Reuters Money

Scrap the mortgage deduction? Americans weigh in

August 10, 2011

Paul Hennings and his wife Sheila Krueger pose poolside in the backyard of their newly purchased home in Phoenix, Arizona December 11, 2010.  REUTERS/Joshua LottWhat if the United States got rid of or changed the home mortgage interest deduction in the next round of tax reform?

A silver lining: Credit cards buffered from rate hikes

August 9, 2011

Credit cards are pictured in a wallet in Washington, February 21, 2010. REUTERS/Stelios VariasWith the downward plunge of the stock markets and the potential for interest-rate hikes following the downgrade of U.S. debt, consumers are understandably worried about their own interest-rates going up. But one bit of good news in all this volatility is that credit cards are somewhat insulated, for right now.

Fury brewing at ratings agencies as markets gyrate

August 9, 2011

Carnival revellers are silhouetted as they carry a burning wooden wagon in Liestal, near Basel, February 21, 2010.  REUTERS/Michael BuholzerSo let me get this straight.

Ratings agencies helped spark the financial meltdown of 2008-9, when they deemed that steaming piles of mortgage junk were brimming with triple-A goodness. They were wrong – and epically so.

Retirement investors suffer as economy catches up to Wall Street

August 9, 2011

Retirement investors have struggled with a Jekyll and Hyde economy these past two years, where Dr. Jekyll lives very well on Wall Street while Mr. Hyde runs roughshod over a terrified Main Street.

Gold Mine: Links and tweets from around the Web

August 8, 2011

A worker scoops gold shots at Japanese jewellery brand, Ginza Tanaka's original equipment manufacturer (OEM) factory in the Chiba prefecture, east of Tokyo September 14, 2009. REUTERS/Yuriko Nakao One consequence of the stock market decline is that everyone is talking about investing in gold as it hits record highs. But what are they saying?

What U.S. debt downgrade means for ETFs

August 8, 2011

A woman shades herself from the sun with an umbrella as she walks down 34th Street in New York July 22, 2011. REUTERS/Shannon Stapleton  Is it time to take cover from exchange-traded funds (ETFs) now that Standard and Poor’s has cut the U.S. debt rating?

AARP sues Wells Fargo, Fannie Mae over reverse mortgage foreclosure

August 5, 2011

Aida Lemus, 70, cries as she is evicted from her foreclosed condominium in Anaheim, California, June 23, 2009.  REUTERS/Lucy Nicholson AARP’s legal battle against wrongful reverse mortgage foreclosures has shifted from government regulators to lenders.

Fund managers see tough times for Treasuries

August 5, 2011

A man walks in a building in Tokyo January 28, 2010. REUTERS/Toru Hanai The fact that U.S. Treasury bonds managed to cling to their coveted triple-A rating this week failed to impress several prominent bond fund managers, who say they are lightening up on Treasuries and stocking their portfolios with corporate bonds instead.

Job creation: Fixing America with an infrastructure bank

August 5, 2011

We have iPhones, iPods and iPads. Why not an “iBank?”

This wouldn’t be an electronic gizmo that’s obsolete in a year, though. It would be a public-private partnership to bolster America’s infrastructure. It will create jobs, cut the deficit and repair what needs to be fixed all over the country.

The road to electronic health records is lined with data thieves

August 5, 2011

The following is a guest post by Reuters contributor Constance Gustke. The opinions expressed are her own.