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Click to read - Junk Bonds: Everything You Need To Know - For many investors, the term "junk bond" evokes thoughts of investment scams and high-flying financiers of the 1980s, such as Ivan Boesky and Michael Milken, who were known as "junk-bond kings." But don't let the term fool you - if you own a bond fund, these worthless-sounding investments may have already found their way into your portfolio.
Click to read - Janet Yellen Will Be a Fed Chair for the Real, Everyday Economy - Janet Yellen, vice chairman of the Federal Reserve, was confirmed Monday by the Senate to succeed Chairman Ben Bernanke as the next head of America’s central bank. Her term, which begins Feb. 1, will mark an important shift in the direction of the bank’s policy efforts, as it begins to “taper” back the past five years of unconventional monetary policy, which have resulted in the Fed pouring some $3.8 trillion into the U.S. economy following the financial crisis.
Click to read - Coldest Day in 20 Years Threatens U.S. as Transport Hit - The frigid cold that set records across the Midwest, stopping trains and planes and driving up energy use, may deliver the coldest day across the U.S. in almost 20 years by a measure of heating demand.
