U.S. oil prices jumped Wednesday after weekly data showed domestic stockpiles fell far more than expected, a bullish signal to the market that the long growth in supplies may finally be abating.
Universal banks use cross-selling or revenue synergies as an argument for their continued existence but, for some, costs increasingly undermine this.
For months, it seemed like nothing could stop eurozone government bond yields from falling. In a strange way, that has turned out to be true. That has been painful, but may ultimately be good news if it makes investors less complacent.
A broad market reversal is battering hedge funds, spoiling the industry’s strongest annual start since the financial crisis.
Congressional efforts to press the Federal Reserve for more details about a possible leak have suddenly focused attention on Chairwoman Janet Yellen’s contacts.
The European Union unveiled a plan to unite the region’s online markets and crack down on possible abuses by U.S. Internet firms.
A stronger dollar and an influx of pent-up imports into West Coast ports are pointing the U.S. economy toward its third quarterly contraction in its six-year-long expansion.
Navinder Singh Sarao, the U.K. trader who allegedly contributed to the 2010 “flash crash,” can’t pay his bail because of a U.S. order to freeze his assets, his lawyer said.
U.S. stock futures rose Wednesday, boosted by energy shares as U.S. oil prices hit fresh five-month highs.
Twitter’s financial chief Anthony Noto is bringing in help on the finance side as he takes on the added role of heading the social media service’s marketing department.