Retirement Trends

When Detroit became the biggest city in U.S. history to file for bankruptcy last month, it turned public attention to the municipal-bond market, where cities and states go to borrow money. Was this sleepy, often-overlooked area of the financial world actually dangerous?

Stocks are opening lower on Wall Street after the government reported only modest job growth last month.

Stocks rose Thursday morning after an encouraging employment report, sending the Standard & Poor's 500 index above 1,700 points for the first time.

Hedge funds were once the rock stars of the financial industry. The smartest people worked for them. The wealthiest gave them their money. They were an easy path to fortune.

The Obama administration says the average monthly premium for Medicare prescription drug plans will inch up by $1 next year, to $31.

People around the world share the same dream of retirement. But nearly half of all workers never saving money just for retirement, according to HSBCs global report.