Finance

Alibaba Unlikely to Be Interested in Yahoo’s Core Business

Chinese e-commerce giant Alibaba Group Holding is unlikely to be interested in buying Yahoo’s Internet business, The Wall Street Journal reported. Yahoo’s board, in a three-day meeting that started Wednesday, is weighing a sale of the struggling business, Reuters reported Tuesday, citing a source. The business isn’t attractive, “given the difficulties successive managers have had in turning it around,” the ... Read More »

Market Wrap: S&P 500 Posts Big Drop as ECB Disappoints

The S&P 500 suffered its biggest drop since late September on Thursday as the European Central Bank disappointed market hopes for greater stimulus. The ECB move triggered a spike in the euro that caught investors by surprise, forcing them to shift positions that hit most asset classes. Bond prices dropped after the announcement. At the same time, the CBOE Volatility ... Read More »

8 Things That Are Cheaper at Target

There’s no arguing that Target has a loyal following among many shoppers. While the retail giant may not always have the lowest prices, it certainly attracts consumers happily willing to pay a little extra to avoid the crowded aisles of some other discounters. But there are certain items which are almost always cheaper at Target (TGT) compared to other retailers. ... Read More »

You’re Running Out of Time for Your 2015 Tax Planning

A few months ago, we suggested getting your tax strategy together before it was time to panic. Well, it’s time to panic. We’re less than a month to the end of 2015 and any plans you have to lessen your tax hit by the end of the year should probably be implemented now. Rebecca Pavese, a certified public accountant, financial ... Read More »

Americans Pay Up to 10 Times Too Much for Medications

Just 17 percent of people comparison shop for their prescriptions to find better deals, a new survey shows. That means 83 percent are potentially paying hundreds of dollars more than necessary each time they fill a prescription, according to Consumer Reports. The nonprofit found that medications can cost as much as 10 times more at one retailer compared with the ... Read More »

December Rate Hike Assured, Yellen Faces Future Battles

Federal Reserve Chair Janet Yellen has the evidence of U.S. labor market health she wanted in order to raise benchmark interest rates for the first time in a decade this month, but she may have a tougher time selling further hikes. Yellen’s arguments against potential dissenters at the Dec. 15-16 Fed policy meeting were strengthened by Labor Department data Friday ... Read More »

Market Wrap: Stocks Surge on Strong U.S. Jobs Data

U.S. stocks rallied Friday, giving the S&P 500 its biggest gain since early September, as employment data suggested the economy was strong enough to sustain a Federal Reserve rate hike this month. Financials, which benefit from higher borrowing costs, led the rally. The S&P financial index jumped 2.7 percent. JPMorgan Chase (JPM) rose 3.2 percent to $67.89 after European antitrust ... Read More »

How to Avoid Holiday Season Credit Card Rip-Offs

“Buy now, pay later” is the modern way of life. Credit cards are a highly profitable business for the companies that issue them, so it’s no surprise that banks continue to inundate consumers with credit card offers, especially during the shopping frenzy of the holiday season. These come-ons are among several financial traps lurking out there today. Visa (V), MasterCard ... Read More »

How to Get Richer Without Getting a Raise

Live the life you want without working all the time. That’s the message of Tim Ferriss — entrepreneur, angel investor, public speaker and author of several bestselling books, including “The 4-Hour Workweek.” And it’s helped him achieve massive success. Tim Ferriss is a finalist in GOBankingRates’ 2015 “Best Money Expert”competition held in collaboration with Ally Bank. As part of the ... Read More »

Keurig Green Mountain to Be Taken Private for $13.9 Billion

Keurig Green Mountain, the maker of K-Cup single-serve coffee pods, said Monday it would be bought by an investor group led by Germany’s JAB Holding Co. for about $13.9 billion, creating a global coffee giant. The deal, pitched at a 78 percent premium to Keurig’s Friday close, is the latest by JAB as it seeks to become a formidable competitor ... Read More »