Finance
Finance
The trading business on Wall Street is struggling and that could mean bad news for these banks
One of Wall Street’s big money-makers has been disappointing for major banks lately. Trading stocks and bonds on behalf of clients has historically...
Stocks set to open slightly higher as traders digest Brexit vote and focus on bank earnings
U.S. stock futures were slightly higher on Wednesday, following a parliamentary defeat for British Prime Minister Theresa May’s Brexit deal. Dow futures were...
China just injected a record amount of money to stimulate its economy
China’s central bank on Wednesday pumped a net 560 billion yuan ($83 billion) into its banking system — a record amount of money...
Powell says Fed’s balance sheet will be ‘substantially smaller,’ indicating more tightening ahead
The Federal Reserve’s balance sheet will be reduced significantly from where it is now, Chairman Jerome Powell said Thursday in remarks signaling that...
With no end in sight for the shutdown, thousands of federal workers file for unemployment
A few days ago, Will Kohler, a tax examiner for the IRS, filed for unemployment. He’s been out of work for three weeks...
Final bids for Cox stations due from Hearst, TEGNA, EW Scripps this month, could net almost $3B
TEGNA, Hearst and EW Scripps are all planning on submitting final offers for Cox Enterprises’ 14 broadcast TV stations at the end of...
Stocks making the biggest moves after hours: Union Pacific, Lennar and more
Check out the companies making headlines after the bell: Union Pacific shares rose more than 6.5 percent after hours as it hired a...
Dick Bove: The Fed caved in to market and Trump demands because it lacks support for its policies
The Federal Reserve gained its independent status in 1951, almost 40 years after its founding, when it signed an accord with the Treasury....
Apple hasn’t been this unloved by Wall Street since 2005
Apple has become more unloved by Wall Street analysts than at any time in the past 14 years. Wall Street analysts have the...
Trump is winning the game of economic chicken right now with China, but that could soon change
The trade war may be hurting China more than the U.S., but by spring, China could be looking up as the U.S. slows,...
Wall Street’s trading powerhouses look to shake up US stock exchanges
Major Wall Street firms have been pushing back on fees charged by stock exchanges. So, they decided to launch their own. On Monday,...
Wharton’s Jeremy Siegel says stocks will return up to 15%: ‘We could have quite a good year’
Despite the market’s stumble into the new year, Wharton’s Jeremy Siegel is predicting solid gains for stocks by the end of 2019. The...
Chicago traders in their ’80s heyday had a crazy move called the ‘O’Hare Play’
Traders were already famous for risk-taking in the 1980s. But one bet is particularly absurd. Producers for an upcoming Showtime series used stories...
A bear market usually means even steeper losses are ahead
Investors will have a hard time finding a place to hide should the S&P 500 keep trading in bear market territory, if history...
Don’t panic: Here’s your bear market survival guide
Fears have become reality. The S&P 500 entered bear market territory Monday, dropping just more than 20 percent from its 52-week intraday high....
