Personal Finance Daily JANUARY 31, 2012 Tuesday's Personal Finance StoriesBy MarketWatch
Also on MarketWatch today, Mark Hulbert explains the Super Bowl Predictor, and why Wall Street is rooting for the Giants to win. — Anne Stanley , Managing Editor, Personal Finance Jobless grads rap Sallie Mae over loan fee Stef Gray is spearheading an effort to get lender Sallie Mae to stop charging unemployed borrowers a fee to defer student loans — and her petition has more than 75,000 supporters. Read more: Jobless grads rap Sallie Mae over loan fee. Companies look to cut 401(k) fees The rules governing America's most popular retirement vehicle are about to change, and that could mean huge savings for millions of workers building nest eggs for the future. Read more: Companies look to cut 401(k) fees. INVESTING Facebook IPO filing: What to watch for Facebook is widely believed to be readying its first initial-public-offering papers this week, with its prospective IPO looming as one of the biggest market debuts in history. Whether the filing occurs this week or later, some of the key points to look for in the documents include revenue growth, sales mix and risk factors. Read more: Facebook IPO filing: What to watch for Why Wall Street is rooting for the Giants Can the Super Bowl help you make more money this year? Read more: Why Wall Street is rooting for the Giants. ECONOMY & POLITICS CBO sees falling deficits in 2012, 2013 The U.S. budget deficit will narrow to $1.08 trillion in fiscal 2012, the Congressional Budget Office estimated on Tuesday, while the jobless rate will average 8.9% for the year. Read more: CBO sees falling deficits in 2012, 2013. Consumer confidence dips in January A gauge of consumer confidence fell in January, partly reversing substantial gains in the prior two months, as views on current business conditions and employment declined, the Conference Board reported Tuesday. Read more: Consumer confidence dips in January. U.S. house prices slide 1.3% in November U.S. house prices dropped sharply in November to mark the third straight decline, according to a closely followed index released Tuesday. Read more: U.S. house prices slide 1.3% in November. It's the fiscal policy, stupid Washington politicians' refusal to help the economy with fiscal moves is forcing the Fed to step in, despite the impossibility of using monetary policy to solve the problem. Read more: It's the fiscal policy, stupid. Get the latest news on our mobile site: http://www.marketwatch.com/m MarketWatch has sent you this newsletter because you signed up to receive it. To ensure you receive this newsletter in the future, please add marketwatchmail.com to your list of approved senders. Sent to: kumaresan.selva.blogger@gmail.com Unsubscribe | Subscribe Copyright 2012 MarketWatch, Inc. All rights reserved. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. By using this site, you agree to the Terms of Service and Privacy Policy (updated 6/26/07). MarketWatch - Attn: Customer Service, 201 California St., San Francisco, CA 94111 |
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Tuesday, January 31, 2012
Personal Finance Daily: Grads fight Sallie Mae over loan fees
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Monday, January 30, 2012
Personal Finance Daily: Time to buy a house, but not to sell?
Personal Finance Daily JANUARY 30, 2012 Monday's Personal Finance StoriesBy MarketWatch
Amy Hoak writes today in her Home Economics column that many would-be home sellers are waiting for some stability in the economy, in unemployment and to see if home prices decline more. That's not a bad strategy. Still, some forecasters are expecting modest improvement in housing in 2012, and that means if you're thinking about selling, this may be the year to get your property in shape for a quicker and more profitable sale. — Anne Stanley , Managing Editor, Personal Finance It may be time to buy, but is it time to sell yet? Many Americans say now is a good time to buy a home, thanks to low rates and bargain home prices. But homeowners aren't sure it's time to sell — at least not yet. They're waiting for improvement in the jobs picture and for prices to stabilize. Read more: It may be time to buy, but is it time to sell yet? Car-buying tips men can learn from women Men can learn a thing or two from women's car-buying styles: Ask more questions, do more research, and forget gamesmanship. Read more: Car-buying tips men can learn from women. 2012 Hyundai Genesis 5.0 R-Spec When Hyundai's Genesis first hit the market in 2008, there were muffled calls that about the only thing missing in this upscale sedan was power. Read more: 2012 Hyundai Genesis 5.0 R-Spec. Are pension forecasts way too sunny? If you were a better stock picker than Warren Buffett, would you be punching the clock every day as the faceless manager of a corporate pension plan? Read more: Are pension forecasts way too sunny? Taking your pension private If you are self-employed and in the top echelon of earners, there is a big potential retirement-plan tax break available to you — and you don't even have to be Mitt Romney to get it. Read more: Taking your pension private. ECONOMY & POLITICS Wages rise 0.5% in December; spending ebbs Consumers spent less in December and saved more as their incomes rose sharply, U.S. data show Read more: Wages rise 0.5% in December; spending ebbs. INVESTING Stable-value funds are shaky 401(k) options Too many 401(k) holders mix insecurity and a bit of laziness with the general fear they have about the markets and investing. Faced with a slate of mutual funds, they see the word "stable" and a promised return and say "Sign me up" — and that's a problem. Read more: Stable-value funds are shaky 401(k) options. Apple wrestles with its 'China problem' Apple began last week by basking in record quarterly profits, but then ended the week in a public-relations retreat after reports of exploited workers in factories in China assembling its hot-selling iPads and iPhones. Read more: Apple wrestles with its 'China problem.' Gold bull methodically takes profits Gold finished 2011 up on the year, and gold bugs are hoping gold shares will follow the metal higher. Read more: Gold bull methodically takes profits. Get the latest news on our mobile site: http://www.marketwatch.com/m MarketWatch has sent you this newsletter because you signed up to receive it. To ensure you receive this newsletter in the future, please add marketwatchmail.com to your list of approved senders. Sent to: kumaresan.selva.blogger@gmail.com Unsubscribe | Subscribe Copyright 2012 MarketWatch, Inc. All rights reserved. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. By using this site, you agree to the Terms of Service and Privacy Policy (updated 6/26/07). MarketWatch - Attn: Customer Service, 201 California St., San Francisco, CA 94111 |
BEA News: Personal Income and Outlays, December 2011
The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:
Personal income increased $61.3 billion, or 0.5 percent, and disposable personal income (DPI) increased $47.1 billion, or 0.4 percent, in December, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) decreased $2.0 billion, or less than 0.1 percent. In November, personal income increased $7.4 billion, or 0.1 percent, DPI decreased $4.1 billion, or less than 0.1 percent, and PCE increased $11.4 billion, or 0.1 percent, based on revised estimates.
The full text of the release on BEA's Web site can be found at www.bea.gov/newsreleases/national/pi/pinewsrelease.htm
The Bureau of Economic Analysis provides this service to you at no charge. Visit us on the Web at www.bea.gov. All you will need is your e-mail address. If you have questions or need assistance, please e-mail subscribe@bea.gov.
Bureau of Economic Analysis, 1441 L Street, NW, Washington, DC 20230 United States
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Saturday, January 28, 2012
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Friday, January 27, 2012
Weekly Roundup: MarketWatch top 10 stories Jan. 23 - 27
Weekly Roundup JANUARY 27, 2012 MarketWatch top 10 stories Jan. 23 - 27By MarketWatch The Dow Jones Industrial Average (DJIA) fell 74.17 points, or 0.6%, to 12,660.46, leaving it down 0.5% for the week, its first weekly drop in four. The S&P 50 (SPX) shed 2.10 points, or 0.2%, to 1,316.33, but managed to remain 0.1% up from the week-ago close The Nasdaq Composite (COMP) added 11.27 points, or 0.4%, to 2,816.55, up 1.1% for the week. Also please be sure to watch our week Ahead Videos. Greg Morcroft, assistant managing editor Europe Week Ahead: EU Summitt, Earnings in Focus Economy expands 2.8% in fourth quarter The U.S. economy grew at the fastest rate in a year and a half in the fourth quarter, but a large chunk of the increase was fueled by an unexpected buildup in inventories, according to a preliminary government estimate. Gross domestic product from October through December expanded at a 2.8% pace, up from 1.8% in the third quarter, the Commerce Department said Friday. Economists surveyed by MarketWatch projected GDP would rise 3.0%. See full story on U.S. GDP, on MarketWartch RIM draws tepid reaction with CEO shift Research In Motion Ltd. (RIMM) drew a tepid reaction from Wall Street this week as analysts questioned the company's surprise appointment of an insider to the CEO post. "The changes appear more cosmetic than substantive," wrote Charlie Wolf of Needham & Co. in a note to clients Monday morning. Earlier this week, the company said Mike Lazaridis and Jim Balsillie have stepped down from their management roles at the company, with Chief Operating Officer Thorsten Heins, a former Siemens executive who joined RIM in 2007, to take the CEO reins. Read about RIM shakeup, on MarketWatch Gold ends atop $1,700; Fed extends low-rate pledge Gold prices ended the week higher after breaking to six week highs above $1,700 an ounce, as the Federal Reserve's monetary-policy committee extended its pledge to keep interest rates at exceptionally low levels till late 2014, which will help boost demand for the precious metal as an inflation hedge. "It looks like someone awoke to the fact that loose monetary policy will eventually impact the value of the dollar and allow gold to move higher," said Jeffrey Wright, managing director at Global Hunter Securities. Read about gold's move above $1,700 an ounce this week, on MarketWatch Apple shares hit high on blow-out results Shares of Apple Inc. (AAPL) jumped to an all-time high this week following the company's blow-out results for its first fiscal quarter, in which earnings more than doubled on strong sales of the iPhone and iPad. reported that earnings more than doubled in the December quarter, as the company sold more than 37 million iPhones, blowing past analysts' estimates for the period. The typically conservative company also issued a forecast for the current period that was above Wall Street's forecasts. Read MarketWatch coverage of Apple quarterly earnings report Fed pushes out low-rate pledge to late 2014 The Federal Reserve on Wednesday pledged to hold interest rates low until late 2014, a move that surprised markets and showed the central bank is still worried that economic growth is at risk of faltering. The new commitment extends the prior statement that economic conditions were likely to keep rates at the historic low range of 0% to 0.25% until at least mid-2013.The Fed opened a new era of transparency, releasing for the first time the projected path of rates by its 17 members and set a specific inflation goal of 2%. But it was extending the timing of the first rate move that overshadowed all the moves. Read about latest Fed projections and new policy, on MarketWatch Jobless claims in U.S. rise sharply New applications for unemployment benefits rose sharply last week, but initials claims remain at a level usually associated with a modest improvement in U.S. hiring trends.Jobless claims climbed by 21,000 to a seasonally adjusted 377,000 in the week ended Jan. 21, the Labor Department said Thursday. Economists surveyed by MarketWatch had estimated claims would climb to 373,000.Claims from two weeks ago were revised up by 4,000. Read about latest jobless claims, on MarketWatch Netflix shares mount comeback on results Investors gave Netflix Inc. (NFLX) breathing room this week, sending the online video provider and DVD-rental company's stock up more than 25% Still, Netflix's shares have turned into a market darling this year, rising more than 67% in less than a month. Read latest developments in the Netflix sags, on MarketWatch 10 income-paying stocks that beat the crowd Shares of high-quality, cash-rich, large-cap companies that yield more than the Standard & Poor's 500-stock index are the new favorites in many portfolios. But many of these success stories have been discovered, boosting share prices and trimming yields. In searching for attractively priced, profitable companies that wouldn't necessarily appear on a high-yield screen, MarketWatch enlisted the help of two researchers: Morningstar's Peters and David Trainer, president of investment researcher New Constructs Inc. in Nashville. Here are 10 companies, culled from the two screens, that are debt-free and have a history of dividend increases. Read about the dividend screens, on MarketWatch Facebook to file for IPO Wednesday: WSJ Facebook may file documents for an initial public offering on Wednesday, eyeing a valuation of $75 billion to $100 billion, the Wall Street Journal reported Friday. Morgan Stanley is close to winning the IPO deal, while Goldman Sachs is expected to play a key role, according to the Journal, which cited an unnamed source. Read more about the reported Facebook IPO, on MarketWatch Retirement in America is 'endangered' President Barack Obama, in his State of the Union speech, didn't really touch on the subject near and dear to the hearts of millions of Americans — the State of Retirement in the U.S. No doubt he had other pressing matters to address. So allow us the pleasure of issuing — thanks in large part to many experts on the topic — our State of Retirement column.In short: Things are bad and, in the absence of action or in the presence of ill-advised action, could get much worse. Read more about the sad state of retirement in the U.S., on MarketWatch Get the latest news on our mobile site: http://www.marketwatch.com/m MarketWatch has sent you this newsletter because you signed up to receive it. To ensure you receive this newsletter in the future, please add marketwatchmail.com to your list of approved senders. Sent to: kumaresan.selva.blogger@gmail.com Unsubscribe | Subscribe Copyright 2012 MarketWatch, Inc. All rights reserved. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. By using this site, you agree to the Terms of Service and Privacy Policy (updated 6/26/07). MarketWatch - Attn: Customer Service, 201 California St., San Francisco, CA 94111 |