Retirees in the US Are Doing Better Than You Think
Contrary to what you may have heard, new retirees are doing better financially than previous generations, according to research being published on Wednesday by a mutual fund industry trade group.
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Do Good AND Make Money With 'Social Impact Bonds'
A new type of financial instrument is challenging the idea that giving and investing are separate and distinct. The social impact bond (SIB) is an experimental hybrid that applies a profit motive to some of the most intractable social problems. The government of Canada added itself to a short list of agencies around the world considering SIB programs, which can be seen as an alternative to charitable donations -- great for investors looking to place capital in a way that will generate economic and social value at the same time.
Wall Street Ends 2012 Riding High on "Cliff" Deal Optimism
U.S. stocks closed out 2012 with their strongest day in more than a month. Not only that, the S&P 500 ended the year up 13.4 percent since January 1 of last year, its best performance since 2009. The Dow Jones average added 7.3% for the year and the Nasdaq jumped 16%.
New U.S. Housing, Jobs Data Best in Five Years
The number of Americans filing new claims for unemployment aid hit a five-year low last week, and residential construction surged in December, the latest signs that the U.S. economic recovery remains on track.
Pledges on Kickstarter Topped $320 Million In 2012; Site Names Year's Top Projects
Kickstarter, the crowd-funding site that pairs indie-minded inventors, filmmakers and entrepreneurs with online investors, fully funded more than 18,000 projects in 2012. The website's year-end analysis shows that more than 2.2 million people pledged a total of nearly $320 million. 17 projects raised more than $1 million each
California Gov. Jerry Brown Congratulates Voters for Embracing Optimism
California did the impossible, declared Gov. Jerry Brown in his State of the State address. California has once again confounded its critics, he said, basking in the glow of a new optimism from a recovering economy, budget surplus and fresh political victories.
Good News in the Job Market: Recovery, Growth, Optimism Spike in March
Employers around the world are more optimistic about business growth and think more money will be spent on talent development this year. That's according to a Right Management survey of more than 2,000 senior human resource executives in 14 countries. In the US, the number of job openings spiked again in March.
U.S. Bankers Voice New Optimism as Businesses Line Up for Loans
Loans to businesses have risen to a record high and bank executives say they are increasingly optimistic about the U.S. economy. Increasing demand for bank loans often is a prelude to higher economic growth
How I Save My Community Millions on Groceries
A 29 year-old mom of two is saving her rural Kansas community millions of dollars a year by sharing her weekly grocery list in an online spreadsheet. By day Emily Graves is a typical working mom. But it's her hobby, creating a shopping list that compares sale ads, that's turned her into a retail rock star.
Her Student Debt Was Paid in Full After A Bank Heard Her Family Story
After a former college student shared her heartbreaking family story on CNN, her $54,000 student loan was completely forgiven, thanks to a JPMorgan Chase program.
Stanford Just Made Tuition Free for Families Earning Below $125K
Under new, more generous financial aid guidelines, Stanford University will offer free tuition to talented students whose parents earn annual incomes below $125,000.
Health Insurer Aetna Raises Wages for 5700 Workers To $16 an Hour
Aetna became the latest corporation to announce a voluntary minimum wage hike. 5700 workers received checks last week reflecting the new salary of $16/hour.