07/15/14 05:15 PM
The Federal Reserve's latest take on the U.S. economy put many investors into sell mode Tuesday, sending stocks mostly lower after a brief upward turn early in the day. Fed Chair Janet Yellen, speaking before Congress, said the U.S. economy has yet to recover fully, but raised the possibility...
07/14/14 04:15 PM
Stocks are closing sharply higher as the market shakes off its worst weekly performance in three months. Citigroup rose 3 percent after the bank turned in better results than Wall Street expected. The bank also said it had reached a settlement in an investigation into its mortgage securities...
By Timothy P. Carney | 07/11/14 07:58 PM
Lobbying and political contributions don't increase a company's profits, a new academic study suggests -- they mostly just enrich the CEO.
By Joseph Lawler | 07/10/14 06:27 PM
Stanley Fischer warned that "actively breaking up the largest banks would be a very complex task, with uncertain payoff," even though some critics say more regulation is needed in the wake of the 2008 financial crisis.Â
07/09/14 04:15 PM
NEW YORK (AP) — Stocks are closing higher after corporate earnings got off to an encouraging start. Stocks held onto their gains through the afternoon Wednesday after the Federal Reserve released minutes from its latest policy meeting in June. Alcoa rose 6 percent after reporting earnings that...
07/08/14 05:30 PM
NEW YORK (AP) — Investors unloaded stocks for a second straight day ahead of a slew of corporate earnings that will help them determine whether a recent run-up in the market is justified. The selling Tuesday follows record closes last week. The Dow Jones industrial average ended below 17,000, a...
By Philip Klein | 07/08/14 03:35 PM
One of the few areas of potential intrigue in the 2016 Democratic presidential nomination race is whether Hillary Clinton's Wall Street ties will trigger a fierce backlash against her assumed candidacy from the populist elements of the Left.
07/07/14 04:15 PM
NEW YORK (AP) — U.S. stocks are closing slightly lower after hitting their latest record highs last week. The Dow Jones industrial average fell 44 points, or 0.3 percent, to 17,024 Monday. It closed above 17,000 for the first time last Thursday. The Standard & Poor's 500 slipped seven points,...
07/03/14 06:30 PM
NEW YORK (AP) — The Dow Jones industrial average topped 17,000 for the first time Thursday, another in a string of records for the index that has lifted portfolios in a five-year bull market for stocks. The gain pushed the 118-year-old Dow, the oldest gauge for tracking stock prices, past its...
07/02/14 04:15 PM
NEW YORK (AP) — Stocks are closing at record levels following news that business hiring surged in June. Constellation Brands, the owner of Corona and Negra Modelo beer, rose 2 percent after the company said its income soared in the latest quarter. Delta Air Lines dropped 5 percent after the...
07/01/14 04:15 PM
NEW YORK (AP) — U.S. stocks are finishing at record highs as the Dow Jones industrial average closes in on 17,000 points for the first time. The Dow rose 129 points, or 0.8 percent, to end at 16,956 points Tuesday. It came within two points of 17,000. IBM led the Dow higher with a gain of 3...
By Noemie Emery | 07/29/14
By Paul Bedard | 07/30/14
By Paul Bedard | 07/30/14
By Philip Klein | 07/28/14