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JPMorgan Trading Loss Roils Markets, Raises Fears About Bank Risks

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…

The Dow Ekes Out a Positive Close

The Dow Ekes Out a Positive Close

iStockphoto/Thinkstock(NEW YORK) — The Dow snapped a six-day losing streak Thursday, ending the day up 19.98 points. The S&P was also higher, but the NASDAQ ended the day negative. In the U.S., there was slightly better news on weekly jo…

Troubles in Europe Continue to Weigh Heavily on US Stocks

Troubles in Europe Continue to Weigh Heavily on US Stocks

Hemera/Thinkstock(NEW YORK) — Worries about European debt kept the markets down again Wednesday. The Dow was off by as much as 184 points before recovering some of the loss. The Dow ended Wednesday down 95 points. The Nasdaq lost 12, and the S&am…

European Concerns Keep US Stocks Down Another Day

European Concerns Keep US Stocks Down Another Day

Comstock/Thinkstock(NEW YORK) — Investors are clearly concerned about the U.S. and European economies.  Stocks were down at the close of trading yet again Tuesday. The Dow closed down 76.44 points, or 0.6 percent, the fifth consecutive down day f…

Romney Takes Credit for Auto Industry Turnaround

Romney Takes Credit for Auto Industry Turnaround

Joe Raedle/Getty Images(LANSING, Mich.) — Just hours before making his return to his native state of Michigan where he will deliver a speech at a local university here, Mitt Romney reiterated his claim that he should be given credit for the resurgence…

US Stock Markets End the Day Mixed; Gas Prices Lower

US Stock Markets End the Day Mixed; Gas Prices Lower

Hemera/Thinkstock(NEW YORK) — It certainly wasn’t a stellar day on Wall Street, but the reaction to elections in Europe was rather muted. The Dow closed down 29.74 points, while the S&P and NASDAQ ended the day up slightly. Market …

US Will Unload More AIG Shares

US Will Unload More AIG Shares

STAN HONDA/AFP/Getty Images(WASHINGTON) — The U.S. government said Monday that it will sell $5 billion in AIG shares, one of a series of offerings since the insurance giant received the biggest bailout in history.The Government Accounting Office said …

Wall Street on Edge as Markets React to French, Greek Elections

Wall Street on Edge as Markets React to French, Greek Elections

Hemera/Thinkstock(NEW YORK) — Investors on Wall Street could be in for a rough day on Monday as the market reacts to elections results out of Greece and France.  Stock futures were down ahead of the opening bell.On Sunday, Socialist candidate Fra…

Stocks Fall on Jobs Report; Oil Drops, Too

Stocks Fall on Jobs Report; Oil Drops, Too

Hemera/Thinkstock(NEW YORK) — The underwhelming monthly employment report  helped to push the markets down to end the week. With investors concerned about the pace of economic growth in the U.S., the Dow dropped 158 points, the Nasdaq lost 62 and…

Stocks Helped by Weekly Jobs Numbers

Stocks Helped by Weekly Jobs Numbers

Comstock/Thinkstock(NEW YORK) — The weekly jobs report, released Thursday, was encouraging, but it wasn’t enough to keep investors in the mood to buy. The Dow lost 62 points, while the Nasdaq and the S&P gave up 36 points and 11 points, respective…

Facebook IPO May Value Company at $85 to $95 Billion

Facebook IPO May Value Company at $85 to $95 Billion

Peter Foley/Bloomberg via Getty Images(NEW YORK) — Facebook announced that it is raising as much as $11.8 billion in stock, which would make this the biggest Internet IPO since Google’s in 2004, with an offering price between $28 and $35 a share. The …

Median 401(k) Balance Down to $23,000

Median 401(k) Balance Down to $23,000

Photodisc/Thinkstock(NEW YORK) — At the peak of his retirement savings, around 2006, John Taylor had about $66,000 in his employer-sponsored 401(k)—until the recession and a chain of unexpected events drained his fund completely. Taylor’s story …

Stocks Lose Ground with Troubling Jobs Report

Stocks Lose Ground with Troubling Jobs Report

Hemera/Thinkstock(NEW YORK) — Investor worries about a possible slowdown in U.S. hiring kept the Dow in the minus column Wednesday, one day after its best close in four years. The Dow lost 11 points Wednesday, and the S&P dropped four.  The N…

Manufacturing Report Boosts US Markets

Manufacturing Report Boosts US Markets

Hemera/Thinkstock(NEW YORK) — A better-than-expected report on manufacturing helped the markets rally on the first day of May. The report also gave the Dow its best close in four years Tuesday, up 66 points at 13,279. The Nasdaq gained just four point…

Former ’60s Activist Bill Ayers Among May Day Protesters

Former ’60s Activist Bill Ayers Among May Day Protesters

May Day Protest in NYC. EMMANUEL DUNAND/AFP/GettyImages(CHICAGO) — Occupy protesters have amped up May Day labor demonstrations across the country with a wide range of partnering organizations and individuals. Former 60s anti-war activist William &ld…

Zuckerberg Explains Life-Saving Facebook Tool, Stays Mum on IPO

Zuckerberg Explains Life-Saving Facebook Tool, Stays Mum on IPO

Rick Rowell/ABC News(NEW YORK) — Conversations over the dinner table with his med-student girlfriend helped Mark Zuckerberg formulate his latest big idea — harnessing the power of Facebook to help eliminate the critical shortage of organs for pa…

Gas Down 4 Cents, Stocks and Oil Down Too

Gas Down 4 Cents, Stocks and Oil Down Too

Hemera Technologies/Thinkstock(NEW YORK) — Gas prices continued their slide down Monday. The average price of a gallon of regular gas is $3.83, down 4 cents from a week ago, according to the Department of Energy.  This price is also down 13 …

Housing Data Pushes Stocks Higher

Housing Data Pushes Stocks Higher

Ben Hider/Getty Images(NEW YORK) — A lackluster weekly jobless report didn’t do much to stop the markets Thursday. Encouraging news on home sales seemed to help stocks along. The Dow closed up 114 points Thursday, while the Nasdaq and the S&P…

Apple Stock Is a Boon for Nasdaq

Apple Stock Is a Boon for Nasdaq

Photodisc/Thinkstock(NEW YORK) — Apple’s blowout-earnings report on Tuesday were a show-stealer for the stock market Wednesday, with the company stock shooting up more than $50 dollars a share. Apple’s gains Wednesday — the tech company’s bigge…

Stocks Mixed at Close; Earnings Reports Continue to Boost Markets

Stocks Mixed at Close; Earnings Reports Continue to Boost Markets

Medioimages/Photodisc/Thinkstock(NEW YORK) — News on corporate earnings helped the markets overall Tuesday, although the Nasdaq closed in the minus column. The Dow gained 75 points, and the S&P added five.  The Nasdaq failed to gain any …

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