Wells Fargo, until recently the biggest player in U.S. mortgages, has repeatedly felt regulators’ wrath over missteps involving home loans.
This is the biggest year-end tax issue for high-net-worth clients, advisor says
Several key provisions from the Tax Cuts and Jobs Act are slated to expire after 2025. Here’s what one provision means for high-net-worth investors.
Spanish economist picked to lead the EU’s massive lending unit lays out her priorities
Nadia Calviño, newly-appointed head of the European Investment Bank, on speeding up procedures, increasing MDB collaboration, and AI regulation.
Stocks making the biggest moves premarket: Cigna, Macy’s, Snap and more
These are the stocks posting the largest moves in premarket trading.
‘Somebody has it wrong’ on U.S. recession risks as oil, gold and Treasurys diverge, fund manager says
Falling oil prices and rising gold prices indicate growing recessionary fears — but 10-year Treasury yields jumped on Friday amid hopes of a soft landing.
SumUp, a rival to Jack Dorsey’s Block, defies fintech funding slump with $307 million cash injection
Payments startup SumUp, known for its tiny card readers, announced it has raised $306.6 million in a round valuing the company north of $8.6 billion.
China’s livestream shopping is booming, fueling new tech such as avatars and AI
Livestreaming is cementing itself as a growing sales channel in China, driving new tech products such as virtual human streamers and mobile data packages.
Macy’s receives $5.8 billion buyout offer, sources say
The offer values the retailer at $21 per share, according to the sources. Macy’s closed at just over $17 a share on Friday.
JPMorgan picks China stocks to buy now. Alibaba’s not on the list
Some big-name Chinese stocks are starting to emerge from a downbeat few quarters, making it them “timely buys” for the year ahead, JPMorgan analysts said.
Charlie Munger’s No. 1 tip for dealing with hardship: Cry, but don’t quit
Ahead of his death last month, billionaire Charlie Munger shared his best tips for success and longevity. Among them: It’s OK to cry, but never give up.