At least two U.S. airlines have started hedging their fuel costs after a months-long hiatus. Southwest Airlines Co and United Continental Holdings Inc have added new hedges against a rise in oil prices just months after bets last year cost them hundreds of millions of dollars. With U.S. crude prices falling 21 percent since early June, Southwest appeared to regret the decision.
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China can engineer a soft landing to its stock market woes, but the country is no longer driving global growth, Mohamed El-Erian said.
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Gold might have lost 40 percent of its price over the last four years, but analysts are already predicting a possible bottom.
Lax oversight at the IRS increases the risk that political and religious groups could be unfairly targeted for audits, government investigators say in a report that raises concerns about an IRS division …
Morgan Stanley has been pretty pessimistic about oil prices in 2015, drawing comparisons to the some of the worst oil slumps of the past three decades. The current downturn could even rival the iconic price crash of 1986,
The number of Americans filing new applications for unemployment benefits last week fell to its lowest level in more than 41-1/2 years. Initial claims for state unemployment benefits declined 26,000 to a seasonally adjusted 255,000, the lowest level since November 1973.
An overlay of anxiety continues to hang over the market debate. Is this a healthy thing?
Bruce Thompson, 51, who has been the CFO and chief risk officer of the bank for more than five years, will be replaced by Paul Donofrio from Aug. 1, the bank said in a statement. Donofrio is currently CFO of the consumer banking and wealth management businesses, and has been with the company since 1999. The bank also said David Darnell, the head of wealth management, would retire.