Dow turns positive, stocks pare losses as market heads for second weekly gain to kick off 2023
admin U.S. stocks pared early losses on Friday with the Dow turning mildly positive as investors…
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Wells Fargo, once a mortgage giant, shrinks home-lending business
Wells Fargo said late Tuesday it was shrinking its home-mortgage business, aiming to serve its…
Read MoreWells Fargo ordered to pay $3.7 billion for alleged mismanagement of auto, mortgages and deposit accounts
The Consumer Financial Protection Board (CFPB) on Tuesday said it is requiring Wells Fargo &…
Read MoreHuntington Bancshares takes long view as other banks scramble on mortgages, auto loans and lower deposits
Huntington Bancshares Corp. stock rallied Friday as the financial-services company raised its outlook for net…
Read MoreMorgan Stanley evaluating job cuts, CEO says
Morgan Stanley CEO James Gorman said the marquee investment bank is studying potential job cuts…
Read MoreWhy Zelle moves twice as much money as Venmo and Cash App combined
Zelle may not have its own clothing line or suggest emojis when you pay your…
Read MoreJPMorgan profit falls but beats estimates while Morgan Stanley misses
JPMorgan Chase & Co. shares rose Friday after the megabank beat analyst targets for third-quarter…
Read MoreThe bank best positioned for upcoming earnings is the most criticized one in Washington, says this Bank of America analyst
This recent market turmoil was brought to you by the letter “P”. Prices that are…
Read MoreExpect job-market strength to hold despite labor costs pinching company earnings
Not everyone expects to see large-scale layoffs wash over America, even as recession fears lurk…
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Why risk of lower 2023 earnings spells bad news for stock market as inflation crushes Fed-pivot hopes
Unrelenting inflation has dashed hopes for a quick pivot away from aggressive interest rate hikes…
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