Category Archives: Assets

Can I give my 401(k) firm the boot?

By doris | Published: January 26, 2012

Full Story at moneu.cnn.com NEW YORK (CNNMoney) — My 401(k) is managed by a brokerage firm that was busted by the SEC for fraudulent practices (although those practices weren’t related to my 401(k) plan). Still, I don’t want to invest my money with, or pay fees to, to a firm I consider unethical. For now, [...]

Also posted in 401(k), Change, Financial | Leave a comment

Gold loses a lot of its glisten in just one day

By doris | Published: August 24, 2011

Full Story at msnbc.com NEW YORK — Maybe gold isn’t so safe after all. After months of setting record after record, the price of gold plunged $104, or 5.6 percent, Wednesday to finish at $1,757 per ounce. That was the biggest percentage drop in nearly 3½ years and a blow to investors who thought the [...]

Also posted in Deals, Economy, Financial, Limits, Money | Leave a comment

Failure to act on debt could spell trouble for economy

By doris | Published: May 29, 2011

Full Story at msnbc.com The government has maxed out its borrowing limit, and Treasury officials have warned of dire consequences if Congress and the White House can’t agree soon on a plan for raising the debt ceiling. Failure to act on a plan could force the Treasury to make steep spending cuts to avoid defaulting [...]

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Stocks climb to 3-year highs on earnings boost

By doris | Published: April 26, 2011

Full Story at Money.cnn.com NEW YORK (CNNMoney) — U.S. stocks finished at their highest levels in three years Tuesday afternoon, as investors cheered another batch of earnings results and a better-than-expected report on consumer confidence. The Dow Jones industrial average (INDU) gained 115 points, or 0.9%, the S&P 500 (SPX) rose 12 points, or 0.9%, [...]

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Stocks in 2011: Brace for a bumpy road higher

By doris | Published: April 5, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — It’s been a volatile first quarter, but that’s not deterring Wall Street experts, who expect stocks to continue trending higher for the remainder of the year. Most market strategists are calling for the benchmark S&P 500 (SPX) index to rise an average of 4% over the next [...]

Also posted in Market, Stocks, Wall Street | 1 Comment

Bank bailout turns a profit

By doris | Published: March 30, 2011

Full Story at money.cnn.com The bank bailout — part of the Troubled Asset Relief Program — is now $6 billion in the black, a profit that might ultimately rise to $20 billion, according to the Treasury. And that’s nice. But if you look at the whole program, there are still some trouble spots, and not [...]

Also posted in America, Bailout, Banking, Business, Financial, Loans, Money, Pay Back, Repay | Leave a comment

IRS cracks down on millionaires

By doris | Published: March 29, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Watch out millionaires: The IRS is coming for you. Especially if you make more than $10 million. Audits of these folks surged 73% last year, hitting more than 18% of taxpayers in the highest income bracket, according to recently released statistics from the IRS.

Also posted in Corporate, Financial, Government, Investigation, IRS, Money, Tax | Leave a comment

Stocks rally for third day, Dow jumps 178

By doris | Published: March 21, 2011

Full Story at Money.cnn.com NEW YORK (CNNMoney) — U.S. stocks rallied for a third day on Monday, as fears about Japan’s damaged nuclear plants eased and investors cheered a huge merger in the telecommunications industry. The Dow Jones industrial average (INDU) jumped 178 points, or 1.5%, to 12,037. It’s the first time the Dow has [...]

Also posted in Business, Economy, Environment, Financial, Investors, Market, Money | Leave a comment

Investors should get prepared for a wild week

By doris | Published: March 20, 2011

Full Story at msnbc.com NEW YORK — Watch out for intraday swings because it’s going to be wild. Cataclysmic events, including a nuclear disaster in Japan, uprisings in the Middle East and North Africa and the possibility of more currency market intervention will keep investors reacting to headlines. “This is an extremely news-driven market. Investors [...]

Also posted in America, Business, Environment, Financial, Government, Investors, Japan, Market | Leave a comment

U.S. freezes $30 billion of Libyan assets

By doris | Published: February 28, 2011

Full Story atmoney.cnn.com NEW YORK (CNNMoney) — The U.S. government froze at least $30 billion of Libyan government assets — the largest amount ever blocked under a U.S. sanctions program, a senior Treasury Department official said Monday. It’s the latest move by international players in recent days to try to contain Libyan leader Moammar Gadhafi [...]

Also posted in Business, Government, President, Reform | Leave a comment