Fewer people sought U.S. unemployment benefits last week as employers remain confident enough in the economy to hold onto their staffs. The Labor Department said Thursday that the number of applications …
Goldman, the target a government probe over the issue of mortgage bonds leading up the financial crisis, said in May it had raised the top end of its range of “reasonably possible” legal expenses to about $3.8 billion from about $3 billion. The Wall Street bank’s shares were down 1.2 percent at $210.40 in morning trading, even though the earnings – when excluding the provision – exceeded the average analyst
China’s index futures traders are still betting jittery markets will fall further even as Beijing tries to prop them up, making the futures markets a key battleground in Beijing’s campaign to restore market confidence. Index futures, established in China in 2010, give investors a way to hedge risk, and also provide short-sellers another way to make money in a falling market. Traders note that China’s major future contracts, in particular
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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.
Jamie Dimon unexpectedly said he might sit out future investor calls. Here’s what Dick Bove thinks the JPM chief meant.
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 …
Stocks are again stretching toward the upper end of the durable trading range. Can earnings keep them there this time?
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 …
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 …