A year ago, with the markets and the economy in meltdown, the SmartMoney Power 30 was full of the usual cast of government giants and Wall Street heavyweights: Ben Bernanke, Timothy Geithner, Warren Buffett. But as the U.S. moves into a new phase, a time of slow but seemingly steady recovery, some of the biggest players might seem more on the fringe – academics, advisers, even a lobbyist.
For decades, Dole Food has stuck mostly to its chief business – picking and selling fruit. But recently, the California-based food company branched into a new line of work: offering mutual funds designed specifically for its employees.
With the economy and the markets showing tentative signs of a rebound, millions of Americans are focusing on their 401(k) plans with fingers crossed, hoping to make up the estimated $3.7 trillion employees’ retirement accounts lost during the crash.
If there’s one belief that took hold during the financial mess, it’s "All debt is bad." After all, too many companies borrowed too much money, and when the recession hit, they couldn’t pay back all that cash. Hundreds of firms saw their stock value plummet and filed for bankruptcy protection, and embittered investors lost billions.
It’s the ultimate sugar rush – a stock you own surging 20 percent or more in a day because it’s become a takeover target. But if you’ve been in withdrawal for a while, a new wave of merger mania might bring some of those sugar highs back.
Best-selling books, top colleges in the U.S., the safest cars. There’s no shortage of reviews and rankings to help with all manner of decisions. But when it comes to one of the biggest – how to choose among retirement investments – the most prominent raters and judges have been uncharacteristically silent.
Want to invent the next iPod? Then don’t try too hard. We may be able to train our minds to be better at generating ideas, according to recent thinking on how we think, and often the best way to foster a brilliant idea is not to push it.
When Manuel Frazao climbed aboard his most recent cruise, the first thing he did was take off his shoes. But the New Britain, Conn., retiree wasn’t prepping for the pool or testing a new seasickness remedy. He just wanted to feel the grass between his toes.