Archive for category Finance News

Sector Snap: Big bank stocks sink

Bank stocks fell Monday as worries mounted over Europe’s debt crisis and JPMorgan Chase & Co. said a senior executive would step down after the bank lost $2 billion on a bad trading strategy.Worries mounted …

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Which Stocks Look Ready to Surge and Sink with Earnings Next Week?

Stocks tend to be most volatile around earnings season, when a good or bad report can make or break it. However, a good or even great earnings report doesn’t necessarily translate into a huge pop for a …

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US Treasury sells $5.75B more of AIG stock

The U.S. Treasury has finished selling a round of shares of American International Group Inc. worth $5.75 billion, AIG said Thursday.The transaction helped pay down AIG’s debt to taxpayers, amassed through …

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Surprising JPMorgan loss hits stock market late

Surprising JPMorgan loss hits stock market lateStock index futures fell sharply on Thursday evening as JPMorgan Chase & Co stunned investors with news that its chief investment office had incurred “significant mark-to-market losses” that …

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U.S. House votes to renew Ex-Im Bank, boost credit cap

The House of Representatives on Wednesday voted to renew the U.S. Export-Import Bank’s charter until September 2014 and gradually raise its lending cap to $140 billion, disappointing conservative groups …

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S&P 500 flirts with two-month low before rebound

S&P 500 flirts with two-month low before reboundStocks fell for the fifth day in six on Wednesday as investors kept their focus on the turmoil in Europe, but news that Greece will receive its latest debt bailout payment helped cut losses late in the …

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Treasury further lowers government stake in AIG

Treasury further lowers government stake in AIGThe Treasury on Monday said it is trimming its ownership stake in American International Group Inc to 61 percent from 70 percent by selling more shares of the insurer’s common stock. The U.S. government …

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Rates mixed at weekly Treasury auction

Interest rates on short-term Treasury bills were mixed in Monday’s auction with the rate on six-month bills unchanged while the rate on three-month bills dropped to the lowest level in two weeks.The Treasury …

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USD Index Eyes 10,000 On Less Dovish Fed, JPY Reversal On Tap

USD Index Eyes 10,000 On Less Dovish Fed, JPY Reversal On Tap

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Fed’s Fisher not yet ready to push for policy exit

The U.S. Federal Reserve should not start raising interest rates yet, a top Fed official known for his hawkish views on inflation said on Tuesday. “I’m not yet ready to advocate an exit strategy,” …

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