Stories tagged: Wall Street
Fri., Aug. 5, 2016, 1:24 p.m.
Prosecutors ask appeals panel to rehear Bank of America case
A federal appeals panel should reconsider its reversal of a fraud verdict against Bank of America Corp. and $1.2 billion penalty resulting from the bank’s actions during the 2008 financial …
Tue., Aug. 2, 2016, midnight
Robert Samuelson: Dodd-Frank reforms may have made financial panic more likely
What avoided another Depression was the quick response of the Federal Reserve, which supplied trillions of dollars of credit to banks and other financial institutions to offset the loss of …
Fri., July 29, 2016, 2:23 p.m.
Stocks close mostly higher, helped by technology, oil
Stocks ended slightly higher on Friday, helped by better-than-expected quarterly results from Google’s parent Alphabet and retailer Amazon and a modest recovery in oil prices.
Wed., July 13, 2016, 8:51 a.m.
Stocks mostly lower on Wall Street in morning trading
Stocks are mostly lower on Wall Street in morning trading Wednesday after setting records the last few days. Energy companies are falling sharply along with the price of oil. Utility …
Fri., July 8, 2016, 2:57 p.m.
Stocks finish just short of a record on strong jobs report
U.S. stocks surged Friday, finishing just short of record highs, as investors responded enthusiastically to a strong June job market report.
Mon., July 4, 2016, 8:17 a.m.
Stocks dip in Europe amid thin trading; U.S. closed for holiday
European stock markets slipped Monday, despite gains earlier in Asia, as investors awaited more clarity on Britain’s future outside the European Union and a U.S. holiday kept trading volumes thin.
Mon., June 27, 2016, 2:09 p.m.
Stocks, pound fall again due to U.K. vote uncertainty
Investor jitters over the economic fallout of Britain’s vote to leave the European Union sent U.S. stocks sharply lower Monday.
Wed., June 8, 2016, 10:26 a.m.
U.S. stocks extend gains as mining and machinery makers rise
Stocks are rising Wednesday as machinery and chemicals companies rise. The weaker dollar is giving metals prices a boost and could make U.S. goods more affordable in markets overseas.
Tue., June 7, 2016, 3:10 p.m.
Twitter sale ‘inevitable’ if company continues to struggle, analyst says
Twitter CEO Jack Dorsey has been trying to get the struggling tech firm back on track this year, but apparently the clock is ticking. If the company doesn’t attract more …
Fri., May 20, 2016, 2:43 p.m.
Stocks close higher, led by health care and tech companies
Stocks rose on Friday in a modest but broad rally that erased much of the losses from earlier in the week when investors had sold over fears of rising interest …
Thu., May 19, 2016, 5:52 p.m.
Stocks fall over continued worry about possible Fed hike
The Dow fell 91.22 points, or 0.5 percent, to 17,435.40. The S&P 500 lost 7.59 points, or 0.4 percent, to 2,040.04. The Nasdaq composite gave up 26.59 points, or 0.6 …
Wed., May 18, 2016, 10:27 a.m.
Target reports declining revenue in first quarter
Target easily beat first-quarter profit expectations, but slowing sales at the Minneapolis retailer and across much of the retail sector is creating a lot of unease.
Tue., May 17, 2016, 11:32 a.m.
Stocks slide, erasing gains from a rally the day before
Stocks are moving lower in Tuesday afternoon trading, erasing gains from a rally a day earlier. Utilities and consumer goods companies fell the most.
Mon., May 16, 2016, 12:32 p.m.
U.S. stocks gain in late afternoon trading as crude oil rises
Stocks rose in the late afternoon Monday, led by gains in energy companies as the price of crude oil jumped to a six-month high. Marathon Oil climbed 5 percent and …
Fri., May 13, 2016, midnight
Movie review: Foster does what she can with ‘Money Monster’
Lee Gates, the main man in the complex thriller “Money Monster,” plays a popular stock specialist on live television, telling viewers what to buy, sell or hold. He looks and …
Thu., May 12, 2016, 2:20 p.m.
Stocks finish little change after weak employment report
U.S. stocks ended pretty much where they started Thursday after spending the day cycling up and down. Investors bought safe picks like phone companies and food makers after a surprisingly …
Mon., May 9, 2016, 2:39 p.m.
Gap sales slide in April; retailer gives grim outlook
Gap shares tumbled in after-hours trading Monday after the struggling retailer reported worse-than-expected sales, issued a profit warning for the first quarter, and announced that it is mulling options for …
Fri., May 6, 2016, 1:43 p.m.
Stocks shake off earlier loss to close higher
The Dow Jones industrial average rose 79.92 points, or 0.5 percent, to 17,740.63. The Standard & Poor’s 500 index rose 6.51 points, or 0.3 percent, to 2,057.14 and the Nasdaq …
Fri., May 6, 2016, 9:13 a.m.
Stocks slip as jobs report shows hiring slowdown
Stocks were modestly lower in Friday morning after a report on the U.S. economy showed a significant slowdown in hiring last month, echoing weakness seen earlier in the week in …
Thu., May 5, 2016, 1:55 p.m.
Stocks close flat as investors await Friday’s jobs report
The Dow Jones industrial average rose 9.45 points, or less than 0.1 percent, to 17,660.71. The Standard & Poor’s 500 index fell 0.49 of a point, less than 0.1 percent, …
Thu., May 5, 2016, 7:38 a.m.
Fannie Mae posts $1.1B profit in 1Q; paying $919M dividend
Mortgage giant Fannie Mae posted net income of $1.1 billion for the first quarter, down from a year ago as declining interest rates reduced the value of the financial instruments …
Wed., May 4, 2016, 2:58 p.m.
Weak U.S. hiring report sends stocks lower
U.S. and global stock indexes moved lower a second day Wednesday following a dismal report on job creation that gave investors concern over the state of the economy. The data …
Wed., May 4, 2016, 1:07 p.m.
ICE backs away from bid for London Stock Exchange
Intercontinental Exchange has jettisoned plans to acquire the London Stock Exchange.
Tue., May 3, 2016, 2:13 p.m.
MetLife fined $20M for variable annuities switches
MetLife has been fined $20 million by Wall Street’s policing body for misleading customers in switching them from variable annuities contracts into more expensive ones.
Thu., April 28, 2016, 2:20 p.m.
Stocks skid as Apple pulls tech companies lower
U.S. stocks took their biggest loss in three weeks on Thursday after a late sell-off. Apple, which is mired in a slump, fell to its lowest price in about two …
Wed., April 27, 2016, 12:50 p.m.
A pay perk to leave Wall Street for Washington is under threat
U.S. regulators want to put an end to a long-time Wall Street custom of giving executives multimillion dollar windfalls when they leave for government jobs.
Wed., April 27, 2016, 12:35 p.m.
Exxon hikes dividend day after credit downgrade
day after losing its cherished AAA credit rating partly due to billions paid to shareholders, Exxon Mobil is raising its dividend again.
Tue., April 26, 2016, 9:15 a.m.
U.S. consumer confidence slips in April
U.S. consumers were feeling a little less confident in April, even though the stock market was rebounding from its February lows.
Mon., April 25, 2016, 2:10 p.m.
U.S. stocks slip as energy companies fall with oil prices
The Dow Jones industrial average fell 26.51 points, or 0.2 percent, to 17,977.24. The Standard & Poor’s 500 index lost 3.79 points, or 0.2 percent, to 2,087.79. The Nasdaq composite …
Mon., April 25, 2016, 7:28 a.m.
U.S. stocks dip, following losses in global markets
U.S. stocks are slipping Monday morning as global stocks also took losses. Energy companies are falling the farthest although the price of oil is little changed. Companies including business service …