By Ellis Mnyandu NEW YORK, May 15 (Reuters) – US stocks are likely to hit more speed bumps next week as investors become more wary of Wall Street’s ability to rally further and housing starts, jobless claims and other indicators are in the spotlight.
Treasury chief Geithner says new regulatory structure needs to be ‘cleaner’ and consolidated – says administration will unveil legislation within weeks.
Citigroup Inc (CN) and Bank of America Corp (BAC.N) shares rallied in premarket trading ahead of the release of “stress test” results that will force them and other top banks to raise tens of billions of dollars in capital.
By Phil Mintz and Jane Sasseen It appears that a level playing field depends on where your seats are. The Obama Administration on May 4 fleshed out its proposals for raising approximately $210 billion over 10 years by curbing what it says are corporate …
By Peter A. McKay and Rob Curran A round of better-than-expected earnings reports pushed stocks higher ahead of the government’s criteria for its stress test, expected at 2 pm EDT.