JPMorgan Chase said today it earned $2.14 billion for the first quarter, thanks to rising deposits and lower borrowing rates. The profit was 10 percent lower than last year, but better than expected.
The number of newly laid-off Americans requesting unemployment insurance benefits fell last week, a sign that job cuts could be easing.
The number of American households threatened with losing their homes grew 24 percent in the first three months of this year and is poised to rise further as major lenders restart foreclosures after a temporary break, according to data released today.
President Barack Obama seized the opportunity on tax-filing day to assert that his administration is easing the tax burden of working people.
Investment bank Piper Jaffray Cos. said Wednesday that its first-quarter loss widened, but results were better than analysts had forecast.
Investors picked up consumer staples and industrials stocks today but remained cautious after getting more evidence that the economy is still struggling.
Protesters began gathering at state Capitols and in neighborhoods and town squares across the country Wednesday to kick off a series of tax-day protests designed to echo the rebellion of the Boston Tea Party.
American Funds plans to send out proxy statements next week to shareholders of its money market mutual funds seeking approval to merge two of the funds and convert one to a short-term bond fund.
In what some say is a growing trend, The Permal Group Inc., a fund-of-hedge-funds affiliate of Legg Mason Inc., today launched its first mutual fund.
Stocks fell Tuesday after an unexpected drop in retail sales and producer prices tested a notion that the economy is starting to find its footing.
