Oil prices rose slightly on Thursday after tame U.S. jobs and economic data signaled the Federal Reserve might be less hasty to raise interest rates and as a surge in gasoline futures drove expectations for more crude demand.
This is a story about trust. About why many Americans have tuned out and lost hope in financial “experts.” It's about the insights, foresights, reckless predictions and lack of conviction from media outlets, Wall Street analysts and talking heads that monopolize today’s market dialogue.
Bank of America Corp.’s Merrill Lynch was fined $6 million by the Financial Industry Regulatory Authority for allowing short-sellers to dump stocks without making sure they had first arranged to borrow the shares.
Bank of Montreal’s wager on U.S. banking is proving profitable amid rising commercial lending, three years after doubling down on the Midwest with its biggest acquisition in the Canadian company’s 196-year history.