Money & Finance
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Newly unsealed documents cast doubt on the Treasury’s justification for sweeping the mortgage giants’ profits, exposing the perils of letting the government act in secret.
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Ms. Rosenthal, a movie producer, says one of her main jobs is creating a safe environment where everybody can come together and do their best work.
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Wall Street JournalBalance Due: Credit-Card Debt Nears $1 Trillion as Banks Push Plastic
Wall Street Journal
U.S. credit-card balances are on track to hit $1 trillion this year, as banks aggressively push their plastic and consumers grow more comfortable carrying debt. That sum would come close to the all-time peak of $1.02 trillion set in July 2008, just ...
10 tips for improving your credit scoreWTOP
4 Credit Cards You Couldn't Get Last YearSTLtoday.com
US Credit Card Debt Soars To Nearly $1 TrillionOPB News Fortune -Benzinga -KSDK.com -wlfi.com all 58 news articles » -
Without disclosing details, Monsanto said its board was reviewing a proposal that would create a giant with a combined annual revenue of $67 billion.
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Walmart reported Thursday that quarterly revenue rose 0.9 percent, signaling that its strategies to combat a dismal retail environment were working.
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St. George Daily SpectrumDeciding when to retire: When timing becomes critical
St. George Daily Spectrum
Deciding when to retire may not be one decision but a series of decisions and calculations. For example, you'll need to estimate not only your anticipated expenses, but also what sources of retirement income you'll have and how long you'll need your ...and more » -
The service, Tally, is starting its business at the same time that a similar lender, Lending Club, is in deep trouble with regulators and financiers.
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When a value investor buys in, it’s a sign that a high-flying growth company has joined the ranks of venerable tech companies like IBM and Intel.
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Scientists warn that as farms bore deeper into the aquifer they are reaching tainted water deposited between 10,000 and 35,000 years ago.
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The search giant said it continued to resist France’s demand that Europe’s so-called right to be forgotten rules should be applied globally.
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Mr. Fitschen is stepping down as co-chief executive of the German bank, as planned, but he will continue to work with clients on behalf of the lender.
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A new study focuses on China’s “Fifty Cent Party,” who tout Beijing’s views online and make up a major part of its effort to control its image.
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A major reason for the exodus was concern that investment banking had become less of a priority.
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Less than 10 percent of people receive effective treatment in the two countries, a report has found, and the burden of disability is higher than in all Western countries combined.
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Tracking the dispute between Apple and a Chinese leather goods company using the iPhone trademark can be a frustrating journey through a maze.
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The hackers claim they have 117 million LinkedIn email addresses and passwords.
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Foxconn, the Taiwanese technology giant, and HMD Global, a Finnish company, have signed a licensing agreement to revive the brand.
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Uber has begun allowing drivers in two states to post signs in their cars that say tips are appreciated. Is this just the beginning of Uber tipping?
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An ad apologizing for the higher cost of an ice cream bar reflects the vicious cycle of falling prices and incomes as the country’s economy struggles.
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The app can be confusing for people over a certain age, but it returns something vital to our correspondence.
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The Japanese automaker said its methods did not exaggerate results. Also Wednesday, the chief of Mitsubishi said he would resign after a fuel-test scandal there.
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The question of approving the move would come after Britons cast ballots in June on whether to leave the European Union.
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Disney is counting on James Bobin, known for working on “Da Ali G Show” and the “Muppets” movies, to extend its franchise with “Alice Through the Looking Glass.”
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Sales of Zimbabwean 100 trillion-dollar notes – now long defunct as real currency – have been fetching some speculators returns of 1,500 percent.
Back in 2009, as massive hyperinflation in the impoverished African country hit a peak, one of the massive notes would have barely bought a bus fare.
But now, single 100 trillion-dollar bills are fetching up to $57 on auction site Ebay, the UK-based Guardian reported on Saturday.
Zimbabwe has since abandoned its currency altogether for the US dollar, South African rand and several other foreign currencies.However, the notes live on as souvenirs of a time gone by – and a lucrative investment.
John Wolstencroft, a UK-based private investor interviewed by the Guardian, originally bought the novelty notes as gifts before realizing they would soon become a collector’s item.
The notes soon became popular with financial advisors hoping to persuade clients that cash, as with all things, does not hold its value forever.
Serious business
Some take the trade in defunct currencies very seriously. A US-based money wholesaler sensing an opportunity told the Wall Street Journal in 2011 that he had spent $150,000 buying up Zimbabwean bills.
“I've made more people trillionaires [than legendary US investor Warren Buffet],” Frank Templeton, a retired Wall Street equities trader, told the paper.
Dealers believe that the regime of Zimbabwe’s longtime President Robert Mugabe printed roughly five to seven million 100-trillion-dollar notes.
In contrast to the 1,500 percent returns enjoyed by some speculators, London’s stock exchange has increased by only 5 percent in the same period. The Dow Jones in New York meanwhile, has gained less than 7 percent in the same timeframe.
Out-of-circulation banknotes are not the only unconventional assets a budding investor might consider.
Lego sets kept in mint condition have increased in value 12 per cent each year since the year 2000, the London-based Telegraph reported in December.
Fair Game: Fannie, Freddie and the Secrets of a Bailout With No Exit
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Newly unsealed documents cast doubt on the Treasury’s justification for sweeping the mortgage giants’ profits, exposing the perils of letting the government act in secret.
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