“We look city by city, we look property by property to look at our exposures, and I would say there’s no question that there will be losses,” Scharf said at the conference, hosted by AllianceBernstein. Wells Fargo’s stock popped by about 1% in premarket trading, following its earni...
The company’s shares are up more than 12% in premarket trading. “It’s worth noting that the clinical trial was very small, despite the seemingly very positive results and everyone is being urged to treat them with caution but let’s face it, we’ve waited a long time for some ...
Americans seeking relief from high borrowing rates might not have to wait much longer. US consumer prices fell in Junefor the first time since the early months of the pandemic. Fresh data Thursday revealed that consumer prices dropped 0.1% from May. On an annual basis, inflation eased to 3%...
Stocks may seem risky, but the alternative is putting your money in assets that will generate little, if any, return. “We have a lot of clients with cash. Many of them still have PTSD from the 2008 and 2009 crisis. But we’re trying to urge people to add more risk,” Geletka sa...
Flatter yield curves make it harder for banks to make money. 2:20 a.m. 14:56:46, March 21, 2019 The Fed isn't going to raise rates anytime soon From CNN Business' Paul R. La Monica It looks like the Federal Reserve got the message that the markets sent it late last year....
“People are going to assume when they deal with something that looks like a money market fund that it has the same regulation as a money market fund or a bank deposit.” Officials have become increasingly focused on tightening federal oversight of the volatile digital asset market, which ...
California utility PG&E is in deep trouble, and the world’s biggest banks are loaning it money to keep the company afloat. JPMorgan, Bank of America, Barclays and Citigroup have committed to provide PG&E with $5.5 billion in credit and loans during its bankruptcy proceedings, according to ...
Pre-market stock trading coverage from CNN. View pre-market trading, including futures information for the S&P 500, Nasdaq Composite and Dow Jones Industrial Average.
The US economy isn’t out of the woods yet, but it’s doing a lot better than many forecasters thought it would.
Shares are up 4% in premarket trading. Airbnb said the impact of Omicron on bookings and cancellations was lower than the company experienced when the Delta variant hit last summer. It also said customers continue to book longer stays on the platform. Over the past two years, the average tr...