Yellen on Capitol Hill, Apple in Iran and Trump's bank account
Yahoo Finance’s Midday Movers is live each weekday at 12pm ET, covering all the latest news on the markets, the economy and the biggest stories of the day.
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Yellen: First Fed rate hike likely later this year
Federal Reserve Chair Janet Yellen sees a number of encouraging signs that the economy is reviving after a brutal winter and says if the improvements stay on track, the Fed will likely start raising interest rates later this year.
Bove: What Jamie Dimon may be signaling
Jamie Dimon unexpectedly said he might sit out future investor calls. Here’s what Dick Bove thinks the JPM chief meant.
Trump campaign to reveal wealth details: 'I'm really rich'
As other presidential candidates fight to raise money, Donald Trump is reminding everyone he’s already got a lot of it. The celebrity businessman’s campaign is expected to reveal details Wednesday of his …
A 'hot hand' eludes investors at Wall St.'s blackjack table
Stocks are again stretching toward the upper end of the durable trading range. Can earnings keep them there this time?
Farewell FAO Schwarz: Last day of business at NYC toy store
The FAO Schwarz toy store on New York City’s Fifth Avenue is taking a final bow. The store is closing its doors for good on Wednesday night — though it may reopen elsewhere in midtown Manhattan. Owner …
Egg prices blowing up because of avian flu
Eggs are getting much more expensive — by the dozen and otherwise. The outbreak of avian flu caused the cost of eggs to nearly double last month for producers. Wholesale prices for chicken eggs jumped …
Obama to announce high-speed Internet help for homes
President Barack Obama set a goal of bringing high-speed Internet to most schools by 2017, and now he’s promoting a new program to help close the digital divide even further by bringing that faster Internet …
US factory output flat for 2nd straight month
U.S. factory production was unchanged for a second straight month in June as a sharp drop in auto manufacturing was offset by greater output of furniture and chemicals. The cutback in auto production comes …
BofA profit soars as expenses fall to lowest since 2008
BofA’s legal expenses, which have totaled at least $70 billion since 2008, dropped for the second straight quarter, suggesting the worst of the bank’s legal problems stemming from the financial crisis was behind it. Litigation expenses, which had undermined the cost-cutting initiatives introduced by Chief Executive Brian Moynihan since he assumed the top job in 2010, fell to $175 million from $4 billion a year earlier. “We also benefited from