Stocks plunge 1 percent amid overseas decline; Dow off triple digits
U.S. stocks traded sharply lower on Friday, following a global decline in equities on renewed Greece concerns and new Chinese trading regulations.
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Low interest rates creating havoc: BlackRock CEO Fink
The pain created by low interest rates is misunderstood and not talked about enough, BlackRock CEO Laurence Fink tells CNBC.
Can stocks stay aloft with global bond yields crashing?
What to watch in the markets today. The stock rally has come as Treasury yields have sunk, viewed by some traders as an odd divergence. Etsy and Virtu IPOs offer a telling contrast.
Ex-Fed chair Bernanke joins hedge fund Citadel as advisor
Ben Bernanke, the former Federal Reserve chairman and one of the world’s most closely watched economic thinkers, is joining one of the most successful hedge funds as an advisor, Citadel LLC said in a statement on Thursday. Bernanke, who retired from the U.S. central bank in 2014 after eight years at its helm, will advise the $25 billion hedge fund’s teams plus its investors on developments in monetary policy, financial
Social app Tilt offers easy way to collect cash, for causes or keg parties
Backed by well-connected venture capitalists, founder James Beshara says Tilt stands out in a crowded mobile-payments field with its focus on small groups pooling their money for a defined purpose.
Apple invests in China solar project, US forest conservation
Apple is expanding its environmental efforts by investing in a new Chinese solar power project and preserving 36,000 acres of “sustainable” timberland in Maine and North Carolina. The initiatives …
U.S. housing starts data underperforms; jobless claims rise
U.S. housing starts rose far less than expected in March and permits recorded their biggest drop since last May, which could raise concerns about the economy’s ability to bounce back from a soft patch hit in the first quarter. Groundbreaking increased 2.0 percent to a seasonally adjusted annual pace of 926,000 units, the Commerce Department said on Thursday. Starts for single-family homes rose, while groundbreaking for the multifamily segment fell
World's biggest wealth fund says monetary risks at historic high
For Norway’s $890 billion sovereign-wealth fund, the investment risks stemming from monetary policy have never been greater. Like most global investors, the Oslo-based fund is trying to navigate uncharted terrain as central banks across the world push out stimulus to protect economic growth and spur inflation.
Citigroup's earnings rise 21 percent, beating estimates
Citigroup said Thursday that its first-quarter net income rose 21 percent as the company continued to slim down its operations and control expenses. The bank earned $4.8 billion, or $1.51 a share, in the …
