WASHINGTON — The number of Americans seeking unemployment benefits rose last week to a five-week high, evidence that the job market remains sluggish.
NEW YORK — Profits at big U.S. companies broke records last year, and so did pay for CEOs.
NEW YORK — A big final-hour comeback pulled the Dow Jones industrial average nearly back to where it started Wednesday.
SAN FRANCISCO — After years of mortifying missteps, Yahoo Inc. finally has something to boast about: a multibillion-dollar windfall from a savvy investment in China.
TAMPA, Fla. — The CEO of JPMorgan Chase survived a shareholder push Tuesday to strip him of the title of chairman of the board, five days after he disclosed a $2 billion trading loss by the bank.
WASHINGTON — JPMorgan Chase faced intense criticism Friday for claiming that a surprise $2 billion loss by one of its trading groups was the result of a sloppy but well-intentioned strategy to manage financial risk.
JPMorgan’s surprise $2 billion trading loss prompted a sell-off in financial stocks Friday, with smaller declines across the broader market as investors decided this was more of a problem for investment banks than for other industries.
Fear of European debt is once again playing havoc with Wall Street.