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FireEye earnings beat expectations
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Gold soars $50 to highest finish in a year
Crude-oil futures close near a 13-year low
U.S. stock-market plunge paced by financials
Treasury yields at lowest level since 2012

Boeing has long history of accounting probes
Boeing on course for record loss

Is this the week central banks lost market credibility?

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

Buy Twitter stock? Only if you trust Dorsey and company
Twitter message: Its critics were right
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U.S. cities with the most and least vacant housing
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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

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

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

FBI has closed in on Oregon refuge holdouts

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 367761

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
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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 2,047 -33 1.56%
Gold
/quotes/zigman/33772884/delayed 1,247 +52 4.39%
Oil
/quotes/zigman/2260836/delayed 27.30 -0.15 0.55%
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 2,436 -17 0.71%
Nikkei 225
/quotes/zigman/5986735/delayed 15,713 -372 2.31%
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 0.07%
Yen
/quotes/zigman/16008150/realtime/sampled 112.59 +0.16 0.14%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 +0.00 0.03%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 +0.00 0.25%
DXY Index
/quotes/zigman/1652083/delayed 95.61 -0.22 0.23%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.77 +0.01 0.01%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.66 -0.05 2.88%
German 10y
/quotes/zigman/15866409/realtime 0.19 -0.05 21.45%
Italy 10yr
/quotes/zigman/15866497/realtime 1.72 +0.07 4.42%
Spain 10yr
/quotes/zigman/15866444/realtime 1.77 +0.05 2.99%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.30 -0.11 7.92%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 0.00 0.00%
Crude Oil
/quotes/zigman/2260836/delayed 27 0 0.55%
Gold
/quotes/zigman/33772884/delayed 1,247 +52 4.39%
Corn
/quotes/zigman/25518691/delayed 361 +1 0.21%
DJIA F
/quotes/zigman/48241424/delayed 15,627 -239 1.51%
S&P F
/quotes/zigman/43106711/delayed 1,826 -21 1.15%
Silver
/quotes/zigman/32655632/delayed 16 +1 3.36%

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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The True Cost of Making the Olympics

———

Mama, don’t let your babies grow up to be Olympians.

It may not have the ring of the original Willie Nelson/Waylon Jennings song title, but it certainly applies – considering some of the financial back-stories at the London Olympics. Think about U.S. swimmer Ryan Lochte, whose divorced parents are facing the foreclosure of their Florida home. Or U.S. gymnast Gabby Douglas, whose mother filed for bankruptcy earlier this year. One of four children, Douglas all but acknowledged earlier this week how her budding Olympic career took an economic toll. “It was definitely hard on my mom, taking care of me and my siblings,” she told the New York Post.

Indeed, experts say raising an Olympian — or seeking Olympic glory on one’s own — is an extremely pricey proposition, especially when measured over the period of years it takes to get to and then compete at the games. At best, say athletes and others connected to the Olympics, it’s easily a six-figure “investment” – with no guarantee of a “return” (meaning a medal or an endorsement deal) – when factoring in the costs of equipment, coaching and travel.

Making the situation all the more difficult for U.S. athletes: there’s no direct federal support, as is the case in most other nations. Instead, top-tier competitors can only hope to receive small stipends – often as little as $400 a month — to cover expenses, with the money generally coming from the privately funded governing boards of their sports or through sponsorships. And those who are just starting their Olympic careers can’t even be guaranteed that level of assistance, so they often take on whatever low-wage jobs they can find or rely upon the Bank of Mom and Dad.

FABRICE COFFRINI/AFP/GettyImages)
US swimmer Michael Phelps at the finish of the men’s 200m individual medley final swimming event at the London 2012 Olympic Games on August 2, 2012 in London.

“Thank God my parents really liked me,” says former U.S. speed skater Eric Flaim, a two-time Olympic silver medalist who’s now a financial adviser with Ameriprise in Portsmouth, N.H. Flaim’s estimate of what his Olympic run cost over a decade-plus of training and active competing? At least $250,000.

Like many Olympians, Flaim describes plenty of tough times, when he and his parents faced having to pay for big-ticket items (say, a pair of custom-molded boots for $1,500) or ongoing expenses (private coaching could run up to five grand annually). To make ends meet, Flaim often worked in gyms, cleaning lockers after patrons departed. Even with a medal around his neck – he won his first at the 1988 winter games in Calgary — life didn’t become particularly easy. Flaim says in his best years as an athlete, he might have earned $75,000 from prizes, honorarium and sponsorships. “It was not million-dollar money,” he adds.

But at least he made money. Athletes who aren’t seen as strong medal contenders are less likely to receive significant support from their sponsors, let alone their sport’s governing board. And if they’re competing in a less-heralded sport, the problems are compounded. For Rick Hawn, a U.S. judo competitor at the 2004 Olympics in Athens who also tried out for the 2008 games, it all added up to a significant tab during his Olympic career. “My parents nearly went bankrupt. They put whatever they could into me and I’m the oldest of six kids,” says Hawn, who now competes on the Bellator mixed martial arts tournament circuit.

Given those horror stories, it’s perhaps no surprise that lawmakers have recently started to talk about tax relief for Olympic athletes – or at least for those athletes who are fortunate enough to win medals. (The honors come with cash prizes awarded by the United States Olympic Committee: $25,000 for gold, $15,000 for silver and $10,000 for bronze.)

But this is hardly enough to make a real difference when it comes to the personal finances of Olympic athletes, most competitors and Olympic observers say. And it certainly doesn’t compensate for what some see as the biggest hidden cost of all faced by members of Team USA: the years spent not earning a true wage. Typically, Olympians don’t get a start on a real professional career until their late 20s or early 30s, says Scott Minto, director of the sports business MBA program at San Diego State University. “It’s a lost opportunity for a talented person,” he says.

Comments

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Comments (5 of 11)

View all Comments »
    • Am up coming in music and I well love to know
      And to b a star and to eve money so mesh and am from africa nigeria in delta state sapele and I well love to b a super stay

    • If you want to do anything in life its going to cost. The bigger the dream the higher the price. Risk and reward. I’m Tigers wood.

    • Don’t forget the USA men’s Olympic curling team who all live in the same tiny one bedroom apartment gettin by eating McDonald’s and raising funds by throwing keg parties charging $4 per cup.

    • If you want to see hardworkers truly struggle, come to st. Louis!
      AND we don’t love what we do for a living! You do what you have to do!

    • How about the TV networks, which are making millions of dollars off these athletes, contribute some of their profits? Same goes for college football and other “amateur” sports. Rich people get richer while the kids who are providing the entertainment are getting screwed.

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

New York Markets After Hours

need to know
FireEye earnings beat expectations
AIG swings to fourth-quarter operating loss
Groupon shares rally 12% on earnings beat
Pandora posts wider loss, misses targets
CBS shares tick lower after hours
Gold soars $50 to highest finish in a year
Crude-oil futures close near a 13-year low
U.S. stock-market plunge paced by financials
Treasury yields at lowest level since 2012

Boeing has long history of accounting probes
Boeing on course for record loss

Is this the week central banks lost market credibility?

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

Buy Twitter stock? Only if you trust Dorsey and company
Twitter message: Its critics were right
Twitter adds new timeline feature
Jeff Reeves: Is Twitter’s worst really over?

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

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

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

FBI has closed in on Oregon refuge holdouts

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 367761

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 2,047 -33 1.56%
Gold
/quotes/zigman/33772884/delayed 1,247 +52 4.39%
Oil
/quotes/zigman/2260836/delayed 27.30 -0.15 0.55%
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 2,436 -17 0.71%
Nikkei 225
/quotes/zigman/5986735/delayed 15,713 -372 2.31%
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 0.07%
Yen
/quotes/zigman/16008150/realtime/sampled 112.58 +0.15 0.14%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 +0.00 0.04%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 +0.00 0.25%
DXY Index
/quotes/zigman/1652083/delayed 95.62 -0.21 0.22%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.77 +0.01 0.01%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.66 -0.05 2.88%
German 10y
/quotes/zigman/15866409/realtime 0.19 -0.05 21.45%
Italy 10yr
/quotes/zigman/15866497/realtime 1.72 +0.07 4.42%
Spain 10yr
/quotes/zigman/15866444/realtime 1.77 +0.05 2.99%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.30 -0.11 7.92%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 0.00 0.00%
Crude Oil
/quotes/zigman/2260836/delayed 27 0 0.55%
Gold
/quotes/zigman/33772884/delayed 1,247 +52 4.39%
Corn
/quotes/zigman/25518691/delayed 361 +1 0.21%
DJIA F
/quotes/zigman/48241424/delayed 15,627 -239 1.51%
S&P F
/quotes/zigman/43106711/delayed 1,826 -21 1.15%
Silver
/quotes/zigman/32655632/delayed 16 +1 3.36%

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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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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