Banks' boost from rising interest rates is waning because of this one issue, Morgan Stanley says

Banks are now having to compete for deposits, unlike earlier during the pandemic. Banks are quick to charge borrowers more for products including credit card debt and mortgages in a...

Wall Street banks like growth stocks again. Here are the top picks from Goldman and more

Of the 10 major sectors on the S & P 500, nine have notched gains over the past month. That included a bunch of growth sectors such as tech, industrials, communication services and materials....

Wall Street's top analysts say these are their favorite stocks right now

July's payrolls report came in stronger than expected, rising by 528,000. Economic data and earnings reports have been dictating the pace of the market. Investors search for hints on what the...

Wells Fargo, digital assets are an “innovation on par with the internet, cars, and electricity”

Wells Fargo, the fourth largest bank in the United States by market capitalization, has released a special report entitled “Understanding Cryptocurrency,” which compares digital assets to the...

Inflation, recession and living on "borrowed money" as credit soars

Credit-card balances account for about $890 billion of Americans' staggering $16 trillion in household debt. A Bloomberg report highlighted a worrying rise in delinquent accounts among...

Credit-card debt is soaring

Recession fears and price pressures haven't tamed Americans' urge to splurge.Driving the news: Credit-card balances are defying the gravitational pull of stubborn inflation and slower growth. They...

Quasi-preneurs' see opportunity, challenges in franchising

NEW YORK (AP) — In 2020, Kelly Jackson and Davina Arceneaux wanted to leave their company jobs and become business owners. They were looking for something both COVID-proof and...

Inflation, recession and living on "borrowed money" as credit soars

Credit-card balances account for about $890 billion of Americans' staggering $16 trillion in household debt. A Bloomberg report highlighted a worrying rise in delinquent accounts among...

The best stocks or sector ETF's to own during rising rates?

I've recently rebalanced my 401k to be pretty diversified into ETF's. I've bought plenty of tech stocks over the last few years and sold them off during the fall of 2021. I'm very bullish on tech...

U.S. labor market defies recession fears as job growth surges in July

U.S. job growth unexpectedly accelerated in July, lifting the level of employment above its pre-pandemic level. Average hourly earnings rise 0.5%; up 5.2% year-on-year. Participation rate falls to...

Wells Fargo Downgrades Warner Brothers Discovery to Equal Weight

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Cracks beginning to show’: Wells Fargo senior economist is spotting signs of weakness ahead of July’s U.S. jobs report

The job market’s continued strength is the main reason most economists don’t believe a downturn has started yet — but that may be changing.

As recession fears grow, strong US hiring is likely slowing

WASHINGTON (AP) — The American job market has defied raging inflation, rising interest rates, growing recession fears. Month after month, U.S. employers just kept adding hundreds of thousands of...

Wells Fargo Downgrades ChemoCentryx to Equal Weight

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Here are 3 top dividend stocks for stable cash return and inflation protection

Healthy dividend stocks have the potential to: Offer a plump income stream in both good times and bad times. Provide much-needed diversification to growth-oriented portfolios. Outperform the S&P...

Wells Fargo Downgrades Ping Identity Holding Corp. to Equal Weight

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Lowe's Could See Some Relief on EPS Day

By Sam Boughedda According to a Wells Fargo analyst, Lowe's Cos. shares could see some relief when the company reports earnings later this month. The analyst lowered the firm's price target on...

Senate bill would hand bitcoin, ether oversight to commodities regulator

By Pete Schroeder WASHINGTON - A new bill introduced in the U.S. Senate would make the Commodity Futures Trading Commission (CFTC) the direct regulator of the biggest cryptocurrencies. The...

Equifax says it fixed a “technological coding issue” that sources say sent lenders faulty credit scores on millions...

Equifax provided inaccurate credit scores on millions of U.S. consumers seeking loans during a three-week period earlier this year, according to bank executives and others familiar with the...

Equifax Sent Lenders Wrong Info On Millions Of Consumers, Causing Higher Rates, Denials

Equifax Sent Lenders Wrong Info On Millions Of Consumers, Causing Higher Rates, Denials Credit company Equifax provided inaccurate credit scores for millions of US consumers to banks...

Equifax issued wrong credit scores for "millions" of customers, report says

Equifax sent out incorrect credit scores for millions of customers applying for home and auto loans, the Wall Street Journal reported. Some scores changed by as much as 20 points in either...

Equifax provided inaccurate credit scores for millions of consumers seeking loans, report says

The scores covered consumers applying for auto loans, mortgages and credit cards to lenders including JPMorgan Chase and Wells Fargo.

Equifax issued wrong credit scores for "millions" of customers, report says

Equifax sent out incorrect credit scores for millions of customers applying for home and auto loans, the Wall Street Journal reported. Some scores changed by as much as 20 points in either...

Opendoor Agrees to Pay $62m Settlement to FTC

By Sam Boughedda The Federal Trade Commission announced Monday that online home buying firm Opendoor will have to pay $62 million "for cheating potential home sellers." According to the FTC...

Wells Fargo reinstates diverse slate hiring policy following June pause

- Wells Fargo (NYSE:WFC) reinstated a hiring policy that requires recruiters to interview a diverse pool of candidates nearly two months after its suspension in June, the bank said on Monday. The...

Wells Fargo reinstates diverse slate hiring policy following June pause

Wells Fargo reinstated a hiring policy that requires recruiters to interview a diverse pool of candidates nearly two months after its suspension in June, the bank said on Monday.

Stocks making the biggest moves midday: PerkinElmer, Boeing, Global Payments, Bumble and more

Boeing shares rallied more than 7% after FAA approved inspection protocol revisions. Defense workers will vote on a new proposed labor agreement on Wednesday. Target stock rose more than 2% after...

Stocks making the biggest moves midday: PerkinElmer, Boeing, Global Payments, Bumble and more

Boeing shares rallied more than 7% after FAA approved inspection protocol revisions. Defense workers will vote on a new proposed labor agreement on Wednesday. Target stock rose more than 2% after...

Pre-Open Movers: Romeo Power, EVO Payments Jump on Buyouts; Boeing Gains as FAA Clears Inspections

Pre-Open Stock Movers: Mobile Global Esports Inc. 48% HIGHER; sees continued momentum after Friday's IPO. Romeo Power, Inc. (RMO) 22% HIGHER; Nikola Corporation (NKLA), and Romeo Power, Inc....

Russia's Ukraine invasion marks a turning point for EM investing: Acadian

NEW YORK - The long-term effects of the Russian invasion of Ukraine for investors in emerging market stocks include a reassessment of EM benchmarks, a reshaping of global trade, and premium value...

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