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Obama: Recession "Still Very Real" For Millions
(AP Photo/J.Scott Applewhite) President Barack Obama said Monday he doesn’t care that the Great Recession has been declared over by a group of economists. For the millions of people who are out of work...
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Fed Signals It Will Take Further Steps If Needed
Federal Reserve Chairman Ben Bernanke (AP) The Federal Reserve offered a dim view of the economy Tuesday and signaled it’s prepared to provide new relief if necessary. At the end of its meeting, the...
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Stocks Jump As Manufacturing News Improves
The stock market resumed a September rally on Friday following a sharp jump in orders for manufactured goods and better news about the European economy. The Dow Jones industrial average rose nearly 185...
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Stocks Edge Lower As Investors Pocket Profits
Stocks took a pause Monday from their big September rally as worries about the financial sector offset excitement over a fresh round of corporate dealmaking. The Dow Jones industrial average lost 48...
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Stocks Slip As European Protests Worsen Debt Fears
Stocks slipped Wednesday as protests against austerity measures in Europe brought new worries about the region’s financial system. The dollar fell further against other currencies on anticipation of...
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Stocks Nudge Higher As Manufacturing Improves
Stocks started off October on a positive note following mostly good news on the economy. Shares of big manufacturing companies like Boeing Co., General Electric Co. and 3M Co. rose Friday after the...
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Meltdown 2008 10/03
WWJ examines the financial meltdown of 2008 with a series of reports this week. WWJ’s Jayne Bower interviews economist Bob McHugh from Mainline Investors http://www.technicalindicatorindex.com/ who...
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Financial Meltdown 10/03
WWj examines the financial meltdown of 2008 with a series of reports this week. WWJ’s Jayne Bower interviews economist Bob McHugh from Mainline Investors...
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Stocks Rise On Hopes Of Fed Move, Dow Breaches 11k
(AP) Stocks are climbing after a surprise dip in unemployment claims and stronger sales reports from retailers. The Dow Jones industrial average was trading just below 11,000 for the first time since...
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Stocks Mixed To Start Busy Week Of Earnings
(AP) Stocks wavered Monday as investors struggled to extend a rally that pushed the Dow Jones industrial average above 11,000 last week for the first time since early May. The Dow rose 12 points in...
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President, GOP Debate Financial Reform, Stimulus
President Barack Obama says consumers would lose if Republicans regain power in Congress and try to roll back his hard-won Wall Street overhaul. He says the GOP’s promised repeal of the law would mean...
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Stocks Give Up Early Gains On Mixed Earnings
Stocks turned lower Thursday as investors dug through a raft of earnings reports that painted a mixed picture about the economy. The Dow Jones industrial average fell more than 30 points in midday...
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Stocks Surge A Day After Fed Reveals Stimulus Plan
Stocks rose sharply Thursday, one day after the Federal Reserve announced a $600 billion plan to stimulate the economy. The Dow Jones industrial average rose 199.51, or 1.7 percent, to 11,414.82 in...
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Ford Posts Strong 1st Quarter Profit
by Jeff Gilbert WWJ AutoBeat Reporter http://www.podtrac.com/pts/redirect.mp3/nyc.podcast.play.it/media/d0/d0/d0/dX/dH/dB/dP/XHBP_3.MP3 Interview: WWJ AutoBeat Reporter Jeff Gilbert talks one on one...
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Governor Synder Heads To Wall Street
LANSING (WWJ) – Michigan Governor Rick Snyder prepares to head to the Big Apple to meet with bond rating agencies. Gov. Synder plans to visit Wall Street once the state’s budget has been approved to...
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Compuware Stock Whacked Despite Performance
Wall Street again slapped down shares of Michigan’s largest tech company, Detroit-based Compuware Corp. (Nasdaq: CPWR) despite a financial report that slightly exceeded Wall Street expectations —...
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Federal Reserve To Address Inflation, Interest Rates
DETROIT (WWJ) – Policy-makers with the Federal Reserve wrap up an important two-day meeting Wednesday, addressing economic growth, inflation and interest rates. WWJ and FOX 2 Business Editor Murray...
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Stock Market Plummets, Auto Stocks Among Hardest Hit
DETROIT (WWJ/AP) – The stock market is finishing its worst day since the financial crisis. The Dow Jones industrial average plunged more than 500 points Thursday. Investors are concerned that the U.S....
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Video: Worst Week On Wall Street
Wrapping up the worst week on Wall Street since 2008, WWJ’s Vickie Thomas caught up with a local financial planner. Interview with Bob Stokes of Edward Jones Financial Advisors: More: Wall Street Ends...
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Wall Street Ends Worst Week In More Than 2 Years
BLOOMFIELD HILLS (WWJ/AP) - It was a wild day on Wall Street, a day after the Dow’s worst decline since 2008. The new jobs report caused the Dow to climb as many as 171 points at the start of trading....
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Uncertainty Raising Stock Market Concerns
SOUTHFIELD (WWJ) – Local stock-watchers are scratching their heads over what’s happening on Wall Street. WWJ’s Mike Campbell reports that the uncertainty in the financial markets and the financial...
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Mortgage Interest Rates Near All-time Lows
BIRMINGHAM (WWJ) – It may be bad news for your 401k, but it could be great news if you want to refinance your home. The sputtering economy is keeping mortgage rates low, with some fixed rates now...
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Stocks Tumble After S&P Downgrade Of US
NEW YORK (WWJ/AP) – The U.S. stock market joined a sell-off around the world Monday in the first trading since Standard & Poor’s downgraded American debt. The Dow Jones industrial average plummeted...
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Fed To Investors: Interest Rates To Stay Low
MADISON HEIGHTS (WWJ) – The Federal Reserve says it will likely keep interest rates at record lows for the next two years after acknowledging that the economy is weaker than it had thought, with...
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Shaky Wall Street Has Bing Concerned About Debt
DETROIT (WWJ) – In the wake of Wall Street’s shaky week, Detroit’s mayor is wondering if his city will take a financial hit. Detroit mayor Dave Bing has been keeping an eye on the roller coaster ride...
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U.S. Stocks Plummet On Global Recession Fears
BIRMINGHAM (WWJ/AP) – Investors on Wall Street and around the world are selling stocks, apparently more convinced than ever that the United States — and perhaps the globe — are headed for a new...
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Local Students Ignore Call For ‘Walk Out’ Protest
ANN ARBOR (WWJ/AP) – Organizers of the Occupy Wall Street protest Wednesday called on college students across the nation to walk out of class as a way to show their support for the cause. But students...
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Occupy Detroit Gets Union Support
DETROIT (WWJ) – Carrying signs and wearing stickers that said 99%, a few hundred union members marched in support of Occupy Detroit Sunday. Among them, Congressman Gary Peters, who told WWJ’s Beth...
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Ford Restores Dividend
DETROIT (AP/WWJ) – Ford Motor is going to resume paying a dividend on its stock, something the company hasn’t done in five years. The company’s board of directors approved a quarterly dividend of 5...
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Survey: MBA Grads Need More Practical Training To Succeed
LANSING (WWJ) - MBA graduates need more hands-on training to prepare themselves for Wall Street careers according to a new survey by Training The Street (TTS), a corporate training provider for a...
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What Can We Expect On Wall Street In 2012?
TROY (WWJ) – The Dow Jones Industrial Average surged 337 points Tuesday following encouraging economic signs out of Europe and a jump in apartment construction in the U.S. It was the best day for U.S....
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Facebook Expected To File Paperwork For IPO
SOUTHFIELD, Mich. (WWJ) – This could cause a lot of interest in the stock market. Facebook could file regulatory papers this week for its initial public stock offering. The popular social networking...
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Dow Closes Above 13,000 For First Time Since 2008 Crisis
After a week of fits and starts, the Dow Jones Industrial Average finally closed above 13,000 -- 13,005.12, to be exact -- for the first time since May 19, 2008.
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Opinion: Auto And Bank Bailouts Prove Effective
One of the signs that we are better off than we were four years ago comes in the form of a press release from the Treasury Department. Following the bailout of American International Group (AIG) in...
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Opinion: Occupy Wall Street’s First Anniversary
Today is the first anniversary of Occupy Wall Street, a protest movement that began in Zuccotti Park in New York City’s lower Manhattan location in Wall Street’s financial district on September 17,...
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Opinion: Republicans Are Abandoning Romney’s Sinking Ship
In a bit of political satire in Politico, Paul Ryan is now calling Mitt Romney “The Stench”, as in stench of defeat, and Team Romney refers to Paul Ryan as “Gilligan”. While it may be just humor, it...
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Opinion: If Republicans Can’t Run A Campaign How Can They Run A Government?
Showing the same business savvy that tanked the finance industry, the wealthy mega-donors of Republican SuperPACs are waking up to the fact that they got played by a bunch of political hacks that...
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Opinion: Upon Further Review: Mitt Romney May Have Cheated To Win The Debate
Over the past day the game tape of the debate has been reviewed. While Mitt Romney still enjoys the afterglow of the debate, the lies and half truths he told are being dissected. From tax policy to...
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Stocks Waffle After Mixed News On Manufacturing
Stocks are mixed as a rally that drove the market sharply higher in September appears to be running out of gas. Major indexes are fluctuating throughout Wednesday as investors reconcile a poor reading...
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Stocks End Mixed As Sept. Rally Loses Steam
Stocks are ending mixed as a two-week rally loses momentum. News of a retrenchment by FedEx also discouraged buyers. Stocks had been rising for most of September, but on unusually weak volume as...
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