U.S. stocks lost one percent or more yesterday with news of a possible U.S. military strike in Syria. Traders moved to sell holdings they thought might be affected by the turmoil and those investments seen as a haven were suddenly flush with cash. Even without this potential crisis, the markets face a number of challenges with the end of summer. Liz Sonders, the Chief Investment Strategist for Charles Schwab, covers everything from upcoming congressional debates over the debt ceiling to a new era for emerging markets. Turning to personal finance, CNN Money reveals why Georgia is the most expensive state in America to own a car.
As U.S. Puts Military Strike Against Syria On The Table, Investors Move Their Chips Out Of Harm’s Way– The flight-to-safety trade is back in vogue on Wall Street. Investors are rushing to shed risk amid growing speculation the U.S. is nearing a military strike in Syria in reaction to the Syrian government using chemical weapons against its civilians. http://www.usatoday.com/story/money/markets/2013/08/27/fear-trade-returns-on-wall-street-amid-syria-fears/2705421/
Schwab Market Perspective:Buckle Up-The summer doldrums are coming to an end and action is likely to heat up –what should investors do? Liz Ann Sonders, Chief Investment Strategist at Schwab, and her team comment on what to expect for the remainder of the year.
A State-by-State Look At The Cost Of Owning And Operating A Car– The cost of owning a car can vary dramatically from state to state, depending on taxes, fees, insurance costs and the price of gasoline, according to a Bankrate.com report. Georgia is the most expensive state to own a car, at a $4,233 annual cost. The national average is $3,201. http://money.cnn.com/2013/08/21/autos/car-ownership-costs/
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