Personal Finance

Your Money in the News

Higher Interest Rates Would Throw Bank Profits a Lifeline

Having bailed them out and then helped to repair their balance sheets with record-low interest rates and bond-buying, policy makers may assist the financial industry once more when the U.S. Federal Reserve begins tightening monetary policy.

Minutes Show Fed Leaders Delayed Rate Hike Over Global Risks

Federal Reserve officials put off an interest-rate increase in September because of growing risks, mainly from China, to their outlook for economic growth and inflation even as they continued to say they were on track to raise the target later this year.


Default Looms for Chinese Solar Company

The bonds of a solar firm that may become China’s latest default plunged to record lows, adding to warning signs in the nation’s debt market after a tumble in stocks four months ago.

San Miguel May Raise $1 Billion Via Preferred Shares This Year

San Miguel Corp., the Philippines’ largest company, is considering raising as much as $1 billion by selling local currency preferred shares and using the proceeds to repay dollar debt as it seeks to trim its foreign liabilities amid a weaker peso.

Kaisa Bonds Jump as Onshore Restructuring Raises Creditor Hopes

Kaisa Group Holdings Ltd.’s dollar bonds headed for their best rally in six months on speculation a restructuring agreement with an onshore lender will allow the beleaguered Chinese developer to focus on resolving a stalemate with offshore creditors.


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


$5.7 billion

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

Videos: In The Money

Meeting the Needs of the Global Middle Class

Michael Milken, chairman at Milken institute, talks with Anna Edwards about job creation in relation to Europe's refugee crisis and expanding human and social capital in the global middle class being addressed at this week's Milken Institute London Summit. He speaks on "The Pulse." (Source: Bloomberg)

U.S. 10-Year Yield to Reach 1.5% in 2016: HSBC

Steven Major, global head of fixed income research at HSBC, explains his firm's call for a 1.5% yield on the U.S. 10-Year bond by the end of 2016. He speaks on "On The Move." (Source: Bloomberg)