Stock Markets to Reopen After Hurricane Sandy Shut Down NYSE
Hemera/Thinkstock(NEW YORK) — Hurricane Sandy‘s winds and rains subsided Tuesday, and the New York Stock Exchange announced it will open for normal operations on Wednesday. This was the first time since 1888 that weather shut down stock tr…
Stock Markets to Reopen After Hurricane Sandy Shut Down NYSE
Hemera/Thinkstock(NEW YORK) — Hurricane Sandy‘s winds and rains subsided Tuesday, and the New York Stock Exchange announced it will open for normal operations on Wednesday. This was the first time since 1888 that weather shut down stock tr…
Stock Markets to Reopen After Hurricane Sandy Shut Down NYSE
Hemera/Thinkstock(NEW YORK) — Hurricane Sandy‘s winds and rains subsided Tuesday, and the New York Stock Exchange announced it will open for normal operations on Wednesday. This was the first time since 1888 that weather shut down stock tr…
Stock Markets to Reopen After Hurricane Sandy Shut Down NYSE
Hemera/Thinkstock(NEW YORK) — Hurricane Sandy‘s winds and rains subsided Tuesday, and the New York Stock Exchange announced it will open for normal operations on Wednesday. This was the first time since 1888 that weather shut down stock tr…
Fears Mount as China Reports Weak Trading Data in July
iStockphoto/Thinkstock(BEIJING) — Worries are mounting over the strength of the global economy after China, the world’s second largest economy, reported worse than expected trade data on Friday.In July, China’s exports rose by 1 percent from a y…
JPMorgan Reports $5B Profit, Expands Trading Loss
Peter Foley/Bloomberg via Getty Images(NEW YORK) — JPMorgan Chase, still reeling from trading losses in its investment unit, reported a second-quarter profit of $5 billion on Friday.Investors were less interested in the largest U.S. bank’s net i…
Report: JPMorgan Chase Trading Loss Could Rise to $9 Billion
Peter Foley/Bloomberg via Getty Images(NEW YORK) — Trading losses at JPMorgan Chase may be much bigger than previously thought.Citing people familiar with the matter, The New York Times reports the bank’s losses may have ballooned to as much as $9 bil…
JPMorgan Execs to Hear from Shareholders Following $2B Loss
STAN HONDA/AFP/Getty Images(TAMPA, Fla.) — JPMorgan Chase executives are likely to get an earful from shareholders on Tuesday when they convene in Tampa, Fla.The bank’s $2 billion in-house trading operating loss is expected to be a hot topic at the an…
JPMorgan Execs Behind $2 Billion Trading Loss Expected to Resign
STAN HONDA/AFP/Getty ImagesUPDATE: Ina Drew, the chief investment officer at JPMorgan Chase, “has made the decision to retire from the firm,” the company announced on Monday.In a statement, JPMorgan said Drew will be succeeded by Matt Zanes, the curren…
JPMorgan Trading Loss Roils Markets, Raises Fears About Bank Risks
STAN HONDA/AFP/Getty Images(NEW YORK) — JP Morgan Chase & Co. is rocking the financial markets with the disclosure that its in-house trading operating lost $2 billion in the past six weeks, raising new questions about whether the big banks that ca…