Apple Watch fashion, no more Chevy Volt and making money from the CA drought
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.
After foreclosures, home buyers are back
The housing industry is slowly seeing the return of buyers like Rick LeBlanc, who lost his Michigan home to foreclosure during the financial crisis but now qualifies for a mortgage again. Mr. LeBlanc, …
Dimon Sees Clouds Lifting
James Dimon says the regulatory cloud is lifting above J.P. Morgan Chase & Co. But the CEO still forecasts some squalls ahead. In his annual shareholder letter released late Wednesday, Mr. Dimon blamed legal and regulatory costs for weighing on the firm’s share price but said he expects the firm’s legal costs to “normalize” in 2016. The chief executive said the bank still faces legal uncertainty, highlighting continuing foreign-exchange settlement
The oil industry's $26 Billion life raft
For U.S. shale drillers, the crash in oil prices came with a $26 billion safety net. At the top of the list are the same Wall Street banks that financed the biggest energy boom in U.S. history, including JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc. and Wells Fargo & Co.
Tommy Chong nixed from pot lobbying push as legal marijuana tries to grow up
When the National Cannabis Industry Association descends on Capitol Hill later this month, Tommy Chong, the actor who spent years smoking up on screen and pushing for America to legalize marijuana, won’t be there.
Dimon, now Summers: There's a liquidity problem
The former Treasury secretary said regulators should make a priority of addressing the problems of bond market liquidity, brought on by efforts to make institutions safer after the crisis.
Apple says smartwatch demand to exceed supply at launch
Apple Inc said on Thursday demand for its new smartwatch would exceed supply when the gadget hits stores on April 24. Apple said it saw “tremendous interest” for the watch from people visiting its stores and website. The Apple Watch could make life easier for people on the move, but the gadget got poor marks for battery life and slow-loading apps from reviewers.
Meet DJ Patil: Obama’s Big Data dude
DJ Patil is still settling into his White House office. It’s by far the most prestigious place he’s ever worked, but it looks more like a bootstrapping startup than a precinct of Washington power.
U.S. jobless claims dropped to lowest level in almost 15 years over past month
Fewer Americans applied for unemployment benefits over the past four weeks than at any time in almost 15 years, signaling underlying strength in the labor market even as hiring cooled last month.
Gauging the timing of a US rate hike
David Roche, global strategist at Independent Strategy, says the minutes from the previous FOMC meeting contain no message about when the Fed could lift interest rates.
