Business

Business

Goldman romps past JPMorgan in Wall Street battle of ETF newbies

(c) 2016, Bloomberg. Two of the financial industry’s biggest names -- Goldman Sachs and JPMorgan Chase & Co. -- are in the race for Wall Street supremacy in the $3 trillion global market for exchange-traded funds. Goldman Sachs won the first leg by pulling in a couple billion dollars in ETF assets...


Business

U.S. toy industry betting on Pokemon Go to fuel holiday sales

(c) 2016, Bloomberg. Coming off its best Christmas in years, the U.S. toy industry is wagering that the Pokemon Go craze will command a lot of space on kids’ wish lists. Pokemon-branded video games from Nintendo Co. and a plush Pikachu character that wiggles its ears from Tomy Co. highlight the Toy...


Business

Clarification: China-North Korea-Trade Investigation story

BEIJING (AP) — In a story Sept. 21 about China’s investigation of a company accused of North Korea trade violations, The Associated Press reported that researchers at a South Korean think tank said in a report that the company supplied materials used in processing nuclear bomb fuel. The story...


Business

Debtors fighting back in creditor-friendly Utah

debt

A Clearfield couple’s suit against a debt collection company invokes the federal Fair Debt Collection Practices Act, which prohibits abusive, misleading or deceptive tactics.


Business

Stock rally fizzles as traders waver after euphoria; oil tumbles

(c) 2016, Bloomberg. (Bloomberg) -- The rally in global equities sputtered as traders grew more skeptical about the efficacy of central bank stimulus amid mixed economic data. Oil tumbled. Stocks halted a four-day advance as Apple Inc. dragged down the S&P 500 Index on speculation of lower iPhone 7...


Business

Treasuries set for best week since July as Fed tempers rate view

(c) 2016, Bloomberg. (Bloomberg) -- Longer-dated Treasuries were on course for their biggest weekly advance since July as markets readjusted their view to a slower pace of interest-rate increases from the Federal Reserve. The 30-year bond yield touched its lowest level in two weeks Friday following...


Business

Stuck Congress flirts with shutdown nobody wants or expects

(c) 2016, Bloomberg. WASHINGTON - In seven days, Congress will hit a deadline for avoiding a government shutdown that no lawmakers say they want. Not to worry, Republican leaders insist. After all, if everyone follows the script, lawmakers will cobble together a last-minute deal that leaves...


Business

Financial Markets Glance

Dow Jones Industrials High: 18,383.76 Low: 18,254.84 Close: 18,261.45 Change: —131.01 Other Indexes Standard&Poors 500 Index: 2164.69 —12.49 NYSE Index: 10,717.98 —75.67 Nasdaq Composite Index: 5305.75 —33.77 NYSE MKT Composite: 2420.57 —6.53 Russell 2000 Index: 1254.62 —8.82 Wilshire 5000...


Business

French rogue trader damages slashed to 1 million euros

France Rogue Trader

VERSAILLES, France (AP) — Former French rogue trader Jerome Kerviel will not have to pay 4.9 billion euros ($5.5 billion) in damages to the bank that used to employ him, but a more modest 1 million euros ($1.1 million), a court ruled Friday. The court said Kerviel was “partly responsible” for huge...


Business

Stocks move lower as energy, technology stocks fall

Financial Markets Wall Street

NEW YORK (AP) — U.S. stock indexes closed moderately lower on Friday following three days of gains. Several technology stocks traded heavily, including Yahoo, Twitter and Facebook. Energy stocks fell along with a steep decline in the price of oil. The Dow Jones industrial average lost 131.01 points,...


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