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Trader's Blog
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Today's News
Stocks fall on news Fed weighed cutting stimulus
5 hours ago
The Federal Reserve took financial markets for a ride Wednesday, pushing stock prices up in the morning then sending them down in the afternoon. The Fed minutes, which were released at 2 p.m. Eastern Daylight Time, showed that some policymakers favored slowing the central bank's bond-buying program. That prompted traders to dump U.S. government bonds, sending their interest rates, or yields, higher.
Business Highlights
5 hours ago
___ Median CEO pay rises to $9.7 million in 2012 NEW YORK (AP) _ CEO pay has been going in one direction for the past three years: up. The head of a typical large public company made $9.7 million in 2012, a 6.5 percent increase from a year earlier that was aided by a rising stock market, according to an analysis by The Associated Press using data from Equilar, an executive pay research firm.
AP Top Financial News At 6 p.m. EDT
5 hours ago
HP's slumps deepens in 2Q as earnings fall 32 pct Penney secures $2.25B loan as it seeks turnaround Tesla uses stock, note sale to repay government
AP Top Extended Financial Headlines At 6 p.m. EDT
5 hours ago
Hewlett-Packard slogs through another tough quarter as PC sales continue to plummet Tesla uses stock, note sale to pay off government loan early Stocks fall, interest rates rise after Fed minutes show policymakers weighed stimulus pullback
