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Average 401(k) balance hits record $91,300

401(k) balances reached a record high last year, thanks to a soaring stock market and larger contributions from workers participating in the savings plans.

At Fidelity, the average 401(k) balance hit $91,300 by the end of 2014. While that's up just…

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Samsung needs to reinvent itself (again)

Another quarter, another set of disappointing results for Samsung. This time, net profit fell 27% from the previous year as intense competition continued to eat away at the company's smartphone business.

The fourth quarter results are troubling, but…

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Millions to owe Affordable Care Act tax penalty

Some 3 million to 6 million Americans will have to pay an Affordable Care Act tax penalty for not having health insurance last year, Treasury officials said Wednesday.

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Fed stays 'patient,' but rate hikes are coming

The Federal Reserve said it will remain "patient" and not rush to boost interest rates. But the writing is on the wall. Rate hikes are coming sooner rather than later.

The central bank sounds very upbeat about the U.S. economy. It cited evidence that…

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How much did the Northeast snowstorm cost?

The economic hit taken by the Northeast this week is kind of like the storm itself: not as bad as it could have been.

Estimates from experts vary between $500 million and a little over $1 billion.

Analyst Evan Gold of Planalytics echoed the…

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Auto recalls from Nissan and Ford

Nissan and Ford are both launching new safety recalls involving a total if nearly one million cars.

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IRS to tax cheats: Stop hiding your money offshore

The IRS has been cracking down on tax cheats trying to hide money in offshore accounts. But it's still one of the top tax scams out there.

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Dems: Koch's $889 million pledge helps Dems

The Koch brothers -- longtime Republican funders and Democratic boogeymen -- reportedly told donors at their annual retreat on Monday that they plan to spend $889 million during the 2016 election cycle.

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Kelley Blue Book lists best resale values

Depreciation: It's the biggest cost of owning an automobile. Some vehicles just hold their value better than others when you sell or trade them in. Those that don't just plain cost you more.

So, each year, analysts at Kelley Blue Book tally up the…

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Teen who slit brother's throat breaks her silence

Tonight at 11 p.m. - In a Defenders Exclusive, Roksana tells her side of the story.

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