Investors should focus on companies with domestic exposure, Bespoke Investment Group's Paul Hickey says.» Read More
Bank of America Corp. rose$. 08 or. 5 percent, to $15.33. Citigroup Inc. fell$. 24 or. 5 percent, to $48.67. Goldman Sachs fell $1.12 or. 6 percent, to $171.75.
Bank of America Corp. fell$. 33 or 2.1 percent, to $15.25. Citigroup Inc. fell $1.08 or 2.2 percent, to $48.91. Goldman Sachs fell $2.89 or 1.6 percent, to $172.87.
WASHINGTON— Companies overseeing millions of mortgage loans appear to be skirting new federal regulations and legal settlements intended to stop them profiteering at the expense of troubled homeowners.
Though the U.S. unemployment rate has plunged since the start of last year to a five-year low of 6.1 percent, the Gallup Organization has found that consumers' view of the economy is the glummest it's been in seven months. At 53, Hunter now works three days a week for $9.25 an hour, mopping floors and fixing fryers at two McDonald's restaurants in Chicago.
Bank of America Corp. rose$. 24 or 1.6 percent, to $15.58. Citigroup Inc. rose$. 58 or 1.2 percent, to $50.00. Goldman Sachs rose$. 22 or. 1 percent, to $175.76.
*Twitter shares rally a day after results. Among the biggest positives were bank shares, with the S&P financial index up 0.4 percent, helping to support the S&P 500. Shares of Wells Fargo gained 1.1 percent to $52.10.
NEW YORK, July 30- The S&P 500 was near flat on Wednesday after the Federal Reserve gave a rosier assessment of the U.S. economy while reaffirming that it is in no hurry to raise interest rates.
NEW YORK, July 30- The S&P 500 turned higher while the Dow pared losses on Wednesday after the Federal Reserve raised its assessment of the U.S. economy while reiterating it is in no hurry to increase interest rates. Shares of Wells Fargo gained 1.4 percent to $52.26.
WASHINGTON— In a story July 29 about consumer debt reported to collection agencies, The Associated Press erroneously indicated that 80 percent of Americans have no debt on file. The study released Tuesday by the Urban Institute found that 20 percent of Americans with credit records have no debt on file.
July 30- Lorillard Inc. on Wednesday reported significant declines in its electronic cigarettes sales, raising questions about the strength of the nascent market. Sales of its electronic devices dropped 35 percent to $37 million for the second quarter ended June 30, 2014 compared to $57 million for the same period last year.
Bank of America Corp. rose$. 09 or. 6 percent, to $15.43. Citigroup Inc. rose$. 43 or. 9 percent, to $49.85. JPMorgan Chase rose$. 09 or. 2 percent, to $58.73.
Bank of America Corp. rose$. 13 or. 8 percent, to $15.47. Citigroup Inc. rose$. 74 or 1.5 percent, to $50.16. Goldman Sachs rose$. 83 or. 5 percent, to $176.37.
*Nonfarm payrolls forecast rising 233,000 in July. WASHINGTON, July 29- U.S employment growth likely retained enough momentum in July to help buoy the economy for the rest of the year. The recovery is on solid ground and we are expecting the data to show that in the month of July, "said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ in New York.
WASHINGTON— More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.
Bank of America Corp. fell$. 09 or. 6 percent, to $15.50. Citigroup Inc. fell$. 33 or. 7 percent, to $49.70. Goldman Sachs rose$. 55 or. 3 percent, to $175.95.
Bank of America Corp. fell$. 12 or. 8 percent, to $15.47. Citigroup Inc. fell$. 37 or. 7 percent, to $49.66. US Bank fell$. 37 or. 9 percent, to $42.38.
July 25- Shares of WellCare Health Plans Inc fell 22 percent on Friday, a day after the healthcare provider reported a surprise loss due to high costs for Medicaid plans in Florida and the company halved its forecast for full-year adjusted profit.
Bank of America Corp. fell$. 06 or. 4 percent, to $15.53. Citigroup Inc. fell$. 15 or. 3 percent, to $49.88. Goldman Sachs rose$. 01 or percent, to $175.41.
NEW YORK, July 25- Small U.S. brokerages are beefing up their training and presence on campuses to woo future employees as the industry faces a mass exodus of retiring financial advisers over the next decade.
NEW YORK— They're hot, yet many investors have no idea what they do. These mutual funds go by a few names, and it doesn't help that some are inscrutable like "liquid alts," but they generally fall under an umbrella known as alternative mutual funds. Investors plugged a net $35 billion into alternative mutual funds over the last 12 months, according to Morningstar.