Latest Personal investing News

Labor pick will seek ethics advice on brokers conflict rule

Sep. 19, 2019 5:10 PM EDT

WASHINGTON (AP) — President Donald Trump's pick for Labor secretary sought to quell concerns among Democrats that he's too close to the corporate world, telling lawmakers Thursday that if confirmed he'll ask ethics officials if he can participate in the crafting of a conflict of interest rule for...

Once ridiculed, index funds now hold the reins in US stocks

Sep. 16, 2019 4:32 PM EDT

NEW YORK (AP) — They're simple, cheap and now the most popular way for many people to invest in the U.S. stock market: index funds. Last month, for the first time, the number of dollars invested in funds tracking the S&P 500 and other U.S. stock indexes eclipsed those in funds run by managers trying to...

Stock-picking fund managers are clawing back. Can it last?

Sep. 12, 2019 10:36 AM EDT

NEW YORK (AP) — Mutual fund managers are making the most of the shaky stock market, which has provided them an opportunity to prove themselves and lure back investors who dumped them in recent years. Nearly half of all actively managed U.S. stock funds turned in better returns than their average index-fund...

Asian shares rise amid optimism about Hong Kong, Brexit

Sep. 5, 2019 1:07 AM EDT

TOKYO (AP) — Asian shares were mostly higher Thursday amid encouraging global developments, including British lawmakers seeking a less chaotic exit from the European Union and easing political tensions in Hong Kong. Japan's benchmark Nikeki 225 rose 2.3% to 21,131.08 in morning trading. Australia's...

The Latest: British PM: Parliament could wreck Brexit deal

Sep. 3, 2019 11:07 PM EDT

LONDON (AP) — The Latest on Brexit (all times local): 11:35 p.m. Prime Minister Boris Johnson says Britain's Parliament is "on the brink of wrecking any deal" his government might be able to make with the European Union on Brexit terms. He said Tuesday after a sound defeat in Parliament that a possible...

UK currency volatile as investors try to gauge Brexit risks

Sep. 3, 2019 12:19 PM EDT

LONDON (AP) — The pound on Tuesday touched its lowest level against the dollar since 1985, excluding a brief "flash crash" in 2016 that may have been caused by technical glitches, as international investors fret over a political showdown over Brexit this week. The British currency fell as low as $1.1960,...

Chicago's mayor faces sobering reality _ huge budget deficit

Aug. 29, 2019 10:23 PM EDT

CHICAGO (AP) — Chicago Mayor Lori Lightfoot, who swept into office five months ago on a promise of wholesale reform, presented a sobering reality Thursday — the city faces a massive budget shortfall and major tax increases may be necessary. Lightfoot said the nation's third largest city will have an...

Amid rocky market, 401(k) savers eked out gains in 2Q

Aug. 29, 2019 3:59 PM EDT

Retirement savers have eked out steady gains this year, even as the stock market turned increasingly volatile amid uncertainty over the trade war between the U.S. and China and fear of a global economic slowdown. The average 401(k) plan balance rose 2% to $106,000 in the second quarter versus a year earlier,...

Asian shares mostly up on optimism about US-China trade war

Aug. 26, 2019 10:58 PM EDT

TOKYO (AP) — Asian shares mostly rose Tuesday as investors found reason to be cautiously optimistic again about the potential for progress in the costly trade war between the U.S. and China. Japan's benchmark Nikkei 225 rose 1.2% in morning trading to 20,497.09. Australia's S&P/ASX 200 added 0.3% to...

Indian government announces steps to boost economy

Aug. 23, 2019 11:26 AM EDT

NEW DELHI (AP) — India's government on Friday rolled back a surcharge on foreign portfolio investment and announced steps to lower interest rates on home and auto loans to boost the country's faltering economy. Finance Minister Nirmala Sitharaman told reporters that the government will also withdraw a tax...