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Volatility is driving foreign buyers to Treasurys
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When do markets close for Labor Day?
ISM services index slows, but tops forecast
Jobless claims rise to two-month high
U.S. trade deficit shrinks 7.4% to $41.9 billion
L.L. Bean longtime CEO Leon Gorman dies
Treasury's Lew irked by China's FX move
Kentucky clerk jailed over marriage licenses

Why the Fed should worry about deflationary forces
No rate hike at September meeting
Moody’s Zandi: Payrolls figure holds rate key

Dovish Draghi signals ECB willing to do more QE

Immigration to Germany hits highest mark since 1992

Chaos at Budapest train station as migrants rush trains
Budapest and Europe face a migrant crisis
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Father of drowned Syrian boy describes voyage

Watch China’s    90-minute parade in 60 seconds
Xi talks peace, but China parade flexes power
China markets close for war anniversary

What it’s like to play with a ‘smart’ tennis racket

Tom Brady’s ‘Deflategate’ suspension overturned
The real Deflategate verdict? NFL’s in trouble

Blame Marissa Mayer for maternity-leave shrink

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They tangled with student debt all summer
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Investment risk has changed, so this must change too

The search for 1,000 angels to help women startups

43% of U.S. homes are at high risk of natural disaster

Why the U.K. Hugo Chavez will be good for its economy

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Apple’s biggest challenge: Topping the iPhone 6
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What to expect from the Apple event on Sept. 9

/conga/frontpage.html 354091

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62.04MDow Volume:
Avg Vol: 113.01M
Unchanged
186
Decliners
2229
Advancers
4085
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
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  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
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Dow
/quotes/zigman/627449/realtime 16,411 +60 0.37%
Nasdaq
/quotes/zigman/12633936/realtime 4,754 +4 0.08%
S&P 500
/quotes/zigman/3870025/realtime 1,957 +8 0.40%
GlobalDow
/quotes/zigman/629063/realtime 2,329 +16 0.68%
Gold
/quotes/zigman/662444/delayed 1,125 -9 0.79%
Oil
/quotes/zigman/2331095/delayed 46.25 0.00 0.00%
FTSE 100
/quotes/zigman/3173262/delayed 6,194 +111 1.82%
DAX
/quotes/zigman/2380246/delayed 10,318 +270 2.68%
CAC 40
/quotes/zigman/3173214/delayed 4,654 +99 2.17%
FTSE MIB
/quotes/zigman/1482176/delayed 22,177 +565 2.62%
IBEX 35
/quotes/zigman/2759620/delayed 10,042 +104 1.05%
Stoxx 600
/quotes/zigman/2380150/delayed 362 +8 2.37%
Asia Dow
/quotes/zigman/6959860/realtime 2,713 +9 0.34%
Nikkei 225
/quotes/zigman/5986735/delayed 18,182 +87 0.48%
Hang Seng
/quotes/zigman/2622475/delayed 20,935 -250 1.18%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,765 +311 1.22%
Singapore
/quotes/zigman/1709939/delayed 2,906 +28 0.98%
Euro
/quotes/zigman/16008136/realtime/sampled 1.11 -0.01 0.95%
Yen
/quotes/zigman/16008150/realtime/sampled 120.04 -0.29 0.24%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 0.00 0.25%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.26%
DXY Index
/quotes/zigman/1652083/delayed 96.36 +0.37 0.39%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.83 +0.27 0.31%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.17 -0.01 0.65%
German 10y
/quotes/zigman/15866409/realtime 0.73 -0.06 7.14%
Italy 10yr
/quotes/zigman/15866497/realtime 1.92 -0.07 3.70%
Spain 10yr
/quotes/zigman/15866444/realtime 2.11 -0.04 1.85%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.80 -0.02 0.97%
Japan 10yr
/quotes/zigman/15866525/realtime 0.40 +0.00 0.13%
Crude Oil
/quotes/zigman/2331095/delayed 46 0 0.00%
Gold
/quotes/zigman/662444/delayed 1,125 -9 0.79%
Corn
/quotes/zigman/7599553/delayed 362 -6 1.63%
DJIA F
/quotes/zigman/38649152/delayed 16,388 +58 0.36%
S&P F
/quotes/zigman/30356461/delayed 1,954 +7 0.35%
Silver
/quotes/zigman/3134148/delayed 15 +0 0.05%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 88.49 -1.40 -1.56%
AAPL /quotes/zigman/68270/composite 111.04 -1.30 -1.16%
GOOG /quotes/zigman/30194416/composite 607.40 -6.94 -1.13%
BAC /quotes/zigman/190927/composite 15.97 0.12 0.76%
C /quotes/zigman/5065548/composite 51.92 0.17 0.32%
F /quotes/zigman/264304/composite 13.85 -0.02 -0.14%
T /quotes/zigman/398198/composite 33.13 0.31 0.94%
BP /quotes/zigman/247026/composite 32.48 0.28 0.87%
GE /quotes/zigman/227468/composite 24.58 0.01 0.06%
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
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 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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Encore
A blog about living in and planning for retirement

States Try the Retirement-Plan Business

It’s a major fiscal problem: More than 50% of working-age Americans have no retirement plan coverage at work. For years, policy makers have been searching for ways to address the problem by enticing small businesses to offer their employees 401(k)-style retirement plans.

Now, legislators in a few states are taking a different tack, backing new initiatives that would shift the responsibility for setting up the retirement plan – and picking investment options – to the government.

On Sept. 30, California Governor Jerry Brown signed a measure that would require private-sector companies with five or more employees that do not currently offer a retirement plan to automatically deduct contributions from employees’ paychecks and funnel them into an IRA. Called the California Secure Choice Retirement Savings Trust, the program “is aimed at the 6.3 million Californians, mostly lower and middle-income workers, who have no access to a retirement plan at work,” says a press release issued by California state Senator Kevin De Leon (D-Los Angeles), one of the measure’s co-sponsors.

California companies that don’t currently offer a tax-deferred retirement-savings plan would channel employee contributions to these accounts through direct payroll deposits. Employers would automatically enroll employees, who would be free to opt out. At 3%, the savings rate for those auto-enrolled “would create a modest supplement” to Social Security, says Greg Hayes, communications director for De Leon.

The state would choose a professional money manager to invest the funds in a conservative investment whose return would be guaranteed at no risk to the state. (The investment manager would be required to purchase insurance to protect against investment losses). Administrative fees would be capped at 1% of assets, says Mr. Hayes.

The program has several hurdles to clear before it can operate. Most significantly, the Internal Revenue Service will need to allow contributions to be made on a pre-tax basis. Also needed: a ruling from the Department of Labor that the program would not be subject to the federal Employee Retirement Income Security Act, or ERISA. Because ERISA subjects employers to fiduciary responsibility with regard to retirement plans, the state would effectively be prohibited from implementing the program if it were covered by the act, according to the bill’s supporters.

“It’s going to be interesting to see what the DOL does,” says David John, a senior research fellow at the Heritage Foundation, who, along with Mark Iwry of the Treasury Department conceived of a similar proposal, the so-called “automatic IRA.” Because the California program seeks to guarantee returns, “they are in a gray area” with regard to ERISA, he adds.

Numerous other states, including Illinois, Rhode Island and Massachusetts, are considering or have passed similar measures. (Massachusetts currently oversees a retirement savings program for nonprofits with fewer than 20 employees.) For more on how to encourage more 401(k)-style savings, see “How to Fix 401(k)s.”

 

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About Encore

  • Encore examines the changing nature of retirement, from new rules and guidelines for financial security to the shifting identities and priorities of today’s retirees. The blog also explores news that affects retirement, from the Wall Street Journal Digital Network and around the web. Lead bloggers are reporter Catey Hill and senior editor Jeremy Olshan. Other contributors include The Wall Street Journal’s retirement columnists Glenn Ruffenach and Anne Tergesen; the Director for the Center for Retirement Research at Boston College, Alicia Munnell; and the Director of Research for Pinnacle Advisory Group, Michael Kitces, CFP.

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

New York Markets Close in:

Volatility is driving foreign buyers to Treasurys
need to know
When do markets close for Labor Day?
ISM services index slows, but tops forecast
Jobless claims rise to two-month high
U.S. trade deficit shrinks 7.4% to $41.9 billion
L.L. Bean longtime CEO Leon Gorman dies
Treasury's Lew irked by China's FX move
Kentucky clerk jailed over marriage licenses

Why the Fed should worry about deflationary forces
No rate hike at September meeting
Moody’s Zandi: Payrolls figure holds rate key

Dovish Draghi signals ECB willing to do more QE

Immigration to Germany hits highest mark since 1992

Chaos at Budapest train station as migrants rush trains
Budapest and Europe face a migrant crisis
Syrian refugees reach Norway — via the Arctic
Father of drowned Syrian boy describes voyage

Watch China’s    90-minute parade in 60 seconds
Xi talks peace, but China parade flexes power
China markets close for war anniversary

What it’s like to play with a ‘smart’ tennis racket

Tom Brady’s ‘Deflategate’ suspension overturned
The real Deflategate verdict? NFL’s in trouble

Blame Marissa Mayer for maternity-leave shrink

Karl Lagerfeld is coming to a store near you

These are the college majors that are dying

They tangled with student debt all summer
College help for low-income families

Investment risk has changed, so this must change too

The search for 1,000 angels to help women startups

43% of U.S. homes are at high risk of natural disaster

Why the U.K. Hugo Chavez will be good for its economy

Why India is worth a look if you’re cooling on China

Apple’s biggest challenge: Topping the iPhone 6
Apple set to join content contest
What to expect from the Apple event on Sept. 9

/conga/frontpage.html 354091

Markets »

62.04MDow Volume:
Avg Vol: 113.01M
Unchanged
186
Decliners
2229
Advancers
4085
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 16,411 +60 0.37%
Nasdaq
/quotes/zigman/12633936/realtime 4,754 +4 0.08%
S&P 500
/quotes/zigman/3870025/realtime 1,957 +8 0.40%
GlobalDow
/quotes/zigman/629063/realtime 2,329 +16 0.68%
Gold
/quotes/zigman/662444/delayed 1,125 -9 0.79%
Oil
/quotes/zigman/2331095/delayed 46.25 0.00 0.00%
FTSE 100
/quotes/zigman/3173262/delayed 6,194 +111 1.82%
DAX
/quotes/zigman/2380246/delayed 10,318 +270 2.68%
CAC 40
/quotes/zigman/3173214/delayed 4,654 +99 2.17%
FTSE MIB
/quotes/zigman/1482176/delayed 22,177 +565 2.62%
IBEX 35
/quotes/zigman/2759620/delayed 10,042 +104 1.05%
Stoxx 600
/quotes/zigman/2380150/delayed 362 +8 2.37%
Asia Dow
/quotes/zigman/6959860/realtime 2,713 +9 0.34%
Nikkei 225
/quotes/zigman/5986735/delayed 18,182 +87 0.48%
Hang Seng
/quotes/zigman/2622475/delayed 20,935 -250 1.18%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,765 +311 1.22%
Singapore
/quotes/zigman/1709939/delayed 2,906 +28 0.98%
Euro
/quotes/zigman/16008136/realtime/sampled 1.11 -0.01 0.95%
Yen
/quotes/zigman/16008150/realtime/sampled 120.04 -0.29 0.24%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 0.00 0.25%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.26%
DXY Index
/quotes/zigman/1652083/delayed 96.36 +0.37 0.39%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.83 +0.27 0.31%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.17 -0.01 0.65%
German 10y
/quotes/zigman/15866409/realtime 0.73 -0.06 7.14%
Italy 10yr
/quotes/zigman/15866497/realtime 1.92 -0.07 3.70%
Spain 10yr
/quotes/zigman/15866444/realtime 2.11 -0.04 1.85%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.80 -0.02 0.97%
Japan 10yr
/quotes/zigman/15866525/realtime 0.40 +0.00 0.13%
Crude Oil
/quotes/zigman/2331095/delayed 46 0 0.00%
Gold
/quotes/zigman/662444/delayed 1,125 -9 0.79%
Corn
/quotes/zigman/7599553/delayed 362 -6 1.63%
DJIA F
/quotes/zigman/38649152/delayed 16,388 +58 0.36%
S&P F
/quotes/zigman/30356461/delayed 1,954 +7 0.35%
Silver
/quotes/zigman/3134148/delayed 15 +0 0.05%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 88.49 -1.40 -1.56%
AAPL /quotes/zigman/68270/composite 111.04 -1.30 -1.16%
GOOG /quotes/zigman/30194416/composite 607.40 -6.94 -1.13%
BAC /quotes/zigman/190927/composite 15.97 0.12 0.76%
C /quotes/zigman/5065548/composite 51.92 0.17 0.32%
F /quotes/zigman/264304/composite 13.85 -0.02 -0.14%
T /quotes/zigman/398198/composite 33.13 0.31 0.94%
BP /quotes/zigman/247026/composite 32.48 0.28 0.87%
GE /quotes/zigman/227468/composite 24.58 0.01 0.06%
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
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 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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