NEW YORK — The “fiscal cliff” compromise, even with all its chaos, controversy and unresolved questions, was enough to ignite the stock market... Read more
NEW YORK — Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat.
The cuts amount to about... Read more
WASHINGTON — U.S. banks are enjoying their best profits in six years and are lending a bit more freely. The gradual improvement suggests that... Read more
NEW YORK — Nobody was expecting this round of corporate financial reports to be great. But underwhelming results – particularly revenue, which... Read more
NEW YORK — Is the mortgage market really back?
The country’s two biggest mortgage lenders, Wells Fargo and JPMorgan Chase, reported... Read more
NEW YORK — Knight Capital Group survived a near-death experience Monday, lining up Wall Street firms to lend it badly needed cash after the... Read more
NEW YORK — Faced with Facebook, Starbucks and Angela Merkel, the market chose to focus on Merkel.
For a second day, the U.S. stock market... Read more