Dec 16, 2014 10:53am

Slide Continues for Oil and the Ruble

Morning Money Memo… Global financial markets are a slippery slope for oil and the ruble. Despite a huge overnight rate hike by Russia’s Central Bank, the value of the ruble continues to fall. The surprise decision to raise the rate to 17% from 10.5% has… Read More »

Dec 11, 2014 9:13am

Court Takes Ax to Insider Trading Legislation

Morning Money Memo: A federal appeals court has overturned two insider trading convictions in a controversial ruling that could potentially hamper the government’s ability to prosecute financial crimes. The Second Circuit Court of Appeals ruled that trading based on insider information is not always illegal,… Read More »

Dec 5, 2014 11:45am

Uber Raises Another $1.2 Billion in Funding

Morning Money Memo… Uber is giving users 41 billion reasons to trust its service. The interactive ride-sharing app announced Thursday that it had raised $1.2 billion in additional funding, valuating the company just north of $41 billion. The company is making efforts to display resilience… Read More »

Nov 28, 2014 8:56am

Oil Prices Tank on OPEC Decision

Morning Money Memo: Oil prices continue to sink this morning, down 6 percent on news that the oil-producing nations of OPEC rejected increasing calls to lower oil production output amid falling prices. The decision sent prices plummeting this morning, as investors were looking for decisive… Read More »

Nov 21, 2014 10:31am

Dow Hits New High

The Dow Jones Industrial Average is trading at new highs today thanks to an interest rates cut by the People’s Bank of China and the suggestion of new stimulus by the European Central Bank. As of 10 a.m., the Dow was up about 162 points…. Read More »

Nov 21, 2014 9:07am

Markets Get Boost on China Decision, ECB

Morning Money Memo… Markets worldwide are getting a boost this morning after a slew of positive policy news for investors.  China’s central bank cut interest rates overnight for the first time in over two years in an effort to boost slowing growth. European Central Bank… Read More »

Nov 14, 2014 9:19am

Oil Prices Expected to Keep Falling in 2015

Morning Money Memo…. Oil prices are expected to drop into 2015, the International Energy Agency said in its Oil Market Report this morning. Downward price pressure is expected to continue into the first half of next year, with oil demand falling to five-year lows while… Read More »

Nov 7, 2014 9:12am

214K New Jobs Cut Unemployment Rate to 5.8% for a 6-Year Low

Morning Money Memo: ABC News’ Zunaira Zaki and John Kapetaneas report: The economy created 214,000 jobs in October, slightly lower than economist expectations. There were a couple bits of good news in today’s Labor Department report: August and September numbers were revised to show a… Read More »

Nov 6, 2014 9:18am

Only Thing Not Flying This Thanksgiving Will Be the Turkey

Morning Money Memo… Markets worldwide are mixed this morning, following a slew of economic and policy decisions out of Europe. The European Central Bank and the Bank of England both announced decisions to hold interest rates steady at current record low levels. European markets are… Read More »

Nov 3, 2014 10:17am

Hotel Chain Lets You Unlock Room Door With Cellphone

Morning Money Memo… Hotel guests could soon be heading to their rooms without ever seeing the front desk. New programs are helping speed up the check-in process for busy travelers or, in at least one case, letting them go straight to their rooms by using… Read More »