Sen. Mark Warner speaks with Yahoo Finance [TRANSCRIPT]

Sen. Mark Warner speaks with Yahoo Finance [TRANSCRIPT]

ANDY SERWER: Good afternoon, everyone. ANDY SERWER: Good gravy, it’s been a nice, long day already. (LAUGH) I’m Andy Serwer. That’s Senator Mark Warner, by the way, for those of you who don’t know. Senator, welcome. Great to see you. SENATOR MARK WARNER: Thank you, Andy. ANDY SERWER: So I wanna start off by– talkin’ about the […]

Dow loses 600 points, US crude posts longest losing streak on record

Dow loses 600 points, US crude posts longest losing streak on record

Stocks fell, the dollar rose and domestic oil prices slipped for the eleventh consecutive day, marking the longest losing streak on record. The S&P 500 (^GSPC) fell 1.97%, or 54.79 points, as of market close. The Dow (^DJI) tumbled 2.32%, or 602.12 points, led by declines in Goldman Sachs and Apple. The Nasdaq (^IXIC) fell 2.78%, […]

An Open-and-Shut Violation of Campaign-Finance Law

An Open-and-Shut Violation of Campaign-Finance Law

For a candidate to break corporate-spending rules in a matter like this, involving friendly media organizations and embarrassing details about his personal life, is no mean feat. The relevant law is generally favorable to the candidate. Trump still managed to violate it. Bob Bauer: Trump exposes the holes in campaign-finance laws There is, first, the […]

Why too much banking can be a 'finance curse'

Why too much banking can be a 'finance curse'

One of the more perverse ideas of modern economics is that an abundance of natural resources is a handicap rather than a blessing. In Africa and elsewhere, excessive mineral wealth appears to have imposed inordinate costs on regular people. Now, Nicholas Shaxson has extended the concept to finance, arguing that overdeveloped banks and markets can […]

Dow sheds more than 200 points, oil slides

Dow sheds more than 200 points, oil slides

Stocks fell for a second day and oil prices extended a multi-session rout. The S&P 500 (^GSPC) fell 1.13%, or 31.52 points, as of 12:06 p.m. ET, with the tech sector leading declines. The Dow (^DJI) slipped 0.91%, or 237.24 points. The Nasdaq (^IXIC) slid 1.8%, or 135.68 points. Oil prices continued to decline, with the contract […]

Stocks mixed ahead of Fed decision

Stocks mixed ahead of Fed decision

Stocks pulled back after a soaring Wednesday session. The S&P 500 (^GSPC) fell 0.15%, or 3.97 points, as of 10:40 a.m. ET. The Dow (^DJI) rose 0.06%, or 16.71 points, while the Nasdaq (^IXIC) fell 0.22%, or 16.51 points. On Wednesday, the S&P 500 and the Dow each posted their best one-day gains in the session […]

Finance Employees Are Fastest Growing Segment of Local Government Workforce

Finance Employees Are Fastest Growing Segment of Local Government Workforce

Most local governments haven’t been on hiring sprees lately. But one area where they appear to be adding employees is finance. The latest data from the Census Bureau’s Annual Survey of Public Employment and Payroll shows that employees working in finance-related roles increased 5.4 percent between 2014 and 2017. While that might not be a […]

Stocks mixed ahead of midterm elections

Stocks mixed ahead of midterm elections

Stocks were mixed Monday as the equity market braces for a potential congressional shake-up following the US midterm elections. The S&P 500 (^GSPC) rose 0.2%, or 5.32 points, as of 10:56 a.m. ET, while the Dow (^DJI) advanced 0.51%, or 129.9 points. The Nasdaq (^IXIC) fell 0.97%, or 71.38 points, as shares of Apple (AAPL) continue […]

Clean finance needs to include traditionally 'dirty' industries

Clean finance needs to include traditionally 'dirty' industries

Toby Heaps is chief executive of Corporate Knights Inc. and Annette Verschuren, O.C., is chair and CEO of NRStor Inc. The rising tide of investor interest in green bonds – which has tripled since 2015 – and in clean finance more generally is indisputable. But if we are going to navigate our way to safer […]

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