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

Goldman Sachs Still Bullish on China Stocks

Goldman Sachs Group Inc. is sticking with its bullish view on Chinese stocks in Hong Kong, saying valuations are inexpensive and improving economic data will spur a rebound.

MBK Partners Said to Near $6 Billion Tesco Korea Acquisition

A group led by MBK Partners Ltd. is nearing an agreement to buy Tesco Plc’s South Korea business for about $6 billion including debt, in what could be the country’s biggest private-equity deal, people with knowledge of the matter said.

Asia Stocks Swing Amid Growth Concern

U.S. and European equity-index futures signaled a rebound after two days of losses, while concern that the slowdown in China may crimp global growth sent Asian shares lower.

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

Why the U.S. Dollar Bull Market Isn't Over Yet

Morgan Stanley Head of Global FX Strategy Hans Redeker discusses the U.S. dollar rally and why he says it will continue. He speaks to Bloomberg's Guy Johnson and Anna Edwards on "Countdown." (Source: Bloomberg)

Iran Committed to Boosting Oil Supply

Oil has dipped below $45 a barrel, but that hasn't derailed Iran's plans to restore output once the sanctions are lifted. Bloomberg's Elliott Gotkine reports on "Countdown." (Source: Bloomberg)

Market Volatility: Should You Be Optimistic?

UBS Global Asset Management Portfolio Manager Tom Rivers discusses global markets, investor sentiment and why markets may see an upswing in the long-term. He speaks to Bloomberg's Rishaad Salamat on "Asia Edge." (Source: Bloomberg)

It's Back to Basics for Forex Traders

When market chaos ensues, it's said that one should put emotion aside and go back to basics. Well, that's what's happening in the forex markets where traders are picking winners with one common denominator. Bloomberg's David Ingles reports on "Asia Edge." (Source: Bloomberg)