Even with spotty economic data, the unofficial odds are rising that the Fed will announce plans at its December meeting to taper its bond-buying.» Read More
With the D.C. debacle putting the focus on debt, are investors more cognizant of the debt that companies carry on their balance sheets?
Wall Street's bulls may be partying hard on the prospect of a Washington debt deal, but the actual vote is likely to trigger a "sell the news" letdown.
Take a look at some of Wednesday's midday movers:
All doom-and-gloom aside, the federal government is unlikely to run out of money Thursday, even if the latest hopes for a budget deal don't pan out.
The CFTC has signed off on a $100 million settlement with JPMorgan over charges connected to the so-called London Whale trades.
As stocks rallied on optimism for a debt deal, traders bid up close-dated Treasury bills, a highly volatile corner of the bond market that looked most fearful of a U.S.default
Prosecutors had accused Cuban of insider trading, alleging he avoided over $750,000 in losses by selling 600,000 shares of a search engine in 2004.
The U.S. gets an ominous warning from a credit rating agency, just as the shutdown fiasco is starting to manifest in earnings reports.
The amount of money going into hedge funds hit a five-year high in September, a sign that the industry is returning to pre-financial crisis levels.
The federal investigations into JPMorgan are like cops following you for 500 miles, Warren Buffett said. "You're going to get a ticket."
JPM has reached a preliminary agreement to admit that the trading blowup itself represented reckless behavior, the NYT reports.
Some of the names on the move ahead of the open.
Happy Wednesday. Hours to debt Armageddon ... or not.
With a deadline hanging over Congress, stocks could be whipped by headlines from Washington but should ultimately be able to limp through the drama.
Bank of America beat Wall Street's third quarter expectations on Tuesday.
"The core business is really accounting for only 15 percent of the stock price," Ironfire Capital's Eric Jackson says.
Greenlight Capital gained 4.3 percent in the third quarter and is now up 11.8 percent for the year.
If the government cannot make its payments because of the debt ceiling, banks might fill in the gap.
Being out of business for 14 days has already put progress on financial regulation, which requires the signoff of multiple agencies, on ice.
"These guys are going to keep executing, keep making expectations for the foreseeable future," says Craig Irwin of Wedbush Securities.