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View Article  Fred Harteis News Articles -Money strategies following Fed rate cuts

Fred Harteis News Articles - The Federal Reserve cut rates by half a percentage point. That's good news for consumers. We're here with top tips on the best money moves right now.

 

1: Borrow Wisely

Rate cuts are great for borrowers. And if you are thinking about refinancing, there's no better time than the present to start doing your homework. 30-year fixed mortgage rates are at their lowest level in two years.

 

Plus, if you live in a high cost area like California or New York, you ...   more »

View Article  Fred Harteis News Articles - Keep your finances in check

Fred Harteis News Articles - The stock market may be in turmoil, but that doesn't mean your personal finances have to be. But there are a lot of web sites out there designed to make your financial life easier.

 

Gerri Willis is here to sort out the best web sites to help you make the most of your money.

 

Retirement planning

Making sure you're saving enough for retirement isn't an easy task. But check out CNNMoney.com's retirement planner to ensure you're on track. Enter your income, your savings ...   more »

View Article  Fred Harteis News Articles - 2008 outlook: Credit and savings

Fred Harteis News Articles - As for "innovative" loans, like the no-documentation, no money down loans that made subprime mortgages such a phenomenon, well, you've probably seen the last of them for a while.

 

"The pendulum swung way too far to the side of easy credit," says Greg McBride of Bankrate.com, "and now it's swinging back."

 

So whether you're looking for a mortgage, a home-equity line of credit or even an auto loan, be prepared to jump through more hoops to prove your creditworthiness to lenders.

 

No ...   more »

View Article  Harteis Biznet Economic News- EBay sets up affiliate network, hurting ValueClick

Fred Harteis Economic News -  EBay Inc has set up its own affiliate network to encourage Web sites to drive traffic to its eBay and Half.com Web sites, reducing its reliance on ValueClick Inc's  network.

 

In a statement on Monday, eBay said the online auctioneer and Half.com will no longer run their affiliate programs through ValueClick's Commission Junction platform but instead rely on the San Jose, California-based company's own newly created eBay Partner Network.

 

Shares of ValueClick closed down 7.3 percent to $16.20 on Nasdaq after ...   more »

View Article  Fred Harteis News Articles - Recession-proof your life

Fred Harteis News Articles- A lot of you have questions on how to recession-proof your life.

 

Should I re-file for financial aid?

I am in the middle of the "perfect" storm. My savings in the stock market has dropped $100,000 and my house has dropped in value too. I filled out the FAFSA when my son entered college and got absolutely nothing. Now that my stocks have dropped and I have two kids in college. Should I still fill out the FAFSA again? What are middle-income parents to do? ...   more »

View Article  Fred Harteis News Articles- Stocks soar over 3 percent as Fed adds liquidity

Fred Harteis News Articles - Stocks rallied more than 3 percent on Tuesday, giving the S&P 500 its best advance since October 2002, after the Federal Reserve said it would add up to $200 billion to strained credit markets in a coordinated effort with other central banks.

 

The Dow and Nasdaq rang up their biggest daily percentage gains since March 2003. The Fed said it was expanding a lending program and will accept a broader base of securities as collateral, including mortgage bonds whose value has declined as the ...   more »

View Article  Fred Harteis News Articles- Credit woes hit student loans

Fred Harteis News Articles -  The credit crunch may be bleeding into the student loan industry. Here's what it could mean to your wallet and how to protect yourself.

 

1. Know the process

Student loans are sold to investors the same way mortgages are sold to investors - bundled together in a process called securitization. And with a rising number of defaults and foreclosures in the mortgage industry, investors are increasingly wary of buying these types of loans.

 

So, lenders need to increase the amount they pay ...   more »

View Article  Fred Harteis Economic News - Facebook hires Google exec, hitting Google shares

Fred Harteis News Articles - Facebook said on Tuesday it had named Google Inc's global sales head, Sheryl Sandberg, as the social networking site's new chief operations officer, accelerating a decline in Google shares to year lows.

 

Google shares slid as much as 4.6 percent, trading below a 52-week low for the first time since its IPO and removing a technical crutch that had supported the stock.

 

The departure of Sandberg, who in six years at Google was instrumental in developing its fast-growing online advertising business, marks one ...   more »

View Article  Fred Harteis News Articles - Legitimate ways to reduce your tax bill

Fred Harteis News Articles- The easiest way to reduce your tax bill is to reduce your taxable income. But you don't have to turn down your next raise or ask your boss for a pay cut. Instead, utilize tax deductions.

 

You can choose to use the standard deduction amount that the IRS establishes annually for each taxpayer based on filing status. Or, if you have expenses that will produce a larger tax break, you can itemize deductions. You do so by keeping track of your expenses, meeting some income ...   more »