Analysis: Economy shedding debt but shackled by pessimism
WASHINGTON - Americans are making progress in working down their heavy debt burden, but are struggling to break out of another funk holding back the economy: their deep pessimism.
Recent Money News
Why are rock-bottom mortgage rates so hard to get?
- With home mortgage rates still hovering around record lows - and they may fall further still - this should be the perfect time to lower your borrowing costs.
4 reasons active fund managers are having a woeful year
NEW YORK - If your investments are being steered by active fund managers, here's a little tip: When you open that statement, you might want to shield your eyes.
Investors falling out of love with hedge funds
LONDON - Deep cracks are starting to show in the love affair between hedge funds and their investors, after another year of paltry returns on expensive investments leaves many feeling cheated and close to bailing out.
SAFT ON WEALTH: The one decision world
- Stock markets have become so highly correlated to one another that it can feel like a one decision world: in or out.
FINRA mulls rule to collect restitution in court
NEW YORK - The Financial Industry Regulatory Authority is considering filing a rule proposal that would empower it to use court proceedings for collecting restitution that brokerages and brokers have to pay in disciplinary cases, its chief executive said on Friday.
Reuters Money Tweets
Markets
- U.S.
- Europe
- Asia
- Sectors
| DOW | 11,866.39 |  -2.42 |
-0.02% |
| S&P; 500 | 1,219.66 |  +0.00 |
+0.00% |
| NASDAQ | 2,555.33 | +0.00 |
+0.00% |
| TR US Index | 110.62 | +0.48 |
+0.44% |
Sector Summary
| Energy | -0.16% |
| Basic Materials | -0.20% |
| Industrials | -0.30% |
| Cyclical Goods & Services | -0.15% |
| Non-Cyclical Goods & Services | +0.22% |
| Financials | -0.09% |
| Healthcare | +0.05% |
| Technology | -0.04% |
| Telecoms | -0.07% |
| Utilities | -0.04% |
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