Veteran portfolio manager joins Stifel Nicolaus
Thomas Pence, one of the area’s most renowned stock pickers, has joined Stifel Nicolaus & Co. after 16 years as managing partner and portfolio manager with Wells Capital Management.
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Justices seem wary of limiting insider trading prosecutions
The Supreme Court on Wednesday seemed likely to preserve the government's broad power to crack down on insider trading on Wall Street.
Dow drops almost 400 points on Federal Reserve rate concerns
U.S. stocks fell sharply Friday, pulling the Dow Jones industrial average down almost 400 points, giving the market its worst day since June 24 and worst week since January.
S&P 500, Dow, Nasdaq hit records together for first time since 1999
All three U.S. stock benchmarks rose together to record highs for the first time in 16 years on Thursday amid surprising earnings.
As Fed ends meeting, few expect much clarity on next hike
The Fed is expected to issue a statement that acknowledges the strengthening economy without providing much explanation about when the next rate hike might occur.
Stock maneuver helps Emmis avoid delisting from Nasdaq
Nasdaq said in a notice Monday that it informed Emmis Communications Corp. that the company was “now in compliance with all applicable requirements for continued listing on Nasdaq.”
Dow Jones industrials close at a record high
The stock market hit another milestone as the Dow Jones industrial average closed at a record high on Tuesday, a day after the Standard & Poor's 500 index hit its own milestone.
S&P 500 rises to all-time high on growth optimism
U.S. stocks climbed Monday, pushing the benchmark Standard & Poor's 500 Index to an all-time high, extending a rally from Friday.
U.S. stocks resume selloff as ‘Brexit’ angst continues
U.S. stocks on Monday resumed a selloff sparked by Britain’s shock vote to leave the European Union, with the Dow Jones industrial average falling more than 250 points.
Fed raises likelihood of a June interest rate hike
The minutes of their most recent meeting in late April show that Federal Reserve officials widely felt it would be appropriate to raise rates at their June 14-15 meeting as long as hiring and economic growth further strengthened.
Fed likely to keep rates unchanged in face of global slump
With the global economy struggling and U.S. inflation still below the Fed's target rate, many economists see little likelihood of a rate increase even before the second half of the year.
Stricter rules unveiled for brokers giving retirement advice
The action, in rules issued Wednesday by the Labor Department, could shake up how billions of dollars in Americans' retirement investments are handled by brokers.
SKARBECK: Rising corporate profits have justified bull run
Plenty of loud voices argue this long but lazy bull market has been manufactured by the Fed’s policies. That’s not what’s driving stocks.
Dow Jones index back in positive territory after surge
Another surge in U.S. stocks Thursday, on the heels of a four-week rally, turned the Dow Jones industrial average positive for the year and wiped out its losses from a terrible start to 2016.
Investors to weigh Fed words for clues to future rate hikes
Most Fed watchers think the central bank wants more time to assess the financial landscape. Resuming its rate hikes too soon could slow growth or rattle investors again.
College endowments show losses in volatile stock market
A dozen funds that responded to requests for their returns for the first six months of fiscal 2016 showed an average loss of 3.8 percent. Indiana University’s loss was even larger.
Fed official sees hints of too-low inflation moving up
Federal Reserve Vice Chairman Stanley Fischer said Monday that inflation in the U.S. may be starting to tick up from too-low levels, a key condition for further interest rate hikes.
Stocks continue plunge as investors fear global turmoil
U.S. stocks fell in midday trading Thursday, with the Dow Jones Industrial Average losing more than 300 points, as investors shunned risk worldwide.
Oil prices tumble, but stocks trim losses after big drop
U.S. stocks recovered much of an early plunge on Wednesday, but the price of oil suffered its worst one-day decline since September.
Stock woes continue as China turmoil sparks global selloff
The Standard & Poor’s 500 index slid 2.4 percent on Thursday, to close at 1,943.09, falling to its lowest point since Oct. 1 in the worst start to a year in data going back to 1928.