump-start the adoption of a teenager from Ukraine, and their timing was...
More than 70% of Americans fall short of the often-recommended level of emergency savings, according to a new Bankrate.com report. And many have no emergency savings at all. According to the report, 23% of Americans have no emergency savings whatsoever,...
The “low” income level needed to qualify for some affordable housing programs in the Bay Area comes in at $117,400-a-year per household. The U.S. Department of Housing and Urban Development’s latest figure for “low income” levels has drawn outrage from...
The Dow erased its gains for the year Tuesday, finishing 287 points lower and extending a global stock sell-off triggered by President Donald Trump's threat to levy billions of dollars more in tariffs on Chinese goods. It's the latest escalation...
