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Monday, July 15, 2013

Reuters Money: A loan pool to help clients help family float school bills

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07/15/2013
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
A loan pool to help clients help family float school bills
NEW YORK (Reuters) - College expenses are on a lot of people's minds now that interest rates on U.S. government-backed student loans have doubled to 6.8 percent.
Modest rise in retail sales offers cautionary note
WASHINGTON (Reuters) - Retail sales rose less than expected in June, the latest sign of a slowdown in economic growth that could argue against the Federal Reserve's plan to start trimming its monetary stimulus later this year.
Stock price drop takes glow off U.S. consumer sentiment
WASHINGTON (Reuters) - Worries about rising interest rates and falling stock prices dinged U.S. consumer sentiment in early July, while other data showed a firm rise in wholesale prices, which could make the Federal Reserve more comfortable reducing its monetary stimulus.
House panel probes risk council role in SEC money fund rule
WASHINGTON (Reuters) - A House of Representatives Republican who oversees an investigative committee said on Friday the new U.S. systemic risk council overstepped its authority with an attempt to push through rules to rein in the $2.6 trillion money market fund industry.
Hedge funds seek chance to shine in QE slowdown
LONDON (Reuters) - Hedge funds view the prospect of an end to U.S. money printing as a chance to buy riskier assets, including troubled euro zone bonds and U.S. stocks, and show they can perform better when markets are less predictable.
U.S. stock funds gain $11.8 billion on solid economic recovery
(Reuters) - Investors regained confidence in stock funds over the latest week and poured $11.8 billion into U.S. equity funds, their biggest weekly inflows since September 2011, data from EPFR Global showed on Friday.
Column: Bonds are not safe
(Reuters) - The old stock market cliché "sell in May, and go away" had so far proved untrue this year. Instead, it is the bond market, so often perceived as steady, low risk and dependable, that has bitten investors.
SEC upholds supervisor's ban for broker's trading
(Reuters) - Looking the other way while a broker racks up commissions by making excessive trades can have devastating consequences for his or her supervisor: a lifetime ban from the securities industry.
Column: Were Bernanke's comments a fire drill or a false alarm?
(Reuters) - Whenever Alan Greenspan was praised for delivering a clear message on U.S. monetary policy, he liked to reply something along the lines of: "If you think that, you have misunderstood what I said." Ben Bernanke prefers the opposite approach.
Column: Want to grow old at home? Technology to the rescue
CHICAGO (Reuters) - Getting old? There's an app for that.
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