Wells Fargo clears another postscandal regulatory hurdle — but more remain
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Stocks bounce back, plus Wells Fargo and its CEO Charlie Scharf get another win
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.CNBC - 1h -
El Salvador's Congress clears hurdle to speed constitutional reforms
El Salvador’s Congress has ratified a constitutional reform that will make it easier and faster to make constitutional changes in the future, a change critics say will allow President Nayib Bukele ...ABC News - 5d -
Wells Fargo clears one penalty but remains under ‘close scrutiny’ by regulators
Wells Fargo’s automobile- and mortgage-lending practices have now satisfied the requirements of a 2022 consent order set by federal regulators, the bank said.MarketWatch - Jan. 28 -
Hegseth clears key Senate hurdle
Presented by Lockheed Martin — Two GOP senators said they will not support President Trump's Defense pick Pete Hegseth, who can only afford to lose three Republican votes and still clinch the ...The Hill - Jan. 23 -
Pete Hegseth's nomination to lead the Pentagon clears a key hurdle in the Senate
The Senate voted to advance Pete Hegseth's nomination to be Trump's defense secretary, putting him on a path to final confirmation at the end of the week.NBC News - Jan. 23 -
Johnson & Johnson clears a few hurdles, but Wall Street focuses on weak guidance
Johnson & Johnson’s stock dropped more than 3% Wednesday after the medical-technology and drug company beat estimates for the fourth quarter but as lower sales guidance for the year stoked fears of ...MarketWatch - Jan. 22 -
JPMorgan Chase, Wells Fargo and Goldman Sachs Report Big Profits
The largest banks, including JPMorgan Chase, Wells Fargo and Goldman Sachs, reported bumper profits on Wednesday.The New York Times - Jan. 15 -
Wells Fargo shares jump after earnings beat, strong 2025 guidance
The lender expects 2025 net interest income, a key measure of what a bank makes on lending, to be 1% to 3% higher than 2024's number of $47.7 billion.CNBC - Jan. 15 -
JPMorgan, Citi, Wells Fargo and Goldman’s earnings results may boost banks stocks further
The largest banks in the U.S. may justify further gains in stock prices if their earnings updates in the coming days include any upside surprises around loan growth or a boost from lighter ...MarketWatch - Jan. 13
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The bond market is signaling two things about Trump’s second term
President Trump’s trade-war tactics have been tough for investors to parse, especially as stocks zigzagged to start the week amid mixed messages from the bond market.MarketWatch - 20m -
U.S. benchmark oil prices end lower as China trade dispute fuels demand concerns
U.S. oil prices on Tuesday gave back most of their gains from a day earlier after the U.S. implemented an additional 10% tariff on Chinese imports and Beijing retaliated with measures of its own, ...MarketWatch - 42m -
Estée Lauder is trying to fast-track premium products. But it’s cutting jobs, and is the S&P 500’s worst performer today.
Estée Lauder on Tuesday announced plans to cut thousands of jobs and speed up its product development to reclaim relevance in higher-end beauty, after the company swung to a quarterly loss and ...MarketWatch - 1h -
Archer Daniels Midland draws dreaded ‘sell’ rating despite laying off hundreds
Archer Daniels Midland’s efforts to boost its prospects by cutting hundreds of jobs failed to ignite much enthusiasm from one analyst, who has downgraded the food- and fuel-processing giant to sell ...MarketWatch - 1h -
Buffett’s Berkshire Hathaway buys more Sirius XM stock as it continues to bounce
Warren Buffett’s Berkshire Hathaway has spent another $54 million to purchase Sirius XM stock, giving it a stake of more than 35% in the satellite-radio company.MarketWatch - 2h
More in Business
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Want Eggs With Your Breakfast? Pay a Surcharge, Waffle House Says.
The restaurant chain, which serves breakfast all day, said it was adding the temporary 50-cent surcharge because the bird flu has caused a shortage in the egg supply.The New York Times - 9m -
All 67 victims in D.C. midair plane collision recovered, officials say
All 67 victims in last week's deadly collision of an American Airlines regional jet with an Army Black Hawk helicopter have been recovered, officials said Tuesday.CNBC - 10m -
The Fed could find itself in a policy Catch-22 if tariffs spike inflation and slow growth
Many economists expect the tariffs both to raise prices and shave the pace of gross domestic product.CNBC - 12m -
Why Purpose and Values Are the Key to Growth
Five leadership lessons about incorporating these into your business approach.Inc. - 19m -
The bond market is signaling two things about Trump’s second term
President Trump’s trade-war tactics have been tough for investors to parse, especially as stocks zigzagged to start the week amid mixed messages from the bond market.MarketWatch - 20m