Wall Street

Four big banks (JPMorgan Chase, Citigroup, PNC, Wells Fargo) reported earnings today, all beating expectations, especially JPMorgan, which posted its best quarter ever. That wind in the banks’ sails comes in the form of higher interest rate levels after three straight rate hikes by the Federal Reserve. That means banks get to charge you more […]

The nation’s biggest banks all passed their annual stress tests and bank stocks today took off. Earlier in the week, Federal Reserve Chair Janet Yellen offered additional reassurance about the financial sector, saying she doesn’t think there will be another massive financial crisis in her lifetime. But traditional banks are only part of the picture […]

It was a busy day on Wall Street today, and there was good reason for that. It was the annual reshuffling of the popular trading benchmarks known as the FTSE Russell Indexes. Those indexes track the largest U.S. companies in the U.S. stock market, and they determine what’s in a bunch of securities mutual funds.  […]

The Federal Reserve raised interest rates about a quarter percent today, but yields on 10-year Treasury notes have been trading just around their 2017 lows — about 2.21 percent. That’s the interest rate paid to the borrower of these notes. Yields rise when traders expect inflation to increase, and, therefore, interest rates climb. So what […]

Just after President Trump pulled the United States out of the Paris agreement, Goldman Sachs CEO Lloyd Blankfein tweeted his displeasure. Now, the blue-blood bank is going green in another way with a big move into wind and solar energy. Not just buying it, but pairing other buyers and sellers in the emerging market of […]

Under consideration in the House of Representatives today: a big Republican platform item. Specifically, the rollback of Dodd-Frank financial regulations. This comes in the form of a bill called the Financial Choice Act. Here’s what’s in the bill and what could become law. Click the audio player above to hear the full story.

Shares of Google parent Alphabet flirted with $1,000 today, and Amazon finished up at $1,011. In the past, when a company thought its stock was getting a little too expensive, it would do a split. That would reduce the price of each share by raising the number outstanding. That basically made the stock more accessible […]

Some of the nation’s biggest banks, JPMorgan Chase, Bank of America and Citigroup, are warning that trading revenue in the second quarter will be down at least 10 percent compared to a year ago. Goldman Sachs also flagged a drop in trading revenue. One of the reasons they’re pointing to? A lack of market volatility. That may […]