Stocks rose in early trading today after an upbeat jobs report but then pared gains to end lower after S&P further downgraded Greece. The U.S. economy added 257,000 jobs in January, well above expectations. December and November’s jobs data was also revised...
Denmark’s central bank scrambled to defend its currency peg Thursday, cutting its benchmark interest rate for the fourth time in less than three weeks. The krone’s peg to the euro has been under strain since the European Central Bank announced...
Greek stocks and bonds took a beating Thursday after the European Central Bank fueled an increasingly tense standoff between the Greek government and its international creditors. Athens’ main stock index fell by as much as 9%in early trade before ending...
The tunes of Auld Lang Syce have faded into the distance and 2015 is here. Now is a great time to start the year on the right track. for most, the desire for a better financial life is often unrealized...
Russia’s central bank surprised financial markets with a two-point cut in its key interest rate Friday, sending the ruble lower even as the bank said the currency was showing signs of stabilization. The bank had come under heavy pressure from...
American consumers stepped on the gas in the fourth quarter, just as companies hit the brakes. The result was that while the world’s largest economy grew at a 2.6 percent annualized rate, the gain fell short of the median forecast...
Investors have a message for suffering U.S. oil drillers: We feel your pain. They’ve pumped more than $1.4 trillion into the oil and gas industry the past five years as oil prices averaged more than $91 a barrel. The cash...
Hedge funds are snapping up gold, pushing their net long positions to levels not seen for almost two years. Meanwhile, analysts are split over what 2015 will hold for the precious metal. Speculative investors bought gold for a fourth successive week...
Even as U.S. stocks post the longest stretch of 1 percent swings since 2012, volatility expectations are falling across asset classes. A Bank of America Corp. gauge of market swings in stocks, bonds, currencies and commodities has dropped from a...
More Americans purchased homes in December, yet total sales slipped in 2014 as first-time buyers struggled to find houses. The National Association of Realtors said Friday that sales of existing homes rose 2.4 percent last month to a seasonally adjusted...
For the municipal bond industry, 2015 marks the midpoint in what may turn out to be the decade of the bankruptcy. onwallstreet
...A ranking of America's top jobs found that financial advice increasingly is a terrific profession, moving up 16 spots on the U.S. News and World Report list from last year. “Financial adviser” ranked No. 25 of the 100 Best Jobs...
Paying for retirement is a daunting prospect for many workers who are now approaching the end of their careers. Longer life spans, money lost in the stock market plunge and fears about the efficacy of Social Security are enough to...
Santa Claus Came to Town, Early… It’s hard to believe another quarter is now in the books, let alone another year. The year in the US ended on a relatively strong note, with the Dow and S&P 500 reaching new...
WHEN does the level of debt in an economy become “too much”? It is a very hard question to answer, not least because debt is a highly useful tool, allowing business to invest for the future and consumers to smooth...
