<b>Situation:</b> Under the new tax act, a hefty cash refund is available to so-called “first-time” home buyers.
The nation's retirement assets shrank by nearly 25% last year and lost more than $2.4 trillion in market value, according to a new report from Chicago-based Spectrem Group.
The Federal Reserve announced Wednesday it will spend up to $300 billion over the next six months to buy long-term government bonds, a new step aimed at lifting the U.S. out of recession by lowering rates on mortgages and other consumer debt.
Most Americans and Europeans would rather see the construction companies bailed out than the banks or car manufacturers, according to a recent survey conducted by the Financial Times of London and Harris Poll.
The Investment Company Institute is proposing sweeping changes to restore confidence in the $3.9 trillion money market mutual fund industry.
Three of five DC plans have not changed in regard to employee participation and corporate matching contributions despite the recent financial crisis.
Insurer Conseco Inc. said Tuesday it will miss its planned filing date for 2008 financial results with the Securities and Exchange Commission.
The Vanguard Group Inc. led all mutual fund companies in sales last year, according to new data from Financial Research Corp.
