Mecklenburg Times: News for Mecklenburg, Union and Iredell counties Real Estate, Development, Construction, and Community News in the Charlotte area and throughout Mecklenburg, Union and Iredell counties

NEW YORK (AP) — Stocks are rallying Thursday to recover almost all of their steep loss from a day before, when markets tumbled into the close. The S&P 500 was 1.5% higher in midday trading. The Dow Jones Industrial Average ...

Tagged with: stocks

By PAUL WISEMAN and HANNAH FINGERHUT Associated Press  WASHINGTON (AP) — Only 10% of U.S. adults say they have high confidence in the nation’s banks and other financial institutions, a new poll finds. That’s down from the 22% who said ...

Tagged with: banks

WASHINGTON (AP) — Treasury Secretary Janet Yellen projected calm on Tuesday after recent regional bank collapses but told a gathering of bankers that additional rescue arrangements “could be warranted” if any new failures at smaller institutions jeopardize financial stability. Yellen, ...

Tagged with: Federal Reserve chair Janet Yellen

WASHINGTON (AP) — It seemed like a good idea at the time: Red-state Democrats facing grim reelection prospects would join forces with Republicans to slash bank regulations — demonstrating a willingness to work with President Donald Trump while bucking many ...

Tagged with: banking

WASHINGTON (AP) — Treasury Secretary Janet Yellen is trying to project calm after regional bank failures, saying the U.S. banking system is “sound” but additional rescue arrangements “could be warranted” if any new failures at smaller institutions pose a risk ...

Tagged with: banking

Stocks gained ground in morning trading on Wall Street Wednesday as investors review a mostly solid round of earnings reports and await the Federal Reserve’s latest policy statement.  The decisive move higher was a welcome relief following several days of ...

Tagged with: stocks

Stocks fell broadly and bond yields surged on Wall Street in afternoon trading Tuesday amid renewed jitters that the Federal Reserve will lift interest rates to tackle rising inflation.   The S&P 500 was down 1.8% as of 12:44 p.m. Eastern, ...

Tagged with: stocks

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers  Stocks turned mixed in afternoon trading on Wall Street Tuesday as traders review the latest batch of economic reports after the year-end holidays.  The S&P 500 was down 0.4% as ...

Tagged with: stocks

By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Wall Street is joining a worldwide slump for financial markets on Monday amid worries about how badly the omicron variant, inflation and other forces will hit the economy. ...

By DAMIAN J. TROISE AP Business Writer Stocks edged lower in morning trading on Wall Street Thursday as investors tapped the brakes after three days of gains. The S&P 500 fell 0.3% as of 10:13 a.m. Eastern. The Dow Jones ...