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Tuesday, October 22, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: financial


UPDATED: Thu., Aug. 16, 2018, 10 p.m.

Mountain West Bank invests $1 million in SNAP to assist homeowners, businesses

The partnership will add 20 percent of lending capacity to SNAP to assist those hoping to buy or renovate their home in the Inland Northwest. SNAP provided more than $758,000 …


UPDATED: Wed., April 11, 2018, 5:41 p.m.

Mulvaney insists consumer watchdog still doing its job

Mick Mulvaney tried Wednesday to reassure Democrats on a House finance panel that he’s committed to punishing unscrupulous financial companies, while agreeing with Republicans that the watchdog agency he runs …


UPDATED: Fri., Aug. 18, 2017, 9:08 a.m.

U.S. stocks slide again as industrial companies and banks drop

U.S. stocks continue to skid Friday morning as industrial companies fall after a weak report from farm equipment giant Deere. Banks are also down as bond yields continue to slide, …


UPDATED: Wed., Jan. 25, 2017, 8:02 a.m.

Dow hits 20,000 for the first time ever as stocks keep climbing

The Dow Jones industrial average reached 20,000 points for the first time in history Wednesday as the stock market extended its rally in response to the election of President Donald …


Stocks pull back from records; banks, retailers fall

Stocks pulled back slightly on Monday, retreating from the records the market set last week.


Dow surpasses 19,000 as a record-setting drive continues

The Dow Jones industrial average surpassed 19,000 for the first time Tuesday as a post-election rally drove indexes further into record territory. Discount store chains made large gains, but health …


Wells Fargo faces Labor Department review for possible workplace violations

The Labor Department has launched a “top-to-bottom review” of how Wells Fargo & Co. treated employees as it pushed the aggressive sales quotas that led to the bank’s fake-accounts scandal.


U.S. stocks hold their own after sell-off in global markets

U.S. markets rallied on Monday, shrugging off a sell-off in global stocks and beating back the sell-off that began on Friday in both stocks and bonds. Investors seemed satisfied that …


U.S. regulators: Still heavy risk in big bank loans

Federal regulators say risk remains heavy in large loans made by banks and other financial institutions, though lending standards have improved.


Energy companies lead stock market higher

Stocks closed at a new high for the year after a speech by Federal Reserve Chair Janet Yellen raised doubts over an interest rate hike this month.


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 …


Stocks recover from early slump, close higher

The Dow climbed 106.70 points, or 0.6 percent, to close at 18,004.16. The last time the average was above 18,000 points was on July 20. The S&P 500 index added …


U.S. stocks post slight gains, led by oil and gas companies

The Dow Jones industrial average climbed 36.26 points, or 0.2 percent, to 17,000.36. The Nasdaq composite increased 25.55 points, or 0.6 percent, to 4,674.38. The S&P 500 climbed 10 points, …


Prepaid card users, under scrutiny, find tax refunds frozen

Thousands of people have had their prepaid debit cards frozen when they try to direct their tax refund to their accounts, a result of financial industry efforts to combat an …


U.S. stocks climb again as energy companies keep rising

The Dow Jones industrial average gained 44.58 points, or 0.3 percent, to 16,943.90.


UPDATED: Fri., Feb. 26, 2016, 1:58 p.m.

Stocks end strong week on flat note

Stocks ended a strong week on a flat note as lower oil prices and utility stocks offset encouraging economic news.


Oregon Lottery debuts Latino, Chinese New Year games

The Oregon Lottery has long avoided advertising specifically to ethnic minorities, but the organization is beginning to change course.


Delta pays out record profit sharing

Atlanta-based Delta Air Lines on Friday paid out $1.5 billion in profit sharing to employees, including $541 million to its 33,000 employees in Atlanta.


U.S. markets dive amid global selloff

The Dow Jones industrial average dropped 290 points, or 1.8 percent, to 15,624 as of 8:04 a.m. Pacific Time.


Early stocks rally mostly gone by closing bell

The Dow fell 99.64 points, or 0.6 percent, to 15,914.74. The average is now down 8.7 percent this year. The S&P 500 index slipped 0.35 point, or 0.02 percent, to …


Fed boss Yellen: Slower rate hikes if economy disappoints

Federal Reserve Chair Janet Yellen said the U.S. economy faces a number of global threats that could hamper growth and compel the Fed to slow the pace of future interest …


Companies lose billions buying back their own stock

If you think your stocks are doing poorly, check out the performance of some of the most sophisticated investors, the ones with more knowledge about what’s going on inside businesses …


Analysis: Obama’s budget sees next president inheriting healthy economy

The economic assumptions underlying President Barack Obama’s proposed budget for the fiscal year starting Oct. 1 are fairly optimistic for the near term, although weaker than projections made in the …


Stocks fall sharply as banks, tech sector take a beating

The Dow Jones industrial average fell 177, or 1.1 percent, to 16,027. It was down as much as 401 earlier.


Fed chief Yellen to testify amid predictions of slower rate hikes

But as Chair Janet Yellen addresses Congress this week, most analysts and investors think the Fed will raise rates fewer than four times this year, if at all.


Stocks lose more ground as jobs report disappoints

The Dow Jones industrial average fell 211.75 points, or 1.3 percent, to 16,204.83. The Standard & Poor’s 500 index lost 35.43 points, or 1.9 percent, to 1,880.02 and the Nasdaq …


What’s ahead for volatile stocks?

If the No. 2 officer of the U.S. central bank isn’t sure what’s around the corner with regard to the factors buffeting stock prices – namely sharply lower oil prices, …


U.S. stocks end modestly higher

The Dow Jones industrial average rose 79.92 points, or 0.5 percent, to 16,416.58. The Standard & Poor’s 500 index rose 2.92 points, or 0.2 percent, to 1,915.45 and the Nasdaq …


Stocks stage a late turnaround, led by the energy sector

NEW YORK – Stocks closed mostly higher after a surge in the price of crude oil gave a respite to the beaten-down energy sector. U.S. crude jumped 8 percent Wednesday, …


U.S. consumer spending flat, sending savings rate up

U.S. consumers kept their spending flat in December and instead boosted their savings rate to the highest level in three years.