NEW YORK - U.S. stocks fell in afternoon trading on Tuesday after swinging between gains and losses for most of the session as the lack of major corporate earnings or market-affecting data kept trading directionless.
Recent Business News
FRANKFURT - The European Central Bank (ECB) will press euro zone banks to revalue their assets and take a more realistic view on likely losses when it probes their balance sheets in the coming months, signaling a new, more aggressive era of banking supervision.
WASHINGTON - A probe by the U.S. Congress into General Motors' recall of malfunctioning cars blamed for 13 deaths expanded on Tuesday when Senate Commerce Committee Chairman John Rockfeller sought hearings related to the company's ignition switch problems. | Video
ACCRA - The board of Ecobank removed its chief executive, Thierry Tanoh, on Tuesday following months of turmoil at one of the biggest financial institutions in sub-Saharan Africa.
- Tesla Motors Inc said New Jersey Governor Chris Christie's administration was pushing forward with a regulation that would hamper sales in the state by forcing the electric-car company to use dealers instead of selling directly to customers.
For the third day, search and rescue operations from 10 different countries failed to find any trace of the missing Malaysian plane that disappeared about an hour into a flight to Beijing.
- The worrying (or not) rise of margin debt
- Manufacturing and consumer spending edge up
- Is China’s red-hot housing market finally beginning to cool down?
- What we know about income inequaliy: America’s disappearing ‘middle-skill’ jobs and falling wages
- The end of the boom in emerging markets reserves
- Is the US labor market doing better than we think?