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Time Warner beats estimates, raises dividend
Carlyle Group swings to loss, plans buyback
BP CEO: Oil to start rebalancing in late 2016
Deutsche Bank rallies on debt buyback report
European stocks snap 7-day losing streak
Oil hovers above $28 | Dollar falls vs. yen
SolarCity shares plunge on soft forecast
What to expect from Whole Foods earnings

A break for zombie-fighting Amazon developers

REIT bonus targets at heart of Brixmor scandal

Burberry sues, says J.C. Penney copied its designs
Hermès sales up 15% on euro, Asian demand

Feds have removed a roadblock to driverless cars

The Twitter signal that’s giving investors hope
Tech money makers can’t make up for losers
Facebook, Amazon are the keys to this market

Recipe for less boring Oscar acceptance speeches
Is James Bond’s Pinewood Studios for sale?

Why is everyone freaking out about ‘CoCos’?
Convertible bonds are alluring as stocks fall

If you’re bullish on oil, Chevron and Exxon are buys here
If you’re bullish on oil, these stocks are buys

Social Security in the crosshairs: replacement rates again
Stage is being set for cuts to Social Security

Tricky tax issues you should know about this year

Supreme Court halts Obama’s emissions plan
White House forecasts best growth in years
Obama proposes $4.1 trillion federal budget

Portland Trail Blazers guards Damian Lillard and C.J. McCollum live with ... mom
Meet the NBA stars who live with their mothers

Why you should consider retiring abroad
The best places to retire abroad — with friends
Finding the best places to retire abroad
Expat retirees: how life has turned out

The sad truth of why retirement
is a myth


Is it wise to hold onto cash reserves?

Strategists argue stocks need a true purge

IRS says identity thieves breached its systems
How to know if your tax preparer is a crook
Tax software firm warns of data breach
White House's lesson about online security

The 6 Most Shorted NYSE Stocks: Short Sellers Pile on Alcoa, Freeport-McMoRan Again
Short sellers pile on Alcoa, Freeport-McMoRan
24/7 Wall St.: Short sellers retreat from Nasdaq

Tesla earnings: Model 3 spending, Model X sales in focus
Tesla earnings: Model 3 spending, Model X

Cheap oil may make OPEC dominant again
Existential threat to Russians and Saudis: Lynn

Will oil get so cheap, it won’t pay to extract it?


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47.91MDow Volume:
Avg Vol: 130.29M
Unchanged
174
Decliners
1931
Advancers
4174
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
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  • 1 Month
  • 3 Months
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Dow
/quotes/zigman/627449/realtime 16,041 +26 0.16%
Nasdaq
/quotes/zigman/12633936/realtime 4,327 +58 1.37%
S&P 500
/quotes/zigman/3870025/realtime 1,867 +14 0.77%
GlobalDow
/quotes/zigman/629063/realtime 2,091 +7 0.32%
Gold
/quotes/zigman/33772884/delayed 1,194 -5 0.38%
Oil
/quotes/zigman/2260836/delayed 27.56 -0.38 1.36%
FTSE 100
/quotes/zigman/3173262/delayed 5,672 +40 0.71%
DAX
/quotes/zigman/2380246/delayed 9,017 +138 1.55%
CAC 40
/quotes/zigman/3173214/delayed 4,061 +64 1.59%
FTSE MIB
/quotes/zigman/1482176/delayed 16,714 +801 5.03%
IBEX 35
/quotes/zigman/2759620/delayed 8,144 +216 2.73%
Stoxx 600
/quotes/zigman/2380150/delayed 315 +6 1.87%
Asia Dow
/quotes/zigman/6959860/realtime 2,459 -12 0.48%
Nikkei 225
/quotes/zigman/5986735/delayed 15,713 -372 2.31%
Hang Seng
/quotes/zigman/2622475/delayed 19,288 +105 0.55%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 23,759 -262 1.09%
Singapore
/quotes/zigman/1709939/delayed 2,582 -41 1.57%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 -0.01 0.66%
Yen
/quotes/zigman/16008150/realtime/sampled 114.11 -1.01 0.87%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 0.00 0.00%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 +0.00 0.24%
DXY Index
/quotes/zigman/1652083/delayed 96.24 +0.18 0.19%
WSJ $ Idx
/quotes/zigman/41508961/realtime 89.27 -0.01 0.01%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.73 +0.00 0.19%
German 10y
/quotes/zigman/15866409/realtime 0.24 +0.00 2.10%
Italy 10yr
/quotes/zigman/15866497/realtime 1.64 -0.04 2.37%
Spain 10yr
/quotes/zigman/15866444/realtime 1.72 -0.06 3.62%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.42 +0.00 0.06%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 +0.04 165.64%
Crude Oil
/quotes/zigman/2260836/delayed 28 0 1.36%
Gold
/quotes/zigman/33772884/delayed 1,194 -5 0.38%
Corn
/quotes/zigman/25518691/delayed 360 -1 0.35%
DJIA F
/quotes/zigman/48241424/delayed 15,970 +11 0.07%
S&P F
/quotes/zigman/43106711/delayed 1,854 +6 0.30%
Silver
/quotes/zigman/32655632/delayed 15 0 1.32%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 102.48 2.94 2.95%
AAPL /quotes/zigman/68270/composite 95.29 0.30 0.32%
GOOG /quotes/zigman/59527964/composite 691.50 13.39 1.97%
BAC /quotes/zigman/190927/composite 12.19 -0.0060 -0.05%
C /quotes/zigman/5065548/composite 37.87 0.36 0.96%
F /quotes/zigman/264304/composite 11.42 0.07 0.57%
T /quotes/zigman/398198/composite 36.48 -0.17 -0.46%
BP /quotes/zigman/247026/composite 28.26 -0.09 -0.33%
GE /quotes/zigman/227468/composite 28.56 0.28 0.97%
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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.26% 15.26% 15.27%
Reward 15.28% 15.28% 15.14%
Instant Approval 18.21% 18.21% 18.00%
Bad Credit 22.88% 22.88% 22.73%
Source:CreditCards.com

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How Overdraft-Fee Crackdown Could Backfire

If Washington’s new financial watchdog cracks down on overdraft fees, experts say banks may end up raising charges for all customers — including those who don’t bounce checks.

The Consumer Financial Protection Bureau said Wednesday it plans to collect data from the country’s largest banks to see how their overdraft policies impact consumers. Those fees, which can run as high as $35, come into play when bank customers spend more than they have in their accounts.

As onerous as overdraft fees can be, experts say that whenever banks are forced to scale back one charge, they find a new one to replace it. “It’s like that fairground game of whack-the-mole,” says Curtis Arnold, founder of CardRatings.com. “You kill one mole or fee in this case and another appears in its place.” (The Consumer Financial Protection Bureau did not respond to requests for comment.)

Richard Riese, senior vice-president of regulatory compliance at the American Bankers Association, says he welcomes the bureau’s plan and hopes the study withstands peer review. “But it they’re only going to use data from large banks and yet this is a rule that will apply to all the banks in the country,” he says. Riese says customers always know upfront what the cost will be of overdraft services “and know they can stop the service anytime they want.”

Should overdraft fees be reduced, other areas ripe for new charges include monthly service fees for checking accounts, fees per check written or per debit card transaction, says Ben Woolsey, director of marketing and consumer research at CreditCards.com. Banks already raised fees on ATMs, increased credit card interest rates, and slashed debit reward programs, experts say. Banks charge an average of $1.10 versus $0.85 in mid-2011 for using out-of-network ATMs, according to a survey released this week by MoneyRates.com. Plus, banks charged non-customers an average of $2.37 for using their ATMs.

What’s more, between 2008 and 2011, the average rates in credit card offers rose by 2.1 percentage points, according to a survey released this week by CardRatings.com. Based on an estimate of $800 billion in U.S. credit card debt, the survey says that equates to another $33 billion in fees.

That said, there has been some good news for bank customers in recent months. The average balance required to avoid a monthly maintenance fee has lowered to $3,591, down from $4,123 in mid-2011, according to MoneyRates.com. However, BankRate.com says banks are doing away with free checking: it says 45% of non-interest bearing checking accounts are free, down from 76% in 2009.

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (5 of 6)

View all Comments »
    • For those who are into extra income and work from home, part time or full, doing what you already do, here you can find out more makecash25DotCom

    • Wanna make serious money working from home only a few hours daily and make a nice extra income doing what you already do, here you can find out more makecash25DotCom

    • This is already happening. My bank is now imposing a $10 monthly fee for low balance, no-interest checking accounts (traditionally its bread and butter offering used to make money off of financially inept individuals that get tripped up into fees.)

      As a responsible person that just wants a no-fee, local checking account to keep just enough money for the monthly bills, while investing savings at institutions that offer better returns, the good times are over. It used to be that you could get a free ride off of the irresponsibility of other bank customers, but once again the person that is responsible and takes the time to understand their options comes out on the worse end of government actions.

    • Outlaw one fee and banks will come up with another to replace it? Sounds like a reasonable theory. The difference is that a per-check or per-card-swipe card would be disclosed and transparent, whereas banks did everything possible to manipulate customers’ accounts to trigger overdrafts and did so with deceptively malicious intent. That’s why you see banks like BofA forking over $410 million in overdraft lawsuits, but you’ve never see a “minimum balance” lawsuit.

      Don’t confuse regulating overdrafts with regulating banks’ income. Yes, they are entitled to make money, just not surreptitiously.

    • This govt has the banks in a stranglehold. The govt’s goal is not better products for consumers, it is to squeeze all the operating profit out of the banks. That sets up the path to bank nationalization. Given how weak BAC and C are, it may happen sooner than you might think…

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MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

New York Markets Close in:

need to know
Time Warner beats estimates, raises dividend
Carlyle Group swings to loss, plans buyback
BP CEO: Oil to start rebalancing in late 2016
Deutsche Bank rallies on debt buyback report
European stocks snap 7-day losing streak
Oil hovers above $28 | Dollar falls vs. yen
SolarCity shares plunge on soft forecast
What to expect from Whole Foods earnings

A break for zombie-fighting Amazon developers

REIT bonus targets at heart of Brixmor scandal

Burberry sues, says J.C. Penney copied its designs
Hermès sales up 15% on euro, Asian demand

Feds have removed a roadblock to driverless cars

The Twitter signal that’s giving investors hope
Tech money makers can’t make up for losers
Facebook, Amazon are the keys to this market

Recipe for less boring Oscar acceptance speeches
Is James Bond’s Pinewood Studios for sale?

Why is everyone freaking out about ‘CoCos’?
Convertible bonds are alluring as stocks fall

If you’re bullish on oil, Chevron and Exxon are buys here
If you’re bullish on oil, these stocks are buys

Social Security in the crosshairs: replacement rates again
Stage is being set for cuts to Social Security

Tricky tax issues you should know about this year

Supreme Court halts Obama’s emissions plan
White House forecasts best growth in years
Obama proposes $4.1 trillion federal budget

Portland Trail Blazers guards Damian Lillard and C.J. McCollum live with ... mom
Meet the NBA stars who live with their mothers

Why you should consider retiring abroad
The best places to retire abroad — with friends
Finding the best places to retire abroad
Expat retirees: how life has turned out

The sad truth of why retirement
is a myth


Is it wise to hold onto cash reserves?

Strategists argue stocks need a true purge

IRS says identity thieves breached its systems
How to know if your tax preparer is a crook
Tax software firm warns of data breach
White House's lesson about online security

The 6 Most Shorted NYSE Stocks: Short Sellers Pile on Alcoa, Freeport-McMoRan Again
Short sellers pile on Alcoa, Freeport-McMoRan
24/7 Wall St.: Short sellers retreat from Nasdaq

Tesla earnings: Model 3 spending, Model X sales in focus
Tesla earnings: Model 3 spending, Model X

Cheap oil may make OPEC dominant again
Existential threat to Russians and Saudis: Lynn

Will oil get so cheap, it won’t pay to extract it?


/conga/frontpage.html 367587

Markets »

47.91MDow Volume:
Avg Vol: 130.29M
Unchanged
181
Decliners
1924
Advancers
4165
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,041 +27 0.17%
Nasdaq
/quotes/zigman/12633936/realtime 4,327 +59 1.37%
S&P 500
/quotes/zigman/3870025/realtime 1,867 +14 0.78%
GlobalDow
/quotes/zigman/629063/realtime 2,091 +7 0.32%
Gold
/quotes/zigman/33772884/delayed 1,194 -5 0.38%
Oil
/quotes/zigman/2260836/delayed 27.58 -0.36 1.29%
FTSE 100
/quotes/zigman/3173262/delayed 5,672 +40 0.71%
DAX
/quotes/zigman/2380246/delayed 9,017 +138 1.55%
CAC 40
/quotes/zigman/3173214/delayed 4,061 +64 1.59%
FTSE MIB
/quotes/zigman/1482176/delayed 16,714 +801 5.03%
IBEX 35
/quotes/zigman/2759620/delayed 8,144 +216 2.73%
Stoxx 600
/quotes/zigman/2380150/delayed 315 +6 1.87%
Asia Dow
/quotes/zigman/6959860/realtime 2,459 -12 0.48%
Nikkei 225
/quotes/zigman/5986735/delayed 15,713 -372 2.31%
Hang Seng
/quotes/zigman/2622475/delayed 19,288 +105 0.55%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 23,759 -262 1.09%
Singapore
/quotes/zigman/1709939/delayed 2,582 -41 1.57%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 -0.01 0.66%
Yen
/quotes/zigman/16008150/realtime/sampled 114.11 -1.01 0.87%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 0.00 0.00%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 +0.00 0.24%
DXY Index
/quotes/zigman/1652083/delayed 96.24 +0.18 0.19%
WSJ $ Idx
/quotes/zigman/41508961/realtime 89.27 -0.01 0.01%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.73 +0.00 0.19%
German 10y
/quotes/zigman/15866409/realtime 0.24 +0.00 2.10%
Italy 10yr
/quotes/zigman/15866497/realtime 1.64 -0.04 2.37%
Spain 10yr
/quotes/zigman/15866444/realtime 1.72 -0.06 3.62%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.42 +0.00 0.06%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 +0.04 165.64%
Crude Oil
/quotes/zigman/2260836/delayed 28 0 1.29%
Gold
/quotes/zigman/33772884/delayed 1,194 -5 0.38%
Corn
/quotes/zigman/25518691/delayed 360 -1 0.28%
DJIA F
/quotes/zigman/48241424/delayed 15,971 +12 0.08%
S&P F
/quotes/zigman/43106711/delayed 1,854 +6 0.31%
Silver
/quotes/zigman/32655632/delayed 15 0 1.32%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 102.48 2.94 2.95%
AAPL /quotes/zigman/68270/composite 95.29 0.30 0.32%
GOOG /quotes/zigman/59527964/composite 691.50 13.39 1.97%
BAC /quotes/zigman/190927/composite 12.19 -0.0060 -0.05%
C /quotes/zigman/5065548/composite 37.87 0.36 0.96%
F /quotes/zigman/264304/composite 11.42 0.07 0.57%
T /quotes/zigman/398198/composite 36.48 -0.17 -0.46%
BP /quotes/zigman/247026/composite 28.26 -0.09 -0.33%
GE /quotes/zigman/227468/composite 28.56 0.28 0.97%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.26% 15.26% 15.27%
Reward 15.28% 15.28% 15.14%
Instant Approval 18.21% 18.21% 18.00%
Bad Credit 22.88% 22.88% 22.73%
Source:CreditCards.com

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