BC-Business News Digest
â¿¿ ITALY-FINANCIAL CRISISâ¿¿ Italy raises $6.4 billion in a bond sale but finds lukewarm demand from investors for longer-term debt. Meanwhile, investors treat German debt as a safe haven, with a German debt sale Wednesday generating a negative interest rate.
ON THE MONEY-HOLIDAY SHOPPING-DEBT
CHICAGO â¿¿ Black Friday deals are starting early this year, and that means more pressure to spend spend spend. As the holiday shopping season expands and retailers make impulse buys ever-easier with your smartphone, consumers have to be extra-disciplined to avoid money trouble. We present tips on how to prevent Black Friday and the days surrounding it from dooming you to too much debt. By Personal Finance Writer Dave Carpenter.â¿¿ FAMILY FINANCE SURVEY â¿¿ Let's Talk: Survey finds parents and their adult children can't agree on basic financial planning, with conflicting expectations on elder care, retirement security and inheritance. MUTUAL FUND FLOWS BOSTON â¿¿ Investors pulled more money out of mutual funds in October than they put in, for the eighth month in a row while bond funds continued to attract new cash, industry consultant Strategic Insight said on Thursday. Investors remained nervous about the stock market last month amid an election campaign and worries about potential year-end tax increases. By Personal Finance Writer Mark Jewell MONEY & MARKETS CENTERPIECE A taxing December Taxes on capital gains are scheduled to jump next year unless Congress makes a change. The last two times rates went up by a similar amount, stocks fell in the month before the tax change as investors sold to lock in the lower rate. COMPANY SPOTLIGHT Teen rally Abercrombie & Fitch has been struggling to sell its preppy jeans and T-shirts with fashion trends shifting in a rough economy. But its efforts to fix its merchandise are gaining traction. The retailer raised its full-year earnings forecast Wednesday as it reported a strong third quarter, sending its stock surging.
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