Wall Street’s rally since mid-March has been strong enough to persuade many Americans to stop selling their stock mutual funds and start buying again. But even as money has begun to flow back into stock funds, that new investment has been dwarfed by the dollars pouring into bond mutual funds this [ Read More → ]

Women are increasingly choosing to exercise at home to save money on expensive gym membership, new research from Sheila’s Wheels has discovered. Computer consoles such as Nintendo’s Wii Fit – costing around £200 – are now seen as cheaper and more convenient than a trip to the gym, which costs [ Read More → ]

American consumers have fallen victim to one financial scandal after another in the past decade, from accounting fraud at Enron to illegal late trading by mutual funds to the subprime mortgage meltdown. President Obama hopes to put the brakes on that trend with a series of regulatory reforms his administration says [ Read More → ]

Regulators should consider requiring money market mutual funds to float their share prices rather than maintain the constant $1-a-share value that has made the industry a popular haven for investors’ cash, the Obama administration says. The idea is mentioned in the wide-ranging plan released this week by President Obama to [ Read More → ]

Have you ever arrived at the office a little whiffy after a run for the bus, worn a vest top to show off a new tattoo, or skipped wearing underwear to keep you skirt looking seamless? Well for some workers, such behaviour will now cost them their jobs. In Brooksville, Florida, [ Read More → ]

WASHINGTON—Car shoppers could take advantage of government incentives worth up to $4,500 this summer to send their old gas guzzler to the scrap heap in favor of a more fuel-efficient new vehicle. President Barack Obama is expected to sign into law the “cash for clunkers” program, which was approved by the [ Read More → ]

It’s a good time to be a renter in and around Boston. Apartment vacancy rates in the metro area are climbing to new highs, pushing down rents after nearly a decade of increases. The shift is tilting the balance of power, and now landlords are chasing after prospective renters, showering them [ Read More → ]

I got a letter this week from a debt-collection agency, claiming that I owe a cable and Internet company $40. The letter also claimed it was the third time the agency had contacted me. Neither is true - if anything, the cable company owes me money after the five [ Read More → ]

Up to 8 out of every 10 successful mortgage applications made to HBOS before the credit crunch were approved without proof of income, Michael Bolton has revealed in an interview with financial paper Money Marketing. The former HBOS mortgage chief told the paper that: “HBOS had five brands, all offering products without [ Read More → ]

Deputy mayor Ian Clement is facing disciplinary action for Boris Johnson after it was revealed that he broke the rules by using a City Hall credit card to fund ‘private expenditure’. According to the Greater London Authority, City Hall credit cards are issued to “facilitate the purchasing of goods and services [ Read More → ]