Wall Street

Spotify has helped revive the struggling music business. Now can the streamer show a changed industry how to make a profit in a digital world? Click the audio player above to hear the full story. 

While the markets closed today with a slight loss, they opened at a high point. This morning, the Dow broke 26,000 points for the first time in its 120 year history — and that’s after a year with practically no dips to speak of. But that lack of volatility has some market watchers a little […]

Two of the country’s largest institutional landlords are joining forces. Starwood Waypoint Homes and Blackstone’s Invitation Homes are merging, becoming a mega landlord with 82,000 homes in metropolitan areas across the country. The merger tells us a lot about the housing and single-family home rental markets. Click the audio player above to hear the full […]

Alan Greenspan is warning in an interview with Bloomberg that we are in a bubble, a bond market bubble. The former Fed Chairman is concerned that inflation might surprise us and bond prices might fall sharply at some point in the near future. Here’s why that would be a disruptive thing. Click the audio player […]

Earnings season is well underway, and so far corporate profits for the second quarter have been pretty good. Surprisingly good, actually. Of the companies in the S&P 500 index that have reported results so far, most have exceeded analysts’ expectations. Plenty of earnings news is still to come, including reports tomorrow from biggies like Apple, […]

Commodity trading — often a big money maker for banks and hedge funds — has been subdued in recent months, leading to significant drops in revenue. Goldman Sachs recently said its commodity trading unit had the worst quarter on record, and other banks are in a similar situation. The reasons behind the slump? Lack of volatility and […]

The Federal Reserve probably will not announce a rate hike on the second day of its Federal Open Market Committee meeting on Wednesday. But there’s a decent chance it will again by year’s end. And since the Fed started raising rates 18 months ago, we’ve seen the federal funds rate rise a full 1 percent. […]