The new boss of the New York Stock Exchange talks about the future of the trading floor.» Read More
BOSTON, July 10- Massachusetts' chief securities regulator has hit top Wall Street firms with a blanket of subpoenas, saying he fears elderly people are being targeted for high-risk, alternative investment products.
Massachusetts Secretary of the Commonwealth William F. Galvin said on Wednesday subpoenas have gone out to a group of firms including Morgan Stanley, UBS AG, Fidelity Investments, Bank of America Corp's Merrill Lynch, Wells Fargo& Co and Charles Schwab Corp.
The "Fast Money" traders share their final trades of the day.
*Alcoa rises before reporting earnings after market's close. *Goldman Sachs sees S&P 500 rising to 1,750 at year-end. "We've turned the corner," said Randy Frederick, managing director of active trading and derivatives for Charles Schwab in Austin, Texas. "
NEW YORK, July 5- U.S. U.S. employers added 195,000 jobs to payrolls last month, the Labor Department said, while the unemployment rate held steady at 7.6 percent as more people entered the workforce. Friday's data "would certainly put us on track for that September time frame," said Kathy Jones, a fixed income strategist at Charles Schwab in New York.
LONDON, July 5- The dollar jumped to near a three-year high against other major currencies on Friday after a strong rise in U.S. payrolls in June raised expectations the Federal Reserve may soon start curtailing its monetary stimulus.
*5, 7 and 10- year yields highest since August 2011. NEW YORK, July 5- U.S. Friday's data "would certainly put us on track for that September time frame," said Kathy Jones, a fixed income strategist at Charles Schwab in New York.
Most of the contenders that could afford to compete are funded by a single source—a billionaire. Staging the event itself is estimated to cost as much as $100 million.
Both the Labor Department's weekly jobless claims and employment report for June will be released at 8:30 a.m.. That will certainly cause a lot of volatility, "said Randy Frederick, managing director of trading and derivatives at Charles Schwab& Co Austin, Texas.
Will the market continue on its march to new highs?
*Tenet Health to buy Vanguard Health; Keynote to be bought. NEW YORK, June 24- U.S. stocks dropped to a two-month low on Monday, extending a slide as investors worried about the impact on equities from the Federal Reserve's plan to exit its economic stimulus and a cash squeeze in China that could hurt its economy.
NEW YORK, June 20- Oracle Corp said on Thursday it was moving its stock listing to the New York Stock Exchange from Nasdaq OMX Group's main U.S. exchange, a major coup for NYSE Euronext, as it lands the largest-ever U.S. market transfer.
*SEC says CBOE failed to police for short-selling abuses. *SEC says CBOE edited optionsXpress "Wells" notice reply. *CBOE says exchange is implementing remedial measures.
The SEC widened its crackdown on "naked shorting" by charging the Chicago Board Options Exchange with "systemic breakdowns" in the exchange's regulatory and compliance functions.
As investors rely increasingly on Finra’s database to vet Wall Street professionals, some brokers and executives are trying to remove complaints.
WASHINGTON, June 11- The Chicago Board Options Exchange will pay a $6 million penalty and implement "major remedial measures" to settle civil charges alleging the exchange failed in its regulatory oversight duties and made numerous missteps in properly enforcing short sale rules, U.S. regulators said on Tuesday.
NEW YORK, June 10- A Securities and Exchange Commission judge has ordered optionsXpress, its former chief financial officer and a customer to pay a total of $4.8 million in fines and to return $4.2 million for illegally selling shares they did not hold.
The recent run-up in bond yields is being used to justify portfolio changes in preparation for what could be a much different second half.
Bernanke pre-empted by Dudley: Will he throw it back into Congress' lap?
Some of the names on the move ahead of the open.