Wells Fargo said late Tuesday it was shrinking its home-mortgage business, aiming to serve its own bank customers as well as people in “minority communities.” Wells Fargo WFC, -0.07% also Read more
Tag: shrinks
U.S. trade deficit in goods shrinks fifth month in a row. Strong dollar dings exports
The numbers: The U.S. trade deficit in goods narrowed for the fifth month in a row to $87.4 billion, reflecting reduced demand for imports and the negative effects of a strong Read more
U.S. trade deficit in goods shrinks fifth month in a row. Strong dollar dings exports
The numbers: The U.S. trade deficit in goods narrowed for the fifth month in a row to $87.4 billion, reflecting reduced demand for imports and the negative effects of a strong Read more
JPMorgan and Goldman are still top dogs in investment banking but business shrinks significantly in 2022
JPMorgan Chase & Co. and Goldman Sachs Group Inc. held on to their one-two rankings in investment banking revenue in 2022 while Bank of America Corp. pushed its way into Read more
U.S. economy shrinks in the second quarter, GDP shows, and invites talk of recession
The numbers: The U.S. economy shrank at a annual 0.9% pace in the second quarter to mark the second decline in a row, intensifying a debate over whether the U.S Read more
U.S. economy shrinks in the second quarter, GDP shows, and invites talk of recession
The numbers: The U.S. economy shrank at a annual 0.9% pace in the second quarter to mark the second decline in a row, intensifying a debate over whether the U.S Read more
The U.S. won’t officially be in recession if GDP shrinks again — and here’s why
Since World War Two the U.S. economy has never shrunk for two quarters in a row without a recession being declared, but an exception to the rule could happen soon. Read more