NEW YORK (AP) — Pimco has hired former Federal Reserve Chairman Ben Bernanke as a senior adviser, the bond fund manager said Wednesday.
It's the latest private venture for Bernanke, who since his departure from the nation's central bank last year has been on the speaking circuit and was recently hired by a major hedge fund as an adviser as well.
10. Truck, SUV profits push GM 1Q profit 8 times above year ago - Friday, April 17, 2015
DETROIT (AP) — First-quarter profit at General Motors rose nearly eight times above a year ago as U.S. consumers spent big on pickups and SUVs and the company didn't have to set aside a huge stack of money to pay for recalls.11. GOP offers $3.8T budget that boosts defense, cuts elsewhere - Friday, March 13, 2015
WASHINGTON (AP) — House Republicans launched a boldly conservative 10-year budget plan on Tuesday that would favor the Pentagon, partially privatize Medicare and rely on deep cuts in other social programs to help wipe out deficits at the end of a decade.12. Slight gains push US stocks to record highs; Home Depot up - Friday, February 20, 2015
The Dow Jones industrial average and the Standard & Poor's 500 index delivered a new set of record highs Tuesday, beating marks they set last week.
The Nasdaq composite also built on its gains for the year, finishing higher for the 10th day in a row.
13. What will Fed do with latest data economic data? - Friday, February 20, 2015
The recent weeks have seen a flurry of economic data that shed light on the United States economy.
Here is a recap of two of those data points:
Gross Domestic Product. The first GDP release for fourth quarter 2014 (a data point that will be revised multiple times down the road) revealed an economy that grew by 2.6 percent in the quarter, down sharply from the 5 percent growth registered in the third quarter.14. Fed officials in no hurry to raise rates - Friday, February 13, 2015
WASHINGTON (AP) — Federal Reserve officials struggled last month to assess when economic data might prompt them to raise interest rates from record lows — and how best to convey their intentions to investors.15. Is S&P's $1.38B deal enough to keep credit raters in check? - Friday, January 30, 2015
WASHINGTON (AP) — More than six years after the financial crisis struck, credit rating giant Standard & Poor's will be paying a hefty $1.38 billion penalty for its role in fueling the subprime mortgage meltdown. But that doesn't mean it can't happen again.16. S&P close to $1.37B deal over risky mortgage bond ratings - Friday, January 23, 2015
WASHINGTON (AP) — Standard & Poor's is close to a $1.37 billion settlement with the Obama administration and U.S. states over allegations it knowingly inflated its ratings of risky mortgage investments that helped trigger the financial crisis.17. Key interest rate falls as investors seek safety - Friday, January 09, 2015
NEW YORK (AP) — A barometer of Wall Street's anxiety flashed red on Wednesday, when traders rushed to the safety of U.S. government bonds.
The surge in demand for Treasurys knocked a key interest rate to its lowest level since May 2013.18. Houses passes bill easing rules regulating Wall Street - Friday, January 09, 2015
WASHINGTON (AP) — Propelled by its enlarged Republican majority, the House has moved to ease a landmark law reining in banks and Wall Street, more than six years after a financial crisis brought on the Great Recession.19. House GOP majority aiming to soften financial overhaul law - Friday, January 09, 2015
WASHINGTON (AP) — The newly bulked-up Republican majority in the House is aiming to soften the bite of legislation that grew out of the 2008 financial crisis and put banks and Wall Street under the most sweeping rules since the Great Depression.20. Don’t be a hero, leave interest rates at zero - Friday, December 26, 2014
As if we needed further evidence that investment markets price off of central bank soliloquies, markets worldwide rallied 4.5 percent last week in reaction to a short press release from the U.S. Fed.21. Investors expect higher stocks in 2015, but also turbulence - Friday, December 19, 2014
NEW YORK (AP) — Can the U.S. hold everyone else above water? That is the question investors are asking as Wall Street heads into 2015.
A strong U.S. economy helped propel the stock market higher in 2014, continuing a bull market that is on pace to celebrate its sixth birthday in March. On more than one occasion, investors dumped stocks following geopolitical flare-ups and concerns about the global economy, only to jump back in when an economic report or results from a big company suggested the U.S. economy was still resilient.22. Why rift on derivatives is blocking US budget bill - Friday, December 12, 2014
WASHINGTON (AP) — At the heart of the impasse in Congress over a must-pass spending bill is a provision involving the sorts of high-risk investments that ignited the 2008 financial crisis.
The dispute occurred after Republicans inserted into the bill a provision to relax the regulation of investments known as derivatives. Democrats, led by their House leader, Nancy Pelosi, have demanded that the provision be removed. They argue that it would let big banks gamble with depositors' federally insured money and could make it likelier that banks, if undone by their risky bets, would need another taxpayer bailout.23. Spending bill teeters amid Democratic discontent - Friday, December 05, 2014
WASHINGTON (AP) — Growing opposition among Democrats and persistent opposition from the tea party Republicans has left a $1.1 trillion government-wide spending bill teetering as many lawmakers find more in the measure to dislike than like.24. Fed proposing big US banks boost capital cushions - Friday, December 05, 2014
WASHINGTON (AP) — Federal regulators are proposing that the eight biggest U.S. banks be required to further increase the amount of capital they set aside to cushion against unexpected losses.
The proposed requirements are aimed at lessening the chances of future taxpayer bailouts of troubled banks, while also encouraging the behemoths to shrink so they pose less of a risk to the financial system.25. Dollar, S&P Levels Point to 1996 - Friday, November 21, 2014
As trading becomes more mechanized, investors must consider not only market fundamentals but also what‘s driving the algorithms. With the proliferation of ETFs, less analysis occurs at the security level, and more analysis occurs on the technical level.26. Fed sees solid US economy, despite new threats - Friday, November 14, 2014
WASHINGTON (AP) — Federal Reserve policy-makers discussed a variety of economic threats at their October meeting — from turbulent financial markets to overseas weakness — but decided to move forward with plans to end their landmark bond buying program.27. G-20 summit to be test of forum's staying power - Friday, November 14, 2014
BRISBANE, Australia (AP) — The annual G-20 leadership summit that groups democrats with authoritarians and rich nations with poor has long suffered from a perception it's all talk and no action. This year, leaders are under extra pressure to produce something tangible.28. Global banks fined billions for rigging market - Friday, November 07, 2014
LONDON (AP) — Traders with nicknames like the "Three Musketeers" and the "A-Team" plotted over Internet chat rooms to manipulate currency markets for years, profiting at the expense of clients — and then congratulating themselves for their brilliance — regulators said Wednesday, as they fined five banks $3.4 billion.29. Spotify CEO bemoans Swift exiting the service - Friday, November 07, 2014
HELSINKI (AP) — Spotify's Swedish CEO voiced disappointment Tuesday that Taylor Swift pulled her music off the popular music streaming service, denying claims it's making money "on the backs of artists."30. How well did the Fed's stimulus work? - Friday, October 24, 2014
NEW YORK (AP) — Soaring inflation. A collapsing dollar. Bubbles in financial markets that would soon pop. One presidential candidate even suggested that the Federal Reserve chairman should be roughed up.31. US stands strong despite fear over global slowdown - Friday, October 17, 2014
WASHINGTON (AP) — Beyond the turmoil shaking financial markets, the U.S. economy remains sturdier than many seem to fear.
The Dow Jones industrial average has lost 874 points since Oct. 8, largely over worries about another recession in Europe, a slowdown in China and world-spanning crises that include the Ebola outbreak and the rise of the Islamic State.32. US stocks end dramatic week with rally - Friday, October 17, 2014
NEW YORK (AP) — The stock market capped a turbulent week with a big gain Friday, a sign of renewed investor confidence after days of gloomy economic news.
It was the latest large move for a market which, with a few exceptions, has been on a mostly downward track since last month. Stocks have had four weeks of declines, leaving the Standard & Poor's 500 index 6 percent below the record high from Sept. 18.
33. Bond prices surge the most since financial crisis - Friday, October 10, 2014
NEW YORK (AP) — Investors flooded into the U.S. Treasury market in a way not seen since the depths of the financial crisis, causing the yield on the benchmark 10-year Treasury note to fall below 2 percent for the first time in more than a year.34. Geithner grilled in court over AIG bailout - Friday, October 03, 2014
WASHINGTON (AP) — Timothy Geithner, a key player in the U.S. government's 2008 bailout of American International Group Inc., is due back in court Wednesday in a trial of a lawsuit filed by the insurance giant's former CEO over the handling of the rescue.35. NY state: Wall St. profits $8.7B in 6 months - Friday, October 03, 2014
ALBANY, N.Y. (AP) — The securities industry in New York City tallied $8.7 billion in profits during the first half of 2014, which was 13 percent lower than the same period last year as it continued to deal with the fallout from the 2008 financial crisis, New York's comptroller reported Tuesday.36. Paulson: AIG bailout designed to be punishment - Friday, October 03, 2014
WASHINGTON (AP) — The 2008 government bailout of American International Group Inc. was specifically designed to punish the insurance giant, former Treasury Secretary Henry Paulson said in U.S. court Monday.37. Stocks flat as oil drop offsets ECB stimulus - Friday, September 05, 2014
NEW YORK (AP) — A slump in oil prices weighed on the stock market Thursday, pushing the Standard & Poor's 500 index to its third straight loss.
Stocks had started the day higher after the European Central Bank surprised investors by announcing that it had cut its benchmark interest rate to a record low and planned to purchase asset-backed securities in an effort to stimulate the region's ailing economy. Investors were also cheered by some encouraging reports on the U.S. economy.38. US stocks rise on European Central Bank stimulus - Friday, August 29, 2014
NEW YORK (AP) — U.S. stocks rose Thursday after the European Central Bank surprised traders by trimming its main interest rate to a record low, and announcing that it would purchase asset-backed securities in an effort to stimulate the region's ailing economy.39. Some fear auto industry returning to bad habits - Friday, August 29, 2014
DETROIT (AP) — Big discounts. Six- or seven-year loans, in some cases to buyers who would have been turned down in the past.
As the auto industry strives to sustain its post-recession comeback, car companies are resorting to tactics that some experts warn will lead to trouble down the road.
40. SEC adopts rules on loan-backed securities - Friday, August 22, 2014
WASHINGTON (AP) — Financial firms that sell securities backed by loans, like the kind that fueled the 2008 financial crisis, will have to give investors details on borrowers' credit record and income under action taken Wednesday by federal regulators.41. Yellen to give her outlook as Fed honeymoon fades - Friday, August 15, 2014
WASHINGTON (AP) — Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Bernanke's Fed had steered the U.S. economy through a grave crisis by slashing interest rates and restoring confidence in banks. Yellen has so far carried on his approach with barely a hiccup.42. Lighter sentences sought for some business crimes - Friday, August 08, 2014
WASHINGTON (AP) — The federal panel that sets sentencing policy eased penalties this year for potentially tens of thousands of nonviolent drug offenders. Now, defense lawyers and prisoner advocates are pushing for similar treatment for a different category of defendants: swindlers, embezzlers, insider traders and other white-collar criminals.43. Sentencing changes sought for business crimes - Friday, August 08, 2014
WASHINGTON (AP) — The federal panel that sets sentencing policy eased penalties this year for potentially tens of thousands of drug dealers. Now, defense lawyers and prisoner advocates are pushing for similar treatment for an arguably less-sympathetic category of defendants: swindlers, embezzlers, insider traders and other white-collar criminals.44. AP source: Bank of America nears $16-$17B settlement with US - Friday, August 01, 2014
WASHINGTON (AP) — Bank of America is nearing a $16 billion to $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, a person directly familiar with the matter said Wednesday.45. 21st Century Fox abandons pursuit of Time Warner - Friday, August 01, 2014
Rupert Murdoch's 21st Century Fox is abandoning its attempt to take over Time Warner in a proposed deal that would have combined two of the world's biggest media companies.
The about-face announced Tuesday comes three weeks after Time Warner Inc. revealed that it had rejected 21st Century Fox's unsolicited $76 billion buyout offer.46. Fed offers no clearer hint on first rate increase - Friday, July 25, 2014
WASHINGTON (AP) — The Federal Reserve is further slowing the pace of its bond purchases because it thinks an improving U.S. economy needs less help. But it's offering no clearer hint of when it will start raising its key short-term interest rate.47. Morgan Stanley paying $275M to settle SEC charges - Friday, July 25, 2014
WASHINGTON (AP) — Morgan Stanley has agreed to pay $275 million to settle U.S. civil charges that it misled investors about risky mortgage bonds it sold ahead of the 2008 financial crisis.48. Fed split on signals for first rate increase - Friday, July 04, 2014
WASHINGTON (AP) — Federal Reserve officials had differing views in June on the best way to signal to financial markets when they might raise a key short-term interest rate. They were in broad agreement, however, that they will likely announce an end to their monthly bond buying program in October.49. June jobs report shows US recovery is accelerating - Friday, July 04, 2014
WASHINGTON (AP) — A surprisingly robust job market is energizing the 5-year-old U.S. recovery and driving the economy closer to full health.
Employers added 288,000 jobs in June and helped cut the unemployment rate to 6.1 percent, the lowest since 2008. It was the fifth straight gain above 200,000 — the best such stretch since the late 1990s tech boom.
50. Stocks end lower as traders sell blue chips - Friday, June 20, 2014
NEW YORK (AP) — The stock market had its biggest decline in two weeks Tuesday, led by a sell-off in blue-chip bank and energy stocks. Homebuilders rose after the government reported sales of new homes rose in May to the highest level in six years.51. Top Midstate residential real estate transactions for May 2014 - Friday, June 20, 2014
Top May 2014 residential real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.52. How Low Can We Go? - Friday, May 30, 2014
With the S&P 500 back at all-time highs, investors may be experiencing a bit of altitude sickness. With the S&P 500 now up 180 percent from the bottom, it’s right to question how much upside remains. However, the better question might be how much downside lies below.53. One million new residents headed to Middle Tennessee: Where will they live? Will we be ready? - Friday, May 16, 2014
For Middle Tennessee, the question is not, “If we build it, will they come?” It’s more like, “How will we build it before they come?” During the next 20 years, Middle Tennessee’s 10-county region will absorb 1 million new residents. That’s twice the growth rate of the rest of the nation.54. Target CEO Steinhafel out in wake of data breach - Friday, May 02, 2014
NEW YORK (AP) — Target's massive data breach has now cost the company's CEO his job.
Target announced Monday that Chairman, President and CEO Gregg Steinhafel is out nearly five months after the retailer disclosed the breach, which has hurt its reputation among customers and hammered its business.
55. Ford's profit falls 39 percent in first quarter - Friday, April 25, 2014
DEARBORN, Mich. (AP) — Ford Motor Co.'s worldwide sales rose in the first quarter, propelled by growing strength in Asia and Europe. But weakness in North America dragged down the company's profit.56. Top Midstate residential real estate transactions for March 2014 - Friday, April 11, 2014
Top March 2014 residential real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.57. Fed blocks Citigroup from raising dividends - Friday, March 21, 2014
WASHINGTON (AP) — The Federal Reserve on Wednesday barred Citigroup from raising its dividend or boosting its stock buybacks, saying it's too hard to predict how some parts of the bank's global operation would fare in a sharp economic downturn.58. Nearly all major US banks pass Fed 'stress tests' - Friday, March 21, 2014
WASHINGTON (AP) — More than five years after the financial crisis struck, the biggest U.S. banks are better able to withstand a severe recession than at any time since the meltdown, the Federal Reserve has determined.59. Lady Vols, Nashville share Final Four dream - Friday, March 21, 2014
Isabelle Harrison hopes The Road to Nashville – site of next month’s NCAA Women’s Final Four – is paved with gold for her and her University of Tennessee basketball team.
For Harrison, a Hillsboro High graduate, Nashville native and UT junior, it would be a sweet homecoming.60. NY comptroller: Average Wall St. bonus over $164K - Friday, March 07, 2014
ALBANY, N.Y. (AP) — The average bonus paid to securities industry employees in New York City grew 15 percent last year to more than $164,000, the largest average Wall Street bonus since the 2008 financial crisis and the third highest on record, New York's state comptroller reported Wednesday.61. Target exec's departure puts spotlight on CIOs - Friday, March 07, 2014
NEW YORK (AP) — The departure of Target's chief information officer in the wake of the company's massive pre-Christmas data breach highlights the increased pressure facing executives who are charged with protecting corporate computer systems from hackers whose attacks are on the rise and becoming more sophisticated.62. Yellen: Fed monitoring recent weaker economic data - Friday, February 28, 2014
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen noted Thursday that recent economic data have pointed to weaker-than-expected gains in consumer spending and job growth. She said the Fed will be watching to see whether the slowdown proves only a temporary blip caused by severe winter weather.63. Solid new-home sales lift hopes for housing market - Friday, February 21, 2014
WASHINGTON (AP) — A surprisingly strong pace of new-home sales last month has boosted hopes that the spring buying season will be solid enough to lift the overall economy.
Sales of new homes rebounded in January to the fastest rate in more than five years. The strength in purchases followed a slowdown that had been linked to higher mortgage rates and severe winter weather.
64. Stocks slip as Fed rate talk spooks some investors - Friday, February 14, 2014
NEW YORK (AP) — Stocks fell Wednesday as investors were left uneasy by news that Federal Reserve policymakers were willing to start raising short-term interest rates sooner than previously expected.65. Reporting based on NSA leaks wins Polk Award - Friday, February 14, 2014
NEW YORK (AP) — Four journalists who reported on the extent of the National Security Agency's secret surveillance based on documents leaked by Edward Snowden are among the winners of the 65th annual George Polk Awards in Journalism.66. Suspense in Senate: Debt vote shrouded in secrecy - Friday, February 14, 2014
WASHINGTON (AP) — Financial markets were watching, the retirement accounts of millions of Americans on the line.
Nervous senators were watching too, well aware that political fortunes could be on the line.67. Yellen to investors: Expect continuity at the Fed - Friday, February 07, 2014
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen sought Tuesday to reassure investors that she will embrace the approach to interest-rate policy that her predecessor, Ben Bernanke, pursued before he stepped down as chairman last month.68. Wealth gap: A guide to what it is, why it matters - Friday, January 24, 2014
WASHINGTON (AP) — From the White House to the Vatican to the business elite in Davos, Switzerland, one issue keeps seizing the agenda: the growing gap between the very wealthy and everyone else.
It's "the defining challenge of our time," says President Barack Obama, who will spotlight the issue in his State of the Union address Tuesday night. A Gallup poll finds two-thirds of Americans are unhappy with the nation's distribution of wealth. Experts say it may be slowing the economy.69. JPMorgan boosts CEO Dimon's pay to $20 million - Friday, January 24, 2014
NEW YORK (AP) — JPMorgan Chase almost doubled Chairman and CEO Jamie Dimon's pay for 2013, rewarding the executive for settling probes against the bank.
Dimon will receive total compensation of $20 million in 2013, consisting of $18.5 million in stock options and a base salary of $1.5 million, the bank said in a statement Friday.70. An early gain fades on Wall Street; GM slumps - Friday, January 03, 2014
NEW YORK (AP) — The stock market is continuing to have a sluggish start to the New Year.
Major indexes are finishing mixed on Wall Street on Friday, the second day of trading in 2014.
71. Google's top searches peer into society's mindset - Friday, December 13, 2013
SAN FRANCISCO (AP) — Death, devices and celebrity drove the quest for more information on Google's search engine this year.
Three of the world's four fastest-rising search requests on Google were triggered by the deaths of famous men.72. The healing continues - Friday, December 13, 2013
With another successful earnings season in the books, earnings news will move to the backburner for financial market observers. In the midst of this earnings vacuum, economic news moves to the forefront, as investors try to determine if the strong earnings will be sustainable via a healing economy. Or, if the economic support is beginning to deteriorate, perhaps earnings have peaked.73. How Volcker Rule would limit banks' risky bets - Friday, December 06, 2013
WASHINGTON (AP) — The rule that U.S. regulators approved Tuesday, after years of wrestling over its language, is designed to defuse the kind of risk-taking on Wall Street that helped trigger the 2008 financial crisis.74. US ban on high-risk bank trades approved - Friday, December 06, 2013
WASHINGTON (AP) — U.S. banks will be barred in most cases from trading for their own profit under a federal rule approved Tuesday.
The Federal Reserve and the Federal Deposit Insurance Corp. each unanimously voted to adopt the so-called Volcker Rule, taking a major step toward preventing extreme risk-taking on Wall Street that helped trigger the 2008 financial crisis.
75. Rising riches: 1 in 5 in US reaches affluence during lifetime - Friday, December 06, 2013
WASHINGTON (AP) — It's not just the wealthiest 1 percent.
Fully 20 percent of U.S. adults become rich for parts of their lives, wielding outsize influence on America's economy and politics. This little-known group may pose the biggest barrier to reducing the nation's income inequality.76. US banks earn $36 billion in third quarter - Friday, November 22, 2013
WASHINGTON (AP) — U.S. banks earned less in the July-September quarter than they did a year earlier, marking their first year-over-year profit decline since the spring of 2009 when the country was still mired in the Great Recession.77. JPMorgan $13B deal may not end bank's legal woes - Friday, November 15, 2013
WASHINGTON (AP) — The $13 billion settlement that JPMorgan Chase agreed to Tuesday is the largest ever between the Justice Department and a corporation. Yet it isn't likely the end of the bank's legal troubles over the risky mortgage securities it sold before the financial crisis.78. Despite surge, many don't see a stock bubble - Friday, November 15, 2013
NEW YORK (AP) — Is the stock market due for a pullback?
The Dow Jones industrial average has surged 900 points since early October and crossed the 16,000-point threshold Monday. IPOs are hot again. Small investors, stirred from their post-recession daze, are coming back to stocks. And it's been more than two years since the market has had a significant slump.79. Challenges abound for Twitter heading into IPO - Friday, November 01, 2013
SAN FRANCISCO (AP) — Twitter has built a digital town square that's teeming with activity but riddled with financial potholes. Seven years after co-founder Jack Dorsey sent the first tweet through the online messaging service, more than 500 million posts are shared each day by everyone from the Dalai Lama to Justin Bieber.80. Senate blocks Obama picks for judge, housing posts - Friday, November 01, 2013
WASHINGTON (AP) — Senate Republicans blocked President Barack Obama's nominees to lead an influential federal court and a housing agency on Thursday, despite Democratic warnings of a return to last summer's partisan brawl over who wields power in the Senate.81. GM hints at dividend, stock buyback on 3Q profit - Friday, October 25, 2013
DETROIT (AP) — Another solid quarterly performance at General Motors brought the strongest talk yet of the automaker paying a dividend for the first time in five years, or perhaps buying back stock.82. NY comptroller: Wall Street profits may slow - Friday, October 18, 2013
ALBANY, N.Y. (AP) — Though Wall Street recorded $10.1 billion in profits for the first half of 2013, New York's comptroller said Tuesday that federal budget dithering, higher interest rates and litigation may slow earnings for the last half in a securities industry that's kept trimming jobs.83. Harley-Davidson profit jumps 21 pct as sales rise - Friday, October 18, 2013
MILWAUKEE (AP) — Harley-Davidson's third-quarter earnings rose 21 percent as motorcycle sales rose in the U.S. and abroad.
The Milwaukee company says U.S. sales were up 20 percent from July through September as buyers responded to its new model lineup, introduced in mid-August. The quarter continued the company's comeback from the 2008 economic meltdown.84. GE profit slips in 3Q, but tops estimates - Friday, October 18, 2013
NEW YORK (AP) — General Electric said Friday that net income fell 9 percent in the third quarter as the company struggles to grow revenue and profits after shedding media and banking assets. But improving industrial performance helped the company beat Wall Street expectations.85. Stocks slide as investors wait on Washington - Friday, October 04, 2013
NEW YORK (AP) — The stock market's slow bleed got a little worse Tuesday.
The decline is the result of squabbling in Washington over raising the nation's debt limit and a government shutdown that has dragged on for more than a week. Moderate losses for the stock market in the first days of the shutdown have accelerated this week as the U.S. has moved closer to an Oct. 17 deadline for lifting the government's borrowing authority.
86. Shutdown gives Obama unlikely ally: big business - Friday, September 27, 2013
WASHINGTON (AP) — Business leaders are taking sides with Democratic President Barack Obama after failing to persuade their traditional Republican allies in Congress to avert a government shutdown.87. JPMorgan pays $920M, admits fault in trading loss - Friday, September 20, 2013
WASHINGTON (AP) — JPMorgan Chase & Co. will pay $920 million and has admitted that it failed to oversee trading that led to a $6 billion loss and renewed worries about serious risk-taking by major banks.88. JPMorgan pays $920M, admits fault in trading loss - Friday, September 13, 2013
WASHINGTON (AP) — JPMorgan Chase & Co. will pay $920 million and has admitted that it failed to oversee trading that led to a $6 billion loss and renewed worries about serious risk-taking by major banks.89. Titans confident ‘bad vibe’ of last season has faded - Friday, September 20, 2013
As the Tennessee Titans enter their home opener this week against the San Diego Chargers, they do so in bittersweet fashion.
When the schedule first came out back in April, most fans and prognosticators looked at the opening two games in Pittsburgh and Houston and said that if the Titans came out of that road double with a 1-1 record, that they should be pleased.90. Stock market sets record after Fed keeps stimulus - Friday, September 13, 2013
NEW YORK (AP) — The stock market hit a record high Wednesday as investors cheered the Federal Reserve's surprise decision to keep its economic stimulus program in place, at least for now.
Stocks traded slightly lower throughout the morning, but took off immediately after the Fed's decision in the early afternoon. Bond yields fell sharply — their biggest move in nearly two years. Meanwhile, the price of gold jumped as some traders anticipated that the Fed's decision might cause inflation.
91. Stocks edge higher after encouraging jobs reports - Friday, August 30, 2013
NEW YORK (AP) — Stocks edged higher Thursday after a pair of reports provided more evidence that the U.S. is maintaining a slow but steady economic recovery.
The number of Americans seeking unemployment benefits dropped last week and is near the lowest level since June 2008, the Labor Department said Thursday. Weekly applications are just 1,000 above a five-year low reached last month.
92. No surprises for Alexander and GOP incumbents - Friday, August 30, 2013
NASHVILLE (AP) - Faced with a potentially serious primary challenger, Tennessee Sen. Lamar Alexander was not about to sit back and wait.
The former two-term governor locked down endorsements, banked more than $3 million and linked arms with popular Sen. Rand Paul of Kentucky and former GOP presidential contender Mike Huckabee. When conservative state Rep. Joe Carr announced he would challenge Alexander, the senator's team was ready.93. Nasdaq trading halts; stocks up on positive data - Friday, August 23, 2013
NEW YORK (AP) — The stock market rose Thursday but it was a glitch on the Nasdaq exchange that became the day's big talking point.
Trading on the Nasdaq was interrupted just after midday because of problems with a quote dissemination system. That halted activity on the Nasdaq until shortly before the close of the market. When trading resumed, shares in Nasdaq OMX, which owns and operates the exchange, slumped.94. Why the stock market is having a chilly August - Friday, August 16, 2013
NEW YORK (AP) — It's been a chilly August for the stock market.
At the start of the month, the Dow Jones industrial average and Standard & Poor's 500 index hit all-time highs. Now the market is down 4 percent from its peak, and August is on track to be the Dow's worst month since May 2012.95. Weak earnings tug stocks lower on Wall Street - Friday, August 02, 2013
NEW YORK (AP) — Disappointing earnings news and a slump in bank stocks tugged the stock market lower early Wednesday, putting major indexes on track for their first three-day drop since June.96. Fully-owned NBCUniversal boosts Comcast 2Q results - Friday, July 26, 2013
NEW YORK (AP) — The decision by Comcast Corp., the country's largest cable company, to buy General Electric out of the NBCUniversal business looks like a smart one, as the media conglomerate posted strong results for the second quarter.97. Feds charge hedge fund SAC Capital in NY case - Friday, July 26, 2013
NEW YORK (AP) — The hedge fund operated by embattled billionaire Steven A. Cohen made hundreds of millions of dollars illegally and allowed unprecedented and pervasive insider trading to go unchecked for years, federal prosecutors said in an indictment unsealed Thursday.98. Feds charge hedge fund SAC Capital in NY case - Friday, July 19, 2013
NEW YORK (AP) — The hedge fund operated by embattled billionaire Steven A. Cohen made hundreds of millions of dollars illegally and allowed unprecedented and pervasive insider trading to go on unchecked for years, federal prosecutors said in an indictment unsealed Thursday.99. Student Loans 101: Why Uncle Sam is your banker - Friday, July 19, 2013
WASHINGTON (AP) — As Congress scrambles to pull back a messy student loan increase, it raises the question: Why did Uncle Sam get into the college loan business, anyway?
The short answer: Because the Russians launched Sputnik.100. Two acts remain in Bernanke’s screenplay - Friday, July 19, 2013
After weeks of volatility, driven by complex Fed speculation after a chorus of mixed messages, Chairman Bernanke re-focused marketplace attention on the Fed’s core purpose.
As per Congress, The Federal Reserve Act directs: “the Federal Reserve...shall maintain long run growth of the monetary and credit aggregates commensurate with the economy’s long run potential…to promote the goals of maximum employment, stable prices and moderate long-term interest rates.”