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Shares of Wells Fargo and Morgan Stanley rise on plans to raise their dividends
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CNBC - Business
JPMorgan and Morgan Stanley boost buybacks and dividends, while Citigroup and BofA take smaller steps
The big banks announced their plans to boost capital return to shareholders after passing the annual stress test administered by the Federal Reserve this week. -
Financial Times - Business
Morgan Stanley to join Goldman and JPMorgan in scrapping UK bonus cap
Group is latest Wall Street lender to change pay policy after curbs dropped in post-Brexit push to boost City of LondonUnited Kingdom -
CNBC - Business
Fed and European Central Bank could cut interest rates in September, Morgan Stanley strategist says
The U.S. Federal Reserve and European Central Bank could move to cut rates in September, a Morgan Stanley strategist said Friday.Federal Reserve -
MarketWatch - Business
Here’s why a repeat of the Trump 2016 stock playbook may not work, Morgan Stanley says
Reaction by some stocks last week revealed hopes for a repeat of the Trump 2016 playbook, but Morgan Stanley says beware.Donald Trump -
MarketWatch - Business
Nvidia faces an ever-higher bar. How Morgan Stanley says to play its stock.
Morgan Stanley isn’t “pounding the table” on Nvidia shares but still sees some upside. -
MarketWatch - Business
This is how much the largest 20 U.S. banks raised dividends after stress tests
Banks increasing payouts the most included Wells Fargo and Bank of New York Mellon. -
ABC News - Tech
Shares of Trump Media swing wildly after first US presidential debate, fall 10%
Trump Media fell more than 10% Friday after the first U.S. presidential debate, demonstrating another of the wild swings that have made its stock one of the more volatile on Wall StreetDonald Trump -
CNBC - Business
Tesla shares soar on better-than-expected Q2 deliveries report
Tesla's delivery numbers for the second quarter beat Wall Street estimates.Tesla -
NBC News - Top stories
Tesla shares rise on better-than-expected Q2 deliveries report
Tesla on Tuesday posted its second-quarter vehicle production and deliveries numbers for 2024, beating analysts expectations.Tesla
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CNBC - Business
Powell says Fed has made 'quite a bit of progress' on inflation but needs more confidence before cutting
"We've made quite a bit of progress and in bringing inflation back down to our target," Powell said at a central banking forum in Sintra, Portugal.Federal Reserve -
CNBC - Business
Peloton staved off the cash crunch that threatened its business. Where does it go now?
Peloton's looming debt pile raised concerns that the company could be pushed into bankruptcy. Now that Peloton has refinanced, it still has to fix its strategy. -
CNBC - Business
How thousands of Americans got caught in fintech’s false promise and lost access to bank accounts
The Synapse collapse has revealed fintech's promise of safety as a mirage. More than 100,000 Americans with $265 million in deposits were locked from accounts. -
CNBC - Business
Tesla shares soar on better-than-expected Q2 deliveries report
Tesla's delivery numbers for the second quarter beat Wall Street estimates.Tesla -
CNBC - Business
Media mogul Barry Diller weighs a bid to gain control of Paramount
Barry Diller's IAC is weighing an offer for Shari Redstone's National Amusements Inc., which would give the media mogul control of Paramount.