Bank stocks fell Friday afternoon along with the broader market as concerns over Europe's debt crisis returned. JPMorgan (JPM) stock dropped 1.5% even though the country's largest bank by assets reported $5.7 billion in third quarter profits, up 34% from a year ago.
Politics is not generally a fact-based realm, and last night's VP debate was no exception. According to Robert Farley, the Deputy Managing Editor of FactCheck.org, both Joe Biden and Paul Ryan stretched or stomped all over the truth during the debate.
With two debates down and two to go, there's a lot of talk about who's winning and losing, about "style points" and, of course, intense scrutiny on what's been said. But let's take a moment to reflect on what hasn't been discussed or hasn't gotten nearly enough attention at the halfway point of the debate cycle.
Before ecommerce grew into retail’s top buzz word and changed the way consumers shop and brands advertise, there was the catalog.
Hedge funds are having one of their worst performing years in over a decade. Bank of America Merrill Lynch reports that hedge funds are posting their smallest gains since 1997, and through the third quarter this year advanced just over 3% while the S&P 500 (GSPC) gained 13%.
From indispensable to just-for-fun, 10 websites that you should consider bookmarking, according to The New York Times.