John Gittelsohn
Fidelity expands zero-fee lineup with two new index mutual funds
NEW YORK - Fidelity Investments said it will start two additional zero-expense-ratio mutual funds, stepping up its push to lure cost-conscious individual investors.
The Fidelity Zero...
Hedge-fund love affair is ending for U.S. pensions, endowments
About five years ago, Kentucky started investing some of its public-employee pension money with hedge funds. Sure, fees were high but the funds came...
Gross says banks ‘permanently damaged’ as credit expansion ends
LOS ANGELES - Financial companies will be hard-pressed to meet long-term growth expectations as decades of credit expansion come to an end and central-bank...
Millennials shifting to homeownership as rents in U.S. soar
BOSTON - Americans in their 20s and early 30s are getting a nudge toward homeownership a decade after sales peaked during the housing bubble....
Mortgage rates little changed after Fed plans to taper stimulus
LOS ANGELES – Mortgage rates in the U.S. were little changed as lenders absorbed news that the Federal Reserve plans to taper bond purchases...
Housing seen shrugging off rate rise as banks loosen
SAN FRANCISCO - Derrick Bulaich locked in a home- loan rate of 4.6 percent last week, prompted by a surge in borrowing costs as...
Housing crash fades as defaults decline to 2007 level
LOS ANGELES - Six years after the start of the foreclosure crisis, American homeowners are paying their mortgages like the housing crash never happened.
First-time...
Home prices rise in 88% of U.S. cities as market gains
BOSTON - Prices for single-family homes climbed in almost 88 percent of U.S. cities in the fourth quarter as the housing recovery broadened.
The median...
Mortgage delinquencies in U.S. rise for first time in year
LOS ANGELES - The U.S. mortgage delinquency rate increased for the first time in a year as slowing economic growth left more borrowers struggling...
Foreclosures to climb before bank deal helps U.S. housing market
WASHINGTON - The $25 billion settlement with banks over foreclosure abuses may result in a wave of home seizures, inflicting short-term pain on delinquent...
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