Personal Finance

Your Money in the News


Lew Says U.S. to Ensure Dollar Remains Top Reserve Currency

Treasury Secretary Jacob J. Lew said the U.S. intends to ensure the dollar stays the world’s leading reserve currency a day after the International Monetary Fund elevated the Chinese yuan into a basket alongside the dollar, euro, yen and pound.

RWE to Spin Off, Partly List Renewables, Grids, Retail Business

RWE AG, Germany’s biggest power generator, is following in the footsteps of EON SE and splitting in two as Chancellor Angela Merkel’s energy shift sparks strategy changes at traditional utilities. Its shares rose the most in more than seven years.

U.S. Stocks Advance Amid Favorable December Trend Following Lull

U.S. stocks rose to begin what has historically been the strongest month of the year for global equities, breaking out of a lull that held the Standard & Poor’s 500 Index to its narrowest monthly move in six years as investors await December monetary policy decisions.


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

The Risk of Insuring Puerto Rico's $70 Billion Debt

Tim Coleman, group head of restructuring at PJT Partners, explains the options for Puerto Rico in dealing with its $70 billion of debt and the risk MBIA is taking on in insuring the territory's bond payments. He speaks on "Bloomberg ‹GO›." (Source: Bloomberg)

Automakers Drive Big Profits Near Record Auto Sales

Automakers are approaching record sales with November expected to top 18 million annual sales for a third straight month. Bloomberg's Keith Naughton examines the strength of the industry on "Bloomberg Surveillance." (Source: Bloomberg)

Making the Argument for a Global Bear Market

Chris Watling, chief executive officer and chief market strategist at Longview Economics, and Peter Schaffrik, head of European rates and economics research at RBC Capital Markets, discuss global equity markets, the influence of the U.S. economy, and the effect of deleveraging on global growth. They speak on "Bloomberg Surveillance." (Source: Bloomberg)