Topic: JPMorgan Chase & Co.
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Five ways to get the most from your credit card
Credit card companies are using incentives to keep customers using their plastic. Here are five incentives you can use to get the most out of your credit card:
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Three best ways (and three worst ways) to finance holiday shopping
Consumers tend to rack up a lot of credit card debt during the fourth quarter, largely due to holiday expenses. This year, by one estimate, the average holiday shopper is on track to spend around $800. For many, that means financing, which remains a double-edged sword despite historically low interest rates and an array of new consumer protections. It can either save you a lot of money in interest and fees or trip you up with caveats buried in fine print that drastically inflate your expenses. Here are three of the best and three of the worst financing offers for holiday shoppers in 2012:
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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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For these four nations, 2012 is worse than the Great Recession
The Great Recession of 2008/09 delivered the worst blow to the global economy since the 1930s. But in a few nations, 2012 is turning out to be worse than 2009 in terms of economic growth. Europe's debt crisis, the general slowing of the world economy, and domestic political troubles have played a role in undercutting 2012 growth for one or more of these four nations. Can you guess who they are?
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5 great travel rewards credit cards
Summer travel can be cheap with the help of credit card rewards. Here are five great credit card rewards programs to fit your vacationing style.
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Saving Money Bye-bye free checking. Hello fee checking.
Free checking is disappearing as banks scramble to make up lost revenue. Will the government's new finance watchdog step in and regulate bank's new checking fees?
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Asma Assad, Syria's first lady, faces sanctions, contempt
The European Union slapped sanctions Friday on Asma Assad, the 36-year-old wife of the president who for the past decade offered a veneer of respectability to one of the world's most opaque and ruthless dictatorships.
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Stocks mostly lower; Dow up 16
The Dow rose 16 points to close at 13194 in the day after the stock market's biggest gain of the year.
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Robert Reich The GOP is confused about public morality
The real threat to American morality is what's happening in corporate board rooms, not people's private lives.
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Dow jumps 218 on market's biggest 2012 day
Bank stocks led the market to its biggest single day gain of 2012. The Dow rose 218 points to close at 13177, its highest close since 2007.
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Mortgage deal: Banks impeded probe, HUD says
Mortgage deal has forced banks to pay $25 billion, mostly to current and former homeowners. But in the run-up to the mortgage deal, banks delayed handing over foreclosure documents and prevented federal investigators from interviewing employees, the Department of Housing and Urban Development says.
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Dividend-paying stocks: more gains ahead
Dividend-paying stocks have room to grow, says BlackRock's CIO. One reason: Investors dissatisfied with low returns on their savings will be lured by the higher payouts of dividend-paying stocks.
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Stock market takes a dive, ending 2012 rally
Stock market suffered its biggest losses of the year Tuesday amid worries about the global economy and Greece. The Dow fell 203 points to close at at 12759 in its biggest drop since November.
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Checking fees too high? Customers eye credit unions.
Checking fees, other charges caused credit unions to gain double the normal number of customers. Mulling more hikes in checking fees, big banks could lose more customers, advocates say.
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Oil prices soar as Iran cuts off supply
Oil prices jumped to $105 per barrel Monday after Iran halted exports to Britain and France. Oil prices are now at a nine-month high.
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Bankruptcy court lets Washington Mutual reorganize
Bankruptcy reorganization calls for failed bank to distribute $7 billion to creditors and 418 million to shareholders. Bankruptcy proceedings took more than three years.
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Mortgage relief plan: Can it spark housing rebound?
Mortgage relief aimed at trying to boost lagging housing sector. Most of the $25 billion mortgage relief will go to homeowners struggling to pay their mortgages.
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Will $26 billion settlement from big banks repair US housing market? (+video)
In the short term, the deal between 49 states and five big banks may actually boost foreclosures, some say. In the longer term, it should clear the inventory of homes that depresses prices and help the middle class.
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Mortgage deal could help 2 million Americans
Proposed $25 billion settlement with major mortgage lenders would be biggest in 14 years. Much of the money would go to struggling homeowners and former homeowners hit by improper foreclosures.
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Foreclosure deal close in several key states
Foreclosure deal adopted in more than 40 US states would force mortgage lenders to reduce loans for about 1 million households. Two key states, New York and California, are close to adopting the foreclosure deal.
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The Simple Dollar Banks are not your friends
Financial institutions do not give you money because they want your dreams to come true. They give you money for their own gain. Here are the best ways to reduce your reliance on these businesses.
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Mitt Romney draws more Wall Street donations than Obama
Mitt Romney's six largest campaign donors in 2011 were from Wall Street. Romney got $1.8 million from Wall Street execs, according to the Center for Responsive Politics.
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Stocks bounce on low interest rate promises
The Dow rose 83 points to close at 12758, its highest close since May 2011, after the Federal Reserve pledged to keep interest rates near zero for almost three more years.
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Tech stocks boost the market
Strong earnings reports from IBM and Microsoft drove the Dow Jones industrial average higher Friday. The Dow rose 96 points to close at 12720.
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Strong housing report boosts stocks
The Dow and the S&P 500 had their highset closing numbers since July, propelled by a surprisingly strong report on the housing market and the possibility of more money for the International Monetary Fund. The Dow rose 96 points to close at 12578, and the S&P gained 14 points to end the day at 1308.
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Good news in Europe, China lifts stocks
Slight improvements in Europe's troubled debt markets and China's economy lifted stocks Tuesday. The Dow rose 60 points to close at 12482
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Stocks slip; JPMorgan disappoints
The Dow fell 48 points to close at 12422 Friday after a rare disappointing earnings report from JPMorgan Chase battered bank stocks
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Stock prices fall on European credit rumors
Stock prices fell in morning trading Friday after a rare earnings miss for JPMorgan Chase reports swirled that European governments may get their ratings cut soon. Stock prices dragged the Dow down 159 points in the first hour of trading.
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The Reformed Broker The Fed's new openness policy will create confusion, not clarity
Economists think that the Federal Reserve's new policy to be more transparent will only create noise and confusion in the markets
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Stock market's Happy New Year: Dow up 179
The Dow rose 179 points to close at 12397 on the first day of trading in 2012.
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