Stocks Markets

Stocks inch higher but worries about Europe linger

NEW YORK (AP) — Hopes that the U.S. economy is continuing to improve are sending stocks higher on Wall Street. The Dow Jones industrial average was headed for its best day since May 1. The market’s gains are being held back by continuing worries that Greece’s political deadlock could fracture the European Union and...
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Key Republican: JPMorgan $2B loss raises questions

WASHINGTON (AP) — A key House Republican on Wednesday said that the $2 billion trading loss at JPMorgan Chase raises critical questions about how banks control their risks. But Republican lawmakers rejected calls from Democrats for stricter oversight of Wall Street. Rep. Shelly Moore Capito, R-W.Va., chairman of the House Financial Services subcommittee, noted...
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How will JPMorgan’s $2B loss affect banking rules?

WASHINGTON (AP) — The $2 billion trading loss at JPMorgan Chase has renewed calls for stricter oversight of Wall Street banks. Two years after Congress passed an overhaul of financial rules, many of those changes have yet to be finalized. JPMorgan’s misstep gives advocates of stronger regulation an opening to argue that regulators should...
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Stock index futures point to rebound

(Reuters) – Stock index futures pointed to a higher open on Wall Street on Tuesday, with the futures for the SP 500 and the Dow Jones up 0.6 percent and Nasdaq 100 futures up 0.8 percent at 03:33 a.m. EDT (0733 GMT). European equities bounced up from 2012 lows on Tuesday, lifted by surprisingly...
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I’ll have a quadruple scotch and a JPMorgan chaser: Wall Street goes to hell. Again.

Google Scott Thompson and you’re more than likely to come across the biography of the Canadian comedian who co-founded the legendary Kids in the Hall troupe. One of his funniest roles was in drag as Queen Elizabeth II, as campy and over the top as you’ve ever seen Her Majesty. Scott Thompson is a...
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News Summary: Wall Street slides on Greece fears

GREECE AGAIN: The ongoing political stalemate in Greece rattled financial markets Monday, driving U.S. stocks lower. The worry is that if Greece drops the euro currency, it could spread trouble throughout financial markets. BOND MARKETS: The euro sank to a three-month low against the dollar and borrowing costs for Spain and Italy jumped. Investors...
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Stocks, dollar fall on Greece worries

The Toronto stock market fell sharply along with other world markets Monday as talks aimed at forming a new Greek government failed, raising worries the country may have to exit the eurozone. The SP/TSX composite index tumbled, closing down 206.06, or 1.8 per cent, at 11,488.61. The Canadian dollar was lower, closing down 0.20...
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