CEOs from 181 major corporations signed a new “purpose of a corporation” definition statement. Also, stocks are climbing, gold is falling, and investors are speculating on the Fed.
Read MoreStocks rallied Friday morning to cap off a turbulent week. The Dow rose 163 points, while the S&P 500 jumped 0.94%, and the Nasdaq gained 1%.
Read MoreThe whistleblower who exposed Madoff says the “$38 billion in fraud we’ve come across is merely the tip of the iceberg.” Plus new economic data and a possible acquisition.
Read MoreThe yield curve is inverting, and bank stocks and department store stocks are crashing. Welcome to Wednesday.
Read MoreThe spread between the closely watched 2- and 10-year yield looks set to invert any day now, and is currently at its flattest level since 2007. Could that mean another rate cut from the Fed next month?
Read MoreFormer U.S. Treasury Secretary Lawrence Summers said the current risk for recession is “much higher than it needs to be and much higher than it was two months ago.”
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