Chuck Jaffe: A fund by any other name is not so sweet

The history of mutual funds with oddball names suggests that investors seldom get what they pay for, writes Chuck Jaffe.

Auto Review: 2012 Kia Rio SX

With its impeccable build quality, impressive standard equipment and affordable options, Kia’s Rio serves notice that it is more than ready to take on its subcompact rivals, says Ron Amadon.

Retirement Weekly: Check deductions for health care

Check out deductions for health care, particularly if you’re retired and paying premiums associated with the federal Medicare health insurance program.

Slide Show: Pagani Huayra: Million-dollar sports car

The Pagani Huayra, a gull-winged, $1.2 million hypercar, is sculptural, enlightened and as elemental as air, writes Dan Neil. See this masterpiece from every angle.

Real Estate Weekly: Wake up, mortgage rates are rising

Rates on fixed-rate mortgages rose this week for the third week in a row. While there’s no need to panic if you’re in the market for a mortgage, this string of increases may cause some to take action.

Personal Finance Daily: Are you ready for a mobile wallet?

Is it time to leave your wallet at home in favor of mobile payment apps on your smartphone? Maybe not today, but soon—very soon, Charles Passy writes.

CFPB proposes no-point, no-fee mortgages

WASHINGTON (MarketWatch) – The nation’s financial services watchdog on Friday proposed requiring lenders to make available no-fee, no-point mortgages to make it easier for prospective homeowners to comparison shop. The proposal from the Consumer Financial Protection Bureau would force lenders to make such loans available unless consumers were “unlikely” to qualify for such a loan. It also would force lenders to offer interest rate reductions when consumers did elect to pay such upfront points or fees. The proposal differs from an initial outline the agency provided in May, in that the May outline would have banned origination charges that weren’t flat. The CFPB is opening the rule up to a 60-day comment period and is proposing to adopt final rules in January.

Economic Report: Consumer sentiment rises in August

A gauge of consumer sentiment rose in early August on rosier views of current economic conditions, but remained relatively low, according to data released Friday by the University of Michigan-Thomson Reuters.

Consumer sentiment rises in August

WASHINGTON (MarketWatch) — The University of Michigan-Thomson Reuters consumer-sentiment index rose to a preliminary August reading of 73.6 from a final July reading of 72.3, according to Friday reports. Economists polled by MarketWatch had expected the index to decline to 71.8 in August, due, in part, to ongoing economic uncertainty. The sentiment gauge, which covers how consumers view their personal finances as well as business and buying conditions, averaged about 87 in the year before the recession. Economists watch sentiment data to get a feel for the direction of consumer spending.

Coming Up: Consumer sentiment, leading indicators

WASHINGTON (MarketWatch) — The preliminary August reading of the University of Michigan-Thomson Reuters consumer-sentiment index is due at 9:55 a.m. Eastern. Economists polled by MarketWatch expect the index to decline to 71.8 in August from a final July reading of 72.3, due, in part, to ongoing economic uncertainty. Economists watch sentiment data to get a feel for the direction of consumer spending. At 10 a.m., the Conference Board will report its index of leading indicators, and economists expect an increase of 0.3% for July, after a 0.3% decline in June. The LEI is a weighted gauge of 10 indicators designed to signal business cycle peaks and troughs.

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