Mutual funds, which have topped $13 trillion, are the way many Americans interact with the financial markets. You may have come across mutual funds when you set up an individual retirement account or a company-sponsored retirement account like a 401(k).
A "basket" of stocks, bonds or both, mutual funds are seen as safer to own than individual stocks. Having many in one basket spreads the risk, especially over time. But high fees, lack of diversification, or a focus on short-term gains can put your nest egg at risk.
Korean and Southern food may not seem like a natural pair. But now it's one more example of traditions emulsifying in the great American melting pot. Korean-American chef Edward Lee makes that case with his new cookbook Smoke and Pickles: Recipes and Stories From a New Southern Kitchen.
Fusion cooking comes naturally to Lee: He grew up in an immigrant neighborhood of Brooklyn surrounded by Jamaicans, Indians, Iranians and Jews.
The FBI added Joanne Chesimard, who was convicted in the 1973 murder of a New Jersey State Trooper, to its "Most Wanted Terrorist List." Chesimard, who fled to Cuba in 1984 after escaping from prison, is the first woman added to the list.
The late Jimmy Savile is not the only U.K. TV personality whose name has emerged in a sexual abuse investigation. A wide-ranging British inquiry has revealed many other household names who are suspected of committing sexual offenses decades ago.
A woman holds a .22-caliber Crickett youth rifle at a Gander Mountain store in Flint Township, Mich. This type of gun, which is marketed to children and comes in a variety of colors, was involved in the shooting death of a 2-year-old girl in Kentucky.
Credit FPG / Getty Images
A man and a boy out hunting with shotguns, circa 1955.
The government's employment report for April comes out Friday. It's an important measure of the economy's health and the advance signals have been mixed. One report this week showed layoffs falling to a five-year low, but another suggests disappointing jobs creation.
At least one sector is providing some positive news for the job market: housing.