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Baby boomers fully embraced the stock market by riding its ups and downs throughout their peak income years.
But now that the oldest boomers are turning 65, their focus has turned toward ensuring a steady income from their investments. And they’re likely to find that the answer is to put money in bonds rather than stocks, […]
Economist Mario Monti won pledges of support Sunday to lead a new technocratic government to try to rescue Italy from financial disaster, including from Silvio Berlusconi’s conservative party.
But Berlusconi’s ally, the Northern League, said it would become an opposition party rather than back Monti.
After days of being pummeled by international investors skittish about Italy’s massive […]
Not all stocks perform poorly during a tough year for the market. Some that you might consider yawners in more robust times actually hang in there and prosper.
For example, stock for the global health and hygiene company Kimberly-Clark Corp. (KMB) and the Georgia-based electric utility Southern Co. (SO) have each posted price gains in the […]
An anti-American cleric is urging his followers to stop attacking U.S. troops in Iraq so that their withdrawal from the country isn’t slowed down, a call meant to ramp up pressure on Baghdad’s political leaders who are considering asking some American forces to stay.
In a statement posted on his website, Shiite cleric Muqtada al-Sadr told […]
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Swiss banking officials lashed out Monday at the possibility of yet another tax treaty with the United States aimed at handing over the details of more Americans suspected of using Swiss banks to cheat on their taxes.
The chairman of the Swiss Bankers Association, Patrick Odier, urged the Swiss people and the government to “put up […]
The Federal Reserve spoke _ and financial markets swung wildly before rallying.
The Dow rose nearly 200 points about an hour after the Fed’s statement was released.
But stocks first sank after the Fed said that economic growth this year has been “considerably slower” than it expected and that it will keep interest rates near their record […]
House Republicans pushed ahead Tuesday toward a vote on legislation that would raise the nation’s debt limit in exchange for trillions of dollars in federal spending cuts and congressional approval of a constitutional amendment requiring a balanced budget.
But with the measure facing a veto threat from the White House, Speaker John Boehner said he was […]