Markets


Markets

U.S. Stocks Gain

Wed, 17 Dec 2014 15:47:41 EST
U.S. stocks extended gains Wednesday after the Fed signaled that it was in no hurry to raise interest rates.

Fed Sticks to Patient Tack on Rate Hikes

Wed, 17 Dec 2014 15:04:18 EST
Federal Reserve officials took a delicate step toward raising short-term interest rates in 2015, introducing language into their policy statement that asserted they would be patient about moving away from near-zero short-term interest rates.

U.S. Oil Prices Rise Off Multiyear Lows

Wed, 17 Dec 2014 15:24:31 EST
Oil prices rallied Wednesday as traders closed out positions following a dramatic plunge in prices in recent months.

Junk Bond Market Turns Negative

Wed, 17 Dec 2014 13:40:26 EST
Trading turmoil has dragged junk-bond returns into the red for the year, creating an opportunity for some buyers to re-enter the market in a search for bonds at bargain prices.

ICE Proposes Major Stock-Market Overhaul

Wed, 17 Dec 2014 15:26:26 EST
Jeffrey Sprecher, CEO of Intercontinental Exchange and owner of the New York Stock Exchange, has begun his first major foray in overhauling the U.S. stock market. In a draft letter being circulated among large banks and investment firms, ICE is proposing a trade-off between exchanges and brokers, according to people familiar with the matter.

ECB's Coeuré Sends Strong Signal on Stimulus

Wed, 17 Dec 2014 15:10:39 EST
ECB executive board member Benoît Coeuré sent one of the clearest signals to date that the ECB is poised to embark on large-scale asset purchases centered on government bonds early next year.

Ruble Volatile Despite Intervention

Wed, 17 Dec 2014 12:40:55 EST
The ruble strengthened in afternoon trading after Russia’s central bank announced measures to shore up the country’s banks following another volatile day for the currency.

China Warms To a More Flexible Yuan

Wed, 17 Dec 2014 09:21:15 EST
After years of allowing nearly uninterrupted gains in the yuan, China is growing more willing to let it depreciate modestly while seeking to add flexibility to its trading.

OnDeck Capital Surges Above $20 IPO Price

Wed, 17 Dec 2014 13:43:32 EST
Shares of web-based small-business lender OnDeck Capital Inc. opened at $26.50, 32.5% above their initial public offering price Wednesday.

Las Vegas 'Player' Gets Bounced From Casino

Wed, 17 Dec 2014 10:45:28 EST
Stockbridge Capital Partners said Sam Nazarian no longer would be involved in the management of the new SLS Las Vegas hotel and casino that Stockbridge controls.

Elevators Set to Take New Direction

Wed, 17 Dec 2014 09:53:24 EST
ThyssenKrupp is working on a cable-free elevator that would allow multiple cars to run in the same shaft, and to run sideways and diagonally as well as up and down.

Miami Condo Project Looks to Lure Chinese Buyers

Tue, 16 Dec 2014 17:49:02 EST
Miami has been a magnet for wealthy South American home buyers for years. Now, developers are setting their sights set on buyers from China.

New Life for an Old Industrial Property -- in Atlanta

Tue, 16 Dec 2014 22:55:40 EST
Jamestown Properties is bringing a formula to Atlanta that it honed in New York, San Francisco and elsewhere: converting massive industrial buildings into fashionable, mixed-used addresses.