Author: super@dmin

Citigroup Inc. is keeping chairman and chief executive roles separate. The bank’s C, +1.59%  board on Monday said it has selected director John Dugan, a former top banking regulator, as its next chairman. Dugan will move into the role in January, following Michael O’Neill’s retirement, setting him up to preside over the bank’s annual meeting…

Great news for savers: Average retirement account balances have hit record highs and have almost doubled in the past 10 years. A good deal of the money in 401(k) accounts is ending up in target-date funds. In fact, more than half of 401(k) accounts hold 100% of their assets in target-date funds, according to third-quarter…

Unlce Sam wants you … to invest. Are you prepared for Tuesday? It’s going to be a crucial day for the stock market. If the polls are correct, President Trump and Republicans are in big trouble. There’s an 85% chance Democrats will seize control of the House of Representatives from Republicans, according to statistical analysis…

If the Democratic Party wins back control of the House of Representatives on Election Day, it won’t have been all about fundraising — but big bucks certainly will have helped. The magnitude of spending by Democratic challengers stands out this year, because typically they’re outspent by incumbents who win relatively easily, according to Sarah Bryner,…

Gold futures slipped Monday, but remained within striking distance of a more than three-month high reached last week as the direction of the dollar and stocks vacillated, influencing metals trade. Gold for December delivery GCZ8, -0.02%  slipped $2.40, or 0.2%, at $1,230.90 an ounce. The contract ended Friday and last week slightly lower after a…

Oil futures pushed higher in choppy trade Monday, erasing earlier weakness in an attempt to bounce back from a sharp October selloff that pushed both the global and U.S. benchmarks into correction territory, as sanctions on Iran take effect but are blunted by the Trump administration’s decision to grant waivers to eight buyers of the…

U.K. stocks pushed higher on Monday, shaking off earlier weakness from banks and global malaise, including trade tensions, as well as a report showing weakness in the country’s services sector. A pullback for the pound also gave stocks some breathing room—a stronger pound can weigh on the FTSE 100, as the index’s multinational companies generate…

Wall Street’s giving favors Democrats in 2018 election: The securities and investment industry has given a higher percentage to Democratic candidates and party committees than to Republicans for the first time since 2008, says a Wall Street Journal report citing data from the nonpartisan Center for Responsive Politics. This year through Oct. 17, Wall Street…

Bitcoin opens Monday where it has kicked off the majority of recent sessions, trading mostly unchanged. Early Monday a single bitcoin BTCUSD, -0.15%  was fetching $6,423.21, down 0.1% since 5 p.m. Eastern Time on Sunday on the Kraken crypto exchange. As bitcoin trading ranges narrow, records continue to tumble. “As it turns out, [bitcoin] XBT…

Iranian President Hassan Rouhani vowed that his country would resist tough new U.S. sanctions on Iran’s oil and banks on Monday, as Tehran braced for a new era of political and economic isolation. “Unfair sanctions are against the law, U.N. resolutions and international accords. Therefore, we will proudly break the sanctions,” Rouhani said on national…