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Market News

Location American Market News for 19 October 2013

Investors Shrugging Off 'Washington Whiplash'

Wall Street Journal - 19 Oct 2013 02:53
Even as investors resign themselves to the possibility of another debt-ceiling fight early next year, many say the market has become largely inoculated to the dysfunction on Capitol Hill.
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JPMorgan May End Up Paying Record $13B, Criminal Charges Still Loom The nation's biggest bank could face one of the biggest government settlement's in history.
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MotoGP world champion Jorge Lorenzo overcomes a collision with a seagull to set a lap record in qualifying for Sunday's Australian Grand Prix, but will face a new challenge in the race itself.
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S&P breaks record, Google's stock tops $1,000 on earnings The S&P 500 closed up 0.7%, while the Nasdaq rose 1.3% to finish at its highest since 2000
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Gold recovers on retail buying; silver falls

livemint.com - 19 Oct 2013 12:59
Gold recovers on retail buying; silver falls Gold of 99.9 and 99.5% purity recovered by Rs150 each to Rs31,650 and Rs31,450 per ten grams respectively
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Banks Probe Auto Dealers' Loan Practices

Wall Street Journal - 19 Oct 2013 05:19
Under pressure from a federal regulator, big banks are demanding that auto dealers prove their loan practices don't violate lending-discrimination laws, reigniting a struggle over regulation of the $783 billion auto loan...
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Gorman's Strategy Pays Off for Morgan Stanley

Wall Street Journal - 19 Oct 2013 05:18
Morgan Stanley swung to a third-quarter profit, solidly beating analyst estimates, as strong results in the company's wealth management business helped offset a slump in fixed-income trading revenue.
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Banks Are Facing a Profit Squeeze

Wall Street Journal - 19 Oct 2013 03:43
The nation's biggest banks are getting squeezed from almost every direction, quarterly reports show, from slumping mortgage demand to a sluggish economy and tumultuous bond markets.
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A 'Grand' Moment for Google

Wall Street Journal - 19 Oct 2013 03:04
The mobile Internet appears to be helping, rather than hurting, Google's lucrative advertising machine, easing investor worries and propelling its shares past $1,000.
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