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Drug lord ‘El Chapo’ may be tried in New York
CEO Jamie Dimon's $26M bet on J.P. Morgan
Uber to pay riders millions to settle safety suits
Zillow reports wider loss, drop in unique visitors
Oregon standoff ends as last four surrender
U.S., Russia spar over Syrian cease-fire terms
Google expands EU right-to-be-forgotten rules
FireEye earnings beat expectations
U.S. stock-market plunge paced by financials

Boeing has long history of accounting probes
Boeing's stock plunge of historic proportions

Have central banks lost market credibility?

Google plans standalone VR headset

10 stocks leading the market’s decline Thursday
The stocks you need to fight off bear-market flu
Think like Warren Buffett — buy what’s ugly

Most popular new iOS emoji? Eye roll, please ...

One big Twitter question: Is the worst really over?
Buy Twitter? Only if you believe in management
Twitter message: Its critics were right

U.S. cities with the most and least vacant housing
  4 hidden hazards that lurk in your home
Location Scouts: Insider intel from top markets

Valeant’s M&A accounting cushions its income

Tesla predicts rosy 2016 —can Musk deliver?
Tesla reports loss, but says profit in sight
Tesla’s Model 3: 5 things we now know

Yellen in Senate: Stock swoon not Fed fault

Jobless claims data show no sign of a layoff spike

The greatest bull market of all time probably isn’t what you think it is
Greatest bull market ever likely isn’t what you think

Chuck Jaffe: It’s time for these trendy mutual funds and ETFs to put up or shut up
Time for trendy ETFs, funds to put up or shut up

Rio Tinto swings to loss, drops dividend policy
Total narrows loss on fewer write-downs
Glencore copper, zinc output falls on cutbacks


Jeb Bush says Trump would be worse than Obama

North Korea reportedly has executed top general

India set to outpace China in demand for oil
If you’re bullish on oil, these stocks are buys

Which of Europe’s Piigs might fly?
Which of Europe’s PIIGs might be set to fly?

The 10 toughest investment decisions

Bass issues warning on China’s foreign cash reserves
What’s holding back the world economy?
China's FX reserves drop $99.47 bln


Will falling oil prices bankrupt Saudis, Russians?
Cheap oil may make OPEC dominant again
As oil revenue drops, Gulf states ponder taxes
Will oil get so cheap, it won’t pay to extract it?

Hearing loss now hits 1 in 3 Americans over 65
Hearing loss now hits 1 of every 3 Americans over 65

REIT bonus targets at heart of Brixmor scandal

Even private-equity firms are buying back shares

Has the idea of college financial aid totally backfired?
Michael Moore: Imagine life without student debt
6 ways Obama would make college affordable


/conga/frontpage.html 367773

Markets »

172.07MDow Volume:
Avg Vol: 132.13M
Unchanged
147
Decliners
4753
Advancers
1612
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 15,660 -255 1.60%
Nasdaq
/quotes/zigman/12633936/realtime 4,267 -17 0.39%
S&P 500
/quotes/zigman/3870025/realtime 1,829 -23 1.23%
GlobalDow
/quotes/zigman/629063/realtime 2,039 -8 0.40%
Gold
/quotes/zigman/33772884/delayed 1,240 -8 0.61%
Oil
/quotes/zigman/2260836/delayed 27.56 +1.35 5.15%
FTSE 100
/quotes/zigman/3173262/delayed 5,537 -135 2.39%
DAX
/quotes/zigman/2380246/delayed 8,753 -264 2.93%
CAC 40
/quotes/zigman/3173214/delayed 3,897 -164 4.05%
FTSE MIB
/quotes/zigman/1482176/delayed 15,773 -941 5.63%
IBEX 35
/quotes/zigman/2759620/delayed 7,746 -397 4.88%
Stoxx 600
/quotes/zigman/2380150/delayed 304 -12 3.68%
Asia Dow
/quotes/zigman/6959860/realtime 2,419 -18 0.73%
Nikkei 225
/quotes/zigman/5986735/delayed 15,146 -567 3.61%
Hang Seng
/quotes/zigman/2622475/delayed 18,546 -742 3.85%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 22,952 -807 3.40%
Singapore
/quotes/zigman/1709939/delayed 2,538 -44 1.70%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 0.00 0.13%
Yen
/quotes/zigman/16008150/realtime/sampled 112.52 +0.10 0.09%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 0.00 0.06%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.03%
DXY Index
/quotes/zigman/1652083/delayed 95.60 0.00 0.00%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.84 +0.08 0.09%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.67 +0.01 0.46%
German 10y
/quotes/zigman/15866409/realtime 0.19 0.00 0.00%
Italy 10yr
/quotes/zigman/15866497/realtime 1.72 0.00 0.00%
Spain 10yr
/quotes/zigman/15866444/realtime 1.77 0.00 0.00%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.30 0.00 0.00%
Japan 10yr
/quotes/zigman/15866525/realtime 0.00 -0.01 83.45%
Crude Oil
/quotes/zigman/2260836/delayed 28 +1 5.15%
Gold
/quotes/zigman/33772884/delayed 1,240 -8 0.61%
Corn
/quotes/zigman/25518691/delayed 361 +1 0.21%
DJIA F
/quotes/zigman/48241424/delayed 15,662 +50 0.32%
S&P F
/quotes/zigman/43106711/delayed 1,832 +7 0.38%
Silver
/quotes/zigman/32655632/delayed 16 0 0.41%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 101.91 0.91 0.90%
AAPL /quotes/zigman/68270/composite 93.70 -0.57 -0.60%
GOOG /quotes/zigman/59527964/composite 683.11 -1.01 -0.15%
BAC /quotes/zigman/190927/composite 11.16 -0.82 -6.84%
C /quotes/zigman/5065548/composite 34.98 -2.43 -6.50%
F /quotes/zigman/264304/composite 11.17 -0.17 -1.50%
T /quotes/zigman/398198/composite 36.21 -0.22 -0.60%
BP /quotes/zigman/247026/composite 27.64 -0.40 -1.43%
GE /quotes/zigman/227468/composite 27.45 -0.85 -3.00%
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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 15.20% 15.26% 15.27%
Reward 15.25% 15.28% 15.14%
Instant Approval 18.02% 18.21% 18.00%
Bad Credit 22.56% 22.88% 22.73%
Source:CreditCards.com

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Another Reason to Stop Using Your Debit Card

In yet another example of how vulnerable our personal data really is, criminals have stolen customer debit card data from 90 PIN pads at Michaels arts-and-crafts stores across 20 states. But it also raises another question: Why are we still so attached to our debit cards? Why not cash or credit, both of which offer more protection than a debit card?

iStockphoto

If you report your lost debit card within two business days after you realize it’s missing, federal law places a $50 liability limit on debit card losses which is soaked up by the card issuer. But, if you don’t notice money is missing from your bank account within two business days, you may be liable for up to $500 and, if you don’t notice the theft of your card within 60 days, you may never be reimbursed.

Credit cards, on the other hand, limit a customer’s liability to $50 – even if a thief maxes out your credit limit. Card companies can do this because they place the responsibility on merchants to prevent fraud; if a stolen card is used, the card company simply doesn’t pay the merchant. Bad for merchants, but good for consumers. If you report the loss before it’s used, you pay nothing.

Cash, on the other hand, can get stolen and used with impunity. But there’s limited risk: All the thief can get is what’s in your wallet, and with limited exceptions, people don’t tend to carry more than they can afford to lose.

Of course, maybe that’s because they’re carrying a debit card, so who needs cash? The convenience is understandable, and consumers’ relatively new desire to minimize credit card debt is laudable. But the more we use our debit cards, the more common these kinds of thefts are likely to become. Is it worth it?

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 13)

View all Comments »
    • bonjour je pose une question aux gens qui sont rencammet acceptes l’entrevue, est- ce que je peux faire une demande d’immigration sans assurence?merci

    • I enjoy reading your cub reporters attemps at becoming journalists.

      The stories here are nothing more that attempts to make good bad and bad good. SNL writers to be!

    • Who are you people these articles use nothing but scare tatics to get a headline…there is no story here you are simply stating the obvious.

    • Having owned several small business, I can answer the question as to why businesses do not offer discounts for the use of cash – they can’t! It would be a violation of the credit card agreement that the business has signed with the credit card companies. In other words, for my businesses to accept VISA, MC and AMEX, I have agreed with them (through the signed merchant agreement) NOT to discount my prices by the use of cash only discounts. This type of language is standard in all merchant agreements. Violations would mean that they would take away your ability to accept credit cards.

    • 5:27 pm May 13, 2011
      Wondering wrote:
      .I use debit cards only at ATM machines. However, I would pay cash if I could get a discount, since the merchant is saving 2-3%. I use credit cards because I get some of that back in miles or other, smaller, benefits. It would be much more efficient for me and maybe better for the merchant also, if I could get cash discount. What is stopping merchants from offering such a discount?

      — What has prevented this in the past was the contract the card companies forced the retailers to sign, prohibiting retailers from giving a discount for cash if they wanted to be able to accept the cards. This has changed, though, thanks to the Obama administration’s consumer finance reform act passed last year. As of July 1, 2010, card companies cannot prohibit retailers from offering cash discounts.
      I do see some results of this in my area, particularly with gas stations that have two sets of prices, one for credit cards and one for cash.
      So speak to your favorite retailer and ask why they don’t do it too. (My guess is either, they still haven’t adjusted, or it’s too inconvenient to go back to handling a lot more cash.)

About Pay Dirt

  • Pay Dirt examines the millions of consumer decisions Americans make every day: What to buy, how much to pay, whether to rave or complain. Lead written by Quentin Fottrell, the blog examines these interactions, providing readers with news, insight and tips on shopping, spending, customer service, and companies that do right – and wrong – by their customers. Send items, questions and comments to quentin.fottrell@dowjones.com or tweet @SMPayDirt.

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

Tokyo Markets Close in:

need to know
Drug lord ‘El Chapo’ may be tried in New York
CEO Jamie Dimon's $26M bet on J.P. Morgan
Uber to pay riders millions to settle safety suits
Zillow reports wider loss, drop in unique visitors
Oregon standoff ends as last four surrender
U.S., Russia spar over Syrian cease-fire terms
Google expands EU right-to-be-forgotten rules
FireEye earnings beat expectations
U.S. stock-market plunge paced by financials

Boeing has long history of accounting probes
Boeing's stock plunge of historic proportions

Have central banks lost market credibility?

Google plans standalone VR headset

10 stocks leading the market’s decline Thursday
The stocks you need to fight off bear-market flu
Think like Warren Buffett — buy what’s ugly

Most popular new iOS emoji? Eye roll, please ...

One big Twitter question: Is the worst really over?
Buy Twitter? Only if you believe in management
Twitter message: Its critics were right

U.S. cities with the most and least vacant housing
  4 hidden hazards that lurk in your home
Location Scouts: Insider intel from top markets

Valeant’s M&A accounting cushions its income

Tesla predicts rosy 2016 —can Musk deliver?
Tesla reports loss, but says profit in sight
Tesla’s Model 3: 5 things we now know

Yellen in Senate: Stock swoon not Fed fault

Jobless claims data show no sign of a layoff spike

The greatest bull market of all time probably isn’t what you think it is
Greatest bull market ever likely isn’t what you think

Chuck Jaffe: It’s time for these trendy mutual funds and ETFs to put up or shut up
Time for trendy ETFs, funds to put up or shut up

Rio Tinto swings to loss, drops dividend policy
Total narrows loss on fewer write-downs
Glencore copper, zinc output falls on cutbacks


Jeb Bush says Trump would be worse than Obama

North Korea reportedly has executed top general

India set to outpace China in demand for oil
If you’re bullish on oil, these stocks are buys

Which of Europe’s Piigs might fly?
Which of Europe’s PIIGs might be set to fly?

The 10 toughest investment decisions

Bass issues warning on China’s foreign cash reserves
What’s holding back the world economy?
China's FX reserves drop $99.47 bln


Will falling oil prices bankrupt Saudis, Russians?
Cheap oil may make OPEC dominant again
As oil revenue drops, Gulf states ponder taxes
Will oil get so cheap, it won’t pay to extract it?

Hearing loss now hits 1 in 3 Americans over 65
Hearing loss now hits 1 of every 3 Americans over 65

REIT bonus targets at heart of Brixmor scandal

Even private-equity firms are buying back shares

Has the idea of college financial aid totally backfired?
Michael Moore: Imagine life without student debt
6 ways Obama would make college affordable


/conga/frontpage.html 367773

Markets »

172.07MDow Volume:
Avg Vol: 132.13M
Unchanged
147
Decliners
4753
Advancers
1612
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 15,660 -255 1.60%
Nasdaq
/quotes/zigman/12633936/realtime 4,267 -17 0.39%
S&P 500
/quotes/zigman/3870025/realtime 1,829 -23 1.23%
GlobalDow
/quotes/zigman/629063/realtime 2,039 -8 0.40%
Gold
/quotes/zigman/33772884/delayed 1,240 -8 0.61%
Oil
/quotes/zigman/2260836/delayed 27.58 +1.37 5.23%
FTSE 100
/quotes/zigman/3173262/delayed 5,537 -135 2.39%
DAX
/quotes/zigman/2380246/delayed 8,753 -264 2.93%
CAC 40
/quotes/zigman/3173214/delayed 3,897 -164 4.05%
FTSE MIB
/quotes/zigman/1482176/delayed 15,773 -941 5.63%
IBEX 35
/quotes/zigman/2759620/delayed 7,746 -397 4.88%
Stoxx 600
/quotes/zigman/2380150/delayed 304 -12 3.68%
Asia Dow
/quotes/zigman/6959860/realtime 2,419 -18 0.73%
Nikkei 225
/quotes/zigman/5986735/delayed 15,146 -567 3.61%
Hang Seng
/quotes/zigman/2622475/delayed 18,546 -742 3.85%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 22,952 -807 3.40%
Singapore
/quotes/zigman/1709939/delayed 2,538 -44 1.70%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 0.00 0.13%
Yen
/quotes/zigman/16008150/realtime/sampled 112.52 +0.10 0.09%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 0.00 0.06%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.03%
DXY Index
/quotes/zigman/1652083/delayed 95.60 0.00 0.00%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.84 +0.08 0.09%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.67 +0.01 0.46%
German 10y
/quotes/zigman/15866409/realtime 0.19 0.00 0.00%
Italy 10yr
/quotes/zigman/15866497/realtime 1.72 0.00 0.00%
Spain 10yr
/quotes/zigman/15866444/realtime 1.77 0.00 0.00%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.30 0.00 0.00%
Japan 10yr
/quotes/zigman/15866525/realtime 0.00 -0.01 83.45%
Crude Oil
/quotes/zigman/2260836/delayed 28 +1 5.23%
Gold
/quotes/zigman/33772884/delayed 1,240 -8 0.61%
Corn
/quotes/zigman/25518691/delayed 361 +1 0.21%
DJIA F
/quotes/zigman/48241424/delayed 15,662 +50 0.32%
S&P F
/quotes/zigman/43106711/delayed 1,832 +7 0.38%
Silver
/quotes/zigman/32655632/delayed 16 0 0.41%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 101.91 0.91 0.90%
AAPL /quotes/zigman/68270/composite 93.70 -0.57 -0.60%
GOOG /quotes/zigman/59527964/composite 683.11 -1.01 -0.15%
BAC /quotes/zigman/190927/composite 11.16 -0.82 -6.84%
C /quotes/zigman/5065548/composite 34.98 -2.43 -6.50%
F /quotes/zigman/264304/composite 11.17 -0.17 -1.50%
T /quotes/zigman/398198/composite 36.21 -0.22 -0.60%
BP /quotes/zigman/247026/composite 27.64 -0.40 -1.43%
GE /quotes/zigman/227468/composite 27.45 -0.85 -3.00%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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MarketWatch Portfolio

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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 15.20% 15.26% 15.27%
Reward 15.25% 15.28% 15.14%
Instant Approval 18.02% 18.21% 18.00%
Bad Credit 22.56% 22.88% 22.73%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/21587200/composite FEYE-0.48%
  • /quotes/zigman/110164/composite ATVI+1.23%
  • /quotes/zigman/413712/composite USO+0.41%
  • /quotes/zigman/35596893/composite CYBR+2.14%
  • /quotes/zigman/7212269/composite GRPN-0.44%
X
Powered by StockTwits
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

MarketWatch will continue to provide the same important news and information you rely on every day. And, as a MarketWatch user, you will be able to enjoy:

  • Personalized news and quote email alerts
  • Editorial e-newsletters about personal finance, mutual funds and market-specific coverage
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