NEW YORK (AP) — Total money market mutual fund assets fell by $6.22 billion to $2.827 trillion for the week, the Investment Company Institute said Thursday. Assets of the nation’s retail money market mutual funds fell by $470 million in the latest week to $966 billion. Assets of taxable money market funds [ Read More → ]

According to new research from Child Trust Fund provider, Family Investments, the monthly cost of being a student has risen 28% since 2004. Full time students now face total living costs of £718 up from £561 in 2004. If the cost of living continues to rise at current rates, those students [ Read More → ]

While Ottawa makes noises about boosting financial literacy, it’s curious that this country’s 289,000 financial advisors seldom talk about debt. The industry thinks it’s OK that 40% of Canadians now retire with some debt, with many going deeper into hock once they stop working. Little wonder that a thousand or [ Read More → ]

Testimony began this week in the politically charged, insider stock trading trial of Fort Lauderdale heart doctor and top Republican fundraiser Dr. Zachariah P. Zachariah. Zachariah, who has raised millions of dollars for the GOP, has been accused by the Securities and [ Read More → ]

Anna and Charlie Reynolds of St. George, Utah, were worried about losing their home to foreclosure last year. Then they got a lucky break—from an unlikely savior. Some investment funds are emerging as the best hope for millions of U.S. households, like the Reynolds, above, who were behind on [ Read More → ]

As The Telegraph has revealed over recent weeks, the level of charges really needs to be a factor when it comes to making an investment decision. Our exposé is backed up by new research just published in America on US funds. As we report elsewhere, a report by the leading [ Read More → ]

NEW YORK (AP) — Total money market mutual fund assets rose by $3.53 billion to $2.822 trillion for the week, the Investment Company Institute said Thursday. Assets of the nation’s retail money market mutual funds fell by $5.88 billion in the latest week to $971.44 billion. Assets of taxable money market funds [ Read More → ]

A state recovery fund designed to reimburse Floridians who were scammed by their contractors is bankrupt. Set up after Hurricane Andrew, the Florida Homeowners’ Construction Recovery Fund ran out of cash two years ago. The account is replenished with fees charged on building permit applications, but with construction statewide at a near [ Read More → ]

Halifax Reward current account customers, who are already eligible for £60 a year (£5 per month) in cash rewards when they fund their account with £1,000 each calendar month, can now earn up to £120 a year in rewards by applying for the new Halifax Clarity credit card, launched in [ Read More → ]

BOSTON (AP) — A new study reinforces time-tested advice for investors shopping for mutual funds: Look first for funds with low fees, then go from there. Fund expenses are a slightly more important factor in predicting how well a fund will perform than the one- to five-star system that uses [ Read More → ]