money management

Recession Sobers Once Spendthrift Teens

Guess what the recession hath wrought: A little teen sobriety. According to the just-released 2011 Teens & Money Survey from Charles Schwab, nine out of 10 teens say they were "affected by the recession," causing major shifts in perspective that include a greater appreciation for what they have and an increased awareness of financial hardship.

Rookie Director's Guide to Budgeting: Cut!

Film director Spencer Susser's personal finance philosophy is one you might have heard before: Stop caring so much about the money, and perhaps the money will come. If it doesn't, at least you're doing what you want to do. It worked for him: Susser got his first movie, the low-budget "Hesher," made in the middle of the recession.

Inside Wall Street: Turbo-Charged Investment Managing

Wall Street is littered with so-called hot and smart investors who flamed-out during economic downturns or market crashes. But Marketocracy says its investment management teams are different -- with stock picks that have demonstrated proven, long-term staying prowess.

Wellington, Janus Eyed for Possible Insider Trading

Wellington Management has received a document request from federal regulators looking into possible insider trading on the part of money managers with the firm, Bloomberg News reported, citing a person familiar with the process. Janus Capital Group also received such a request.

Oprah's New Money Manager

Peter Adamson, who has been in charge of investments for Eli Broad, moves in as Oprah's new money manager.

Banks fired too many people

The credit crisis came within inches of shuttering several of the nation's largest banks and caused the fire sales of others. Firms could not fire...