Boomers, already strapped for cash, stand to lose even more money by caring for their parents, according to Fidelity Investments in Boston.
Two top stock-pickers are steering clear of financial service company stocks.
They find opportunities in energy and other commodities, and even in financials.
Fidelity expects the emerging markets of Brazil, Russia, India and China to generate long-term growth.
Sales of existing homes increased 2% in May to a seasonally adjusted rate of 4.99 million units, according to the National Association of Realtors in Chicago.
The Senate Banking Committee today unanimously approved three nominees to be members of the Securities and Exchange Commission.
Barclays Capital said the possibility of increased inflation has replaced credit risk as the top issue facing the global financial markets.
Sales of new single-family homes fell 2.5% last month to an adjusted annual rate of 512,000, according to the Department of Commerce.
Barclays PLC plans to raise $8.9 billion through the issuance of new shares as part of an effort to shore up its balance sheet.
The Federal Reserve Board held the economy’s key interest rate at 2% today in a bid to keep inflation in check.
