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Citigroup socked away less cash to cover loan losses than analyst expected last quarter. But why?
Normally such a decision can be interpreted as a sign of improving credit...
Remember when Citigroup was racking up billion-plus volume days on the regular? Well, trading has quieted down a lot.
In August, the average daily NYSE Composite volume for Citigroup averaged...
Gold stretched higher early Thursday afternoon, with futures prices briefly touching $1,060 an ounce. The conventional wisdom on Wall Street is that gold’s run higher is fueled by some...
The September jobs report isn’t pleasing the stock market. S&P futures saw a steep fall following the 8:30 a.m. release. The Journal reports:
Nonfarm payrolls declined by 263,000 in September,...
Near as we can tell, the late day sell-off started gaining steam after Goldman Sachs issued a somewhat gloomy note cutting its outlook for tomorrow’s all-important payrolls report. Here’s...
Regional banks seem to be leading the broader financials out of the blocks. The S&P financial sector is up 2.3%, outstripping the gains in the broader S&P 500, which is up 1%. Fifth Third, of Cincinnati, is up with gain of about 3.8%. (Fifth Third was...
We were wondering when we’d hear this song again. Treasury Secretary Tim Geithner just gave a rendition of a familiar tune to reporters in Japan, telling them that maintaining a strong dollar is “very important” for the U.S. economy.
“I believe deeply...
The euro jumped to the highest level in more than two weeks early in NY trading, holding on to its overnight gains after stronger economic data from China and Japan spurred a rally in commodities and in most stocks in Europe and Asia amid rising...
With the Federal economics wonks enjoying their Veterans Day off, there’s no new data to peruse. We do have a bit of earnings to parse however. Macy’s is out with its report, narrowing its fiscal third-quarter loss. The stock is down though, more than...
U.S. dollar weakness again in focus, with the lower greenback getting some credit for gains in European stock markets. Generally positive tone in Asian markets overnight. Premarket U.S. stock futures point to a jaunty open when regular trading begins....
