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Apple CEO Cook’s deleted Super Bowl tweet
Google CEO Pichai gets $199 million in stock
How to get a free Chipotle burrito
What to expect from Whole Foods earnings
Sears warns on sales, to speed up closures

U.S. ECONOMY
Wholesale inventories fall for third month in row
NFIB survey hints wage gains are fleeting
Job openings are second highest on record

Can oil get so cheap that it won’t pay to extract it?
Oil sinks under $29 as EIA lowers price outlook
Barron’s Buzz: How low can the price of oil go?

99 Cent Gas May Be on Its Way
99-cents-a-gallon gas may be on its way: 24/7 Wall St.

Is the gold rally the real deal or ‘fool’s gold’?
Teen can keep $20,000 gold bar found in lake
Gold one of Wall Street’s best bets early in 2016
Gold futures stretch win streak to five sessions

Why is everyone freaking out about ‘CoCos’?
Convertible bonds are alluring as stocks fall
 
Deutsche Bank co-CEO says bank is ‘rock solid’
Deutsche may buy back billions in debt: FT
Why the selloff in European banks is ominous

This stock market has been Europe’s best in 2016

Market strategists are coming to believe the main things stocks need right now is an investor purge.
Strategists are arguing that stocks need a true purge

These charts detail S&P 500’s precarious posture
Michael Brush: Stock-market stars are aligned
Double-digit market decline in an election year?

White House forecasts decade-best economic growth
Obama proposes $4.1 trillion federal budget

Five questions that Janet Yellen must answer
Yellen may say goal is not to slow the economy
Fed: Too white, too male, too many bankers?
Expansion won’t die of old age: S.F. Fed study

Record number of Americans give up citizenship

Facebook, Amazon are the keys to tapping this market
French regulator threatens to fine Facebook
India bans Facebook’s free Internet service


Europe’s battles: migrants, ‘Brexit’ and ECB
German output, exports drop in December
Roubini: Welcome to the New Abnormal


Hurdle on Yelp’s path toward $1 billion in revenue

This has been the No. 1 car in America for decades
How far can you get on $50 in gas?


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Markets »

83.95MDow Volume:
Avg Vol: 129.39M
Unchanged
165
Decliners
3611
Advancers
2658
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 16,133 +106 0.66%
Nasdaq
/quotes/zigman/12633936/realtime 4,318 +34 0.79%
S&P 500
/quotes/zigman/3870025/realtime 1,868 +14 0.78%
GlobalDow
/quotes/zigman/629063/realtime 2,091 -12 0.58%
Gold
/quotes/zigman/33772884/delayed 1,190 -8 0.63%
Oil
/quotes/zigman/2260836/delayed 28.33 -1.36 4.58%
FTSE 100
/quotes/zigman/3173262/delayed 5,632 -57 1.00%
DAX
/quotes/zigman/2380246/delayed 8,879 -100 1.11%
CAC 40
/quotes/zigman/3173214/delayed 3,998 -69 1.69%
FTSE MIB
/quotes/zigman/1482176/delayed 15,913 -528 3.21%
IBEX 35
/quotes/zigman/2759620/delayed 7,928 -195 2.39%
Stoxx 600
/quotes/zigman/2380150/delayed 309 -5 1.58%
Asia Dow
/quotes/zigman/6959860/realtime 2,471 -44 1.76%
Nikkei 225
/quotes/zigman/5986735/delayed 16,085 -919 5.40%
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 24,021 -266 1.10%
Singapore
/quotes/zigman/1709939/delayed 2,623 +65 2.53%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 +0.01 0.81%
Yen
/quotes/zigman/16008150/realtime/sampled 115.19 -0.66 0.57%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 +0.00 0.18%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.32%
DXY Index
/quotes/zigman/1652083/delayed 96.07 -0.61 0.63%
WSJ $ Idx
/quotes/zigman/41508961/realtime 89.34 -0.30 0.33%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.74 -0.01 0.69%
German 10y
/quotes/zigman/15866409/realtime 0.24 +0.02 8.00%
Italy 10yr
/quotes/zigman/15866497/realtime 1.69 -0.01 0.78%
Spain 10yr
/quotes/zigman/15866444/realtime 1.78 +0.03 1.43%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.41 0.00 0.07%
Japan 10yr
/quotes/zigman/15866525/realtime -0.02 -0.06 163.32%
Crude Oil
/quotes/zigman/2260836/delayed 28 -1 4.58%
Gold
/quotes/zigman/33772884/delayed 1,190 -8 0.63%
Corn
/quotes/zigman/25518691/delayed 361 -1 0.28%
DJIA F
/quotes/zigman/48241424/delayed 15,974 -14 0.09%
S&P F
/quotes/zigman/43106711/delayed 1,851 -1 0.07%
Silver
/quotes/zigman/32655632/delayed 15 0 1.01%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 100.93 1.18 1.18%
AAPL /quotes/zigman/68270/composite 95.88 0.87 0.92%
GOOG /quotes/zigman/59527964/composite 689.12 6.38 0.93%
BAC /quotes/zigman/190927/composite 12.36 0.09 0.70%
C /quotes/zigman/5065548/composite 38.02 0.21 0.56%
F /quotes/zigman/264304/composite 11.46 -0.13 -1.12%
T /quotes/zigman/398198/composite 36.79 -0.32 -0.86%
BP /quotes/zigman/247026/composite 29.26 -0.67 -2.22%
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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% 11.88% 11.62%
Business 13.12% 13.11% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.30% 14.12%
Airline 15.17% 15.16% 15.10%
Cash Back 15.26% 15.23% 15.27%
Reward 15.28% 15.25% 15.14%
Instant Approval 18.21% 18.18% 18.00%
Bad Credit 22.88% 22.88% 22.73%
Source:CreditCards.com

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Teens Don’t Trust Banks. Is That a Problem?

iStockphoto

American teens may be letting fear shape their financial decisions, a development researchers say could lead to a generation of adults who don’t open bank accounts or save for retirement. We’re not so sure.

High school students are overwhelmingly distrustful of banks, credit card issuers and other financial institutions, according to a survey released Thursday from the University of Arizona’s Take Charge America Institute, which creates financial literacy programs in partnership with non-profit credit counseling firm Take Charge America, and consulting firm The Financial Literacy Group. More than 70% said they believe businesses try to trick young people into spending more than they should, and 60% said they think credit card issuers entice people into taking on more debt than they can handle. A whopping 83% think banks are “mostly interested in getting my money through hidden fees.”

It’s not entirely surprising that teens have developed such attitudes. “If you’re in the teen years where you may first be awakening to the idea of financial concepts, you may have seen a lot of very ugly business during these formative years,” says Ruth Susswein, the deputy director of national priorities for Consumer Action, an advocacy group. The problem, says Dan Iannicola, Jr., chief executive of The Financial Literacy Group, is that the knowledge is secondhand, which coupled with students’ lack of financial know-how may have long-term effects on how they manage money.

“What’s the boundary between a healthy skepticism of those markets and a debilitating cynicism?” asks Michael Staten, the director of the Take Charge America Institute. OK, so teens probably aren’t going to revert to stuffing cash under the mattress, but they might opt for lesser-known — and riskier — banks to avoid those they perceive as fee-hungry, put off saving for retirement or avoid investing altogether. (In the survey, 75% said they think the stock market is “rigged” to favor the bankers.) “We want them to be fact-based, not fear-based,” says Iannicola.

But Iannicola and Staten do say that it’s a little early to judge the full impact of the survey results. The survey was conducted among teens enrolled in a financial literacy course before any material was taught, and those students will be polled again after completion. The questions were also phrased to be a provoking, with students asked to only to agree or disagree — which doesn’t mean they don’t have more nuanced opinions. After all, plenty of adults would also agree that credit cards entice you to spend beyond your means, but that doesn’t stop them from having four, on average.

In fact, having an awareness of all the tricky fees — or even just that financial institutions have their own agenda — could help students make smarter financial choices when it comes to picking a bank account or using credit cards. “I think it makes sense when you’re borrowing money and you’re new to this whole process that you go in with many questions and you get them answered before you take that step,” Susswein says. In 2009, the average college senior graduated with $4,100 in credit card debt, according to lender Sallie Mae. Although recent legislation has limited access to credit for those younger than age 21, and issuers’ ability to market to them on campus, it’s still all too easy for young adults to fall into debt. “If in fact majority of teens have healthy skepticism, then they may be on the right path,” she says.

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Comments (4 of 4)

View all Comments »
    • i think you are giving this coiiodmtmes permabull and conspiracy theorist too much credit.he’ll get mauled when the cycle shifts. guys like him are always yelling “gold $10,000″ right at the top. Actually, he got out of gold before the top in 1980 and argued that it would be in a 15 year bear market. He got back into the metals in the late 1990s and has been positive since. My problem with him is not about the secular trend. It is because he encourages far too much trading even though he knows that most people are not capable of controlling their emotions.

    • Yeah. Like it’s just the teens who don’t trust banks. Get real. No one who has an iq over 100 trusts banks.

    • Banks and the Ponzi-Scheme laughingly called an “economy” is the problem. That teens see through the Foma and smoke screen of the liars and banksters is a wonderful development…

    • “We want them to be fact-based, not fear-based.”

      Given the economic events of the last three years, I’d say their fears *are* fact-based.

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

New York Markets Close in:

need to know
Apple CEO Cook’s deleted Super Bowl tweet
Google CEO Pichai gets $199 million in stock
How to get a free Chipotle burrito
What to expect from Whole Foods earnings
Sears warns on sales, to speed up closures

U.S. ECONOMY
Wholesale inventories fall for third month in row
NFIB survey hints wage gains are fleeting
Job openings are second highest on record

Can oil get so cheap that it won’t pay to extract it?
Oil sinks under $29 as EIA lowers price outlook
Barron’s Buzz: How low can the price of oil go?

99 Cent Gas May Be on Its Way
99-cents-a-gallon gas may be on its way: 24/7 Wall St.

Is the gold rally the real deal or ‘fool’s gold’?
Teen can keep $20,000 gold bar found in lake
Gold one of Wall Street’s best bets early in 2016
Gold futures stretch win streak to five sessions

Why is everyone freaking out about ‘CoCos’?
Convertible bonds are alluring as stocks fall
 
Deutsche Bank co-CEO says bank is ‘rock solid’
Deutsche may buy back billions in debt: FT
Why the selloff in European banks is ominous

This stock market has been Europe’s best in 2016

Market strategists are coming to believe the main things stocks need right now is an investor purge.
Strategists are arguing that stocks need a true purge

These charts detail S&P 500’s precarious posture
Michael Brush: Stock-market stars are aligned
Double-digit market decline in an election year?

White House forecasts decade-best economic growth
Obama proposes $4.1 trillion federal budget

Five questions that Janet Yellen must answer
Yellen may say goal is not to slow the economy
Fed: Too white, too male, too many bankers?
Expansion won’t die of old age: S.F. Fed study

Record number of Americans give up citizenship

Facebook, Amazon are the keys to tapping this market
French regulator threatens to fine Facebook
India bans Facebook’s free Internet service


Europe’s battles: migrants, ‘Brexit’ and ECB
German output, exports drop in December
Roubini: Welcome to the New Abnormal


Hurdle on Yelp’s path toward $1 billion in revenue

This has been the No. 1 car in America for decades
How far can you get on $50 in gas?


/conga/frontpage.html 367473

Markets »

84.01MDow Volume:
Avg Vol: 129.39M
Unchanged
169
Decliners
3641
Advancers
2679
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 16,130 +103 0.64%
Nasdaq
/quotes/zigman/12633936/realtime 4,317 +33 0.77%
S&P 500
/quotes/zigman/3870025/realtime 1,868 +14 0.77%
GlobalDow
/quotes/zigman/629063/realtime 2,091 -13 0.60%
Gold
/quotes/zigman/33772884/delayed 1,190 -8 0.63%
Oil
/quotes/zigman/2260836/delayed 28.34 -1.35 4.55%
FTSE 100
/quotes/zigman/3173262/delayed 5,632 -57 1.00%
DAX
/quotes/zigman/2380246/delayed 8,879 -100 1.11%
CAC 40
/quotes/zigman/3173214/delayed 3,998 -69 1.69%
FTSE MIB
/quotes/zigman/1482176/delayed 15,913 -528 3.21%
IBEX 35
/quotes/zigman/2759620/delayed 7,928 -195 2.39%
Stoxx 600
/quotes/zigman/2380150/delayed 309 -5 1.58%
Asia Dow
/quotes/zigman/6959860/realtime 2,471 -44 1.76%
Nikkei 225
/quotes/zigman/5986735/delayed 16,085 -919 5.40%
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 24,021 -266 1.10%
Singapore
/quotes/zigman/1709939/delayed 2,623 +65 2.53%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 +0.01 0.83%
Yen
/quotes/zigman/16008150/realtime/sampled 115.17 -0.68 0.59%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 +0.00 0.18%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.31%
DXY Index
/quotes/zigman/1652083/delayed 96.08 -0.60 0.62%
WSJ $ Idx
/quotes/zigman/41508961/realtime 89.34 -0.30 0.33%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.74 -0.01 0.69%
German 10y
/quotes/zigman/15866409/realtime 0.24 +0.02 8.00%
Italy 10yr
/quotes/zigman/15866497/realtime 1.69 -0.01 0.78%
Spain 10yr
/quotes/zigman/15866444/realtime 1.78 +0.03 1.43%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.41 0.00 0.07%
Japan 10yr
/quotes/zigman/15866525/realtime -0.02 -0.06 163.32%
Crude Oil
/quotes/zigman/2260836/delayed 28 -1 4.55%
Gold
/quotes/zigman/33772884/delayed 1,190 -8 0.63%
Corn
/quotes/zigman/25518691/delayed 361 -1 0.28%
DJIA F
/quotes/zigman/48241424/delayed 15,984 -4 0.03%
S&P F
/quotes/zigman/43106711/delayed 1,852 0 0.01%
Silver
/quotes/zigman/32655632/delayed 15 0 1.01%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 100.94 1.19 1.19%
AAPL /quotes/zigman/68270/composite 95.80 0.79 0.83%
GOOG /quotes/zigman/59527964/composite 688.00 5.26 0.77%
BAC /quotes/zigman/190927/composite 12.35 0.08 0.62%
C /quotes/zigman/5065548/composite 37.94 0.13 0.34%
F /quotes/zigman/264304/composite 11.46 -0.14 -1.16%
T /quotes/zigman/398198/composite 36.77 -0.35 -0.93%
BP /quotes/zigman/247026/composite 29.21 -0.71 -2.37%
GE /quotes/zigman/227468/composite 28.50 0.33 1.15%
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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% 11.88% 11.62%
Business 13.12% 13.11% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.30% 14.12%
Airline 15.17% 15.16% 15.10%
Cash Back 15.26% 15.23% 15.27%
Reward 15.28% 15.25% 15.14%
Instant Approval 18.21% 18.18% 18.00%
Bad Credit 22.88% 22.88% 22.73%
Source:CreditCards.com

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