Money
Consumer spending stalls, morale at 6-month low
WASHINGTON - Consumer spending growth ground to a halt in May as auto purchases flagged, while confidence ebbed to a six-month low in June, the latest signs of trouble for the economy.
Recent Money News
You, too, can be like Larry Ellison and buy your own island
CHICAGO - You don't have to be Larry Ellison to own an island. | Video
Bernard Madoff brother pleads guilty in Ponzi case
NEW YORK - Bernard Madoff's younger brother pleaded guilty to criminal charges that he helped advance the multibillion-dollar Ponzi scheme, but denied knowing about the epic, decades-long fraud.
Global investment banking fee income fell 25 percent in Q2
LONDON/NEW YORK - Global investment banks' fee income dropped by about 25 percent in the second quarter, reaching its lowest level since early 2009 as the widening euro zone crisis weighed on securities underwriting and merger activity, Thomson Reuters data show.
Supreme Court upholds Obama's healthcare law
WASHINGTON - The Supreme Court upheld President Barack Obama's healthcare law on Thursday in an election-year triumph for him and fellow Democrats who championed the most sweeping overhaul since the 1960s of the unwieldy U.S. healthcare system. | Video
JPMorgan likely to post $4 billion to $6 billion trade loss
NEW YORK - JPMorgan Chase & Co's losses from disastrous derivatives trades will likely amount to $4 billion to $6 billion in the second quarter, far more than the original estimate of at least $2 billion, according to a person familiar with the matter.
How couples sabotage their finances
U.S. couples are waiting longer to get married, meaning they may also be several years into making their own financial decisions. Lacking early discussions over their finances may be a mistake that hurts them later. Full Article | Document
Reuters Money Tweets
Markets
- U.S.
- Europe
- Asia
- Sectors
| DOW | 12,880.09 |  +277.83 |
+2.20% |
| S&P 500 | 1,362.16 | +33.12 |
+2.49% |
| NASDAQ | 2,935.05 | +85.56 |
+3.00% |
| TR US Index | 123.19 | +3.03 |
+2.52% |
Sector Summary
| Energy | +2.70% |
| Basic Materials | +2.35% |
| Industrials | +2.31% |
| Cyclical Goods & Services | +1.42% |
| Non-Cyclical Goods & Services | +1.25% |
| Financials | +1.92% |
| Healthcare | +1.62% |
| Technology | +3.08% |
| Telecoms | +0.45% |
| Utilities | +0.50% |
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