The "Fast Money" traders share their final trades of the day.» Read More
Oct 30- Alabama's Jefferson County and Wall Street creditors have reached agreement on a revised plan to end the second-largest U.S. municipal bankruptcy, county officials said on Wednesday.
NEW YORK, Oct 28- The dollar edged higher on Monday but held close to a nine-month low against major currencies on expectations the Federal Reserve will continue its massive asset purchase program well into next year. Most expect the U.S. central bank will not begin reducing its $85 billion per month bond-buying program until March 2014.
The U.S. Department of Justice appeared to have struck gold last week with the law it wielded against one of the nation's largest banks.
NEW YORK/ WASHINGTON, Oct 28- The U.S. Department of Justice appeared to have struck gold last week with the law it wielded against one of the nation's largest banks over conduct that fueled the financial crisis.
NEW YORK, Oct 22- The dollar slid across the board on Tuesday, hitting its lowest level against the euro in nearly two years, as disappointing U.S. jobs data emboldened expectations that the Federal Reserve will leave its stimulus unchanged for the remainder of the year. U.S. nonfarm payrolls increased by 148,000 workers last month, the Labor Department said.
*U.S. economy adds 148,000 jobs, fewer than expected. NEW YORK, Oct 22- The dollar fell across the board on Tuesday after the government reported the U.S. economy added a disappointing 148,000 jobs last month, cementing expectations that the Federal Reserve is likely to keep its stimulus plan unchanged for the rest of the year.
*Wall Street stocks mixed; IBM shares drop after results. U.S. stocks were mixed, with disappointing results from International Business Machines dragging down the Dow. IBM shares hit a two-year low a day after it reported a 4 percent drop in third-quarter revenue, weaker than expected.
*U.S. House, Senate pass bill to avert debt default. NEW YORK, Oct 17- The dollar fell against the euro on Thursday to its lowest in more than eight months as the end of the U.S. debt stalemate shifted focus to the impact of the government shutdown and the likelihood that Federal Reserve stimulus will stay in place.
*U. S Congress passes temporary spending, borrowing bills. *Gold rises above $1,300 an ounce, oil slides. The overnight deal approved by Congress, which funds the U.S. government until Jan. 15 and raises the debt ceiling until Feb. 7, failed to resolve fundamental issues over spending and deficits that divide Republicans and Democrats.
*U.S. House, Senate pass bill to avert debt default. LONDON, Oct 17- The dollar fell against a basket of currencies on Thursday as investors turned their focus to the economic impact of the U.S. debt impasse and two-week government shutdown.
*Senate deal likely to be approved by House. NEW YORK, Oct 16- The dollar rose on Wednesday after the Senate announced a deal that would avert a U.S. default on its debt and re-open a government that has been partially shut down for two weeks.
Oct 16- BNY Mellon Corp's top executives said on Wednesday that clients had started to flood the trust and custody bank with billions of dollars of deposits as they worry about the effects of the U.S. government shutdown.
Investment firms and big Wall Street banks, including PIMCO, Fidelity Investments, Blackrock Inc, Citigroup Inc and JPMorgan Chase& Co, said they had sold Treasury bonds that expire in the coming weeks, either to protect clients' investment portfolios or their own balance sheets against losses in the event of a U.S. default. 1/ 8 ID: nL1N0HY1JF 3/ 8.
U.S. stock index futures pointed to a higher open on Wednesday, with lawmakers looking to strike a deal to lift the country's borrowing limit before Thursday's deadline.
BOSTON, Oct 16- BNY Mellon Corp's balance sheet has ballooned by nearly $10 billion in October as the bank's clients sit on more cash to ride out the turmoil caused by the U.S. government's shutdown.
Some of the names on the move ahead of the open.
Oct 16- BNY Mellon Corp on Wednesday reported a higher-than-expected quarterly profit on rising fees from managing money, increased mutual fund balances and strength in foreign currency trading. The world's largest custody bank by assets earned $967 million, or 82 cents a share, in the third quarter, compared with $720 million, or 61 cents a share, a year earlier.
Oct 16- BNY Mellon Corp said on Wednesday that its third-quarter profit fell without a one-time tax benefit. The world's largest custody bank by assets earned $967 million, or 82 cents a share, compared with $720 million, or 61 cents a share, a year earlier. Tax Court decision, BNY Mellon said earnings were $706 million, or 60 cents a share.
With a deadline hanging over Congress, stocks could be whipped by headlines from Washington but should ultimately be able to limp through the drama.
NEW YORK, Oct 9- Banks and money market funds are beginning to shun some Treasuries normally used as collateral in the $5 trillion repurchase agreement market, a sign that the deadlock over raising the U.S. debt ceiling could disrupt a key source of day-to-day funding for the financial system.