He got the GOP nod for Texas land commissioner Tuesday, and is likely to prevail in November, too. But as George P. Bush starts his political career, the pressing question is whether that of his father, Jeb Bush, is really ended.
Stocks jumped Tuesday after Federal Reserve Chair Janet Yellen said she would continue the central bank's market-friendly, low-interest rate policies. It's a positive shift for the stock market, which had its worst January since 2010 as concerns about growth in China and the US sent investors shifting from stocks to bonds.
Morgan Stanley lawsuit over mortgage securities with the Federal Housing Finance Agency was settled for $1.25 billion, the company said Tuesday. The Morgan Stanley lawsuit was part of a larger one in which the government sued 18 financial firms for selling mortgage securities that turned toxic when the housing market collapsed.