The Finance 202: Wall Street, Trump forced to confront Saudi ties

The Finance 202: Wall Street, Trump forced to confront Saudi ties

THE TICKER JPMorgan Chase CEO Jamie Dimon. (AP Photo/J. Scott Applewhite) Add JPMorgan Chase chief executive Jamie Dimon, BlackRock’s Larry Fink and Blackstone’s Steven Schwarzman to the list of American business leaders shunning Saudi Arabia in the wake of journalist Jamal Khashoggi’s disappearance.  The trio of financiers are joining an exodus of high-powered executives announcing they won’t attend Saudi […]

Saudis reject threats as stocks plunge after Trump comments

Saudis reject threats as stocks plunge after Trump comments

DUBAI, United Arab Emirates (AP) — Saudi Arabia on Sunday threatened to retaliate for any sanctions imposed against it after President Donald Trump said the oil-rich kingdom deserves “severe punishment” if it is responsible for the disappearance and suspected murder of Washington Post contributor Jamal Khashoggi. The warning from the world’s top oil exporter came […]

State finance officials frustrated over budget bill hangup

State finance officials frustrated over budget bill hangup

By Colin A. Young State House News Service  October 13, 2018 Comptroller Thomas Shack feels like he’s the chirping smoke detector of state government, regularly sloughed off when he attempts to warn of an impending problem. “When the smoke detector starts to go off you have two things you can do; you can either address […]

Finance ministry rubbishes charge of stuck GST claims worth Rs 23000 crore

Finance ministry rubbishes charge of stuck GST claims worth Rs 23000 crore

NEW DELHI: The finance ministry on Friday dismissed as “exaggerated” and “inaccurate” exporters’ contention that about Rs 23,000 crore of goods and services tax-related refund claims are stuck with the government. “A large number of exporters have been granted refunds so far while a few claims are still pending owing to deficiencies found in the […]

The Finance 202: Trump says he won't fire his Fed chair. It's not clear he could.

The Finance 202: Trump says he won't fire his Fed chair. It's not clear he could.

THE TICKER President Trump said Thursday he is not going to fire Jay Powell, even as he continued his rhetorical assault on his handpicked Fed chair amid more stock market wreckage. But the fact that Trump even raised the specter of dumping Powell raises a surprisingly complicated question: Could he?  Fed experts say it’s less than clear. […]

Dow tumbles more than 600 points after Wednesday's rout

Dow tumbles more than 600 points after Wednesday's rout

The stock sell-off deepened Thursday afternoon. The Dow (^DJI) tumbled 2.38%, or 608.23 points as of 2:47 p.m. ET, shortly after shedding 698.97 points to hit a session low. The index had plummeted more than 800 points at the end of trading Wednesday. The S&P 500 (^GSPC) slipped 2.13%, or 58.64 points and is on track to post […]

Dow drops 831 points, S&P 500 posts five-day losing streak

Dow drops 831 points, S&P 500 posts five-day losing streak

Stocks posted their worst single-day drop in months on Wednesday. The Dow (^DJI) tumbled 3.15%, or 831.83 points, with all 30 component of the blue-chip index finishing in the red. The S&P 500 (^GSPC) fell 3.29%, or 94.66 points for its fifth day of losses and longest losing streak since late 2016  The declines marked the biggest single-day […]

Analysis: Texas' school finance problem in one pesky chart

Analysis: Texas' school finance problem in one pesky chart

Editor’s note: If you’d like an email notice whenever we publish Ross Ramsey’s column, click here. There is a chart on page 205 of the newest edition of a wonky and essential Texas government publication called “Fiscal Size-Up: 2018-19 Biennium.” You might not be running to look it up — only a particular order of […]

Markets have lost confidence in Italy's finance chief, analysts say

Markets have lost confidence in Italy's finance chief, analysts say

Simona Granati | Corbis | Corbis News | Getty Images ROME, ITALY – OCTOBER 04:Economy Minister Giovanni Tria speaks during the presentation of the ASviS 2018 Report ‘Italy and the Objectives of Sustainable Development’ at the Chamber of Deputies, on October 4, 2018 in Rome, Italy.  Market players have lost confidence in the Italian finance […]

Stocks trade lower, Dow falls more than 100 points

Stocks trade lower, Dow falls more than 100 points

U.S. stocks traded lower after wavering Monday morning. The Dow (^DJI) fell 0.6%, or 157.9 points at 12:10 p.m. ET, after falling as much as 223.96 points earlier in the morning. The S&P 500 (^GSPC) slipped 0.64%, or 18.46 points. The Nasdaq (^IXIC) fell 1.38%, or 108.77 points, as tech stocks largely declined. Some experts are still […]