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February 7, 2019

Wall Street slides on renewed U.S.-China trade fears

NEW YORK (Reuters) - Wall Street stocks sank on Thursday as worries that the United States and China would not be able to reach a trade deal increased concerns about

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Investing
January 30, 2019

Apple revenue should continue to shrink, so why is the stock up?

Apple Inc. posted a sharp decline in revenue for its holiday quarter. That wasn’t a surprise. What follows might be. The company issued a weaker-than-expected sales forecast for the current

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Investing
January 29, 2019

Stocks surge on Fed pledge to pause, dollar slips

The Fed held interest rates steady at the end of a two-day meeting in which it struck language in a December policy statement that projected “some further” rate hikes would

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Investing
January 25, 2019

As government shutdown drags on, shares of subprime lenders rally

(Reuters) - Payday lenders’ stocks have emerged as big winners during the record-long U.S. government shutdown, though the updraft could prove short-lived. Shares of pawn brokers, payday lenders and other subprime

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Investing
January 24, 2019

Why Goldman’s commodities chief thinks oil will rise 10% plus this year

Investors are proving a fairly patient lot these days, considering the big questions marks around the global economy and the U.S. government itself. Comments from top White House economic adviser Kevin

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Financial
January 22, 2019

Wall Street drops as economic outlook, corporate forecasts sour

NEW YORK (Reuters) - U.S. stocks ended lower on Tuesday, snapping a four-session rally, as a gloomy global economic growth outlook, trade concerns and disappointing company forecasts dampened sentiment. All

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Market Trends
January 22, 2019

Existing-Home Sales Slide to a 3-Year Low as Housing Market Stumbles

The numbers: Existing-home sales ran at a seasonally adjusted annual rate of 4.99 million in December, the National Association of Realtors said Tuesday. That was the lowest since November 2015. Sales were

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Market Trends
January 16, 2019

Why mortgage lending at Wells Fargo, Chase and Citi plunged

How low can they go? With earnings from three of the four biggest banks in, one metric stands in sharp relief. Mortgage lending just keeps plunging. In the fourth quarter, mortgage originations

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Investing
January 15, 2019

JPMorgan Chase earnings take hit, fall again in mortgage sector

In the fourth quarter of 2018, JPMorgan Chase saw a decline in its earnings from the previous quarter, but still saw an increase from the previous year despite weakening in the mortgage banking

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