Reuters Money

Economy revival? Bond barons say spending is the answer

June 24, 2011

When bond gurus speak, they don’t mince words.

The message from two influential bond traders is unambiguous: Instead of cutting government spending now, Congress should be spending to create jobs.

What you need to know about Web ads

June 23, 2011

Opting out of online advertising based on your digital footprint — where you live, your love of cigars or that trip you booked online to the Caribbean — has been something of a secret.

Is the American Dream dead?

June 23, 2011

The American Dream lures people from all over the world, and it’s because of this possibility: If you come here and work hard, your kids will have a better life than you.

Mortgage Poll: Are strategic defaults ethical?

June 23, 2011

I know a guy — let’s call him Fred — who has a plan for walking away from his home and the $400,000 mortgage on it.

5 summer tax tips for working teens

June 22, 2011

By Nancy R. Mandell

University of Massachusetts junior Evan Resnick was thrilled to get a paid summer internship at a medium-sized technology firm on the outskirts of Boston. The 20-year-old computer-science major, who lives in nearby Needham, Massachusetts, is fully aware that the competition for internships — often unpaid — and even summer jobs in the retail and food-service sectors, is fierce. This summer, the number of high school and college students with an internship is expected to outpace the 960,000 who found summer employment last year.

Why Warren Buffett invests like a girl

June 22, 2011

Want to be the next Warren Buffett? Invest like a girl.  LouAnn Lofton — author of ”Warren Buffett Invests Like a Girl” — says the world-famous investor’s traditionally ”female” trading and investing habits have made him one of the wealthiest men in the world.

Wells Fargo exit underscores trouble in reverse mortgage industry

June 22, 2011

The country’s largest reverse mortgage lender is exiting the business, saying the loans have become too risky in the current climate of falling home values.

FCC warning: Watch out for mystery phone charges

June 21, 2011

The sleazy practice of cramming — tossing charges onto telephone bills without permission — is alive and all too well. Part of the problem is that you could be a victim right now and you don’t know it.

Charitable giving jumps despite slow recovery

June 20, 2011

With a depressed housing market, an unemployment rate hovering around nine percent and stocks struggling, you would think it difficult to convince people to give to those in need.  But a Giving USA Foundation report released today shows total charitable contributions — for individuals, corporations and foundations — rose 3.8 percent in 2010 to an estimated $291 billion.

Is it time to clamp down on money funds?

June 20, 2011

Money market mutual funds are an institution “vulnerable to a crisis…(with) no backstop … no capital … (and) no official liquidity support,“ Paul A. Volcker, former Federal Reserve Board chairman who had recently served a 2-year term as chairman of President Barack Obama’s Economic Recovery Advisory Board, said last month.