Wednesday, June 19, 2013
Wednesday, June 19, 2013

Personal Finance



 

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Kiplinger investing editor Manny Schiffres offers advice on getting your portfolio ready for rising interest rates. (1:56)
The Street: After every seemingly so-so Amazon earnings report, AMZN haters claim this is it. The arrival of doom. The end of a multibillion-dollar online retail pioneer that created, dictates and owns the space. Meantime, after truly lackluster performances from Apple, there's constant talk about (false) breakouts in the stock. Face it. It's dead money.
The Street: Mortgage rates will have to rise as high as 7% before home purchases becomes unaffordable in most parts of the country, according to economists at housing giant Freddie Mac.
The Street: What's the key to a healthy housing market? Simple: a big supply of willing buyers matched by a big supply of willing sellers. Plus generous, easy-going lenders.
The Street: When Robert Burk received a phone call from Timeshare Mega Media in 2009 about selling his Lake Tahoe timeshare, the electronics engineer jumped at the opportunity.
Michael Son was just weeks away from closing on a three-bedroom ranch house in New Jersey last year when his lender called with bad news. Despite the advertising executive's 720 credit score and proven ability to make a 20 percent down payment, he couldn't secure the loan.
The Street: Michael Cavacini is an aggressive investor who studies personal finance books. At 28, the Philadelphia communications professional is a member of the Millennial Generation, but his attitudes also place him among a recently invented group called Generation D.
The Street: Here's how Apartments.com rates the rental picture among U.S. cities on a "quality of life" basis, along with the average price for a one-bedroom apartment rental.
The Street: Amid the widely reported carnage, value investors are actually experiencing strong profits! But, the media seems to be totally ignoring the story.
DEAR HARRY: I own a retail store in the suburbs. For many years, I have had a credit line with my bank with no charge to "keep it open." Then they started imposing a $100 annual fee. Now, they are upping it to $500. That's unconscionable!
Financial markets shuddered Wednesday after the Federal Reserve said it could start scaling back its huge bond-buying program later this year and end it by the middle of 2014.
A government analyst says the merger of American Airlines and US Airways would reduce competition on more than 1,600 routes traveled by more than 53 million passengers.
Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program later this year and end it next year if the economy continues to improve.
Chairman Ben Bernanke says the Federal Reserve could scale back its $85 billion in monthly bond purchases later this year if the economy continues to improve.
A comparison of the Federal Reserve's statements from its two-day meeting that ended Wednesday and its meeting on April 30-May 1:
The Federal Reserve said Wednesday that it will maintain the pace of its program to keep long-term interest rates at record lows, but offered a slightly more optimistic outlook for the U.S. economy and job market.
Here is the statement the Federal Reserve released Wednesday after its two-day policy meeting:
J.D. Power and Associates released its annual survey of vehicle quality Wednesday. The survey asked drivers about problems with 2013 model-year vehicles in the first 90 days of ownership.
A federal court order that United Technologies Corp. pay $473 million plus interest to compensate for alleged fraud in its sale of fighter jet engines could cut into revenue and profit, the aerospace giant said in a regulatory filing.
The Street: In its fifth year, Apartments.com's Roommate of the Year contest asks America to vote to help determine which top candidate is the best roommate in five separate categories, including the Environmentalist, the All-Star and the Loveable Compulsive.