Money Minute: Harley's Less Hoggish Bikes; the New King of Mutual Funds

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Harley-Davidson is putting the Hog on a diet. That and more top money stories you need to know Tuesday.

Earns Harley Davidson
Nam Y. Huh/AP
Harley-Davidson (HOG) will begin selling a pair of new, smaller motorcycles in the spring. They're designed for younger, urban riders who favor maneuverability over power. The new bikes have lighter frames and a narrower profile.

There's a new king of the hill in mutual funds. Morningstar (MORN) has crowned Vanguard's Total Stock Market Index (VTSMX) as the world's biggest fund. That ends the five-year reign of Pimco's Total Return Fund (PTTRX), as investors have withdrawn $33 billion in investments so far this year. The Vanguard fund has returned 27 percent this year, while Pimco has a slightly negative return, due to weakness in bonds.

The Dow Jones industrial average (^DJI) gained 23 points Monday, the Standard & Poor's 500 index (^GPSC) added 6 and the Nasdaq composite index (^IXIC) rose 14 points.

Apple (AAPL) plans to hire 2,000 workers at a new plant in Mesa, Ariz. -- part of the company's effort to move production from China back to the U.S.

Keep an eye on these energy stocks Tuesday: Marathon Oil's (MRO) net easily topped expectations, but Anadarko Pete fell short of expectations, despite a 50 percent earnings increase. And Chevron (CVX) signed a $10 billion production-sharing accord for Ukrainian shale gas.

What's rising at a faster pace: the cost of college, gasoline, food, or child care? It's no contest. A nonprofit research group says the cost of child care centers rose eight times faster than family incomes last year. Oregon, New York, Minnesota and Vermont were the least affordable states for child care. Despite the high cost, the study finds that caregivers are among the lowest paid professionals.

Finally, this is a big day for gamers. Activision Blizzard's (ATVI) "Call of Duty: Ghosts" is now on sale. Analysts say the launch could rival the big numbers rung up last month by Take Two's "Grand Theft Auto V." It had a record $1 billion in sales in its first three days.


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103 Comments

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jbrian922

No reason for Harley to be making these they should stick to what they know and what they do best! I love Harley but I've been very disappointed with the models/options for '13 and especially '14s (because they got more greedy with the '14s by raising the prices). So as much as I like Harleys I'll never buy a newer model I will only by the 2012s and back!

Please Harley stick with Air Cooled bikes!

November 06 2013 at 5:41 AM Report abuse rate up rate down Reply
Tatonka

Never thought I would hear someone screw up the name Mesa...

November 06 2013 at 2:57 AM Report abuse rate up rate down Reply
airborneinore

So where is the pics of the new bikes?

November 06 2013 at 12:32 AM Report abuse rate up rate down Reply
1 reply to airborneinore's comment
jbhtonto

My thoughts exactly. I clicked on this, expecting motorcycle news, instead got a financial report.

November 06 2013 at 2:38 AM Report abuse +1 rate up rate down Reply
sidehack

Old news. dropped the real Invative model three years ago. GO EBR

November 05 2013 at 11:05 PM Report abuse rate up rate down Reply
DANTHALER

How did you know I was here? I'm not prepared. Um, buy high sell low.

November 05 2013 at 10:48 PM Report abuse rate up rate down Reply
sasha

Harley had a small Italian bike in the late '60' to early '70's . Of course, in those days they were having some real identity problems. HOG has to thank the Hell's Angels for appealing to that "dangerous" side.

November 05 2013 at 9:29 PM Report abuse rate up rate down Reply
1 reply to sasha's comment
jbhtonto

As I recall, that model also retained an Italian name (which I don't recall) and was not really worthy of the Harley name. Now, the Harley name has a much higher value than the bikes themselves.

November 06 2013 at 2:44 AM Report abuse rate up rate down Reply
talari

Old white guys are retiring and dying off. They need to reinvent The Company.

November 05 2013 at 9:20 PM Report abuse -4 rate up rate down Reply
mikedavio

Harley is smart to go after another market. Little hotties will like a lighter bike. Just keep it AMERICAN!

November 05 2013 at 9:12 PM Report abuse +1 rate up rate down Reply
William Raven

From what i've heard, The price starts at $6,700. (USD)

November 05 2013 at 9:05 PM Report abuse -1 rate up rate down Reply
loldsparkey

2 seconds about Harley and all the rest about everything else , what a rip off.

November 05 2013 at 8:14 PM Report abuse +6 rate up rate down Reply