Author: super@dmin
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The Wall Street Journal: Major banks suspected of collusion in EU bond rigging probe
The European Commission suspects Deutsche Bank AG, Credit Suisse Group AG and two other global banks of colluding to manipulate a multi-trillion-dollar government-backed bond market, escalating a long running probe.
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Need to Know: After Fed shock, S&P 500 needs to shed 10% before it hits bottom, says strategist
Investors are still picking themselves up and maybe stumbling around in a little shock after the Fed failed to deliver enough dove to please markets. Our call of the day says wait for another 10% drop in the S&P 500 before this market really looks like a place to put parked money to work.
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Economic Report: Jobless claims rise modestly after hitting 12-week low
New applications for state unemployment benefits rose 8,000 to 214,000 in the week ended Dec. 15, the Labor Department says Thursday.
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Gifts That Pay Off: This holiday gift will turn your child into a savvy investor
A relatively small investment now can make your child’s life so much easier when he or she grows up
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Metals Stocks: Gold hovers at roughly 5-month highs after Fed rate-hike campaign tweaked
Gold prices ticked higher Thursday, a mild recovery from the after-hours decline for the precious metal that followed the Federal Reserve’s as-expected rate increase.
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Currencies: Dollar on track for worst week since February in Fed aftermath
The U.S. dollar extends its weakening trend Thursday, unable to shake the risk-averse aftertaste of this week’s Federal Reserve policy update and interest rate increase.
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Bond Report: 10-year Treasury yield holds near 9-month low as bonds react to Fed hike
Treasury yields are struggling for direction as bond traders digest the Federal Reserve’s policy decision, which had sent U.S. government bonds rallying.
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Love & Money: What to tell your children about money so they don’t become materialistic
Even the act of touching money can have a powerful effect on kids’ behavior, research shows.
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Outside the Box: Here are stock losers to buy today — because others are selling them for tax purposes
The key is to find losers that may rebound early next year.
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Next Avenue: These are the 3 biggest financial risks of retirement
Most people have no plan for how to distribute assets to provide a dependable income stream in retirement.