FirstEnergy had asked Trump administration for emergency order Electricity generators across U.S. pummeled by low power rates A power generator that pleaded for the Trump administration’s help in bailing out struggling coal and nuclear plants has filed for bankruptcy. FirstEnergy Solutions Corp., its subsidiaries and FirstEnergy Nuclear Operating Co.listed $550 million in cash to continue operations […]

Manipulative robots are spreading fake news online that could be exacerbating volatility in financial markets. A major study of tens of millions of tweets over two years found that the sheer volume sent by “bots” helped to drive shares in FTSE 100 companies up or down for short periods, effectively moving markets. Tweets sent by humans […]

Banks also weighed on the market as bond yields declined. A steep, late-afternoon sell-off in technology companies pulled U.S. stocks sharply lower Tuesday, knocking 344 points off the Dow Jones industrial average. The market slide erased modest gains from earlier in the day and much of a powerful rally from the day before. Banks also […]

A second consecutive year of soaring profits on Wall Street pushed the average bonus paid to securities industry employees in New York City to more than $184,000 in 2017, New York state’s top elected fiscal officer reported Monday. The average bonus paid to brokers rose 17 percent to $184,220, state Comptroller Thomas DiNapoli said. Pretax […]

Stocks slumped last week as investors grew nervous about the potential for increased global trade tensions. By Friday, both the Dow Jones Industrial Average (DJINDICES:^DJI) and the S&P 500 (SNPINDEX:^GSPC) had given up more than 5% to fall back into negative territory for the year. Macroeconomic concerns might dominate broader market headlines for the shortened […]

Investors sentiment increased to 1.15 in 2017 Q3. Its up 0.17, from 0.98 in 2017Q2. It improved, as 69 investors sold DAL shares while 247 reduced holdings. 92 funds opened positions while 271 raised stakes. 589.14 million shares or 3.18% less from 608.49 million shares in 2017Q2 were reported. Boothbay Fund Mngmt Ltd Limited Liability […]

The trade war drums beating from Washington to Beijing are getting louder, but this is not the orcs of Middle Earth storming out of the gate ready to crack heads. Everyone and their brother believes something’s got to give on intellectual property protections with regards to China. “The U.S. semiconductor industry shares the Trump Administration’s […]

NEW YORK (Reuters) – The dollar recorded its largest one-day loss in two months against a basket of currencies on Wednesday as Federal Reserve officials stuck to their view of three rate increases for 2018 as they want to see a further pickup in inflation. The U.S. central bank as expected delivered a quarter point […]

Letter signed by 49 of the largest retailers NEW YORK (CNNMoney) – The nation’s largest retailers are asking President Donald Trump not to slap new tariffs on China. The Trump administration has already imposed tariffs on steel and aluminum imports from most of the world, aimed primarily at curbing the excess production coming from China. […]

(Reuters) – Most Asian currencies softened versus the dollar on Monday, marking a slow start to a potentially tense week amid caution ahead of a key U.S. Federal meeting. Markets are bracing for Federal Reserve Chair Jerome Powell’s first monetary policy meeting on Tuesday and a widely expected 25 basis point rate hike. The key […]