12:46 p.m. Today12:46 p.m. Sept. 29, 2016
- By Mark DeCambre
Deutsche Bank crisis threatens to roil global markets Worries about European banks aren’t just trained on Deutsche Bank Deutsche Bank’s shares were sinking on Thursday on a report that a group of hedge funds were reducing their exposure to the giant financial institution.
12:42 p.m. Today12:42 p.m. Sept. 29, 2016
- By Mark DeCambre
Trump’s ‘ugly’ claim about stocks is backed by Morgan Stanley economist Stock-market valuations look high by some measures“We are in a big fat ugly bubble and we better be careful,” declared Republican presidential nominee Donald Trump at the first of three debates with Democratic rival Hillary Clinton on Monday.
12:41 p.m. Today12:41 p.m. Sept. 29, 2016
- By Alessandra Malito
These student borrowers may be paying off fraudulent debt and why millennials like to lease cars Thursday's top personal finance stories Thursday's top personal finance storiesThursday's top personal finance stories
12:26 p.m. Today12:26 p.m. Sept. 29, 2016
- By Wallace Witkowski
Dow closes down nearly 200 points on Deutsche Bank, Fed concerns Fears of European bank contagion rattle investorsU.S. stocks close lower Thursday, recovering from session lows, following a selloff fueled by investor worry about European banks and talk of a December rate increase by the Federal Reserve.
11:58 a.m. Today11:58 a.m. Sept. 29, 2016
- By William Watts
Deutsche Bank shareholders in for more pain Shares slammed on report clients withdraw some collateral on tradesDeutsche Bank desperately needs to shore up its thin capital margins, and that likely means more pain for shareholders.
11:52 a.m. Today11:52 a.m. Sept. 29, 2016
- By Ellie Ismailidou
Treasury yields end lower as Deutsche Bank worries rattle stocksTreasury prices rebound from early losses, driving yields lower, as worries surrounding German lender Deutsche Bank weigh on equities, fueling a flight to safety.
11:45 a.m. Today11:45 a.m. Sept. 29, 2016
- By Chris Edelson
Trump’s big government will stick ‘the little people’ with a huge tax bill Comparing the ‘King of Debt’ to the ‘Queen of Mean’ Donald Trump’s dismissive view about taxes harkens back to another real estate billionaire: the late Leona Helmsley, writes Chris Edelson.
10:41 a.m. Today10:41 a.m. Sept. 29, 2016
- By Shawn Langlois
Gay couples rake it in compared with their heterosexual counterpartsHousehold income for married gay men in the U.S. comes in at, on average, $176,000 a year, vs. only $113,000 for heterosexual couples. That’s a huge 56% difference. Add kids to the mix and gay couples take home $275,000.
10:28 a.m. Today10:28 a.m. Sept. 29, 2016
- By Myra P. Saefong
Gold stages late-session pivot to end higher as U.S. stocks tumble Key U.S. equity indexes see sharp lossesGold futures turn around late in Thursday’s session, settling higher as a drop in U.S. equities boosts the investment appeal of the precious metal.
10:19 a.m. Today10:19 a.m. Sept. 29, 2016
- By Amotz Asa-El
Shimon Peres’s greatest achievement: Transforming Israel’s economy The socialist who spearheaded the transition to capitalism was a monetarist poster boyShimon Peres, who died Wednesday, made his biggest mark not on the peace process but on the Israeli economy, writes Amotz Asa-El.
8:35 a.m. Today8:35 a.m. Sept. 29, 2016
- By Robert Schroeder
Trump takes heat from both sides after report he broke U.S. embargo against Cuba Rubio says article contains ‘troubling allegations’ Donald Trump is getting flak from both sides of the aisle after Newsweek reported that a company controlled by the Republican presidential nominee secretly did business in Cuba despite the U.S. embargo against the island.
8:20 a.m. Today8:20 a.m. Sept. 29, 2016
- By Jeffry Bartash
This little bean could lead to big third-quarter GDP Soybean surge could boost U.S. growth to as much as 4%If GDP growth tops 3% in the third quarter, the humble soybean might be the reason.
7:41 a.m. Today7:41 a.m. Sept. 29, 2016
- By Sara Sjolin
U.K. stocks turn Brexit into boost, on track for best quarter since 2013 75% of index’s revenue generated outside U.K.In the first quarter after the U.K.’s EU referendum, the country’s benchmark stock index is set to bang out its best quarterly performance in more than three years on the back of a weak pound, BOE easing and a rebound in emerging markets.
7:32 a.m. Today7:32 a.m. Sept. 29, 2016
- By Francine McKenna
Wells Fargo CEO’s $41 million ranks only third among executive-pay clawbacks, forfeitures John Stumpf is giving up money he hasn’t earned yetA MarketWatch analysis finds other executives faced harsher penalties, including clawbacks of money already spent.
7:23 a.m. Today7:23 a.m. Sept. 29, 2016
- MarketWatch
PepsiCo lifts outlook as earnings beat forecastsPepsiCo Inc. raised its 2016 profit outlook after revenue surged in key overseas markets like China and as the U.S. beverage business picked up steam in the third quarter. The maker of Lay's potato chips and Tropicana juice said Thursday it now expects adjusted earnings per share to grow 10% instead of 9% this year, the second straight quarter it has raised guidance as a cost-cutting push also helped lift the bottom line.
6:26 a.m. Today6:26 a.m. Sept. 29, 2016
- By Ryan Vlastelica
Infrastructure ETFs rally in 2016 as Clinton, Trump float new policies Both Hillary Clinton and Donald Trump have called for hundreds of billions of dollars to be spent on infrastructureInfrastructure-related exchange-traded funds have sharply outperformed the market this year, with investors expecting the next president to enact large spending programs
4:46 a.m. Today4:46 a.m. Sept. 29, 2016
- MarketWatch
Commerzbank to slash jobs, scrap dividendFRANKFURT-- Commerzbank AG on Thursday said it plans a wide-ranging overhaul that includes laying off close to 10,000 jobs, or roughly 20% of its workforce, merging two large units and scrapping its dividend.
4:45 a.m. Today4:45 a.m. Sept. 29, 2016
- By Jeffry Bartash
Second-quarter GDP raised to 1.4% from 1.1% Business investment not nearly as weak as previously reportedA fresh look at the economy’s performance in the spring shows business investment wasn’t nearly as weak as previously reported, prompting the government to ratchet up its estimate of growth by several notches to 1.4%.
4:25 a.m. Today4:25 a.m. Sept. 29, 2016
- By Joe Palazzolo
Appeals court overturns ban on selfies in voting booths First Circuit strikes down New Hampshire law that banned voters from sharing photos of marked ballots on social mediaA federal appeals court welcomed selfie culture into the voting booth on Wednesday, striking down a New Hampshire law that banned voters from sharing photos of their marked ballots on social media.
1:59 a.m. Today1:59 a.m. Sept. 29, 2016
- By Wes Raynal
2017 Mercedes-Benz E400 Wagon stands out in a sea of crossovers Test drive shows the E400 continues Mercedes’ winning wagon waysFifty years ago the Mercedes-Benz Universal, a station wagon built in Belgium by Benz contractor IMA, made its debut.
10:20 p.m. Sept. 28, 2016
- MarketWatch
OPEC reaches agreement on need to cut oil outputALGIERS, Algeria -- OPEC said its members agreed that they need to cut crude output to reduce the world's supply glut, a shift for the 14-member group that was enough to send oil prices higher, even though reaching a deal remains far from certain.
12:28 p.m. Sept. 28, 2016
- By Robert Schroeder
Congress overrides Obama veto of bill allowing 9/11 suits against Saudi Arabia White House rips ‘embarrassing’ move on Capitol Hill Congress votes to override President Barack Obama’s veto of a bill that would allow the families of the victims of the Sept. 11, 2001, attacks to sue Saudi Arabia for any role in the plot.
12:11 p.m. Sept. 28, 2016
- By Alessandra Malito
Stanford tops U.S. colleges list and residents in these states may have a tough time voting Wednesday’s top personal finance stories Wednesday’s top personal finance storiesWednesday’s top personal finance stories
11:04 a.m. Sept. 28, 2016
- By Robert Schroeder
House votes to override Obama veto of bill letting 9/11 families sue Saudi Arabia The House of Representatives voted Wednesday to override President Barack Obama's veto of a bill that would allow families of the victims of the Sept. 11 attacks to sue Saudi Arabia. The House's vote follows the Senate's, marking the first time Congress has overridden a veto by Obama. Obama has said allowing private lawsuits against foreign countries would be detrimental to U.S. interests. Saudi Arabia has strongly opposed the bill and threatened to liquidate its holdings of U.S. Treasurys if the bill is approved.
10:41 a.m. Sept. 28, 2016
- By Barbara Kollmeyer
Here’s what Goldman is telling clients to do ahead of the U.S. election Alarm bells being raised on Wall Street ahead of the debateAnalysts have gone from taking the U.S. presidential election largely in stride to expressing concern about the lack of investor preparedness.
10:24 a.m. Sept. 28, 2016
- By Myra P. Saefong
Gold ends lower for second day as traders look to Fed speakers for cues Silver also falls, but copper, palladium gain Gold futures fall as traders focus on Federal Reserve Chairwoman Janet Yellen’s testimony at a House hearing and upcoming comments this week from other speakers at the central bank.
10:20 a.m. Sept. 28, 2016
- By Steve Goldstein
Chicago Fed's Evans sees low interest rates 'for some time'Chicago Fed President Charles Evans said on Wednesday "for some time." Evans fretted that leaves policymakers with less room to navigate any future downward shock. Even once rates have normalized, "the new equilibrium likely will be one with lower interest rates than we have experienced in the past."
9:16 a.m. Sept. 28, 2016
- MW Blogs
Yellen questioned over Fed’s independence, rate decisions and Wells FargoFederal Reserve Chairwoman Janet Yellen testified before the House Financial Services Committee on regulation and supervision. MarketWatch live-blogged the proceedings.
8:11 a.m. Sept. 28, 2016
- By Steve Goldstein
New Jersey Republican takes up Trump’s Fed charges with call for Brainard recusalA Republican congressman on Wednesday took up Donald Trump’s criticism of the Federal Reserve as he said one central bank official should recuse herself.
8:11 a.m. Sept. 28, 2016
- By Sara Sjolin
FTSE 100 breaks 3-day losing streak as oil companies rebound Pound slides back below $1.30U.K. stocks rise for the first time in four sessions on Wednesday, with oil companies rebounding amid a highly anticipated OPEC meeting in Algeria.
7:38 a.m. Sept. 28, 2016
- By Martin Feldstein
Robots in the workplace will improve Americans’ quality of life Employees will work fewer hours and enjoy more leisureEmployees will work fewer hours and enjoy more leisure, writes Martin Feldstein.
7:12 a.m. Sept. 28, 2016
- By Mark Hulbert
The hidden way Trump and Clinton may sabotage your investments The investing risks you take may depend on whether your favored candidate wins or losesIn this heated political season, most people probably have some idea how their investment choices might change depending on who wins in November.
7:03 a.m. Sept. 28, 2016
- By Brett Arends
15 questions on the economy for Donald Trump He really needs to clarify confusing remarks he’s made recentlyHe really needs to clarify confusing remarks he’s made recently, says Brett Arends.
6:59 a.m. Sept. 28, 2016
- By Sue Chang
Meet the affable bear who expects the S&P to tumble to 20-year lows ‘The longer central banks interfere, the worse the crash’Uber-bear Albert Edwards of Société Générale sees the U.S. headed toward an inevitable recession.
6:30 a.m. Sept. 28, 2016
- By Caroline Baum
What Trump and Clinton won’t tell you: Your taxes will have to go up Candidates promise to fix infrastructure, but more debt is not what doctor orderedDonald Trump and Hillary Clinton promise to spend more on the nation’s infrastructure, but more debt is not what the doctor ordered, writes Caroline Baum.
6:00 a.m. Sept. 28, 2016
- By Steve Goldstein
Fed's Yellen: Big U.S. bank conditions have improved 'considerably' since crisisWASHINGTON (MarketWatch) -- Federal Reserve Chairwoman Janet Yellen on Wednesday said the financial condition of the top U.S. banks has "strengthened considerably" since the financial crisis as she outlined steps the central bank is considering to make bigger banks have larger cushions and have smaller banks face less stringent requirements. The eight largest global systemically important banks have seen an increase of nearly $800 billion in common equity capital since 2008, Yellen said. "We must carefully monitor the impact of the regulatory changes we have made and remain vigilant regarding the potential emergence of new risks to financial stability," Yellen said in prepared remarks before the House Financial Services Committee. Yellen made no mention of the recent Wells Fargo scandal in her prepared remarks.
5:35 a.m. Sept. 28, 2016
- By Mark DeCambre
U.S. stocks open slightly higher ahead of a parade of Fed speakersU.S. stocks on Wednesday traded marginally higher as Wall Street got a lift from higher crude-oil futures and awaited comments from a roster of expected Federal Reserve speakers later in the day. The Dow Jones Industrial Average was trading 37 points, or 0.2%, higher at 18,267, the S&P 500 index advanced about 3 points, or 0.2%, at 2,163, while the Nasdaq Composite Index picked up 6 points, or 0.1%, at 5,312. Chairwoman Janet Yellen is due to testify about regulation and supervision before a House panel on financial services at 10 a.m. Eastern, while. Elsewhere, St. Louis Fed President Jim Bullard is expected to deliver opening remarks at the St. Louis Fed's conference on community banking at 10:15 a.m. Eastern. Chicago Fed President Charles Evans is slated to speak at 1:30 p.m. Eastern about the economy at that same confab. Cleveland Fed President Loretta Mester is set to make remarks on the economic outlook and monetary policy at a forum in the Cleveland area at 4:35 p.m. Eastern. Meanwhile, West Texas Intermediate oil trading on the New York Mercantile Exchange was up 1.2% at $45.25 a barrel, as energy traders watched for headlines from a meeting of the Organization of the Petroleum Exporting Countries. Procter & Gamble & Co. gained 1.1% to lead Dow components in early trade.
4:54 a.m. Sept. 28, 2016
- By Francine McKenna
SEC won’t pursue clawbacks in Weatherford accounting fraud caseDespite describing Weatherford’s fraud as “major,” SEC says clawbacks not “appropriate in these circumstances.”
1:58 a.m. Sept. 28, 2016
- By Richard Eisenberg
Democrats and Republicans agree on this: money Surprising results from two new personal finance surveysBased on the election coverage, you might think Republicans and Democrats disagree about everything. Turns out, that’s not the case when it comes to their money.
10:44 p.m. Sept. 27, 2016
- By Matthew Lynn
5 reasons Merkel needs to rescue Deutsche Bank right now Failure of Germany’s top bank would be a disaster for the eurozoneGermany’s Angela Merkel needs to sort out the Deutsche Bank mess as quickly as possible, and stop pretending that it can stand idly by while its largest financial institution sinks deeper into the mire, writes Matthew Lynn.