Financial related news.
NEW YORK (AP) — Whoa, give us back our money. We wanted something boring. That’s what a growing number of investors are saying after joining the wave earlier this year into so-called “low-volatility” funds. These types of funds try to offer nervous investors a smoother ride, by buying stocks with a history of milder price [...]
Mortgage rates are near all-time lows, and it might be hard to imagine them going even lower. And yet, some loan experts say, many banks aren’t giving borrowers the lowest rates they deserve. It’s a matter of how banks price mortgage loans: Loans must be attractive to potential investors who buy loans from the banks. [...]
NEW YORK (AP) — More Americans have access to a checking or savings account, according to a survey released Thursday by federal regulators, a sign that the improving economy is helping lift the nation’s poorest households. Having a checking or savings account is considered a cornerstone of financial stability in the U.S. Without one, households [...]
FRANKFURT, Germany — The walking dead are gnawing at Europe’s weak economy — zombie banks and zombie companies. Almost a decade after the financial crisis that ravaged the global economy, analysts and top officials are warning that too many banks in Europe are struggling financially, keeping them from lending to companies and fostering growth. Calls [...]
NEW YORK — Young Americans with even just $1 saved for retirement are ahead of the pack. Forty-eight percent of all Americans aged 18 to 30 have zero in retirement savings and no access to a traditional pension, according to a GenForward poll by the Black Youth Project at the University of Chicago with the [...]
OMAHA, Neb. (AP) — Warren Buffett has the kind of money problem most people would envy: a growing mountain of cash. Nearly $73 billion piled up at Berkshire Hathaway by mid-summer, more than Buffett’s conglomerate has ever held before. And the total continues growing every day Buffett doesn’t make a major investment because Berkshire’s 90-odd [...]
NEW YORK (AP) — Food prices are falling, but how is that translating to your grocery bill? The cost of groceries is down an average of about 2 percent over the past year, according to the Bureau of Labor Statistics, including a nearly 9 percent drop for raw ground beef and 4.3 percent drop for [...]
A new Harris Poll commissioned by Columbus-based Nationwide Insurance reveals that a majority of retired women are on course for financial hardship during non-productive years. Nationwide Retirement Institute reported the results of the new poll, which found that these women could spend 70 percent of their Social Security benefit on health care costs. Paired with [...]
ANCHORAGE, Alaska — Yes, you could call it free money. But that doesn’t mean all Alaskans are happy about the $1,022 dividend checks nearly every resident will receive starting Thursday from the state’s oil wealth fund. Folks were looking at getting more than twice that amount. “It’s really putting the hurt on my community,” said [...]
STORRS, Conn. (AP) — Spencer Mulligan knew his family could pay for his college education, even without loans or grants. So when the University of Connecticut offered a merit award of $20,000 over four years, he saw it as a bonus. As a discount on in-state tuition, it brought the cost well below half of [...]