finance – News Stories About finance - Page 1

Oct 22, 2021 4:30 PM CDT

Private-Equity Firm Bans the D-Word

Saying 'deal' at Partners Group could get you fined $1K

(Newser) - As a private equity firm, making deals is what Partners Group Holdings does—but CEO David Layton has banned the D-word and set up the equivalent of a swear jar. Partners who write or say the word "deal" have to make a $1,000 donation to charity, while the...

Stock Value Sinks After
'Deal Made in Heaven'

markets

Dec 2, 2020 3:40 PM CST

Stock Value Sinks After 'Deal Made in Heaven'

But stocks mostly move up after early losses Wednesday

(Newser) - Stocks shook off early losses and managed to end mostly higher on Wall Street, even as weakness in technology companies weighed on major US indexes, the AP reports. The S&P 500 edged up 0.2% Wednesday after trading lower for much of the day. The Nasdaq fell slightly and...

On Wall Street, a New Record

markets

Nov 27, 2020 2:48 PM CST

On Wall Street, a New Record

The S&P 500 smashes yet another ceiling in shortened session

(Newser) - The S&P 500 rose to a record high in a shortened session Friday as investors continue to look forward to the distribution of a COVID-19 vaccine and relief for the global economy, the AP reports. The benchmark index rose 8.70 points, or 0.2%, led by gains in...

United Stock Sinks
Amid 87% Revenue Plunge

markets

Jul 22, 2020 3:34 PM CDT

United Stock Sinks Amid 87% Revenue Plunge

But other stocks come out OK on a choppy day

(Newser) - Stocks closed with solid gains on Wall Street on Wednesday but only after a choppy day of trading that pulled indexes temporarily into the red, the AP reports. The S&P 500 rose 0.6%. The bumpy day came as investors sized up a mix of company earnings and another...

Stocks Rise After Bit of Good News Breaks

Stocks Rise After Good
News Breaks on the Virus

markets

Jul 15, 2020 3:45 PM CDT

Stocks Rise After Good News Breaks on the Virus

The S&P 500 rises 0.9% following early results on a coronavirus vaccine

(Newser) - Stocks rose across the board on Wall Street Wednesday following some encouraging, though very early results in developing a coronavirus vaccine , the AP reports. Researchers said late Tuesday that one developed by the National Institutes of Health and Moderna revved up people’s immune systems in a preliminary test, as...

Tech Is Making Up for Wall Street Weakness

Caution Is in the Air
Despite Tech Gains

markets

Jul 8, 2020 3:40 PM CDT

Caution Is in the Air Despite Tech Gains

Nasdaq hits another record high

(Newser) - US stock indexes drifted higher on Wednesday, as more gains for big tech companies helped make up for weakness elsewhere across Wall Street, the AP reports. Treasury yields and oil prices were also holding relatively steady. But caution still hung over markets, as gold nudged toward its highest price since...

A Day After Making
History, the Dow Dips

markets

Jul 1, 2020 3:42 PM CDT

A Day After Making History, the Dow Dips

It's a mixed day on Wall Street despite technology gains

(Newser) - Stocks are winding up with a mixed finish on Wall Street, even as gains for technology stocks pushed the Nasdaq to another record close, the AP reports. The Dow edged lower Wednesday but the S&P 500 rose 0.5%, a day after wrapping up its best quarter since 1998....

Stock Market
Says 'Protests,
What Protests?'

markets

Jun 3, 2020 3:15 PM CDT

Stock Market Says 'Protests, What Protests?'

The S&P 500 rises 1.4%

(Newser) - Stocks closed higher on Wall Street, extending the market's winning streak to a fourth day. The S&P 500 rose 1.4% Wednesday. Investors are hoping that the economy will continue to open up following the lockdowns put in place to stem the spread of the coronavirus, the AP...

Reserve Chair
Speaks, and
Wall Street
Slides Again

markets

May 13, 2020 3:15 PM CDT

Reserve Chair Speaks, and Wall Street Slides Again

The S&P 500 lost 1.7% as stocks fell for second straight day

(Newser) - Stocks fell for the second day in a row Wednesday on Wall Street, weighed down by worries about a slow recovery for the economy, the AP reports. The weakness came after Federal Reserve Chair Jerome Powell warned about the threat of a prolonged recession because of the shutdowns related to...

The Fed Is Lending $1T a Day

Mar 21, 2020 9:31 AM CDT

The Fed Is Lending $1T a Day

It's also buying Treasury bonds at a furious pace

(Newser) - The Federal Reserve moved with unprecedented force and speed Friday to pump huge amounts of cash into the financial system to ease disruptions that have escalated since the viral outbreak, the AP reports. The New York Federal Reserve Bank said it will offer $1 trillion of overnight loans a day...

Stocks Take a Rocky Ride

markets

Aug 22, 2019 3:20 PM CDT

Stocks Take a Rocky Ride

And remarks by Fed officials leave investors uncertain

(Newser) - Stocks ended an up-and-down day mostly lower as losses for health care and technology companies offset gains in banks and other sectors, the AP reports. UnitedHealth Group gave up 3.1% Thursday and Adobe lost 1.3%. Remarks from two Federal Reserve bank presidents left investors less certain about the...

Retailers: We Have Good News

markets

Aug 21, 2019 3:22 PM CDT

Retailers: We Have Good News

Target jumps 20%, Lowe's 10% on an upbeat day

(Newser) - Stocks closed higher on Wall Street as investors applauded encouraging quarterly results from major retailers, the AP reports. Target soared 20% Wednesday after releasing earnings that blew past analysts' expectations. Lowe's also jumped 10% after its results beat forecasts. Technology companies accounted for a big share of the gains....

It's a Bad Day for Banks

markets

Aug 20, 2019 3:19 PM CDT

It's a Bad Day for Banks

And the S&P 500 snaps a 3-day winning streak

(Newser) - Financial companies led a modest slide by stocks on Wall Street as a mixed batch of company earnings and declining bond yields weighed on the market, the AP reports. The selling pulled every major sector lower on Tuesday, snapping a three-day winning streak for the S&P 500. Banks took...

The Stock Market
Crashed Monday.
But Not Really

Jul 4, 2017 7:45 AM CDT

The Stock Market Crashed Monday. But Not Really

Websites mistakenly shared incorrect test data showing various stocks at $123.47

(Newser) - In browsing finance websites Monday, investors may have mistakenly thought they'd gained millions or billions of dollars—or lost as much. In reality, Google Finance, Yahoo Finance, CNNMoney, and Bloomberg mistakenly reported Monday that share prices for a variety of companies were exactly the same: $123.47, reports CNNMoney...

Critics Hammer
Marco Rubio on
His Troubles
With Money

Nov 5, 2015 3:06 PM CST

Critics Hammer Marco Rubio on His Troubles With Money

For one, he apparently used GOP money to treat himself to a movie

(Newser) - Does Marco Rubio have the financial discipline to handle the US budget? That's the question critics from both parties are asking this week as the GOP presidential candidate's past financial decisions continue to make headlines. The Tampa Bay Times reports Rubio "routinely" made personal charges on a...

49% of Americans Have Nothing Saved

Oct 7, 2015 5:10 PM CDT

49% of Americans Have Nothing Saved

Only 14% have more than $10K in their savings account

(Newser) - Nearly half of all Americans—49%—have no money in their savings account or no savings account at all, CNBC reports. “It’s worrisome that such a large percentage of Americans have so little set aside,” a financial analyst for the site that conducted the survey tells Market...

BofA Just Showed How Easy It Is to Lose $4B

OPINION

Apr 28, 2014 12:15 PM CDT

BofA Just Showed How Easy It Is to Lose $4B

Is bank too big to keep track of its assets?

(Newser) - Bank of America canceled a planned share buyback program today, after realizing that it had made a tiny little accounting error—and by "tiny little," we mean "$4 billion." "The market's reaction, with about $10 billion of BofA's market value wiped out, was...

Sorry Ladies, Frat Brothers Run Wall Street

investigation

Dec 25, 2013 3:06 PM CST

Sorry Ladies, Frat Brothers Run Wall Street

Bloomberg reveals 'fraternity pipeline' that boosts brothers

(Newser) - The finance industry isn't just dominated by men. It's run by frat brothers who use a "fraternity pipeline" to push their brothers forward over other job candidates, Bloomberg reports. In an investigation, it reveals how bankers help out their buddies, including one case in which an Alpha...

Google Shares Break $1K

Oct 18, 2013 9:55 AM CDT

Google Shares Break $1K

At a high of $1,007.40 after strong Q3 results

(Newser) - Google "big milestones" and this story should show up: Google's stock soared to its highest price today, breaking the $1,000 mark for the first time. (Today's peak thus far has been $1,007.40 per share.) That squashes the previous July peak of $928, CNN...

JPMorgan Report Brings Back Calls to Break Up Banks

Mar 15, 2013 6:38 AM CDT

JPMorgan Report Brings Back Calls to Break Up Banks

'Epic breakdown' in oversight led to $6B loss

(Newser) - A Senate subcommittee report on JPMorgan Chase has slammed America's biggest financial institution so hard for trying to hide $6 billion in losses tied to the "London Whale" fiasco that business analysts are once again talking about the need to break up the biggest banks, reports Bloomberg . JPMorgan...