A banner month for the S&P 500
The Standard & Poor’s 500-stock index rose nearly 9 percent last month, its best September since 1939. Gold and silver, which usually fall when stocks rise, rose 5 percent and 12 percent, respectively.
Barron’s
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JPMorgan reopens underground vault for gold
With demand for gold bullion soaring, JPMorgan has reopened an underground vault in downtown Manhattan to store its customers’ gold reserves. Banks charge a small percentage of the gold’s value as a storage fee.
Financial Times
False claims suits for antipsychotic drugs
Antipsychotic drugs are the top-selling class of pharmaceuticals in America, generating $14.6 billion in annual sales. They’re also the most frequent target of the federal False Claims Act, a broad anti-fraud statute. All five major drug companies marketing antipsychotics have either recently settled false claims suits or are under state or federal investigation for fraud.
The New York Times
30-year home loans at a record low
The average interest rate on a 30-year mortgage fell to 4.32 percent last week, tying a record low for 30-year home loans. The rate was down from 4.37 percent the previous week and 4.94 percent a year ago, Freddie Mac reported.
The Wall Street Journal
Unemployment benefits for millionaires
In 2008, nearly 3,000 households reporting income of $1 million or more claimed income from unemployment benefits—a total of $18.6 million in all, the IRS says. Unlike need-based programs such as welfare, unemployment benefits are payable to anyone suffering an insured loss, regardless of income.
Bloomberg.com
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The US Open's controversial 'superstars' doubles formatTalking Point New shortened competition attracts star pairings and bigger audiences to grand slam tennis event
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Sudoku hard: August 21, 2025The Week's daily hard sudoku puzzle
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feature Good results for the third quarter; Compensation at financial firms hits a high; Three cities with recovering economies; Good year for car sales; Broadway's best performance ever; Tax bite is less in 2010 than in 1980
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feature The gender pay gap; U.S. economic growth; Parents who argue about money; Online subscriptions rise
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