Cliffs Natural Resources CEO Lourenco Goncalves refused to answer questions from a Wells Fargo analyst on Tuesday during an earnings conference call.» Read More
NEW YORK— Amazon has long acted like an ideal customer on its own website: a freewheeling big spender with no worries about balancing a checkbook. Investors confident in founder and CEO Jeff Bezos' invest-and-expand strategy flooded into the stock as the company revolutionized shopping, upended the book industry and took on the cloud— even though its vast range...
Bank of America Corp. rose$. 20 or 1.2 percent, to $16.60. Citigroup Inc. rose$. 71 or 1.4 percent, to $51.41. Goldman Sachs rose $3.23 or 1.8 percent, to $180.06.
Bank of America Corp. rose$. 28 or 1.7 percent, to $16.68. Citigroup Inc. rose$. 90 or 1.8 percent, to $51.60. US Bank rose$. 56 or 1.4 percent, to $40.45.
Bank of America Corp. rose$. 17 or 1.0 percent, to $16.57. Citigroup Inc. rose$. 68 or 1.3 percent, to $51.38. Goldman Sachs rose $2.53 or 1.4 percent, to $179.36.
Four years since foreclosures during the Great Recession, former borrowers are returning to the mortgage market, reports the New York Times.
Sharp drops in many of the stocks owned by Buffett's Berkshire Hathaway in recent weeks hit the sprawling conglomerate's equity portfolio hard. The loss on seven of those holdings alone totals more than $5 billion provided Berkshire's stakes have remained the same since June 30, the last date for which they were disclosed. Berkshire Hathaway did not respond...
Bank of America Corp. fell$. 20 or 1.2 percent, to $16.40. Citigroup Inc. fell$. 57 or 1.1 percent, to $50.70. Goldman Sachs fell $3.35 or 1.9 percent, to $176.83.
Bank of America Corp. fell$. 03 or. 2 percent, to $16.58. Citigroup Inc. rose$. 06 or. 1 percent, to $51.33. JPMorgan Chase rose$. 12 or. 2 percent, to $58.05.
Bank of America Corp. rose$. 07 or. 4 percent, to $16.67. Citigroup Inc. rose$. 37 or. 7 percent, to $51.64. Goldman Sachs fell $1.15 or. 6 percent, to $179.03.
Warren Buffett is happy to admit his mistakes when he makes them—just don't remind him how much money he lost in the process.
NEW YORK, Oct 21- Ocwen Financial Corp may have harmed hundreds of thousands of borrowers by sending backdated letters about loan modifications and foreclosures, New York state's financial regulator said on Tuesday, sparking a selloff in shares of the mortgage servicer. The company denied loan modifications in letters that borrowers received more than 30...
Bank of America Corp. rose$. 34 or 2.1 percent, to $16.60. Citigroup Inc. rose$. 74 or 1.5 percent, to $51.27. Morgan Stanley rose$. 74 or 2.2 percent, to $34.06.
SINGAPORE/ PARIS, Oct 22- From Scandinavia to Southeast Asia, low-cost airlines have ordered record numbers of planes in recent years, redefining the jet industry. Between them, Indonesia's Lion Air, Malaysia's AirAsia and Norwegian Air Shuttle have ordered more than 1,400 Airbus and Boeing jets, worth about $140 billion at current list prices.
NEW YORK, Oct 21- Shares of Ocwen Financial Corp tumbled on Tuesday after New York's financial regulator said the company, one of the largest U.S. collectors of mortgage payments, may have harmed hundreds of thousands of borrowers by sending letters about loan modifications and foreclosures that were dated months earlier. The company, which has been under...
Bank of America Corp. rose$. 22 or 1.4 percent, to $16.48. Citigroup Inc. rose$. 69 or 1.4 percent, to $51.22. Goldman Sachs rose $1.45 or. 8 percent, to $179.29.
Bank of America Corp. rose$. 11 or. 7 percent, to $16.37. Citigroup Inc. rose$. 45 or. 9 percent, to $50.98. Goldman Sachs rose $1.32 or. 7 percent, to $179.16.
NEW YORK— After more than five years of stock market gains, investors could be forgiven for worrying that big sell-offs may be the harbingers of bigger slumps. Headlines about the spread of Ebola and the deepening conflict with Islamic State fighters in the Middle East also turned investors cautious. Erik Davidson, deputy chief investment officer for Wells...
Spare a thought for Warren Buffett, whose portfolio is not doing him any favors this week.
Bank of America Corp. rose$. 05 or. 3 percent, to $16.26. Citigroup Inc. rose$. 46 or. 9 percent, to $50.53. Goldman Sachs rose$. 93 or. 5 percent, to $177.84.
CUPERTINO, Calif.— Apple's mobile payment system, Apple Pay, made its debut Monday. Now you can flash your new iPhone in the checkout line to pay for food, clothing and other goods. There's no need to pull out your credit card.