Personal Finance

Your Money in the News

Fischer Praises Economy, Straddles FOMC Liftoff Date Camps

Federal Reserve Vice Chairman Stanley Fischer left open the option of an interest-rate increase next month, walking a line between officials who want to delay due to market turmoil and those who say the economy is strong enough to handle a move.

Markets

Junk-Rating Dread Sends Brazil Stocks to Biggest Slump in World

The Ibovespa led global losses and the real sank to a 12-year low on speculation that Latin America’s largest economy is struggling to put its finances in order and avoid a credit-rating cut to junk. Brazil’s bond risk traded near the highest level since 2009.

Retirement

How to Find -- and Afford -- Your Second Act

Stat

$5.7 billion

The Internal Revenue Service collected about that much in 2011 from penalties for early withdrawals from 401(k) retirement savings accounts

While Many Panicked, Japanese Day Trader Made $34 Million

While a lot of investors were hitting the panic button Monday, a Japanese day trader who’d made a big bet against the market timed the bottom almost perfectly and narrated a play-by-play of the trade to his 40,000 Twitter followers. He claims to have walked away with $34 million.

Videos: In The Money

Options Update: How to Play Intel

MKM Holdings Derivatives Strategist Jim Strugger discusses his options play for Intel. He speaks on "Bloomberg Markets." (Source: Bloomberg)

Inside a Couple of Bad Years for Gold Bulls

Instead of a rally gold, futures in New York fell for four straight sessions even as global equities plunged to a two-year low. Bloomberg's Betty Liu reports on "Bloomberg Markets." (Source: Bloomberg)