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Treasury Secretary Steven Mnuchin on Thursday called the shooting in the Florida high school a "tragedy" and urged Congress to "look at these issues." In testimony to the House Ways and Means Committee, Mnuchin said he had no proposals to make, saying gun violence was "out of my lane." He [...]
Thu, Feb 15, 2018
Source: Stock Market News
Bristol-Myers Squibb Co.'s stock shot up 4.1% toward an 18-month high in morning trade Thursday, after Morgan Stanley turned bullish on the drugmaker, for the first time in 18 months, citing "compelling" immuno-oncology growth prospects. Analyst David Risinger raised his rating to overweight, after being at equal weight since [...]
Thu, Feb 15, 2018
Source: Stock Market News
Exchange-traded funds that track emerging-market equities rallied on Thursday, extending their recent gains and putting them on track for their best weekly performance in more than a year. The iShares MSCI Emerging Markets ETF rose 1.6% on Thursday, putting it on track for its fifth straight daily gain and [...]
Thu, Feb 15, 2018
Source: Stock Market News
Federal regulators on Thursday hit U.S. Bancorp, the nation's biggest regional bank, with more than $800 million in fines for deficient anti-money laundering practices. The Justice Department announced a deferred prosecution with U.S. Bancorp related to the Bank Secrecy Act. Separately, the Federal Reserve ordered the Minneapolis-based bank to [...]
Thu, Feb 15, 2018
Source: Stock Market News
The Cboe Volatility index slumped on Thursday, dropping for a fifth session amid an ongoing recovery in the U.S. equity market. The VIX is down 37% thus far this week, putting it on track for its biggest one-week percentage decline since July 2016. Despite the decline, the so-called "fear [...]
Thu, Feb 15, 2018
Source: Stock Market News