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Trader's Blog

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Today's Financial News

Senate Democrats want NYC rent rules extended for 2 years, rent hikes on vacant units limited

11 hours ago

ALBANY, N.Y. (AP) — Democrats in the state Senate on Wednesday proposed extending New York City's rent regulations for two more years and limiting how much a landlord can increase the rent when a rent-stabilized unit becomes vacant. More than 2 million New York City residents live in approximately 1 million rent-stabilized units.

Tiffany, Michael Kors, Workday, DSW and Hydrogenics are big market movers

11 hours ago

NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Tiffany & Co., up $9.01 to $94.54 The luxury jeweler reported better-than-expected first-quarter profit and revenue and issued a strong earnings outlook. Michael Kors Holdings Ltd., down $14.66 to $45.93

How the Dow Jones industrial average and other major indexes fared on Wednesday

11 hours ago

Stocks ended higher, recovering the most of their losses from the day before, as Greece appeared closer to resolving its latest debt problems. However, the overall market remains directionless as most investors are focused on figuring out when the Federal Reserve's long-awaited interest rate increase may come.

Hopi Tribe, Arizona lawmakers ask feds for help in stopping French auction of sacred objects

11 hours ago

PHOENIX (AP) — Hopi tribal leaders and Arizona congressmen are asking the federal government for help in preventing the sale of sacred Hopi items at a Paris auction house in June. This is the sixth time the French auction house, Estimations Ventes aux Encheres, has sold objects sacred to Native American tribes. It has argued that the items legally belong to collectors, and a Paris court has ruled that such sales are legal.

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