Items Tagged with 'Stock market'

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  • Trump blames Fed for stock market nosedive

    President told reporters he thinks the Fed went "crazy"
    President Donald Trump is quadrupling down on his ire toward the Federal Reserve’s rate hikes. On the Tarmac at Erie International Airport, he blamed Wednesday’s market meltdown on the Fed, telling reporters, "The Fed is making a mistake," and saying, "I think the Fed has gone crazy."
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  • Monday Morning Cup Of Coffee: Mulvaney's CFPB losing interest in payday lenders?

    Are you surprised?
    Is Mick Mulvaney's CFPB easing up on payday lenders? The agency has dropped its case against one such lender and is mulling over dropping the cases of three more. Also, JPMorgan Chase predicts the turbulent market will calm down heading into the second quarter while S&P Global Ratings notes that falling housing profits over the last four quarters may be a side effect of fewer lenders easing credit standards.
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  • Walter Investment hit with NYSE warning after shares stay below $1

    Shares traded at less than $1 for one month
    On Dec. 5, 2016, Walter Investment Management Corp.’s stock closed at $7.35. Since then, the nonbank’s stock dropped precipitously. So much so, in fact, that the stock is now trading well below $1 and the NYSE issued a warning stating the company is no longer in compliance with the stock exchange’s rules.
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  • Waterstone Mortgage to ring opening bell at Nasdaq

    Executives and 40 loan originators to open day’s trading on Feb. 21
    More than 40 of Waterstone Mortgage Corporation’s personnel will ring the opening bell at Nasdaq on Feb. 21, 2017 as part of a ceremony honoring the company’s top loan originators.
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  • Who cares if the Dow hit 20K? Not most of us

    Nearly half of American adults don’t own stocks, so why should they care?
    On the floor of the New York Stock Exchange, at the offices of investment brokers, and in corporate boardrooms throughout the country, there were hearty celebrations on Wednesday morning as an artificial number hit an arbitrary target. People doffed cheap embroidered hats. They poured Champagne. Frivolity was the order of the day. But for the rest of us, the Dow hitting 20,000 doesn’t mean a damn thing.
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  • Dow flirts extremely close to 20K milestone

    Edges close Friday morning and early afternoon
    The Dow flirted extremely close to the 20,000 psychological milestone on Friday, spending most of the morning and early afternoon reaching less than half a percentage point off the threshold at times. Ever since the presidential election, the Dow, viewed as an indicator of economic health, edged closer, with Friday’s rise marking another record high.
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