Christina Rexrode

Stocks soar on budget deal

NEW YORK — The “fiscal cliff” compromise, even with all its chaos, controversy and unresolved questions, was enough to ignite the stock market... Read more

Citigroup to cut 11,000 jobs

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

Banks see best profits in 6 years

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

Stocks sink as companies report weak revenue

NEW YORK — Nobody was expecting this round of corporate financial reports to be great. But underwhelming results – particularly revenue, which... Read more

Profits surge at top mortgage lenders

NEW YORK — Is the mortgage market really back?

The country’s two biggest mortgage lenders, Wells Fargo and JPMorgan Chase, reported... Read more

Knight avoids collapse with $400 million lifeline

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

Dow passes 13,000 on European hope

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