Jobless father of 4: Awaiting lifeline from Congress

Renardo Gomez, with three of his children, has been unemployed since April and is afraid of getting evicted. WASHINGTON (CNNMoney) He owes several family members payments of $50 to $100. The borrowed money, along with food stamps, has helped...

23.11 | 0 komentar | Read More

Tech stocks tank

Click the chart for more markets data. NEW YORK (CNNMoney) The Nasdaq, which has been the best performer of the year, fell nearly 2% Monday. So did CNNMoney's Tech 30 index. The Dow and S&P 500 were also down, but not nearly as much. ...

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Stocks: Preparing for a rush of IPOs

Click on chart to track premarkets NEW YORK (CNNMoney) The company behind the popular Candy Crush Saga online game is one of 14 companies set to go public this week. The IPO mania is part of a longer term, global trend that has seen many...

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Arizona may allow Tesla sales

NEW YORK (CNNMoney) The bill is part of Arizona's effort to be the home state of a massive Tesla factory currently under development. Arizona is one of four southwestern states Tesla is considering for its so-called gigafactory, a $1.6 billion...

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Apple eyes partnerships in bid to reinvent TV

Television is thought to be a focus for Apple and CEO Tim Cook. NEW YORK (CNNMoney) The computing giant's next foray into TV could come in partnership with Comcast, the largest television and broadband provider in the United States, The Wall...

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China's factories hit 8-month low

HONG KONG (CNNMoney) HSBC said that its "flash" measure of sentiment among manufacturing purchasing managers fell to 48.1 in March. Analysts had expected the index to rebound from its final reading of 48.5 in February. Any number under 50 indicates...

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Meet America's oldest bike maker

NEW YORK (CNNMoney) New York City's Worksman Industrial Cycles is the oldest large-scale bike maker in the United States. Housed in a 70-year-old, three-story factory in Queens, Worksman has been making bikes in New York since 1898. Workers at...

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Top JPMorgan banker to resign amid hiring probe

JPMorgan's office in the heart of Hong Kong's central business district. HONG KONG (CNNMoney) Fang Fang, a 12-year employee, was one of JPMorgan's top China dealmakers and most recently served as vice chairman of the firm's Asia investment banking...

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Visa and MasterCard resume service at two Russian banks

Card services are working again for customers at SMP Bank and InvestCapitalBank in Russia. LONDON (CNNMoney) Visa (V, Fortune 500) and MasterCard (MA, Fortune 500) cards at both SMP Bank and InvestCapitalBank are working again, according to the...

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Who pays most income taxes? People 45 and up

NEW YORK (CNNMoney) Nearly half of all tax filers are over 45. And they are paying the lion's share of federal income tax revenue -- 74% in 2011. That's up from 61% in 1997, according to an analysis of IRS data by the Tax Foundation. The biggest...

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401(k) fees: Still too high

401(k) fees are beginning to come down, but maybe not enough. NEW YORK (Money Magazine) MONEY looked at six holes you might see in your 401(k) plan, and some fixes you can make to address them. Below, how to shore up one of those leaks: the fees...

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Once bankrupt, Vallejo still can't afford its pricey pensions

The Vallejo police force, shown at a crime scene last year, remains "woefully understaffed" several years after bankruptcy, according to City Manager Dan Keen. NEW YORK (CNNMoney) The main culprit: Ballooning pension costs, which will hit more...

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Does your 401(k) offer too few index funds?

Research shows that passive investing -- buying index funds that hold broad swaths of the market -- is your best option. NEW YORK (Money Magazine) MONEY looked at six holes you might see in your 401(k) plan, and some fixes you can make to address...

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Stocks slip as investors keep eye on Asia

Click the chart for more markets data. NEW YORK (CNNMoney) The Dow, S&P 500, and Nasdaq were all lower in morning trading. The Dow and S&P 500 are near all-time highs as investors celebrated the five year anniversary of the current...

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Fixing the holes in your 401(k)

Employer-sponsored retirement plans are getting better, but they've still got plenty of holes. Here's how to plug them. NEW YORK (Money Magazine) Still, shortcomings remain. And some of the fixes that have improved the overall system may actually...

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401(k) waiting periods take a toll

New job? You may find yourself waiting three months to a year to join the company's 401(k) plan. NEW YORK (Money Magazine) MONEY looked at six holes you might see in your 401(k) plan, and some fixes you can make to address them. Below, see another...

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Company stock is too risky for your 401(k)

Enron's collapse brought to light the heightened risk of having company stock in your retirement portfolio. NEW YORK (Money Magazine) MONEY looked at six holes you might see in your 401(k) plan, and some fixes you can make to address them. Below,...

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401(k) advice could come at a cost

Investing for retirement can be confusing, but your employer's 'free' 401(k) advice may come at a price. NEW YORK (Money Magazine) MONEY looked at six holes you might see in your 401(k) plan, and some fixes you can make to address them. Below,...

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Invest $1 million, try for a U.S. green card

NEW YORK (CNNMoney) Patel is here on an investor immigrant visa -- a controversial program that gives a green card to any foreigner who invests at least $500,000 and creates 10 jobs in the United States. Next March, he'll have to go before immigration...

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Pizza chain Sbarro files for bankruptcy

Sbarro's Pizza has filed for bankruptcy for the second time in less than three years. NEW YORK (CNNMoney) In a statement Monday the chain said the bankruptcy filing is a pre-packaged plan, which means that it has already agreed on a reorganization...

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Asset allocation for dummies

Use online tools to figure out your personal mix of stocks and bonds. NEW YORK (Money Magazine) Generally speaking, stocks provide more long-term growth, but they can be volatile. Bonds, on the other hand, tend to be more stable but offer relatively...

23.10 | 0 komentar | Read More

Stocks hit by Ukraine and Russia fears

Click the chart for more stock market data. NEW YORK (CNNMoney) The Dow fell more than 150 points, or nearly 1%. The S&P 500 and Nasdaq were also down almost 1%. Investors were cautious following news that Russia has moved forward with...

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Six steps for building a better budget

Just writing down what you make and what you spend can change your financial life for the better. NEW YORK (Money Magazine) The mere act of writing down -- on paper, in a spreadsheet, or on a website or app -- how much money you have coming in...

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Quick guide to how much you'll need to retire

Calculating how much you need for retirement and setting a goal, helps you reach a comfortable retirement. NEW YORK (Money Magazine) The answer depends not only on what you hope to do during retirement -- work part time? travel the world? --...

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Plug the financial leaks, now!

There's no reason to let your money go down the drain. NEW YORK (Money Magazine) Unfortunately, many of us are too consumed by day-to-day life to focus on the countless instances of small-scale back-sliding: completely unnecessary waste, extra...

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The college savings cheat sheet

Savings for your kid's college education? The simplest choice is an age-based 529 plan. NEW YORK (Money Magazine) We're talking about 529 college saving plans, which are named for the IRS tax code that created them. With a 529, you can save for...

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Diversify your portfolio in four easy steps

Broad diversification, beyond plain vanilla stocks and bonds, can help you reach higher returns. NEW YORK (Money Magazine) Now it's time to really refine your portfolio, both to make sure you are broadly diversified and perhaps to reach for a...

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Improve your financial life - automatically

An app like Mint can link your checking account and credit card accounts to track your income and expenses. NEW YORK (Money Magazine) Ever been there? There's a way to avoid this problem: Automate at least some of the bill-paying process -- and...

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