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Friday, September 21, 2012

Reuters Money: Are we saving enough to retire? No (but we think we are)

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09/21/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Are we saving enough to retire? No (but we think we are)
NEW YORK (Reuters) - Americans seem curiously confident that the cash they've squirreled away for retirement is sufficient.
A QE rally in search of Main Street confirmation
(Reuters) - While we may want to enjoy the quantitative easing-fuelled rally while it runs, it is probably best to remember that sometime, perhaps soon, a bull market will depend on improvement in the real economy.
Flash crash or a turning point for oil prices? John Kemp
LONDON (Reuters) - Monday's sudden dive in oil prices appears more and more unusual with hindsight, and poses questions for traders, regulators and exchanges alike about just who or what caused such a major turnaround in the market.
Factory, jobless claims reports signal weakness
WASHINGTON/NEW YORK (Reuters) - Manufacturing closed out its weakest quarter in three years this month and the number of Americans filing new claims for jobless benefits held near two-month highs last week, suggesting the economic recovery is failing to gain traction.
PIMCO, DoubleLine, TCW big winners from Fed's QE3 assault
NEW YORK (Reuters) - The Federal Reserve's move to stimulate the economy by buying mortgage securities is proving to be manna from heaven for three of the biggest players in the bond fund business: Pacific Investment Management Company, DoubleLine Capital and TCW.
Budget cuts threaten 1 million at small U.S. firms: report
WASHINGTON (Reuters) - Small businesses in the United States could lose nearly 1 million jobs in 2013 if federal lawmakers do not avert $1.2 trillion in across-the-board budget cuts due to begin taking effect in January, a new study showed.
Yes, you can work at a big firm and have a life
(Reuters) - Finding work-life balance is elusive for most advisers managing the demands of running a practice at a traditional wealth management firm.
Targeting the U.S. healthcare market
NEW YORK (Reuters) - No matter what the outcome of the U.S. election, healthcare looks to be a focal point in the economy for years to come.
U.S. household debt posts largest rise since 2008
WASHINGTON (Reuters) - U.S. households increased their borrowing by the most since early 2008 in the second quarter, a development that could boost consumer spending and a lackluster economic recovery.
FINRA pushing to make broker records more accessible to investors
(Reuters) - Wall Street's top self-regulator wants to make information about brokers more accessible to investors, which would hold those in the industry more accountable for their past actions.
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