Topic: Investment Services

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Top 10 places to buy a foreclosed home

Here are the Top 10 metropolitan areas to buy a foreclosed home, according to RealtyTrac:
Five brokers' secrets you should know before trading online

Over 17 million investors with the three largest online brokerages – Schwab, E-trade, and TD Ameritrade – are paying more than $1.8 billion every year on trading fees and brokerage services that most of them don’t need, according to a recent NerdWallet study. Here are five brokerage secrets you should know before trading online:
'Home Front Girl': 7 stories from a real WWII-era diary

Joan Wehlen Morrison's diary capturing life in Chicago before and during World War II offers insight into the era. Here are 7 of Morrison's stories from "Home Front Girl."
10 books to read after the election

Election season is finally almost over. Now it's time to actually tackle America's problems. Here are 10 books that offer context.
Five ways big banks' Libor scandal affects you

London, this year's host of the Olympics, is also home to a bank scandal that threatens to rock the financial world as much as the Games influence the world of sports. Here's why: Libor (London Interbank Offered Rate) is a global benchmark for interest rates that reaches deep into the international financial system. Allegations that banks rigged those rates means that everyone from mortgage-holders and indebted students to cities and mutual funds may have had their interest rates unnaturally altered. Already tainted by other scandals, banks are under investigation because of charges that they profited illegally from their rate-rigging scheme. The mess further taints big banks and puts more strain on the credibility of the global financial system. Here are five ways the Libor scandal could affect you:

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Bloomberg L.P.: Letting reporters access client data was 'mistake'

Bloomberg L.P. says it has cut off its journalists' special access to its clients' financial services information, describing such access as a 'mistake' in its newsgathering policies. The Federal Reserve is now investigating whether Bloomberg journalists tracked data about top Fed officials.
Schwab website recovers after second day of cyber attacks

Schwab customers were unable to trade online for two hours Tuesday and again intermittently on Wednesday because of cyber attacks. But Schwab says the problem has been resolved.
Stocks slip on weak earnings

Stocks fell on Wall Street Thursday after disappointing earnings from a range of companies. Commodities stocks held steady following a wild couple of days.
Energy Voices Wind industry in holding pattern, awaiting new tax rules

As long as construction starts before year-end, wind and geothermal properties are eligible for the Production Tax Credit. The problem, Hinckley writes, is no one is exactly sure what it means to begin construction.
SAC to pay $614 million in insider trading settlement

Two affiliates of SAC Capital Advisors, charged with trading on confidential details about a drug trial, agree to settle insider trading case. Regulators call it the largest insider trading settlement ever.
Is it time to invest in foreclosures?

Firms are buying up foreclosed homes and renting them out, hoping to profit from the appreciation. Individuals can do better, if they can buy a foreclosure that justifies itself in rent alone.
Top 10 places to buy a foreclosed home

Here are the Top 10 metropolitan areas to buy a foreclosed home, according to RealtyTrac:
Subprime loans are hot again. Unfortunately.

Subprime loans market is coming back
Tax VOX The burden of choice weighs on the tax system

The current taxation of derivatives is complicated and inconsistent, Rosenthal writes. Investors often use these tax differences to manipulate the character, timing, or source of their income to reduce their tax liability, he adds.
Five brokers' secrets you should know before trading online

Over 17 million investors with the three largest online brokerages – Schwab, E-trade, and TD Ameritrade – are paying more than $1.8 billion every year on trading fees and brokerage services that most of them don’t need, according to a recent NerdWallet study. Here are five brokerage secrets you should know before trading online:
Madoff prison letter: Beware 'dark pools' on Wall Street

Madoff prison letter warns of lack of transparency in the markets from 'dark pools,' where institutions buy and sell privately outside stock exchanges. Hedge funds' push into riskier ventures also comes under fire in Madoff prison letter.
Japanese firms set spending record in buying up foreign assets

Japanese corporations will have spent more on foreign companies than they did at the height of the '80s. But few heads are turning, showing how much has changed in perceptions of Japan.
Stocks edge up as investors await fiscal cliff deal

Stocks ended higher Thursday despite fiscal cliff uncertainty weighing on stock traders' minds.
The Monitor's View: Shaping the world of 2030

A US intelligence report to the president on global trends to the year 2030 is generally upbeat. But like any futuristic study, its foresight needs hindsight in the reading.
Indebted Caribbean tax havens look to tax foreign investors

Industry analysts say new fees and taxes could bring in needed money to a region where some debts are near that of Greece. But could they scare off investors?
'12 days of Christmas' cost: How much is a partridge in a pear tree?

'12 days of Christmas' cost will be a little higher this year. The prices of partridges, pear trees, gold rings, and swans a-swimming all increased from 2011. Below are the estimated costs of all the items from the '12 days of Christmas' carol.
Bernard Madoff lawsuits end with $210M settlement

Bernard Madoff victims will get $210 million in a settlement reached by the bank BNY Mellon. The settlement is expected to mark the end of lawsuits stemming from the Bernard Madoff scandal and return nearly all of the original investments to those who were defrauded.
'Home Front Girl': 7 stories from a real WWII-era diary

Joan Wehlen Morrison's diary capturing life in Chicago before and during World War II offers insight into the era. Here are 7 of Morrison's stories from "Home Front Girl."
10 books to read after the election

Election season is finally almost over. Now it's time to actually tackle America's problems. Here are 10 books that offer context.
Stock futures fall; Sandy shuts down US markets (+video)

Stock futures were down Monday as Hurricane Sandy shut down the major US financial markets, the first unplanned shutdown since September 2001. Stock futures on the Dow slid 99 points in premarket trading, and several companies postponed earnings reports due to Hurricane Sandy.
Chapter & Verse 'Why I Left Goldman Sachs': a viral op-ed expands into a memoir

Goldman Sachs employee Greg Smith's 'Why I Left Goldman Sachs' drew strong response as an op-ed in The New York Times, but is garnering negative reviews as a memoir.
Chapter & Verse Man Asian Literary Prize loses funding

The Man Group, which also sponsors the Man Booker Prize, has withdrawn its support from the Man Asian Literary Prize, which will be unable to go on after this year if another sponsor isn't found.
Suddenly, Vikram Pandit is out as Citigroup CEO

Citigroup offers no explanation for shakeup, which besides Pandit includes chief operating officer Havens. Citigroup's Europe chief Michael Corbat is replacing Pandit.
Timothy Geithner pressures SEC to change money-market rules

Timothy Geithner is putting pressure on the Securities and Exchange Commission to overhaul its rules for money-market mutual funds. Geithner warned that without an overhaul to the money-market system, US financial stability would remain threatened.
Five ways big banks' Libor scandal affects you

London, this year's host of the Olympics, is also home to a bank scandal that threatens to rock the financial world as much as the Games influence the world of sports. Here's why: Libor (London Interbank Offered Rate) is a global benchmark for interest rates that reaches deep into the international financial system. Allegations that banks rigged those rates means that everyone from mortgage-holders and indebted students to cities and mutual funds may have had their interest rates unnaturally altered. Already tainted by other scandals, banks are under investigation because of charges that they profited illegally from their rate-rigging scheme. The mess further taints big banks and puts more strain on the credibility of the global financial system. Here are five ways the Libor scandal could affect you: