Stocks are in danger of bumping into a another Washington wall. We're talking about a budget battle as the fiscal year comes to an end. It could lead to a government shutdown in just a week. What do traders need to know as the budget deadline nears? Yahoo Finance Senior Columnist Mike Santoli has more in the video above.
Bill Clinton is backing Janet Yellen for Fed Chair. In an interview that aired yesterday, the former president said Yellen has, "been right on everything that's happened in this whole aftermath of the financial crisis." Clinton also defended Larry Summers, his former Treasury Secretary who has withdrawn his name from consideration for the job.
Summer was not a hot time at Citi (C). The Financial Times reports the bank had a significant decline in trading revenues. Sources tell the paper the problem was a worse-than-expected slowdown in markets business. Citi's investments are particularly weighted towards interest rates and foreign exchange. It also has the largestRead More »from Gov’t Shutdown Weighing on Markets; Citigroup Citing Trouble; Netflix Wins with “Cards”