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    • 7 Ways to Improve Your Credit Score

      By Nicole Goodkind | Daily Ticker – Mon, Jan 7, 2013 9:18 AM EST

      A good credit score is the key to buying a house, taking out a loan, applying for a credit card as well as many other important economic transactions. It is also, oddly enough, becoming a measure of one's dating and marriage potential.

      Potential partners are becoming savvy to the importance of credit in a relationship. Men and women often ask each other for their credit scores on first dates, says Adam Levin of Credit.com. It’s important to know if something is wrong from the get go rather than waiting until after the honeymoon to learn of poor financial decisions, Levin notes.

      But a low credit score does not necessarily mean an individual has been reckless with money. Anyone can lose their job and fall upon tough times, forcing them to put off credit card bills or default on a loan.

      "Your credit score could be negatively impacted by situations beyond your control, you could have been been impacted by the economic downturn and laid off or there could have been an illness or death in

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    • Bank stocks led all other major stock sectors in 2012. The KBW Bank Index (^BKX) rose more than 30% compared to just over 13% for the S&P 500 (^GSPC), and Bank of America (BAC) shares surged 109%--more than doubling in price.

      But this stellar performance may mask a very different story about America’s banks.

      Related: Don't Short Bank Stocks But It's Time to Take Profits: Peter Atwater

      Jesse Eisinger, senior reporter for ProPublica, tells The Daily Ticker that despite the gains in bank stocks, many are trading below their book value or at depressed multiples, and much of their rally is due to hedge fund speculation that could easily unwind.

      “Hedge funds will take a speculative trade on this because they’re willing to move very quickly, but no one who is a true investor...will go into the banks now in any significant size,” says Eisinger.

      The reason for their reluctance: no one understands American banks, says Eisinger.

      "Everyone throws up their hands and says these guys are black

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    • The world’s billionaires added a lot more zeros to their bank accounts in 2012.

      According to the Bloomberg Billionaires Index, the 100 richest people around the globe boosted their net worth by a collective $241 billion over the last 12 months. As of Dec. 31, 2012, these tycoons controlled a combined $1.9 trillion of the world’s wealth.

      The biggest winner in 2012 was Amancio Ortega, founder of the Spanish retail conglomerate Inditex SA, says Matt Miller, editor of the Bloomberg Billionaires Index in an interview with The Daily Ticker.

      Ortega increased his wealth by $22.2 billion in 2012 – more than the entire fortune of Alisher Usmanov, Russia’s richest man. The massive jump in Ortega’s fortune can be attributed to the 66.7% rise in Inditex SA stock (like most wealthy people, Ortega's wealth is "paper money" i.e. stock holdings).

      One of the best-performing companies in the Inditex SA umbrella is Zara, a popular women’s clothing retailer that sells the latest fashion trends at

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    • Economy Adds 155K Jobs in December: It’s a ‘Slow and Steady’ Recovery

      By The Daily Ticker | Daily Ticker – Fri, Jan 4, 2013 10:26 AM EST

      The U.S. economy added 155,000 payrolls in December, pretty much right in line with expectations. The unemployment rate remained unchanged at 7.8%.

      What does the report reveal about the state of the economy?

      It's "kind of slow and steady" says Yahoo! Finance senior columnist Michael Santoli in the accompanying video.

      "I think you can have some kind of comfort in the fact that this is the trend," he adds. "It is not kind of a blip."

      To that point, Santoli does not see the jobless rate jumping back above 8% over the next year.

      Industries that were hiring last month included: health care, manufacturing, and food and beverage establishments. The Bureau of Labor Statistics reported that 12.2 million people were unemployed in December. The BLS included two revisions in its report: 1,000 fewer jobs were added in October and the total number of jobs created in November was revised up to 161,000 from 146,000.

      Tell Us What You Think!

      Got a topic you’d like covered? Have a guest you’d like to

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