Personal Finance

Your Money in the News

Fed Overstates Impact of Dollar, Oil on Inflation, Goldman Says

U.S. inflation, which the Federal Reserve has tied to its decision of when to raise interest rates, is being restrained more by labor market slack than the transitory influences of a stronger dollar and lower oil prices, Goldman Sachs Group Inc. economists said.

Markets

Abengoa Said to Work With Lazard to Find Buyers for Share Sale

Abengoa SA, a Spanish renewable-energy company whose market value has shrunk by half this year, is working with financial advisory firm Lazard Ltd. to find investors for its planned capital increase, according to people with knowledge of the matter.

Putin's China Energy Deals May Hide Paper Tigers as Growth Slows

Vladimir Putin’s long-heralded visit to Beijing this week yielded five framework energy deals that bolster Russian hopes of strengthening ties with China as relations sour with the U.S. and Europe. Yet if history is any guide, most of the accords won’t bear fruit.

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

Videos: In The Money

A Lesson on Inflation From Professor Alan Krueger

Princeton Economics Professor Alan Krueger discusses the importance of inflation to currencies, trade and monetary policy and looks at the state of the United States labor force. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)