Personal Finance

Your Money in the News

Fischer Praises Economy, Straddles FOMC Liftoff Date Camps

Federal Reserve Vice Chairman Stanley Fischer left open the option of an interest-rate increase next month, walking a line between officials who want to delay due to market turmoil and those who say the economy is strong enough to handle a move.

Markets

Asian Stock Losses Seep Into September as China Boosts Yen, Gold

Asian stocks showed no sign of shaking off last month’s worst selloff since 2012, sinking with U.S. index futures amid concern over the effect of China’s slowdown on the world economy. The yen rallied with gold, while oil pulled back after entering a bull market.

Alibaba Investors Backpedal as China Slowdown Saps Sales Growth

The rush that drove Alibaba Group Holding Ltd. to a record U.S. initial public offering has turned into a retreat a year later as the Chinese online retailer is beset by the slowest economic growth in 25 years and a domestic stock selloff that has shaken global investor confidence.

Retirement

How to Find -- and Afford -- Your Second Act

Stat

$5.7 billion

The Internal Revenue Service collected about that much in 2011 from penalties for early withdrawals from 401(k) retirement savings accounts

While Many Panicked, Japanese Day Trader Made $34 Million

While a lot of investors were hitting the panic button Monday, a Japanese day trader who’d made a big bet against the market timed the bottom almost perfectly and narrated a play-by-play of the trade to his 40,000 Twitter followers. He claims to have walked away with $34 million.

Videos: In The Money

The Euro Is the New Yen

Bloomberg's Zeb Eckert reports on the latest stories moving the FX markets on "First Up." (Source: Bloomberg)