Shares of OnDeck Capital, an online lender to small businesses, rose as much as 37 percent in their debut, valuing the company at up to $1.8 billion.» Read More
Stock futures, already, down 9 points, dropped an additional 10 points as nonfarm payrolls came in at zero job gains, below expecations of a gain of 70,000. This will increase the confidence of the crowd that argues we are heading into another recession—specifically that third-quarter gross domestic product will go negative.
Futures tumbled further following a report that non-farm payrolls were unchanged in August, disappointing traders who had been estimating an increase.
Lower Manhattan was nearly destroyed in the 9/11 attacks, but 10 years later, with the help of major investment, it has seen a dramatic recovery.
We looked at 12 of the biggest Wall Street firms to see what made them decide to stay or leave. In some cases, the firms responded with a statement about how 9/11 has affected them.
Straight from the mines, rough gold goes through a highly complex process, and often travels around the world before it ever makes it to the consumer.
After a weekend of speculation about how much havoc Hurricane Irene would wreak, the nation’s financial center was largely back to normal on Monday, with resumed subway and bus service making for a better-than-expected commute, the New York Times reports.
The SPDR Gold Trust, with over $60 billion in assets, is far and away the largest gold fund.
German “bad bank” agencies holding billions of euros of Greek debt have still to decide whether to join a bond swap designed to cut Athens’ refinancing burden as part of an EU bail-out, the FT writes.
There are at least 10 exchange-traded funds that have gained more than 40 percent so far this year. Too bad nobody’s buying them.
Market turmoil in Europe and the U.S. may have made financial institutions in Asia—particularly China—even more attractive sources of credit for Latin American banks.
Stocks accelerated their selloff to finish near session lows in light, choppy trading Friday as investors were reluctant to remain in the market ahead of a weekend, amid worries over a global recession in addition to the ongoing euro zone jitters.
The week's top business news and investment advice, including how to trade Europe, US financials, HP's sharp drop and the run-up in gold.
Stocks closed off their worst levels Thursday, but were still down sharply, following a handful of disappointing economic news and over continuing worries over the stability of euro zone banks.
Futures extended their sharp losses Thursday after a gloomy forecast on global growth, continuing worries about the European debt crisis and following news that jobless claims rose more than expected last week.
The debate over whether a tax should be imposed on financial transactions continued Thursday morning as markets around Europe sank again.
The Merkel-Sarkozy proposed fix for Europe is a "step in the right direction," but a "revival" of the transaction tax could drive customers from Europe to banks in emerging markets and the U.S., Deutsche Bank CEO Josef Ackermann warned.
The Securities and Exchange Commission may have destroyed documents related to investigations into major banks and hedge funds, according to Senator Chuck Grassley of Iowa.
The latest proposed fixes for the euro crisis disappointed markets and sent bank stocks tumbling. They "plan to support the banking system but they are going to charge them for it," a trader said.
This secures a source of financing that was not available in 2008.
The American International Group is planning to sue Bank of America over hundreds of mortgage-backed securities, adding to the surge of investors seeking compensation for the troubled mortgages that led to the financial crisis, the New York Times reports.