Sales of new single-family homes in the U.S. surged during October and the overall inventory of the properties available for sale was at its highest since the early part of 2010. That could allay the concerns of a big slowdown in the housing market. The U.S. Commerce Department said Wednesday sales had increased by 10.7% […]
J.C. Penney Co. posted 4.8% sales growth that was better than had been expected, citing strength in its merchandise divisions and it lifted its estimates for profit for the full year. Nevertheless, shares at Penney were down 6% in trading before the bell in Friday as other retailers that are mall based warned of weak […]
Vivendi SA was down the most in the past seven years after saying it will use a cash stockpile of $10 billion to invest in content and media, raising the concerns of investors that this plan might limit the return of monies to shareholders in the future. The media company based in France described the […]
If you’ve ever listened to finance guru Dave Ramsey, you will learn quickly that one of his favorite investments is real estate. Ramsey made his first fortune wheeling and dealing in the real estate market, and even though that particular episode resulted in a Chapter 7 bankruptcy, the desire for owning real estate really never […]
Many people saving for retirement have more than one retirement account. They may have an old 401(k) account from a previous job or have opened multiple IRA accounts over the years. Having more than one retirement account can make retirement planning and calculations very difficult. It is much easier to manage them when they have […]
BGC Partners Inc. (NASDAQ:BGCP) is one of those rare dividend stocks with a yield of more than 6 percent. BGC Partners is a global brokerage company that provides a wide range of products and services. It is considered to be one of the best companies currently specializing in derivatives and over-the-counter financial tools. The company currently […]
In an era of historically low interest rates, retirees are struggling to find ways to live off of their retirement savings. Searching for ways to turn their retirement savings into a steady income, many are turning to managed payout funds. Managed payout funds are marketed as a way for retirement savers to turn their savings […]
A new study released by the Pension Research Council reveals that service providers to 401(k) plans show a visible bias towards their own proprietary mutual funds. The study found that service providers are highly likely to add proprietary mutual funds to the plan’s investment options and less likely to remove them, even when the mutual […]