31 min ago | People's Daily
Dollar mixed on profit results
The U.S. dollar traded mixed against major currencies on Friday on better-than-expected profit report from Citigroup and disappointing high-tech earnings.
Ex-Bear Stearns Hedge-Fund Managers May Face More Charges in U.S. Probe
Former Bear Stearns Cos. hedge fund managers Ralph Cioffi and Matthew Tannin , indicted for fraud and conspiracy last month in the first case stemming from a federal probe of the mortgage-market collapse, may ...
NEW YORK: The dollar rose against a basket of six major currencies on Friday, boosted by news Citigroup Inc posted a smaller-than-expected loss in the second quarter, further calming fears about the health of ...
U.S. Stocks Advance as JPMorgan Profit Beats Estimates, Oil Price Declines
U.S. stocks advanced for a second day after JPMorgan Chase & Co. reported earnings that topped analysts' estimates and falling oil prices sparked a rally in consumer shares.
Venture capital investments hold steady in 2Q
Trader Tommy Kalikas talks on his phone as he checks his digital notepad during early trading at the New York Stock Exchange, Thursday July17, 2008.Stocks mostly rose Thursday as investors parsed ...
JPMorgan Takes Dip in 2Q Results, Offers Mea Culpa for Jumbo Mortgages
JPMorgan Chase & Co. reported a net income of $2 billion, down 52% from $4.2 billion in the second quarter of 2007.
Federal prosecutors eye more charges for Bear Stearns executives
Federal prosecutors in the United States confirmed Friday that they expect to bring more criminal charges against two former Bear Stearns hedge fund managers already accused of lying to investors about the ...
Dollar slips against euro, yen; rises vs pound
The dollar drifted lower against the euro and yen today after the European Central Bank's president said inflation would edge back to around 2 percent within a year-and-a-half, and economic growth was likely to ...
Financial Stocks: Fannie, Freddie lead banks higher
Fannie Mae and Freddie Mac shares surged again Thursday, and better-than-expected earnings from J.P. Morgan Chase and Huntington Bancshares helped power the financial-services sector higher for a second day.
Citigroup reports third straight quarterly loss
Citigroup, the biggest U.S. bank by assets, reported its third straight quarterly loss after at least $7 billion of credit-market writedowns.
Stocks end higher on falling energy prices
The Dow Jones industrial average rose more than 200 points, bringing their two-day advance to more than 480.
Merrill Lynch posts 2Q loss; sells Bloomberg stake
Merrill Lynch & Co. on Thursday issued its latest assessment of the damage it has suffered from the credit crisis: its fourth straight quarterly loss and write-downs from failed investments approaching $40 ...
JPMorgan, Harley, eBay, Starbucks among big movers
Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market: NYSE Story Stox for 7/18 JPMorgan Chase & Co., up $4.48 at $40.42 The banking behemoth reported ...
JPMorgan profit falls, beats expectations
The third-largest U.S. bank, which bought Bear Stearns Cos. in May, had until now mostly sidestepped the credit crisis that has seen massive write-downs for Wall Street firms.
SEC on the hunt for rumormongers
The Securities and Exchange Commission has issued subpoenas in recent weeks to some Wall Street giants and hedge fund managers, searching for information on the suspected rumors that some say led to the fall of ...
Earnings Preview: JP Morgan Chase
Chas e is expected to report Q2 earnings before market open on Thursday, July 17, with a conference call scheduled for 8:00 am ET.
SEC issues emergency rule to curb short sales
U.S. securities regulators issued an emergency rule on Tuesday to limit certain types of short selling in major financial firms, including Fannie Mae and Freddie Mac .
Bank shares sink to 1996 levels on loss fears
U.S. bank shares fell to their lowest level since 1996 on fears of greater credit losses for an already battered sector.
David Weidner's Writing on the Wall: Heroes of the Wall Street crisis
Heroes are made not in the best of times, but in times of trouble, when things look bleakest.
Ken Langone one of the most powerful men on Wall Street - 'respected if not always admired.