NBC News Business
Updated: 39 sec ago
Stocks fell modestly on Tuesday, with the S&P 500 retreating from a record close, as investors considered the timing of reduced monetary stimulus from the Federal Reserve and monitored budget negotiations on Capitol Hill.
At the heart of the Volcker Rule is the distinction between proprietary trading and trades aimed at market-making or hedging risk.The success of the rules will depend on how effectively regulators have fenced off banned proprietary trading by banks from the permitted market making and hedging.
The U.S. consumer financial watchdog ordered a General Electric Co unit on Tuesday to refund up to $34.1 million to customers who it said were misled about healthcare credit cards.
Wall Street banks will need to prove to regulators their trades are done on behalf of clients or to protect against market risks and are not speculative bets for their own profit, under the Volcker rule approved by U.S. officials on Tuesday.
For many workers, a 401(k) plan is the cornerstone of their retirement plan. With defined benefit plans disappearing, Americans are now charged with making sound financial planning decisions, often with little professional assistance from an adviser.
Customers are angrier than ever and no wonder: they're losing. The good news is with a few inside tips, they can get the satisfaction they deserve.According to the 2013 Customer Rage Survey, customers are complaining more since 2011.
General Motors has turned to one of its own veteran executives, Mary Barra, to become the automaker's first female CEO as it remakes itself after a government bailout saved it from bankruptcy.A day after the U.S.
Americans are not very happy consumers. We’re frustrated and angry — and for good reason.More people than ever are dissatisfied with the products and services they buy, according to a new report from Arizona State University's W.P. Carey School of Business.
Main Street America is feeling a bit more upbeat lately, but it's an optimism tempered by worries over the economy and jobs.U.S.
Lululemon co-founder Chip Wilson, who recently issued a formal apology for remarks he made about how "some women's bodies just don't actually work" for his company's yoga pants, has stepped down as chairman.
SEATTLE — After an election recount Monday, a proposition to raise the minimum wage to $15 an hour in the suburb of SeaTac appears to have survived, King County election officials said. The measure passed by 77 votes in last month's election, with 6,003 votes counted.
NEW YORK — Responding to allegations of racial profiling, a coalition of major retailers agreed Monday to create a customer bill of rights that will explicitly prohibit profiling and unreasonable searches.
DETROIT — The U.S. government ended up losing $10.5 billion on the General Motors bailout, but it says the alternative would have been far worse. The Treasury Department sold its final shares of the Detroit auto giant Monday, recovering $39 billion of the $49.
Since the housing crisis began in 2008, approximately 4.6 million homes were lost to foreclosure, according to CoreLogic. The vast majority of those homeowners became renters.
Stocks closed marginally higher on Monday as Wall Street weighed when the Federal Reserve would begin curbing its monetary stimulus and tracked budget negotiations on Capitol Hill.
Just a week ago, skeptics were laughing at Shawn "Jay Z" Carter, wannabe sports agent.Not any more.The New York media and sports agent rivals this year derisively dubbed Jay Z the "Rookie" after he seduced Yankees second baseman Robinson Cano away from super-agent Scott Boras.
If you’re house hunting over the holidays, you’re likely a serious buyer with an immediate need. Perhaps you have to relocate for a new job opportunity, or there’s been a change in your personal life?
Fly the new American Airlines, it won't cost any more...as long as demand doesn't drop.That was the message from Doug Parker, who became chief executive officer of the world's largest airline on Monday with the merger of U.S. Airways and American Airlines.
They're not exactly singing "Happy Days Are Here Again," but business economists are feeling a little more upbeat about the recovery and job market heading into next year, according to a survey of the group released Monday.
The average price for a gallon of gasoline rose over the past two weeks for the second time in a row, after months of falling prices. A gallon of regular-grade gasoline costs $3.28 a gallon on average across the U.S., a rise of 2.