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Finance

A collection of news and information related to Finance published by this site and its partners.

Top Finance Articles

Displaying items 100-110
  • Cuba-focused fund rockets on expected U.S. policy shift

    Shares of the Herzfeld Caribbean Basin Fund jumped by nearly 40 percent to a seven-year high on record volume on Wednesday following reports that the Obama administration was preparing to announce sweeping changes to U.S. policy about Cuba. The fund, a...
  • White House fact sheet on change in Cuba policy

    Following is the text of a White House news release titled "Charting a New Course on Cuba." Today, the United States is taking historic steps to chart a new course in our relations with Cuba and to further engage and empower the Cuban people. We are...
  • Online lender OnDeck Capital's shares soar in debut

    Shares of OnDeck Capital Inc rose as much as 40 percent in their market debut, underscoring investor appetite for startups using technology to disrupt traditional banking. The online lender's shares touched a high of $28 amid heavy trading on Wednesday,...
  • U.S.-based stock funds post $3.3 billion outflows in latest week: ICI

    Investors in U.S.-based mutual funds pulled $3.3 billion out of stock funds in the week ended Dec. 10 after a slump in oil prices raised concerns about the U.S. stock market, data from the Investment Company Institute showed on Wednesday. The outflows...
  • U.S. Fed awards fewest reverse repos in almost a year

    The U.S. Federal Reserve on Wednesday awarded $31.78 billion of overnight fixed-rate reverse repurchase agreements to 23 bidders at an interest rate of 0.05 percent, the New York Federal Reserve said on its website. Wednesday's allotment was the smallest...
  • Full text of Obama remarks on Cuba

    Full text of Obama remarks on Cuba
    Full text of President Obama’s remarks on U.S.-Cuba relations, delivered at 12:01 p.m. today from the White House Cabinet Room: THE PRESIDENT:   Good afternoon.  Today, the United States of America is changing its relationship with the people of...
  • Ruble collapse? Foreign 'speculators' say it wasn't us

    A 20 percent currency drop in two days sounds like the opportunity of a lifetime for a savvy hedge fund superstar to earn a fortune. But foreign fund managers say they have mainly stayed away from bets against the ruble, because the Russian market is just...
  • Some big stock market winners emerge from Obama move on Cuba

    A tiny mutual fund based in Miami, a clutch of cruise line operators and a Canadian natural resources company are the early winners in the Obama administration's surprise move on Wednesday to thaw relations with Cuba. After more than five decades of...
  • President Obama's statement on Cuba policy change

    Good afternoon. Today, the United States of America is changing its relationship with the people of Cuba. In the most significant changes in our policy in more than fifty years, we will end an outdated approach that, for decades, has failed to advance our...
  • Highlights: Fed chief Yellen's news conference after FOMC meeting

    The following are highlights of Federal Reserve Chair Janet Yellen's remarks at a press conference following the conclusion of the U.S. central bank's two-day policy meeting on Wednesday. ON CONGRESSIONAL THREAT TO FED'S INDEPENDENCE The ability of...
  • Investors in beat-up oil bonds lean on banks for rescue

    Independent oil exploration and production companies are leaning heavily on bank credit lines to survive plunging crude prices, making it a nervous time for U.S. funds holding their junk-rated debt. "The question is, 'How long do the banks keep the heart...