Wall Street

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The cause and effect of the debt ceiling

The government shutdown entered its second week with no end in sight and ominous signs that the United States was closer to the first default in the nation’s history. As you can imagine, all of […]

10/08/2013

A Tesla Model S driving outside the Tesla factory in Fremont, Calif. (AP Photo/Paul Sakuma, file)

Tesla shares fall further on Model S fire

Shares of Tesla Motors fell another 5 percent Thursday as investors in the high-flying company assessed the fallout from a fire in one of its $70,000 electric cars. The fire began in the car’s battery […]

10/03/2013

A specialist looks at a screen at his post on the floor of the New York Stock Exchange Wednesday, Oct. 2, 2013. The stock market is closing slightly lower as investors weigh the possibility that political gridlock may keep the government partially closed for some time. (AP Photo/Richard Drew)

Stocks fall as fears of protracted shutdown grow

NEW YORK (AP) — Wall Street to Washington: end the shutdown and move on. The U.S. stock market ended lower Wednesday as traders, Europe’s central banker and Wall Street CEOs urged Congress to stop the […]

10/02/2013

President Barack Obama in the Rose Garden at the White House in Washington, Tuesday, Oct. 1, 2013, to speak about the Affordable Care Act, his signature health care law. Congress plunged the nation into a partial government shutdown Tuesday as a long-running dispute over President Barack Obama's health care law forced about 800,000 federal workers off the job, suspending all but essential services. (AP Photo/Charles Dharapak)

Shutdown gives Obama unlikely ally: big business

WASHINGTON (AP) — Business leaders are taking sides with Democratic President Barack Obama after failing to persuade their traditional Republican allies in Congress to avert a government shutdown. Obama, whose health care and regulatory agenda […]

10/02/2013

(AP Photo)

Stocks drop as government heads toward shutdown

NEW YORK (AP) – Stocks sank Monday as Wall Street worried that a budget fight in Washington could lead to something much worse for the economy- a failure to raise the nation’s borrowing limit. It […]

09/30/2013

Trader Robert McQuade works on the floor of the New York Stock Exchange. (AP Photo/Richard Drew)

Encouraging news on jobs, retailers lifts stocks

NEW YORK (AP) — Upbeat news about jobs and retailers lifted the stock market in early afternoon trading Thursday. Unemployment claims fell close to their lowest level in six years, the government reported, and J.C. […]

09/26/2013

A sales person pulls out an iPhone 5s for a customer.  (AP Photo/Alan Diaz)

Apple says it has sold 9M new iPhones since Friday

  NEW YORK (AP) — Apple says shoppers snapped up 9 million of its newest iPhones since the devices were launched Friday, and that demand is exceeding supply. Apple says the two new models gave […]

09/23/2013

(AP Photo)

Summers withdraws name from Fed consideration

WASHINGTON (AP) – Lawrence Summers, who was considered the leading candidate to succeed Ben Bernanke as Federal Reserve chairman, has withdrawn from consideration, the White House said Sunday. Summers’ withdrawal follows growing resistance from critics, […]

09/15/2013

Luigi Muccitelli, center, works with fellow traders on the floor of the New York Stock Exchange. (AP Photo/Richard Drew)

Dow Jones average has its best week since January

NEW YORK (AP) — Stocks rose broadly Friday, giving the Dow Jones industrial average its best week since January. The market got a lift from two economic reports, one showing that inflation remained tame in […]

09/13/2013

(AP Photo)

Dell shareholders approve $24.8B buyout offer

ROUND ROCK, Texas (AP) — Dell shareholders have approved a $24.8 billion offer from its founder to buy the company and take it private, ending the struggling computer maker’s quarter-century history as a publicly held […]

09/12/2013

A television displays news about the Nasdaq on the Nasdaq building in New York, Thursday, Aug. 22, 2013.  (AP Photo/Seth Wenig)

Nasdaq breakdown puts pressure on crisis work

WASHINGTON (AP) — The latest high-tech disruption in the financial markets increases the pressure on Nasdaq and other electronic exchanges to take steps to avoid future breakdowns and manage them better if they do occur. […]

08/23/2013

Specialist Jason Notter, left, and trader Edward Curran work on the floor of the New York Stock Exchange. (AP Photo/Richard Drew)

Why the stock market is having a chilly August

NEW YORK (AP) — It’s been a chilly August for the stock market. At the start of the month, the Dow Jones industrial average and Standard & Poor’s 500 index hit all-time highs. Now the […]

08/20/2013

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