Prices of government bonds fell today ahead of another round of Treasury auctions as traders worried that the latest issues might be met with weak demand.
New U.S. home sales rose by the largest amount in more than eight years last month, in another sign the housing market is finally bouncing back from the worst downturn in decades.
Online brokerage OptionsXpress'profit fell 31 percent in the second quarter as expenses rose 48 percent, the firm reported today.
Financial adviser Ameriprise Financial Inc.'s second-quarter profit dropped 58 percent as it dealt with the fallout from a weak stock market, but results still managed to beat expectations.
More plans to build homes, higher stock prices and fewer people filing first-time claims for jobless aid sent a private-sector forecast of U.S. economic activity higher than expected in June.
Citigroup joined four other big banks in reporting strong results for the quarter. After paying preferred dividends, the bank earned $3 billion, or 49 cents per share. It lost $2.86 billion, or 55 cents per share, during the same quarter last year.
Virginia will receive nearly $1.3 million as part of a multistate settlement with two investment companies.
JPMorgan Chase & Co. posted a 36% jump in second-quarter profit today easily surpassing Wall Street expectations as strength in its core consumer and investment banking businesses offset a jump in credit losses.
The government said retail sales advanced in June by the largest amount in five months, led by a surge in gasoline prices and a slight rebound in the battered auto sector.
Negotiations aimed at settling the Internal Revenue Service's tax evasion lawsuit against Swiss bank UBS AG gained traction this morning when a federal judge agreed to postpone the case until early August or possibly longer.
