The Five Biggest College Myths

It’s the conventional wisdom that students and parents do their research on colleges and costs before making any commitment to attend a particular institution. A public college or university will cost close to $9,000 a year for tuition and fees for in-state students and $21,000 for out-of-state students, according to the College Board. A private […]

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Why the Rich Don’t Feel Rich

There’s just about no tolerance left in America for wealthy people griping about their financial woes. But put down the pitchforks for a moment and consider one possible exception we might all learn something from. The money-news site The Billfold recently ran an interview with an anonymous physician who earns $570,000 a year and says, […]

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Why the Rich Don’t Feel Rich

There’s just about no tolerance left in America for wealthy people griping about their financial woes. But put down the pitchforks for a moment and consider one possible exception we might all learn something from. The money-news site The Billfold recently ran an interview with an anonymous physician who earns $570,000 a year and says, […]

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Asian stocks cheered by Fed reassurance; BOJ stands pat

By Masayuki Kitano and Vidya Ranganathan SINGAPORE (Reuters) – Asian stocks rose on Wednesday following a positive lead from Wall Street, with Japan’s Nikkei reaching a fresh 5-1/2 year high and clinging to its gains as the Bank of Japan stood pat after unleashing massive stimulus last month. MSCI’s broadest index of Asia-Pacific shares outside […]

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Dollar Firms as Fed Suspense Builds, Shares Off Highs

By Marc Jones LONDON (Reuters) – The dollar edged up, gold steadied and European shares held near five-year highs on Tuesday as investors look out for U.S. Federal Reserve signals on the future of its stimulus program. Upbeat comments from Chicago policymaker Charles Evans have made Wednesday’s release of minutes of the U.S. central bank’s […]

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Should SAC Capital’s Steve Cohen Face Criminal Charges?

$615 million doesn’t go as far as it used to. That is how much SAC Capital Advisors paid to settle a civil case with the SEC in March. As part of the settlement, SAC neither admitted nor denied wrongdoing. Apparently that wasn’t good enough. Over the weekend SAC founder and billionaire Steven A. Cohen received […]

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Satomi Kawakita Jewelry: Turning Passion Into Profits

Earning a living by doing what you love is an enviable achievement, and Satomi Kawakita is finding success in the jewelry world by doing just that. Working out of her studio in New York, she creates her own brand of delicately crafted jewelry, with a specialty in rings.From glass blower to diamond setter Growing up […]

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Gen X on Track to Be Worse Off Than Boomers in Retirement

Boomers lost a significant chunk of their retirement nest eggs in the recession, but it was members of Generation X who were really hit the hardest, according to a report released Thursday. If they don’t start paying off debt and saving more, Gen Xers (those between the ages of 38 and 47) and younger Boomers […]

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How the Obamas Manage Their Money

You can tell a lot about somebody by the way they manage their money. So the latest financial-disclosure details from Barack and Michelle Obama provide fresh insights into the character of the world’s leading power couple. The Obamas’ net worth is somewhere between $1.9 million and $6.9 million, according to disclosure rules that allow elected […]

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Rally Gives Investors a Great Year, in Just 6 Months

Happy demi-anniversary, stock market rally. Will the honeymoon ever end? Six months ago, this “relentless rally” took off and it has so far delivered stock investors the kind of bounty that would make for a very good year in any age. The Standard Poor’s 500 index bottomed at 1,353 on Nov. 15, as a sharp […]

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