We're only a week into August, but it’s already a month that will go down in infamy at Bank of America.
The firm agreed temporarily this week to a record-setting $16-17 billion settlement over mortgage misconduct in the build-up to the 2008 financial crisis. This projected settlement comes on the...
U.S. stocks were higher on Tuesday, as investors attempted to find direction amidst news in Greece and at home.
While any developments in Greece’s debt saga will certainly continue to affect U.S. markets, Tuesday’s activity suggested a refocusing towards issues here in the states, and a continued concentration on the...
U.S. stocks moved higher on Monday, as investors considered numerous data points both at home and overseas.
Manufacturing, construction and personal income numbers were encouraging to investors. Personal income levels jumped 0.3 percent in January, while the manufacturing sector enjoyed its best month since October.
Asian markets were up slightly after...
U.S. stocks were lower Tuesday, as the first quarter of 2015 came to a unhappy close on Wall Street.
With today's slump, the Dow finished the first quarter lower than it began the year--a discouraging sign for investors. A Monday rally pushed the Dow back into the black for 2015,...
On this last day of September, stock markets made back a decent amount of the losses from earlier in the week but even with today's gains, tremors rumbled through the financial world following dire predictions from billionaire business entrepreneur Carl Icahn.
Icahn told CNBC's "Fast Money: Halftime Report" today:
"Markets look...
U.S. stock futures finished slightly up on Monday, extending yet another on both the Dow and the S&P 500.
Despite the continuation of disappointing economic data from the first quarter of 2015 into the second quarter, the market has moved higher in the past few weeks. Highlighted by S&P 500...
Experts described the U.S. stock market as ‘under pressure’ Friday morning, coming off a fifth consecutive losing session Thursday.
The Swiss National Bank shocked everyone Thursday by announcing they would discontinue a three-year cap on their own currency—the Swiss franc—against the Euro. With the possibility of quantitative easing-type programs beginning...
Last week, the Federal Reserve announced the end of the third leg of quantitative easing, or QE3.
QE3 lasted for over two years, with the Fed buying between $40 billion to $85 billion in mortgage-backed securities each month. This number was tapered to $25 billion in August.
The greatest ‘side effect’,...
Ahead of Friday's U.S. jobs report, today the Bank of England cut interest rates in the U.K. to avoid a possible post-Brexit vote recession. Policymakers voted unanimously to cut rates a quarter point to 0.25% in the BOE's first rate reduction in seven years. Banking officials in the UK...
U.S. stocks were higher on Thursday, as markets attempted to recover from early setbacks in the Euro Zone.
The European Central Bank (ECB) revoked a previous policy that allowed banks to use Greek government debt as collateral for loans. This had a significant impact because many banks are invested in...
