The golden age of being a banker is so far in the past. After a brutal year of massive layoffs in the global financial industry last year, the axe is starting to fall again.
U.S. stock index futures point to a mixed opening Friday as investor sentiment remained fragile following concerns about the worsening debt crisis situation in the euro zone to hurt global economic growth.
The number of Americans lining up for new jobless benefits rebounded last week after a seasonal auto-plant retooling period caused a steep drop the prior week.
U.S. stock index futures point to a higher opening Thursday as corporate earnings reported for the second quarter exceeded expectations, indicating that business conditions are on the path of revival.
The price of hamburgers, hot dogs and other commonly grilled items shot up dramatically in June, government data released Tuesday showed, far outpacing price increases seen for other food items and the general cost of living, which actually dipped slightly in the month.
U.S. stock index futures point to lower opening Wednesday as investors were disheartened after the Federal Reserve gave no indication of stimulus measures to boost the economic growth.
U.S. stocks gave back early gains and turned negative after Federal Reserve Chairman Ben Bernanke set out a downbeat view of the economy to Congress without promising imminent easing measures.
U.S. stock index futures point to a higher open Tuesday as investor sentiment turned positive on expectations for new U.S. Federal Reserve stimulus measures.
U.S. stock index futures point to lower opening Monday as investor sentiment was dragged down by worries of global economic growth continuing to falter.
Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, said Friday he might support more central bank attempts to stimulate the nation's moribund economy.
Bruno Iksil, whose trading team were responsible for huge losses of $4.4 billion, was widely expected to leave the bank after he gained notoriety in the wake of the trading scandal.
U.S. stock index futures point to a higher opening Friday as investors are speculating announcement of stimulus measures in China to boost its economic growth.
When New York-based banking behemoth JPMorgan Chase and Co. (NYSE:JPM) reports its financial results for the latest quarter on Friday morning, the market's collective attention will be focused on just one figure: the one finally detailing how much JPMorgan lost as a result of its ill-advised strategy of putting huge hedge bets on the CDS derivatives market.
The number of Americans lining up for new jobless benefits last week had its biggest decline in four years, the Labor Department said Thursday, but one-time factors such as fewer auto-sector layoffs than normal plus the July 4 holiday likely caused the sharp decline.
U.S. stock index futures pointed to a lower opening Thursday as investor sentiment continued to be dragged down by weak global economic conditions.
The increased sale of American products in Europe and China, amidst economic turmoil in both regions, does little to evoke hopes of economic growth in the U.S.
U.S. stock index futures point to higher opening Wednesday, but investors remain watchful amid concerns that the sluggish global economy and the euro zone debt burden will hurt the earnings of companies.
British industrial data released Tuesday, while a slight improvement over the previous month's figures, can't hide the fact that the economy is still weak, experts say.
General Growth Properties (NYSE: GGP), the second-largest public U.S. mall landlord, is living up to its name once again. After exiting bankruptcy in 2010, the Chicago-based company's shares hit a new all-time high of $18.49 on Friday.
U.S. stock index futures point to a lower opening Tuesday, as weak global economic conditions and debt burden in the euro zone continued to drag down the investor sentiment.
LinkedIn (NYSE: LNKD), the leading professional social networking site, lost as much as 6 percent of its value Monday on a report that Facebook (Nasdaq: FB), the No. 1 social networking site will start direct competition.
Japan, which is still floundering from last year's earthquake-tsunami, is once again nearing a recession, economists say.
