Career News 24/7: Reuters Money: What if they held a bull market and no one came?: James Saft

Friday, March 8, 2013

Reuters Money: What if they held a bull market and no one came?: James Saft

Click to View in Browser

03/8/2013

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

What if they held a bull market and no one came?: James Saft

(Reuters) - The remarkable thing about the Dow Jones Industrial Average's new all-time record is how few people give a damn.

Fidelity faces more complaints about "float income"

BOSTON (Reuters) - Fidelity Investments, the largest U.S. provider of workplace retirement plans, is facing more accusations it improperly uses customer money earned in overnight accounts to pay its own operating expenses.

Stern Advice: As Dow hits record, should you pile in or run away?

WASHINGTON (Reuters) - The Dow Jones Industrial Average rallied to a record high on Tuesday, and if you are anything like the typical investor, that made you want to race out and buy stocks.

Are employers with auto-enroll 401(k) plans less generous?

(The writer is a Reuters columnist. The opinions expressed are his own. For more from Mark Miller, see http://link.reuters.com/qyk97s)

Can this man change your mind about retirement saving?

NEW YORK (Reuters) - Americans are saving more in their workplace retirement plans than a few years ago, and Shlomo Benartzi is one of the people whom they can thank.

For mortgage masters, 2013 is a bond-picker's market

NEW YORK (Reuters) - For hedge funds that specialize in mortgage bond investing last year was almost too easy when it came to making money. But this year, mortgage debt traders are cautioning investors to temper their expectations.

Paulson's gold fund tumbles more, other portfolios mixed in February

BOSTON (Reuters) - Hedge fund billionaire John Paulson lost more money in February when his gold fund suffered double-digit losses as the metal and gold mining stocks extended losses.

Is it too late to chase the stock market rally?

NEW YORK (Reuters) - As soon as the Dow Jones Industrial Average hit another all-time high (of sorts) on Tuesday, Kentucky-based financial adviser Billy Lanter began fielding phone calls from eager clients.

States' compact on taxes faces more defections

(Reuters) - At a time when more states are using tax policy as a way to attract businesses and compete for economic growth with neighboring states, a long-standing cooperative tax agreement among the states is under increasing threat.

Dow Jones record may boost spending by wealthy; others still wary

NEW YORK (Reuters) - About an hour after the Dow Jones industrial average hit a record high on Tuesday, Overland Park, Kansas-based financial adviser Brad Stratton got an e-mail from a client asking how she could "make hay while the sun shines."