Sunday, February 24, 2013

Wal-Mart executive labels February a disaster

MARKETWATCH FRONT PAGE

Shares tumble, weighing on the entire DJIA, after a company vice president calls retailer�s monthly performance the worst he�s seen some seven years. See full story.

Consumers sitting on $9 billion in old iPhones

Why is an old iPhone still worth hundreds of dollars? New research suggests a surprising explanation: hoarding. More than half of American consumers say they have two or more unused cell phones in their house. See full story.

When one home-insurance policy isn�t enough

For some luxury homeowners, one home insurance policy just doesn�t cut it. To get full coverage, many homeowners need to sign up for at least four policies. See full story.

How you can be a smart market timer

Mutual fund investors habitually get the worst from their funds, earning returns that are worse than the investment vehicles they are buying. They don�t have to settle for that, writes Chuck Jaffe. See full story.

How gold will benefit from a currency war

Efforts by countries to devalue their currencies can benefit prices for gold, and have already started to alter the precious metal�s relationship with the foreign-exchange market and expand its role as a haven asset. See full story.

MARKETWATCH PERSONAL FINANCE

Why is an old iPhone still worth hundreds of dollars? New research suggests a surprising explanation: hoarding. More than half of American consumers say they have two or more unused cell phones in their house. See full story.

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