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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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How To Save On Sightseeing In New York City
America’s largest city might seem expensive, but visitors may be surprised to discover that many attractions are free or discounted. Indeed, with the exception of transportation, visitors can spend an...
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