Financial News.
Could Glass-Steagall Have Stopped JPMorgan Loss?
The banking giant's $2 billion loss has many lawmakers and economists wondering what happened to the 2010 financial overhaul, which was supposed to prevent risky hedging. Many are also looking back further — to a Depression-era law, repealed in 1999, that separated commercial and investment bank activities.
Full StorySat, 19 May 2012 18:13:00 -0400What Facebook May Mean For Your Portfolio, Even If You Didn't Buy It
With an initial market capitalization of more than $100 billion, Facebook could have a distorting effect on some mutual funds, at least in the short term.
Full StoryFri, 18 May 2012 15:06:00 -0400JPMorgan's Troubles And The Price Of Eggs
JPMorgan Chase says it lost billions of dollars trading "synthetic derivatives." Do these complex Wall Street transactions ever do anything to help average people? To answer that question, we consider the case of an imaginary company, Chickens LLC, that is looking to grow.
Full StoryFri, 18 May 2012 10:50:00 -0400Is Now The Time To Vacation In Greece?
The Greek economy depends heavily on tourism. The crisis seems to be scaring away visitors, which would deal the economy another blow. But could the crisis create a bargain for travelers who would simultaneously be giving the Greek economy a boost?
Full StoryFri, 18 May 2012 06:19:00 -0400Is Facebook Worth $100 Billion?
For Facebook to live up to its valuation, the company will need to redefine advertising as we know it.
Full StoryTue, 15 May 2012 16:01:00 -0400Buying Facebook? Investing 101 For Newbies
Facebook stock goes public this week for the first time. That's got at least some of the site's 900 million plus users thinking it's a good time to start investing. Host Michel Martin asks personal finance expert Louis Barajas what new investors need to know when they're ready to take their first steps.
Full StoryTue, 15 May 2012 12:00:00 -0400Canada's Housing Market Booms; Experts See Trouble
Canada's real estate market is one of the hottest in the developed world. In Toronto, where prices rose 10 percent in March, the average detached house costs more than $600,000. But some worry that Canada is experiencing a housing bubble that's about to burst.
Full StoryTue, 15 May 2012 08:05:00 -0400Paying For College: More Tough Decisions
From your late 40s through early 60s, you're supposed to squirrel away cash to cope with health care costs in your old age. But for millions of Americans, middle age also is the time when children are seeking help with higher-education bills, and elderly parents may be needing assistance with daily care.
Full StoryTue, 15 May 2012 03:07:00 -0400The Price We Pay: Gas Is Down, Maybe For A While
After spending much of the year on the rise, gas prices are now falling — dropping nearly 20 cents in one month. Industry analysts expect the price to keep falling, but that might not take the strain off your wallet yet.
Full StorySun, 13 May 2012 06:20:00 -0400Students To Congress: Don't Let Interest Rate Double
If lawmakers can't come to an agreement, the federal Stafford loan interest rate will jump from 3.4 to 6.8 percent on July 1, adding an average of $1,000 to the cost of a year of college. Students from across the country visited Capitol Hill on Tuesday to ask Congress to keep that from happening.
Full StoryTue, 08 May 2012 11:34:00 -0400'Sandwich Generation' Must Make Tough Choices
Record numbers of families consist of adult children, parents and grandparents under one roof. NPR correspondent David Greene and senior business editor Marilyn Geewax talk about the NPR series "Family Matters: The Money Squeeze," which focuses on the pressures faced by the "sandwich generation."
Full StoryTue, 08 May 2012 13:00:00 -0400Can Mo' Money Really Mean Mo' Problems?
Many people believe money can solve all their problems. But Richard Watts, a financial and legal advisor to the very rich, says there's some truth to the saying, "more money, more problems." Watts speaks with host Michel Martin about his new book, Fables of Fortune: What Rich People Have That You Don't Want.
Full StoryTue, 08 May 2012 12:00:00 -0400Why Your Drug Copay Could Change
Insurers and employers are looking to stem the rising costs of expensive specialty drugs. One approach is to vary the copayment depending on the health value they calculate the drugs provide.
Full StoryTue, 08 May 2012 09:46:00 -0400Long-Term-Care Insurance: Who Needs It?
As the nation's roughly 78 million baby boomers move into old age, the need for long-term care will soar. But when it comes to long-term-care insurance, relatively few sign up. The policies can be expensive and some big insurance companies have stopped offering them.
Full StoryTue, 08 May 2012 03:13:00 -0400Before The IPO: A Private Market For Tech Shares
Facebook will soon go public, allowing anyone to buy shares of the social networking giant. But sophisticated investors have already been buying pieces of Facebook and other hot tech stocks, on private exchanges and secondary markets.
Full StoryMon, 07 May 2012 02:46:00 -0400
