After losing his job as a manager at JPMorgan two years ago, Wayne Ewart spent the next several months looking for another job. He didn’t get one, and, with the financial sector in crisis, he’s al
Finance & Economy
On Feb. 13, President George W. Bush signed a bill, the “Economic Stimulus Act of 2008,” designed to put money into the pockets of millions of consumers, provide tax breaks to businesses and allev
BY Carrie Schwab Pomerantz
I don’t know about you, but I’m already developing a list of ideas for how to use that check the government will soon be sending out to stimulate the economy: pay off my income taxes, pump up the
BY Dean Calbreath
Personal debt has been grabbing the headlines and there is no shortage of cautionary tales. In general, I am not a fan of debt. Interest payments are expensive, along with late fees and penalties if y
BY Carrie Schwab Pomerantz
Most investors understand the importance of diversification—the concept of spreading your exposure over many investments to reduce the risk of any one investment. Equally important, and perhaps less
BY Carrie Schwab Pomerantz
Once upon a time, there was a nation where, during an era of prosperity, large numbers of citizens used short-term, interest-only loans to purchase their homes. They apparently were unaware that once
BY Dean Calbreath
There’s a saying on Wall Street that however the Dow Jones Industrial Average index behaves in January, so goes the rest of the year. To measure the Dow’s performance in January, subtract its aver
Custodial accounts have been around for a long time. Depending on the state in which you live, they are referred to as “Uniform Gifts to Minors Act” or “Uniform Transfers to Minors Act” accoun
BY Carrie Schwab Pomerantz
Some analysts say the U.S. economy already is in a recession, others say the economy is sliding toward a recession, still others won’t call it either way, saying, like Edward McKelvey, senior U.S. e
BY Salome Kilkenny
The unfolding crisis in the $10.8 trillion U.S. home loan market is so widespread and so complex that many experts question whether the government can do much to fix it, especially if a bailout isn’
BY Alan Zibel