Jamie Dimon and Lloyd Blankfein predict that Wall Street will recover from a third consecutive quarterly drop in combined trading and investment banking revenue
Bank of America Corp., the second- largest U.S. lender, swung to a fourth-quarter profit as the company sold assets and built capital faster than expected.
U.S. stocks are off to the best start in 25 years as investors speculate Federal Reserve Chairman Ben S. Bernanke has done enough to insulate the economy from Europe’s debt crisis.
Sales of previously owned U.S. homes rose for a third month in December to the highest level since January 2011, a sign the housing market ended last year with momentum.
Builders began work on fewer houses than forecast in December, capping the worst year on record for single-family home construction and signaling recovery in the industry will take time.
Billionaire George Soros’s assertion that Denmark’s $480 billion mortgage credit system can weather any crisis better than any country where mortgages are bought and sold is proving the rule for international investors.
U.S. stocks declined, snapping a three-day rally in the Standard & Poor’s 500 Index, amid disappointing quarterly results at companies including Google Inc., American Express Co. and General Electric Co.