OMAHA, Neb. — Berkshire Hathaway Inc. said Saturday that its fourth quarter profit slid 17 percent because of declines in the paper value of its investments and derivative contracts.
Date: 02/28/2015 | Business Wire
If you’ve noticed the steep upward trajectory of the stock market over the past few years, looked around and wondered why cash doesn’t appear to be raining down upon your friends and neighbors, you’d be justified in wondering: What’s going on here? If corporate America is doing so well, shouldn’t...
Date: 02/26/2015 | Business Wire
NEW YORK — This year showed how sheltered the U.S. economy is from geopolitical and health crises around the world. The global economy sputtered, but the U.S. powered ahead. Employers are finally hiring enough to lower unemployment. A plunge in gas prices and a rising stock market...
Date: 01/01/2015 | Business Wire
WASHINGTON — It’s not hard to think of things more important than the Dow Jones Industrial Average. Odds are you’re thinking of one right now.
Date: 12/24/2014 | Business Wire
WASHINGTON — Strong stock market gains and higher home prices boosted Americans' net worth in the April-June quarter to a record high, a trend that could encourage more spending.U.S. households also took on the most new debt in five years, driven mostly by student and...
Date: 09/19/2014 | Business
WASHINGTON — The richest 10 percent of Americans were the only group whose median incomes rose in the past three years, the Federal Reserve said Thursday in a report on consumer finances.
Date: 09/05/2014 | Business
NEW YORK — Is it time to cash out of stocks?The market has nearly tripled in a little over five years, and with each record close, the temptation grows to take your winnings and flee. If only you had done that in the crashes that began in 2000 and 2008, you might be a...
Date: 08/30/2014 | Business
NEW YORK — The stock market isn’t the only place that’s been signaling jitters among investors. The $2.3 trillion market for risky U.S. corporate debt has also been under pressure.
Date: 08/13/2014 | Business
NEW YORK — U.S. stocks had their worst one-day drop since February as traders worried about weak corporate earnings and the looming end of economic stimulus from the Federal Reserve.
Date: 07/31/2014 | Business
Americans are holding more cash in their bank accounts than they have at any other point during the past two decades, a new study found.
Date: 07/20/2014 | Business
Los Angeles TimesWASHINGTON — Nearly two-thirds of voters say the stock market is rigged against them and a majority say Wall Street and big banks hurt average Americans, according to poll results released Thursday by a pro-regulation group.The survey...
Date: 07/18/2014 | Business
WASHINGTON — The fifth anniversary of the U.S. economic expansion will usher in a rare boon: growth exceeding 3 percent over a nine-month period, a Bloomberg survey of economists forecasts.
Date: 07/11/2014 | Business
NEW YORK — The Dow Jones industrial average topped 17,000 for the first time Thursday, the index's first big 1,000-point milestone this year, following news that hiring in the U.S. accelerated last month.The market rose from the start of trading after the government...
Date: 07/03/2014 | Business
The Dow Jones industrial average, an index of 30 U.S. blue-chip stocks, is the oldest barometer of the stock market. On Friday, it jumped above 17,000 for the first time in its 118-year history. What is it?The Dow is a group of 30 big...
Date: 07/03/2014 | Business
Lots of the questions I get from readers involve their friends, families and finances.Here are some topics that came up during my online chats from folks seeking advice about money situations close to home.
Retiring single has its privileges and challenges. There’s freedom, and there’s financial responsibility, which some people may find daunting. These sites help sort out the issues and answers.
Saving for retirement when you’re young is a prudent financial step.But a new report shows young investors who put those savings into a Roth individual retirement account are making the smartest moves.
HONG KONG — Australian shares led Asian stock markets modestly higher on Monday after a report showed Chinese manufacturing expanded for the first time this year, signaling that the No. 2 economy’s growth slowdown has bottomed out.
Date: 06/22/2014 | Business
Would you like to buy a Burrito Bond? Chilango, a fast-food Mexican chain in London, is selling a so-called "Burrito Bond" that has an 8-percent coupon over a four-year term. For investors that put in 10,000 pounds (about $16,800) or more, the bond also pays out a free...
Date: 06/13/2014 | Business
WASHINGTON — Rising stock markets and home prices helped lift U.S. household wealth to a record in the first three months of the year.The Federal Reserve said Thursday that household net worth increased $1.5 trillion in the first quarter to $81.8 trillion. The gain was...
Date: 06/06/2014 | Business
BEIJING — Asian markets were mostly higher Monday after a rebound in U.S. tech stocks pushed the Dow Jones industrial average to a record close.Oil rose to above $100 per barrel amid renewed anxiety over Ukraine.
Date: 05/11/2014 | Business
OMAHA, Neb. — Warren Buffett's failure to beat the stock market in four of the past five years has raised the issue of whether Berkshire Hathaway's 83-year-old CEO has lost his touch.
Date: 05/01/2014 | Business