News

The U.S. trade deficit shot up to $51.4 billion in March, the biggest shortfall in more than six years, suggesting that the economy contracted in the first quarter. The government’s preliminary estimate last week that the economy expanded 0.2% in […]

After two years of investors pulling out money from the PIMCO Total Return Fund, which was created by Bill Gross, Pacific Investment Management’s flagship fund has lost its position as the world’s biggest bond fund. Its assets have fallen to […]

The average 401(k) balance reached $91,800 in the first quarter, a 0.5% increase from Q4 and 3.6% higher on a year-over-year basis, according to Fidelity. Average IRA balances also rose. More consumers are saving for retirement, and some are raising […]

More than half of global employers are planning to boost contributions to workers’ 401(k) plans, and 14% say they plan to raise them dramatically, according to a survey by Vanguard.

The Federal Reserve scaled back its view of prospects for the U.S. economy and labor market and said it would have to see more encouraging data before it considers raising interest rates. Meanwhile, the Commerce Department said economic expansion dropped […]

Sixty-eight percent of U.S. adults with college loans said they regret the way they financed their own or their children’s education. More than one-third of millennials wish they had delayed going to school in order to save more money first.

Companies appear to be less willing to use their cash holdings during the next three months than they were in January, research indicates. Separately, companies may find that forthcoming regulations for money market funds may complicate investment strategies.

Inflation worries prompt investors to turn to TIPS

U.S. sales of previously owned homes rose more than 6% to an annualized rate of 5.19 million in March, according to the National Association of Realtors. It was the highest level of sales since September 2013 and marked the sharpest […]