Wells Fargo on Friday surpassed Wall Street expectations in third-quarter earnings and revenue as the benefit from higher interest rates offset declining loan balances.
Category: Finance News
China gives Ehang the first industry approval for fully autonomous, passenger-carrying air taxis
Ehang shares have nearly doubled in price this year, before trading was temporarily halted Monday pending a significant announcement.
Microsoft’s $69 billion Activision Blizzard takeover approved by UK, clearing way for deal to close
Britain’s top competition watchdog gave the green light to Microsoft’s proposed $69 billion takeover of gaming firm Activision Blizzard Friday.
JPMorgan Chase is set to report third-quarter earnings — here’s what the Street expects
JPMorgan will be watched closely for clues on how the industry fared amid surging interest rates and rising loan losses.
China’s exports and imports drop again in September
China’s trade slumped this year amid lackluster global demand for Chinese good and muted domestic demand.
A photographer ‘accidentally’ found a way to help hundreds of dogs get adopted
Rachael Rodgers takes rescue dogs on road trips. Her photos of them — hiking and kayaking in the Canadian wilderness — have helped nearly all find new homes.
Interest rates take center stage with banks set to report quarterly results
Bank stocks remain under pressure due to high-interest rates, as financial firms like Club holdings Wells Fargo and Morgan Stanley kick off earnings season.
Target shares get upgrade from Bank of America. Here’s what the pros have to say
Pros on CNBC discussed Target after the retail chain was upgraded to buy from neutral at Bank of America.
Bank earnings kick off with JPMorgan, Wells Fargo amid concerns about rising rates, bad loans
Higher rates are expected to lead to a jump in losses on banks’ bond portfolios and contribute to funding pressures.
Leon Cooperman expects very little from the market and is only interested in individual stocks
Billionaire investor Leon Cooperman remains a bear with little interest in the broader stock market, which he says underestimates the risk of a fiscal crisis.