Fed might remind forgetful investors that rate cycles can hurt
The agony of running a marathon fades from memory over time. Investors might be experiencing a similar effect when it comes to running the course of Fed interest rate cycles.
U.S. economy stalls in the first quarter
The world’s largest economy sputtered to a near-halt in the first quarter, choked by slumping U.S. business investment and exports.
US seeks criminal charges against Lumber Liquidators
The Justice Department is seeking criminal charges against Lumber Liquidators in an ongoing investigation over imported products. The company revealed the Justice Department push in a regulatory filing …
Pimco hires Bernanke as senior adviser
Former Federal Reserve chairman Ben Bernanke is joining bond giant Pimco as a senior adviser, as the firm seeks to bolster its star power following the departure of co-founder Bill Gross. The move may be questioned by some competitors who had criticized the Fed during Bernanke’s reign for being too close to Pimco, whose full name is Pacific Investment Management Co. The critics suggested that could have potentially given the
Here are the odds of a Fed rate hike this year
As investors eagerly await clues about the timing of an interest rate hike, the futures market is pricing in a more dovish scenario than last month.
Clinton Foundation failed to disclose 1,100 foreign donations
Hillary Clinton’s presidential run is prompting new scrutiny of the Clintons’ financial and charitable affairs—something that’s already proved problematic for the Democratic frontrunner, given how closely these two worlds overlap. Last week, the New York Times examined Bill Clinton’s relationship with a Canadian mining financier, Frank Giustra, who has donated millions of dollars to the Clinton Foundation and sits on its board. Clinton, the story suggests, helped Giustra’s company secure a lucrative
Twitter CEO's credibility at risk after results fall short
Dick Costolo’s credibility is on the line. Twitter Inc.’s chief executive officer failed to foresee a slowdown that forced the social-media company to miss analysts’ first-quarter revenue estimates and cut its 2015 sales forecast, sending the stock tumbling. While this isn’t the first time Twitter has fallen short on promised results, investors had been told that new features and services, as well as a management overhaul, were starting to pay
U.S. economy stalls in first quarter as weather, lower energy prices bite
U.S. economic growth braked more sharply than expected in the first quarter as harsh weather dampened consumer spending and energy companies struggling with low prices slashed spending, but there are signs activity is picking up.
Fed rate watch, Twitter to report, Tyson going antibiotic free
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.
Oil rallies briefly after Iran seizes cargo ship
Oil prices turned positive on Tuesday after reports that Iran had seized an U.S. cargo vessel raised geopolitical tensions and concerns about the security of Middle East crude shipments.
