The big news of the day: The Federal Reserve decided to maintain the status quo on interest rates. Following its 2 day, closed door policy meeting, Fed Chair Janet Yellen announced that the Fed had pulled back on its prediction of 4 rate hikes this year, and instead believes...
It was the start of a monumentally important week on Wall Street as the Fed will consider whether to raise interest rates midweek. It is widely expected that after the Federal Reserve's Open Market Committee's two day meeting on Wednesday, the Fed will decide to raise interest rates by...
The last day of November meant Cyber Monday savings for millions of online shopping Americans. Cyber Monday is marking it's 10 year anniversary this year, trying to persuade people to shop via the internet. The term was first used on November 28, 2005 by Ellen Davis who stated in...
After a horrendous August, September (Wall Street’s worst month historically) comes in like a bear. U.S. stocks plummeted Tuesday as fears about China and oil prices caused significant drops across all three major U.S. indexes yesterday. Dropping 3%, it marked the third largest daily decline for 2015.
Two separate reports...
The first day of the trading week on Wall Street was covered in red as all three of the major indices took a hit. The energy sector was the biggest loser with oil down $2.32 to $37.65 a barrel, the lowest level since February 2009- A seven year low....
The second day of the trading week saw the NASDAQ post its first 4-day losing streak since January as the tech index closed in the red for the year. The day was also highlighted by a big jump in the cost of oil. The price of a barrel of crude...
The Christmas shortened trading week on Wall Street began on an up note as the markets tried to stave off the massive losing streak from last week. Both the S&P 500 and Dow Jones industrial average are still negative year-to-date, down more than 1.5 percent and 3 percent. The...
After much anticipation The Federal Open Market Committee has announced it will not raise interest rates this month. Fed Chair Janet Yellen stated at a press conference that their decision to keep interest rates where they are was based on instability in foreign markets, especially China, and that the...
Stocks finished lower after several U.S. companies delivered disappointing results and forecasts. UPS was way down after the package delivery company reported revenue that fell short of analysts' estimates. Engine maker Cummins fell 8 percent after the company's earnings fell far short of forecasts. The company also cut its...
The markets spent much of the day treading water with tomorrow's meeting of the European Central Bank (ECB) looming. The President of the E.C.B- Mario Draghi could possibly announce another round 0f stimulus measures, which could include more asset purchases and maybe another cut to the already negative interest...
