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Fannie Mae's workers had $116 million in the employee stock ownership plan at the end of 2006. Today, it's more like $17.5 million. Ouch. The employees of Fannie Mae, and those of its counterpart Freddie Mac, are reeling from financial blows themselves as the mortgage finance companies lurch toward what could be a government bailout. Both firms ladled out hefty servings of stocks and options to reward and compensate employees -- making them popular employers for years. [ABSTRACT FROM PUBLISHER]

If you have just retired or are about to retire, your timing could not be worse. Leaving the work force just as markets stumble can do real damage to retirement savings. Your nest egg has shrunk just as you need to start withdrawing money from it; you are essentially locking in your losses. (And at the moment, sinking home values make matters even worse.) [ABSTRACT FROM PUBLISHER]

If you are a prospective home buyer waiting for the bottom of the housing market, there is another fact you need to take into account: mortgage rates are rising. Rates on a 30-year fixed-rate loan, which were as low as 5.89 percent in mid-April, have been climbing and now remain near a one-year high of about 6.7 percent, according to the financial publisher HSH Associates. [ABSTRACT FROM PUBLISHER]

The article examines the experiences of small-time investors who helped drive the stock price of struggling video game retailer GameStop. The price reached a staggering 483 dollars per share before dropping to 63.77 dollars in February 2021. Also cited are the gain made by real estate broker Shawn Daumer from his GameStop investment and the move by brokerage firms like Robinhood to restrict trading of GameStop and other companies with unusual gains in prices.

The article reports on the concern of many of the U.S. federal workers who have been furloughed or working for free since December 2018 on a deal to temporarily open the federal government following its shutdown.

The article discusses the challenges facing workers amidst the massive layoffs being made by technology companies like Google and Facebook and how they can prepare for a possible termination. Among the advise from experts like Indeed's Scott Dobroski are conducting a career assessment and updating one's resumé to reflect new skills and projects tackled.

The article reports on the 1.7 trillion dollars in federal spending package approved by the U.S. Senate that includes military spending and domestic programs. It shows the success of Republicans in negotiating more funding for the military. Other provisions of the bill include overhaul of the Electoral COunt Act. military aid for Ukraine, disaster aid, funding for response to pandemics, retirement benefit and increases in educational programs fro low-income and vulnerable student populations.

The article reports on the continued price increases in September 2022 even as the U.S. Federal Reserve tries to control inflation. It shows the rise in Social Security cost-of-living adjustments and interest rates and discusses their impact on the housing market and the economy. It analyzes the implications of continued price increases for workers' demand for pay increases and pride adjustments by employers. Forces that economists expected to temper inflation are prices of car, goods and gas.

The article offers news brief from the U.S. for September 2017, including Supreme Court's decision of employees forfeiting their rights to initiate proceeds against employers, security breach in the American credit bureau Equifax, and adverse impact of hurricane on unemployment data and economy.

The article discusses the implications of breach of the computer systems of health insurance company Anthem, noting a potential trend of hacking attacks on health care organizations. Topics addressed include the theft of medical records and financial information, as well as data security methods within the health care industry.

The article offers information on approval of U.S. Senate to begin debate on a 1.7 trillion U.S. dollar spending package hours after it was unveiled by congressional leaders, as lawmakers race to pass the plan and avert a partial government shutdown just before the Christmas holiday.

A table of contents is presented for a section of the publication focusing on education, including articles regarding life for recent graduates, deciding on a major, and the market for new college graduates.

The article reports on the move by U.S. financial system clearinghouses in January 2021 to compel online trading application (app) Robinhood to raise emergency cash to comply with the system's risk reduction mechanisms and continue trading amidst the stock market frenzy pitting amateur traders against veteran hedge fund investors. Topics include the moves by amateur investors to buy stocks of struggling firms like video game retailer GameStop and AMC Entertainment.

The article reports on the move by amateur stock traders as of January 2021 to compete and temporarily outwit major Wall Street players by investing in companies like BlackBerry, GameStop and AMC. Topics include how major hedge funds and professional money managers incurred losses due to the actions of the traders, and comments from Interactive Brokers' Steve Sosnick on the developments.

General Motors followed Chrysler into bankruptcy on Monday in a case that will be one of the largest and most complex in history. Here is a quick look at some basics of the G.M. bankruptcy and how it may affect owners of G.M. vehicles and company stock. The questions were answered by Micheline Maynard, who writes about the auto industry; Ron Lieber, the Your Money columnist; and Tara Siegel Bernard, a personal-finance reporter. Q.Is G.M. going out of business? [ABSTRACT FROM PUBLISHER]

This article was reported by Jonathan D. Glater, Ron Lieber, Tara Siegel Bernard and Paul Sullivan and written by Mr. Glater and Mr. Lieber. If you want to become a public defender, Georgetown University can be a great place to get your legal education. So Heather Gatnarek expects to take on well over $100,000 of debt to get her law degree there and hopes to graduate in three years. [ABSTRACT FROM PUBLISHER]

The article offers information on how Wall Street traders and investors dealt with the last two weeks of worst trading as anxiety about the coronavirus pandemic drove panicked investors to sell their roughly 2 trillion U.S. dollars in stock holdings. Topics covered include the impact of the pandemic on economic growth and corporate profits, and how the slashing by the U.S. Federal Reserve of the benchmark interest rates by a half percentage point has affected the stock markets.

However, users may print, download, or email articles for individual use. Copyright of New York Times is the property of New York Times and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. Charges 4 Chinese in Equifax Hack. [Extracted from the article]

The article reports on decline in shares of the electronic retail firm GameStop and mentions that chemical engineer Tigran Avetisian had invested into the firm from his individual retirement account.

The article focuses on ways by which nonprofit groups can help refugees in the U.S. Topics covered include the plan by President Donald Trump to sign an order restricting travel to the country, the possibility of donating directly to any organization and the access of agencies that work with refugees to federal funds and other money. Also mentioned is the opportunity to become volunteers which was explained by Becca Heller of the International Refugee Assistance Project.

The article offers world news briefs including technology firm Apple will shows software and hardware at its annual conference; technology firm Yahoo shareholders will vote regarding the selling of the firm's internet businesses to Verizon Communications; and increase in stocks of General Motors.

The article offers business news briefs as of April 4, 2016 including the Libor trial of former employees at financial services company Barclays, the U.S. trade balance for February to be released by the Commerce Department, and the bimonthly monetary policy meeting of Reserve Bank of India.