Stocks ended lower as investors took a pause after stocks reached two-year highs, and the dollar rose as concerns over European sovereign debt worries resurfaced. Alcoa and JPMorgan fell, while Coca Cola rose.
Stocks slipped into negative territory Wednesday despite several positive economic reports, as concerns over European sovereign debt worries resurfaced. JP Morgan and Alcoa fell, while Coca Cola rose.
Stocks were mixed after a handful of positive economic reports, including a slightly better-than-expected gain in industrial production, and a slightly better-than-expected report on consumer price inflation. Caterpillar and Bank of America rose, while Alcoa fell.
U.S. stock index futures remained lower and largely unchanged despite a slightly better-than-expected report on consumer price inflation and better-than-expected news from a regional manufacturing survey.
Wells Fargo has broken with other big banks by urging US regulators to require mortgage lenders to retain more of the loans they originate, rather than selling them to investors, a practice that helped to fuel the housing bubble, reports the Financial Times.
Yes, and here are four ways to play it.
Merck and Wells Fargo are over-owned while Ford is under-owned by mutual funds, according to third-quarter analysis from Citigroup’s Tobias Levkovich.
Credit card offers are surging again after a three-year slowdown, as banks seek to revive a business that brought them huge profits before the financial crisis wrecked the credit scores of so many Americans, the New York Times reports.
Since taking over as C.E.O., Brian Moynihan has stabilized Bank of America, but he is still grappling with his predecessors’ acquisitions, like Countrywide, the New York Times reports.
If all these forecasters are right about the big jump the stock market is supposed to take in 2011, then investors had better get busy.
Cramer makes the call on viewers' favorite stocks.
Stocks ended modestly higher Wednesday as the dollar rose and Treasurys hit six-month highs on fears the economy would heat up under the tax plan under consideration in Washington. BofA rose, McDonald's fell.
Stocks were struggling for direction Wednesday as the dollar rose and Treasurys hit six-month highs on fears the economy would heat up under the tax plan under consideration in Washington. BofA rose, while McDonald's fell.
Citigroup remains too "interwoven" to fail even after the government has plowed billions into rescuing the banking titan and Congress has passed laws taking aim at financial behemoths, Citi Chairman Richard Parsons told CNBC.
Stocks closed mixed as the Dow turned negative in the final minutes of trading Tuesday after a report from Reuters that said Federal authorities are ramping up Wall Street insider trading probes. 3M and HP fell, while GE rose.
Stocks pared their gains Tuesday after a report from Reuters that said Federal authorities are ramping up Wall Street insider trading probes.
The US government sold off its remaining ownership of Citigroup, booking $12 billion in total profit and sending shares higher on Tuesday. Chris Kotowski, senior research analyst at Oppenheimer, tells CNBC why he's staying long on the stock.
With mortgage rates bottoming and home sales picking up, which stock do you buy?
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Banks will be accused of employing discriminatory credit standards when making mortgages in a series of fair housing complaints that a national consumer coalition plans to file beginning next week.