Valeant Pharmaceuticals (VRX) CEO Michael Pearson Returns As Company Attempts To Regain Footing
Michael Pearson ended a two-month absence from a drug company scrambling to correct financial disclosure errors.
Citi Becomes First US Bank Investigated In FIFA Corruption Scandal
The bank announced that it had been subpoenaed over potential ties to alleged bribery and money laundering in world soccer.
Saudi Arabia Angling To Fill Energy Price Hole With American Investment
Government ministers have reportedly approached U.S. corporations in a bid to replace Saudi Arabia's battered oil revenue with American investment.
Two JPMorgan Traders Fired For Compliance Failures: FT
The bank reportedly dismissed its chief U.S. Treasuries trader after a disagreement over compliance measures.
Positive Economic Data Give Slight Lift To US Markets
Positive revisions to fourth-quarter GDP figures and healthy consumer spending data lifted economic hopes, but markets weren’t convinced.
Donald Trump Economics: Will His Presidency Make The American Economy 'Great' Again?
Donald Trump promises to make the U.S. economy “dynamic again,” but economists say his tax plans and fiscal policies would add to the deficit.
Fed Officials Mull Global Financial Market Turmoil As Investors’ Expectations Diverge
One Fed official warned that market developments could signal a global slowdown, but some say the Fed isn't as worried as Wall Street is.
Why Jamie Dimon Bought $26 Million In JPMorgan Stock: ‘I Had A Morning Where I Wasn't Doing Anything'
The CEO of JPMorgan Chase bought 500,000 shares in his own bank this month. “I had a morning where I wasn’t doing anything.”
Betting Against Hedge Fund Favorites Could Be The Smartest Investing Strategy For Early 2016
In the topsy-turvy markets of late, stocks beloved by hedge funds have disappointed, while those shunned by hedge funds have outperformed.
EU Brexit 2016: Banks On Both Sides Of The Atlantic Wary Of UK Breaking Away From European Union
Major financial institutions on both sides of the Atlantic sounded the alarm after London's mayor voiced support for Britain leaving the European Union.
Manufacturing Sector ‘Flashing Warning Lights’ For US Economy
The state of manufacturing in the U.S. continued to wobble in February, according to a flash reading from Markit Economics.
Brexit Fears Send UK Pound Plunging Most Since 2009
The currency slid against the dollar Monday after London Mayor Boris Johnson came out in favor of Britain leaving the European Union.
Global Investment Banks Have Shed 15,000 Trading And Sales Jobs Since 2010
Revenue in these divisions also continued a multiyear slide, falling by $4.4 billion between 2014 and 2015, and nearly 15 percent since 2010.
A Chinese Company Wants To Buy The Chicago Stock Exchange And Congress Isn’t Happy About It
A Chinese company wants to acquire the Chicago Stock Exchange. Here’s why the U.S. Congress — and Donald Trump — are unhappy about it.
Bank Breakups: Citigroup Forced To Put Breakup Study Proposal To Vote
Federal regulators ruled Citigroup must allow shareholders to vote on a measure that would require the bank to study the feasibility of splitting up.
OECD Cuts World Growth Projections, Warns Over Austerity And Financial Instability
Trimming growth projections for 2016, the world’s top economic group suggested governments switch from austerity to stimulus.
Supreme Court Nomination Fight In Senate Threatens To Deepen SEC’s Vacancy Woes After Scalia’s Death
The SEC is operating with just three of five commissioners, including Mary Jo White, and a congressional battle over a Supreme Court nomination isn’t helping.
Federal Reserve Minutes Show Increasing Uncertainty Around Stability Of Global Economy
Newly unveiled minutes from Federal Reserve officials’ January meeting reveal growing worries over economic growth.
Warren Buffett’s Berkshire Hathaway Boosts Oil Bet With Kinder Morgan Investment
The ‘Oracle of Omaha’ disclosed a new investment in pipeline operator Kinder Morgan as oil prices remain low.
New Fed Official Warns Biggest Banks ‘Still Too Big To Fail’
Major banks “pose a significant, ongoing risk to our economy,” new Minneapolis Fed President Neel Kashkari warned Tuesday.
Goldman Sachs: Gold Prices Bound To Fall As Economic Fears Diminish
Recent market volatility has driven panicked investors to buy gold. But rising precious metals prices could soon tarnish, the bank warns.
Yahoo To Live-Stream Warren Buffett's Annual Berkshire Hathaway Shareholders Meeting
Yahoo Finance will host the first-ever live stream of billionaire investor Warren Buffett's annual bonanza for Berkshire Hathaway shareholders.
Oil Prices: Crude Jumps 10% Amid OPEC Cooperation Rumors After Steep Declines
Comments hinting at production cuts by major international oil suppliers sent the price of crude soaring Friday.
Deutsche Bank Announces $5 Billion Debt Buyback In Bid To Reassure Investors
After a week of growing unease, Germany’s largest lender sought to reassure investors with a $5 billion debt buyback.
US Retail Sales Increased in January, Buoying Economic Hopes
Americans modestly increased their spending at restaurants, electronics stores and other retail outlets last month after a lackluster December.
Recession Fears: Retail Sales Could Give Weary Investors Hope Amid Sea Of Economic Worries
Global financial whirlwinds have battered U.S. stocks. But Friday's retail sales data could provide a glimmer of good news.
Janet Yellen Testimony: Four Highlights From Fed Chair's Senate Grilling
Federal Reserve Chair Janet Yellen addressed a Senate committee Thursday, touching on everything from wage growth to negative interest rates.
Bernie Sanders: Wall Street, Bankers Are ‘Taking Him More Seriously’ As Possible President
The Democrat's strong showing in Iowa and big win in New Hampshire have the financial sector taking him more seriously.
Federal Reserve Chair Yellen Grilled About Negative Interest Rates By Congress: Could That Happen Here?
U.S. lawmakers have become increasingly interested in the possibility the Federal Reserve might consider negative interest rates.
Deutsche Bank, Other Stocks Bounce Back After Days Of Financial Sector Punishment
A day after investors pummeled financials in the U.S. and Europe, shares in major banks saw an upswing in early trading Wednesday.