Wall Street Jumps on Signs of Progress in Washington Talks

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks rallied strongly at the open on Thursday, with each of the major indexes climbing more than 1 percent, as investors were encouraged by signs of progress in fiscal negotiations in Washington. According to a Republican leadership aide, U.S. House Republicans are considering agreeing to a short-term […]

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Big Creditors China, Japan Press U.S. to Resolve Debt Row

By Ben Blanchard and Tetsushi Kajimoto BEIJING/TOKYO (Reuters) – Japan’s finance minister pressed the United States on Tuesday to quickly resolve its political deadlock over government finances to avoid a fiscal crisis that could damage the global economy. The comment from Taro Aso is the latest sign that Japan and China – the biggest foreign […]

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Catastrophic Consequences of a U.S. Default Explained

As we close out the first week of the government shutdown, a bigger and even more toxic disaster is creeping into the fray that could make the contentious budget battle look like a slap fight. The Treasury Department said Uncle Sam will be broke by October 17th unless something is done. Treasury secretary Jack Lew […]

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Watch: Budget Battle; Twitter’s IPO Plans; Dimon’s Top Secret?

Quotes are real-time for NASDAQ, NYSE, and NYSEAmex when available. See also delay times for other exchanges. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. All information […]

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Candy Crush Saga Could Be Far Better IPO Story Than Zynga

The publisher of the world’s most addictive mobile game, Candy Crush Saga, is going public, stirring memories of one of the worst IPOs of all time: Zynga’s (ZNGA) 2011 debut. But, although both companies are in the online and mobile gaming business, King has a different profile and a different business model — one that […]

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Schiff: U.S. Is Broke, Can’t Afford to Raise the Debt Ceiling

You can be forgiven for confusing the ongoing debt ceiling debate with the 2011 debacle. Then as now, the debate points of contention were serious issues but the dialogue quickly descended into self-destructive inanity on both sides of the aisle. In August of ’11 America gridlock led to the U.S. credit rating was downgraded and […]

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Washington to Wall Street: Threat of Default Is Real

By Jason Lange WASHINGTON (Reuters) – Money lenders trust America so implicitly that they generally dismiss the risk it won’t pay its debts. But in the U.S. capital, fears are growing that political dysfunction might trigger the unthinkable. Government veterans from both political parties are aghast that lawmakers openly speak of managing a default that […]

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Regulator sues Morgan Stanley, eight others over faulty securities

Asian shares drift lower, Fed gets the blameReuters Asian share markets were mostly under water on Tuesday while currencies dithered in tight ranges as a dearth of … From: http://us.rd.yahoo.com/finance/news/rss/story/SIG=14n2il18u/*http%3A//us.rd.yahoo.com/finance/news/topfinstories/SIG=12kvgitcn/*http%3A//finance.yahoo.com/news/regulator-sues-morgan-stanley-eight-025829452.html?l=1

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Asian shares drift lower, Fed gets the blame

By Wayne Cole SYDNEY (Reuters) – Asian share markets were mostly under water on Tuesday while currencies dithered in tight ranges as a dearth of major economic news left investors to fret on the outlook for monetary policy in the United States and Europe. Taking its cue from a softer Wall Street, MSCI’s broadest index […]

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Fed’s Underlying Message a Bad Signal for U.S. Profit Growth

By Caroline Valetkevitch NEW YORK (Reuters) – The euphoria with which investors in the U.S. stock market greeted the Federal Reserve’s decision to stick with its easy-money policy has begun to evaporate, as the message the Fed was sending about a less-than-stellar economy sinks in. An economy still in need of a safety net may […]

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