May 01 WATCH: Fed Chair Powell suggests taming inflation will take longer than expected By Christopher Rugaber, Associated Press The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2 percent target. Continue reading
Apr 26 Rooting for Trump to fail has made his stock shorters millions By Bernard Condon, Associated Press There have been plenty of scary moments, including last week when DJT, the ex-president’s initials and stock ticker, jumped nearly 40% in two days. Continue reading
Feb 22 Wall Street sees a solid 2024 ahead for homebuilders, though mortgage rates remain a wildcard By Alex Veiga, Associated Press Housing market trends are shaping up in favor of a solid 2024 for U.S. homebuilders — as long as mortgage rates don't jump back to the highs they hit late last year. Continue reading
Dec 13 Dow hits a record after the Fed signals rate cuts in 2024 By Stan Choe, Associated Press A powerful rally across Wall Street sent the Dow Jones Industrial Average to a record on Wednesday after the Federal Reserve indicated that the cuts to interest rates investors crave so much may be coming next year. Continue reading
Dec 06 WATCH: Wall Street bank CEOs oppose proposed Biden regulations in Senate hearing By Ken Sweet, Associated Press The banks contend the new regulations proposed by the administration would curtail lending and weaken bank balance sheets at a time when the industry needs more flexibility. Continue reading
Apr 14 Wall Street holds steady a biggest banks post strong first-quarter profits By Joe McDonald, Matt Ott, Associated Press Wall Street held steady in premarket trading Friday as some of the nation's biggest banks posted strong first-quarter profits one day after markets surged on reports of slowing inflation. Continue reading
Mar 15 As fears renews of bank weakness, stocks tumble on Wall Street By Stan Choe, Associated Press Stocks are falling sharply on Wall Street as worries worsen about the strength of banks on both sides of the Atlantic. Continue reading
Mar 14 Stocks rally on Wall Street following inflation report, bank failures By Stan Choe, Associated Press The S&P 500 was 1.5 percent higher in early trading after a report showed inflation is still high but heading lower. Stocks of smaller and mid-sized banks recovered some of their prior plunges caused by worries that customers could yank… Continue reading
Mar 13 Stocks fall and Wall Street fearful after SVB failure followed by second bank By Stan Choe, Associated Press Investors are worried that a relentless rise in interest rates meant to get inflation under control have hit a tipping point and may be cracking the banking system and broader economy. Continue reading
Feb 24 Wall Street closes out on its worst week of the year By Stan Choe, Associated Press Stocks have dropped through February as reports on inflation, the job market and spending by shoppers have come in hotter than expected. Continue reading