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Finance & Markets

Allstate's Preferred Stock, Series I Yield Pushes Past 7%

In trading on Thursday, shares of Allstate Corp's 4.750% Noncumulative Perpetual Preferred Stock, Series I (Symbol: ALL.PRI) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.1875), with shares changing hands as low as $16.76 on the day. This

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Why AMD Stock Is Down Today

Key PointsAMD stock is falling as a midterm victory for Democrats sets off a sell-off in chip stocks, with investors worried about a clampdown on the AI industry.

France's Debt Crisis Could Trigger a Much Bigger European Meltdown

France’s present economic woes signal serious trouble ahead for the coherence of the European Union. On Wednesday evening, the French National Assembly unanimously rejected the government’s proposed…

  • French National Assembly rejects government budget, heightening EU concerns
  • France's debt exceeds 115% of GDP, credit outlook downgraded to negative
  • President Marine Le Pen favored for upcoming French presidential election

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