Personal Finance

Your Money in the News

Payrolls Rise Less Than Projected, U.S. Jobless Rate Steady

Payrolls rose less than projected in September, wages stagnated and the jobless rate was unchanged as people left the workforce, signaling the global slowdown and financial-market turmoil are rippling through the world’s largest economy.


Funds Said in Talks to Buy Over $1 Billion Cablevision Stake

Canada Pension Plan Investment Board and private-equity firm BC Partners are in talks to acquire more than $1 billion in Cablevision Systems Corp. shares as part of Altice NV’s takeover of the U.S. cable provider, according to people familiar with the matter.

Kocherlakota Says Low Inflation Warrants Further Fed Stimulus

Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said the U.S. central bank would have been “totally justified” if it had increased policy stimulus to combat low inflation when it met last month, adding that negative interest rates could be a useful policy tool.

European Bonds Rally as Falling Consumer Prices Raise QE Bets

Consumer prices in the euro area unexpectedly fell in September, six months after the European Central Bank introduced a quantitative-easing program to stave off deflation. That has bond investors looking toward an account of the latest ECB meeting and retail sales data next week for signs on whether policy makers will plan more stimulus.

Exxon, Chevron Outlooks Cut to Negative by S&P in Oil Slump

Exxon Mobil Corp. and Chevron Corp. were among several U.S. oil and natural gas producers that had their outlooks or ratings cut by Standard & Poor’s as the industry suffers from weak crude prices, hurting their cash flow and liquidity.

Warburg Pincus Said to Opt Out of Buying Brazilian Bank's Shares

Warburg Pincus LLC, the New York-based private-equity firm, won’t buy more shares of Banco Indusval SA as the Brazilian bank sells stock to raise 80 million reais ($20 million) in capital, according to two people with direct knowledge of the matter.


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

Why Wild ETF Trades Don't Work

Bloomberg Intelligence's Eric Balchunas explains why wild ETF trades don't work. He speaks with Bloomberg's Alix Steel and Scarlet Fu on "Bloomberg Markets." (Source: Bloomberg)

Is the 'Yellen Put' Still in Play for Markets?

Mary Ann Bartels, BofA Merrill Lynch's chief investment officer, discusses the outlook for Federal Reserve monetary policy with Bloomberg's Scarlet Fu and Alix Steel on "Bloomberg Markets." (Source: Bloomberg)

Oil Bust Hits the Sand Industry

Bloomberg's David Wethe explains how the oil bust has impacted the sand industry. He speaks with Bloomberg's Scarlet Fu and Alix Steel on "Bloomberg Markets." (Source: Bloomberg)

Glencore Shares Only Down 2.3% for the Week

Glencore shares ended with a 2.3 percent loss for the week, a tiny move for the company that’s lost $44 billion in market value this year. Bloomberg's Alis Steel reports on "Bloomberg Markets." (Source: Bloomberg)

Jobs, Dollar, Economy: What's Worrying the Fed Now?

U.S. payrolls expanded less than expected in September, adding 142,000 jobs while the jobless rate held steady at 5.1 percent. Bloomberg's Josh Wright examines the data and looks at how the report may impact the Federal Reserve's decision on when to raise interest rates. He speaks on "Bloomberg Markets." (Source: Bloomberg)